What happens with crypto in the divorce court? – Crypto Coins Reports

There’s a very 21st century problem you hopefully haven’t come across yet – who inherits the digital assets of yourself or those of your kith and kin? And when you add to those digital assets your crypto it could get even more complicated.
That’s one problem then. Here’s another. How about being confronted with the even messier predicament, perhaps, that arises when the crypto-rich hodler falls out of love – not with crypto of course but with their marriage partner.
Think about this for a minute. Analogue divorce is bad enough, with, for example, bricks and mortar property to divide. However, dividing up, say, the digital music archive, is painful too, especially if it’s a family streaming account that contains all those carefully crafted playlists, which admittedly may now be associated with memories you want to forget.
Well if you thought that was complicated, crypto introduces yet another layer of complexity, and angst.
Wilsons, another London-based firm of lawyers, has identified three major areas of concern that are the subject of fierce litigation, and they are traceability, recklessness and volatility.
And these are not merely theoretical considerations. On Valentine’s Day London firm Royds Withy King said it was acting for parties in the cases of three different couples, one of which involves an £80,000 crypto investment made in November last year and is today valued at $830,000.
The first of those problem areas, traceability, is perhaps the most intractable of the issues.
To begin with, how does one party know that the other has a crypto holding and, assuming that they do does the crypto come to be included in the basket of marital assets? That’s especially a problem if the other party is not cooperative and the crypto is held on an exchange beyond the jurisdiction of the court or in a hardware wallet that the spouse doesn’t know about.
Jacqueline Fitzgerald, a partner at Wilsons, explains further: “Proving that one spouse has a substantial holding in a cryptocurrency and adding that to the marital assets can be a big problem.”
“If the crypto investment was made more than a year ago it may not even show up on the usual review of bank statements. Unlike most traditional investments, Bitcoin pays no dividends so there is almost no footprint for lawyers to identify,” she adds.
 
Then there is the issue of crypto volatility. The spouse that doesn’t hold the crypto could invoke the notion of “recklessly dissipated assets”, by arguing that the spouse holding the crypto allowed the value to be “dissipated”. The judge, if they accepted that argument, could decide that the remaining value of the asset should be used to compensate the non-crypto holding party.
Put that another way, the divorce proceedings could be taking place during one of bitcoin’s violent price corrections and the “hodler” could be penalised by the court for not selling some of the bitcoin before the event and ends up having to hand over a greater proportion of the asset than would otherwise have been the case to make up for the “recklessness” that “dissipated” a portion of the marital assets.
Fitzgerald explains: “Assets found by the court to be dissipated continue to be treated as marital property, and the remaining value can be redistributed to compensate the spouse.”
And allied to the volatility issue is the risk taken on by the party that accepts crypto assets in lieu of other assets only to find that after the court proceedings have finished the price plummets. “When the final order of the divorce has been signed, the spouse who swaps bitcoins for other assets in the divorce will not be able to claw back any funds if bitcoin collapses. Nor can they be forced to pay more if bitcoin soars – as long as they have made full disclosure,” says Fitzgerald.
A recent survey by the Global Blockchain Council and SurveyMonkey found that 71% of cryptocurrency investors were male. That, combined with the fact that around one-in-five married Americans keep financial secrets from their partner, according to CreditCards.com, it might be expected that there will be a lot more married men in the future who will be tempted to file their crypto holdings under the heading “secret”, just in case.
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Ethereum Founder Says Cryptocurrencies Could Fall to ‘Near-Zero’ At Any Time – Crypto Coins Reports

The founder of the Ethereum network has warned that the cryptocurrency market could ‘drop to near-zero at any time.’
Taking to social media over the weekend, Vitalik Buterin said:
“Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time.”
The 24-year-old Russian-Canadian programmer advised that investors should only put in the money that they could afford to lose, adding:
“If you’re trying to figure out where to store your life savings, traditional assets are still your safest bet.”

Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time. Don't put in more money than you can afford to lose. If you're trying to figure out where to store your life savings, traditional assets are still your safest bet.
— Vitalik Buterin (@VitalikButerin) February 17, 2018
https://platform.twitter.com/widgets.js
 
After a tough start to 2018, which saw the cryptocurrency market lose $100 million in a 24-hour period at the beginning of February, the industry has made a slight recovery. At the time of publishing bitcoin is once again trading above $11,000, after falling to a low of $6,000 at the start of February. Over a seven-day period, it has seen its value rise by nearly 30 percent, pushing its market value to $186 billion.
Even though second-placed ethereum is still trading below the $1,000 mark, it too has experienced positive advances and has seen a near 11 percent rise over the past seven days. It’s currently trading at $952 with a market value worth $93 billion.
Buterin is one figure that has actively spoken out about scammers in the crypto market. As one individual who has been impersonated by fraudsters the Ethereum founder has warned users not to trust people offering digital currency on Twitter. These questionable offers often ask users to send a certain amount of cryptocurrency in exchange for a larger reward.
Unfortunately, as Buterin points out the cryptocurrency media can often play a role in making these offers look legit.

