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UK OneCoin Victim Starts Receiving Death Threats from Supporters of the Project 

October 17, 2019 in Bitcoin


One investor in the OneCoin cryptocurrency scheme is receiving death threats after she publicly spoke out about her ordeal with the ‘firm’. Aside from receiving more than harsh words from people over the internet, Jen McAdam has also been threatened with sexual violence too. 

Following her father’s death, the Glasgow-born resident put her inheritance into the OneCoin digital currency which according to the BBC was a complete scam. The multi-million dollar scheme from OneCoin saw more than fifty thousands British people put their life-savings into the cryptocurrency however they were all left with questions without any answers.

McAdam recently took part in a BBC Sounds podcast where she told her story and experience with OneCoin. The podcast is an interesting one for crypto enthusiasts as it dug deep into the disappearance of the scam’s founder, Ruja Ignatova. Since she took part in the interview, things seem to have gotten worse or McAdam.

According to McAdam, the threats are coordinated attacks which mainly come from supporters of the OneCoin cryptocurrency. Many of the threats that McAdam has received have been through means of Facebook or Twitter. One of the threats posted in September, described the podcast as fake news whereas another said: “the laddy is still alive but it will not be for more days !”

Reading past the poor English, the message is clear. 

OneCoin has been able to raise more than $5 billion from victims residing in just under 180 nations. Other leaders of the crypto scheme have been arrested sure, but Ignatova is still missing. 

OneCoin’s operation still maintains innocence and continues to operate in some parts of the world. The website for the project is even still up and running!

For those who reading who are thinking about defending OneCoin, I leave you with this thought, innocent people don’t run.



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Ex-CFTC proposes blockchain-based dollar to save declining fiat

October 17, 2019 in Bitcoin


2019 marked the rise of another crypto-based experiment, as centralized financial institutions around the world started to contemplate the idea of a Central Bank Digital Currency [CBDC]. Bank of China was already ahead in this game, after announcing that their native CBDC was almost already, and in recent reports, Bank of Canada also entered the […]

The post Ex-CFTC proposes blockchain-based dollar to save declining fiat appeared first on AMBCrypto.



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Bermuda government to accept taxes in USDC stablecoin

October 17, 2019 in Bitcoin


Based on the latest report by Circle, Bermuda became the first government to accept payments for taxes, fees and other government services using stablecoin, USD Coin (USDC). The acceptance of USD-backed cryptocurrency is a result of Bermuda’s efforts into supporting the use of USD-dollar backed stablecoins and decentralized finance protocols and services. The announcement highlighted, […]

The post Bermuda government to accept taxes in USDC stablecoin appeared first on AMBCrypto.



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Maduro announces Petro-backed funds to boost Venezuela’s economy

October 17, 2019 in Bitcoin


Venezuela has long been fighting the woes of an unstable economy; President Nicolas Maduro announced strong steps to recover and strengthen the nation’s economic state. On October 16, Maduro communicated through a broadcast that he will be creating several government funds and will be denominated in its cryptocurrency, Petro. Additionally, he will also be providing […]

The post Maduro announces Petro-backed funds to boost Venezuela’s economy appeared first on AMBCrypto.



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Bitcoin bear market is essentially over, says Ikigai’s Hans Hauge

October 17, 2019 in Bitcoin


Disclaimer: AMBCrypto US and UK Market’s content is informational in nature and is not meant to be investment advice. Buying, trading or selling crypto-currencies should be considered a high-risk investment and every reader is advised to do their due diligence before making any decisions.



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EY introduces blockchain solution to help governments manage public funds

October 17, 2019 in Bitcoin


Today, one of the big four accounting firms, Ernst & Young, announced the launch of EY OpsChain Public Finance Manager (PFM) blockchain to help governments improve processes for financial management of public funds. While government bodies usually allocate funds for different projects and contract third-party agencies to carry out work, EY claims this initiative will […]

The post EY introduces blockchain solution to help governments manage public funds appeared first on AMBCrypto.



