04-30-2018: Probable Market Manipulation By Big Players

This morning we see litecoin down to the 7th position by coin market cap as EOS and ADA take over the 5th and 6th spot. Market manipulation by bravado group and crypto influences. @cryptomedicated has put forward a post showing the clear market manipulation that is going on with the bravdogroup and several other “whales”. Images of chats between these people show they are looking to purchase up to 25% of the total circulating coin oh haven coin, with the intention of future manipulation. They also chat about working with major Twitter influences to further manipulate the market via social media too (Steemit).

A 10 man crew has been arrested in Dubai after they allegedly stole 1.9 million dollars from 2 brothers. The brother, who were in the market to purchase some Bitcoin, were convinced by the crew that they had Bitcoin to sell. After acquiring a storefront for the heist, the brothers were led inside where the crew members had set a trap, armed with guns and knives. Almost a perfect crime as these was very little physical evidence at the crime scene, but thanks to some integrated AI within the police force that helped hunt them down (Bitcoinist).

More News abroad as France drops cryptocurrency taxes below 50%. A 10 man crew has been arrested in Dubai after they allegedly stole 1.9 million dollars from 2 brothers. The brother, who were in the market to purchase some Bitcoin, were convinced by the crew that they had Bitcoin to sell. After acquiring a storefront for the heist, the brothers were led inside where the crew members had set a trap, armed with guns and knives. Almost a perfect crime as these was very little physical evidence at the crime scene, but thanks to some integrated AI within the police force that helped hunt them down (Bitcoinist).

More News abroad as France drops cryptocurrency taxes below 50% of their previous rate. An amended tax legislation passed down by the High Administrative court of France classifies the sale of cryptocurrency as “movable property” which sees the sales taxed at a flat rate of 19%, lower than 50% of the previous 45% tax rate (Bitcoinist). Another country falls in line as the Justice Minister of Taiwan has put the call out for a cryptocurrency framework to be put in place by November, to start regulating local cryptocurrency exchanges with the purpose to reduce money fraud coming through the country (livebitcoinnews).

We see further adoption of blockchain technologies as a Spanish bank has deployed a private blockchain and successfully transacted a loan application, from start to finish, entirely on the platform. The 91 Million dollar loan was managed on the ledger from negotiation to final sign off between the bank and the loan recipient. The transaction time for the loan was reportedly reduced to a few hours rather than several days (CoinGeek).

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