INDONESIA BLOCKS CRYPTOCURRENCIES

INDONESIA BLOCKS CRYPTOCURRENCIES

Monday, 15 January, 2018 at 15:44 GMT

Learn about the latest press release issued by the Indonesia central bank concerning the status of bitcoin and alternative crypto-currencies inside the country
On Saturday, the Bank of Indonesia issued a press release warning that crypto-currency can not be used for payments inside the country.

In its message, the Bank declared crypto currency "an non-legitimate instrument of payment", because they do not comply with the provisions of the currency act of 2011 and are not issued by the Republic of Indonesia.
"Financial transactions conducted on the territory of Indonesia must be performed in rupees," the currency act says.

In this regard, the central bank of Indonesia said that payment companies are not allowed to conduct transactions using virtual currencies.
Further as it goes in the press release:

"...Bank Indonesia affirms that it forbids all payment system operator (principal, switching operator, clearing operator, final settlement operator, issuer, acquirer, payment gateway operator, electronic wallet operator, money transfer operator) and financial technology operators in Indonesia, both bank and nonbank institution, to process transactions using virtual currency, as stated in Bank Indonesia Regulation No. 18/40/PBI/2016 on Implementation of Payment Transaction Processing and Bank Indonesia Regulation No. 19/12/PBI/2017 on Implementation of Financial Technology..."

At the same time, nothing is said about the exchange of crypto-currency in the press release.

In early December, 2017, the central bank of Indonesia has already reported that it is considering new instructions that, from 2018, will declare bitcoin-transactions illegal.
On December 20, the bank issued a new notice No. 19/12 / PBI / 2017 "Operation of financial technology", in which the concerns about the use of bitcoin for the financing of terrorism, money laundering and illicit drug trafficking were raised.

In its latest report, the Bank of Indonesia also warned "all parties" that the purchase, sale and trading of crypto-currencies is accompanied by "high risks", because they are "very volatile", and their value is not provided by either the state or any assets.

The press release, published on January 13, also says:
"This means that virtual currencies are vulnerable to bubble risks, and susceptible to be used for money laundering and terrorism financing, therefore can potentially impact financial system stability and cause financial harm to society."...

Top picks HYIP project
KRAKEN BACK ONLINE

KRAKEN BACK ONLINE

Monday, 15 January, 2018 at 15:25 GMT

What originally was to become a two-hour break in the work of the popular crypto-currency exchange Kraken, turned into a test and stress for customers, which lasted several days.

On January 10, representatives of Kraken announced that they would update the system, and this would lead to operations being put on hold for approximately two hours. However, no one expected a multi-day off-line - Kraken had many problems in the upgrade process, which lasted more than 48 hours.

One of the biggest problems was the lack of communication with Kraken in social networks - there was not a single record in the official Twitter of the exchange during the prolonged update. Nevertheless, on the status page of Kraken, the Exchange employees constantly informed users about the process/.

Undoubtedly this did not prevent many industry media from questioning the situation and raising a wave of panic that led to rumors that the exchange was hacked. However, members of the community have a right to worry - hacking of such large exchanges as MtGox, BitStamp and Bitfinex already cost them millions of dollars.

Max Kaplan, a Kraken employee, tried to calm the troubled customers of the exchange by writing in his Twitter account the following: "...I can assure you your funds aren't lost and all stale orders will be cancelled when we come back up. This is not our proudest moment just like it's not Gox 2.0. Please follow along on http://status.kraken.com for continued updates..."

In one of the status updates on January 12, Kraken acknowledged these errors:

Update - We are making progress on the few remaining issues but don't have a definite launch time yet. We intend to cancel stale (and possibly all) orders and pause liquidations upon resuming service. More details to follow soon. Thank you for your patience.
Jan 11, 21:41 UTC

Update - We are currently working to resolve a number of issues that came up during final testing. At this stage it is uncertain when exactly these issues can be fixed, but we will update again when a more definite ETA can be given.
Jan 11, 19:07 UTC

Update - In the final stage of installing the upgrade now. We are getting close but hard to give an exact ETA since it depends on how the final testing goes.
Jan 11, 15:27 UTC

Update - The upgrade is going much more slowly than anticipated. It will probably be two hours or more until systems are back online.
Jan 11, 12:14 UTC

Fortunately, everything ended well - on the evening of January 14, the Exchange team wrote that the work of the site was resumed. In addition, the company's blog has a record that until the end of the month the platform will not charge a commission for trading. However, this decision does not apply to margin trading.

According to the exchange, such a long simple Kraken was associated with the replacement of the old trading system and the problems that arose due to the update.