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Binance under the cosh as fake employee profiles flood LinkedIn

October 17, 2019 in Bitcoin


In an industry which largely depends on social and online platforms for developments and announcements, personal identities and credentials matter. The recent case of Binance makes this more evident. According to a recent segment aired by BlockTV, Binance is facing some trouble after allegations about a number of impersonators who were reported to be working […]

The post Binance under the cosh as fake employee profiles flood LinkedIn appeared first on AMBCrypto.



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Tron-issued USDT stablecoin now the 5th largest in the market

October 17, 2019 in Bitcoin


Disclaimer: AMBCrypto US and UK Market’s content is informational in nature and is not meant to be investment advice. Buying, trading or selling crypto-currencies should be considered a high-risk investment and every reader is advised to do their due diligence before making any decisions.



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Sally Ho’s Technical Analysis 17 October 2019

October 17, 2019 in Bitcoin



Bitcoin

Bitcoin (BTC/USD) was generally weaker early in today’s Asian session as the pair traded as low as the 7957.55 area after trading as low as the 7098.86 area during yesterday’s European session.  The pair depreciated sharply from the 8171.50 area during yesterday’s European session as BTC Bears finally found the conviction to push the pair below the 8130.75 area, representing the 61.8% retracement of the 7701.00 – 8826.00 rangeBTC/USD continues to trade below its 50-bar MA (hourly), 100-bar MA (hourly), and 200-bar MA (hourly).

Stops were elected below the 7966.50 area during the pair’s move lower, representing the 76.4% retracement of the same range, and the pair then orbited this level during yesterday’s North American session.  Stops were also triggered below the 100-bar MA (4-hourly) around the 8246.85 area yesterday.  Chartists are observing that there does not appear to be too much buying pressure between current levels and the recent lows around the 7701 area that have been tested three times since 26 September

Price activity is nearest the 100-bar MA (4-hourly) at 8,250.56 and the 50-bar MA (Hourly) at 8,153.62.

Technical Support is expected around 7,712.45/ 7,508.77/ 7,223.25 with Stops expected below.

Technical Resistance is expected around 8560.50 /9,071.00/ 9,651.00 with Stops expected above.

On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.

On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.

 

Ethereum

Ethereum (ETH/USD) was weaker early in today’s Asian sessios as the pair traded as low as the 173.46 area after trading as low as the 171.70 area during yesterday’s North American session, its weakest print since 7 OctoberStops were elected below the 175.04 area during the pair’s move lower, representing the 50% retracement of the move from 152.11 to 197.97.  Some Stops were also triggered below the 172.72 area during the move lower, a level that represents the 23.6% retracement of the 239.45 – 152.11 range.

ETH/USD is now trading well below its 50-bar MA (4-hourly), 100-bar MA (4-hourly), and 200-bar MA (4-hourly).  Similarly, ETH/USD is now trading well below its 50-bar MA (hourly), 100-bar MA (hourly), and 200-bar MA (hourly). These downward moves evidence the pair’s current downward bias and weaker market sentiment.  Notable downside price levels include the 169.63, 165.25, and 162.93 areas, with some ETH/USD Bears also focusing on the 157.39 area ahead of the recent 152.11 low.

Price activity is nearest the 100-bar MA (4-hourly) at 180.18 and the 50-bar MA (Hourly) at 179.43.

Technical Support is expected around 169.24/ 165.25/ 162.93 with Stops expected below.

Technical Resistance is expected around 179.84/ 183.33/ 187.15 with Stops expected above.

On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.

On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.



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Bitcoin’s risk characteristics have become ‘more attractive’

October 17, 2019 in Bitcoin


Disclaimer: AMBCrypto US and UK Market’s content is informational in nature and is not meant to be investment advice. Buying, trading or selling crypto-currencies should be considered a high-risk investment and every reader is advised to do their due diligence before making any decisions.



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