The latest updates say that withdrawals have been reenabled and the issues seem to be resolved:

Update - If you are still seeing the 'maintenance' message on the homepage or the 'disabled' message on the withdrawals page, try a hard refresh by holding the shift key down while hitting the reload button on your browser.
Jan 15, 06:39 UTC

Update - Withdrawals are now enabled. We are aware of a rare issue preventing some new withdrawal addresses from being confirmed. Please try another address if this happens. Also, if you held bitcoin on your Kraken account at Bitcoin block #472889, you have been credited with your Stellar lumen (XLM) from the last airdrop. Note: the new trading interface still uses the old STR ticker (https://trade.kraken.com/kraken/strbtc)

Although the situation with Kraken turned out to be a false alarm, it can provoke increased caution of traders who have recently come to the crypto currency market with regard to centralized exchanges. Given that hackers are increasingly looking to the crypto-currency industry and do not miss the chance to profit from investors, perhaps excessive caution does not hurt....

KRAKEN UNDER MAINTENANCE

KRAKEN UNDER MAINTENANCE

Friday, 12 January, 2018 at 15:56 GMT

One of the largest crypto-currency exchanges Kraken has been updating its system for the second day, although initially planned to complete all the work within 2 hours.
The renovation began yesterday at 6 am GMT. When it became clear that the exchange does not fit within the specified timeframe, a message about unplanned delays appeared on the page designed to track the current status of the service. Later, the company reported that the work will go on for another 2 hours.

 The last message of the exchange says:
***MAINTENANCE ANNOUNCEMENT***
Kraken is presently offline for maintenance.
While maintenance is underway, the website and API will not be reachable, and orders will not be able to be placed or canceled.

Probably, this is one of the longest updates in the history of crypto-currency exchanges. It is still not clear what exactly happens at Kraken. The update should have been launched on January 6, but it was postponed several times.

The exchange does not specify what the problem is. It is worth mentioning that the Kraken exchange experienced problems for several months, because of which traders often could not access the interface of the site, and the order placement sometimes required 20 or more attempts.
Often the site itself was not available, displaying various errors, which indicates that Kraken, like many other exchanges, was not ready for such a rapid increase in the number of users.
Finally, Kraken came to update its system, but its two-hour work resulted in more than two-day blocking of funds for the customers....

MAXIMUM HYIP PRESENTATION

MAXIMUM HYIP PRESENTATION

Thursday, 11 January, 2018 at 23:25 GMT

The HyipNews team is pleased to present the readers with the new Hyip added to the listing Maximum HYIP, publishing the short presentation of the hyip to make the potential investors acquainted with the program and its terms, which may become suitable for funds depositing. The program has been added to HyipNews 26 days ago. According to the legend Maximum HYIP Limited is a company, which consists of experts from different fields of economics, finance and marketing. Due to being experienced in trading in the Forex Market and Stock Exchange the unique offer based on trust management has been offered to the customers online.

The website of the project looks good enough and offers a fully automated platform, which allows the team to accept investments and pay profits according to chosen terms in an intuitive and informative way. Moreover, the admin is sure, anyone willing can find any information about the company, investment proposal and all the benefits of partnership on the website in the blink of an eye.

Maximum HYIP accepts PerfectMoney, Payeer, AdvCash, BitCoin and LiteCoin e-currencies. The project offers seven investment plans. Two of them are paying daily profit (4.5% daily for 50 days and 2.5% daily for 90 days), other five programs are offering paid-upon-expiry investment plans offering 195% - 2882% profit after 5-25 days. Withdrawals, as per the terms of the plan chosen, are processed manually and normally available within 12 hours. There is also a referral program, offering 5% bonus from the deposits made by the downlines. There are not many peculiar features, worth talking about in terms of the investment offer at Maximum HYIP.

From the security point of view, the website is protected with the standard SSL certificate with no Extended validation and hence No Green Bar shown.
...

FOREX COIN PRESENTATION

FOREX COIN PRESENTATION

Thursday, 11 January, 2018 at 23:10 GMT

The HyipNews team is pleased to present the readers with the new Hyip added to the listing Forex Coin, publishing the short presentation of the hyip to make the potential investors acquainted with the program and its terms, which may become suitable for funds depositing. The program has been added to HyipNews 27 days ago. According to the legend Forex Coin Limited developed an international investment platform to optimize the process of interacting with customers in the modern market of cryptocurrency investments. With the help of the platform the company reduces the burden on client managers and ensures stable operation worldwide. The website has been designed in a very professional way. The script is custom and looks to be genuine.

Forex Coin Limited accepts investments and pays profits in Bitcoin, Payeer, AdvCash. In accordance with the investment proposal of Forex Coin Limited, the profit is accrued every 24 hour from the time of adding the deposit (the exact time of accrual is available in the section with the list of your deposits). In total, the daily profit will be from 1.11% to 1.55%. The minimum withdrawal amount is 15$. All requests for withdrawal of profits are processed instantly and automatically. The principal is not refundable. Five-Level affiliate program that provides a reward of 15% of the deposits made by the referrals is offered at Forex Coin.

From the security point of view, the website is protected with the Extended Validation (EV) SSL certificate with the Green Bar shown in the browser.
...



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