Cryptocurrency media is now, even if out of ignorance/stupidity, complicit in making twitter scams look more legit.
Also, the ECF is *not* an EF initiative; it's an independent community organization with some EF participants as advisors.
Shame, https://t.co/JE9wIWmITL. pic.twitter.com/aM4YpjJIP7
— Vitalik Buterin (@VitalikButerin) February 18, 2018
https://platform.twitter.com/widgets.js
Earlier this month, Crypto Coins Reports reported that the Ethereum Community Fund (ECF), which funds and connects the growth of the Ethereum infrastructure, was to be advised by Buterin, Ayako Miyaguchi, the managing director of the Ethereum Foundation, and Vansa Chatikavanij, the managing director of OmiseGo.
In December, Buterin compared the frenzied investment in the digital currency market to that of $450 million Leonardo Da Vinci’s “Salvator Mundi,” which sold at auction in November. Referring to the popular CryptoKitties, he stated that this was ‘a reflection of the world at large.’
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Nano Price XRB is Struggling to Recover – Crypto Coins Reports

Nano price failed to recover above $12.00 recently and declined against the US dollar. XRB/USD is currently consolidating in a range above the $8.00 support.
Key Talking Points

Nano price corrected higher recently, but it failed to break the $12.00 resistance against the US dollar.
There is a major contracting triangle pattern forming with resistance at $9.00 on the 1-month chart of the XRB/USD pair.
The pair may soon make the next move either above $9.00 or below $8.00 in the near term.

Nano Price Forecast
There was no major recovery in Nano price this past week from the $7.50 swing low against the US dollar. The XRB/USD pair traded a few points higher, but it failed to move above the $10.50 and $12.00 resistance levels.
There was a range pattern initiated and the price started consolidating above the $8.00 support. It recently broke a connecting bearish trend line on the 1-month chart at $8.50. However, there was no major upside move as the price failed to move above $9.00.

The pair even struggled to move above the 23.6% Fib retracement level of the last decline from the $20.20 high to $6.95 low. At the moment, it seems like there is a major contracting triangle pattern forming with resistance at $9.00 on the 1-month chart of the XRB/USD pair.
The pair may soon make the next move and break the triangle to trade above $9.00 or below $8.00. Below the mentioned $8.00 support, the price could test the $7.00 support.
On the upside, the price has to settle above $9.00 to gain upside momentum. However, there are many resistances on the upside near $10.50. The most important resistance is near $12.00, which has prevented gains on many occasions.
Moreover, the 50% Fib retracement level of the last decline from the $20.20 high to $6.95 low might also act as a major resistance. The overall price structure is neutral as long as the price is above $8.00.
Trade safe traders and do not overtrade!
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Litecoin Price Analysis: LTC/USD Correcting Lower – Crypto Coins Reports

Litecoin price is struggling to break the $235 resistance against the US Dollar. LTC/USD is currently forming a range pattern with support near the $210-215 area.
Key Talking Points

Litecoin price is facing a lot of sell offers near the $235 level (Data feed of Kraken) against the US Dollar.
There is a contracting triangle forming with support at $215 on the hourly chart of the LTC/USD pair.
The pair may continue to trade in a range before it makes the next move either above $235 or below $215.

Litecoin Price Forecast
This past week, we saw a nice upward move above $200 in litecoin price against the US dollar. The LTC/USD pair was even able to move above the $220 resistance, but it struggled to gain pace above the $235 resistance level.
The pair formed a high near $235 and started a downside move. It declined below the $220 support and settled below the 100 hourly simple moving average. There was also a break below the 23.6% Fib retracement level of the last upside wave from the $177 low to $236 high.
Cryptocurrency charts and prices provided by TradingView
However, the downside move was limited as the pair found support near $210. Moreover, the 50% Fib retracement level of the last upside wave from the $177 low to $236 high also acted as a support and prevented further declines.
The pair started consolidating losses and it seems like there is a contracting triangle forming with support at $215 on the hourly chart of the LTC/USD. There could be more ranging moves below $235 until the next move.
On the upside, the triangle resistance is at $230. Before $230, the price has to move above the 100 hourly SMA to gain traction. Once there is a break above the $230 resistance and the 100 hourly SMA, there are chances of more gains in the near term.
On the downside, the price has to stay above the $215 and $210 support levels to avoid further declines toward $200 or $180.
Trade safe traders and do not overtrade!
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Litecoin Cemented Position and Recovery Strength Parallel with the Leading Coins – Crypto Coins Reports

Many enthusiasts, just-starters and traders in general talk a lot when it comes the recovery stability and speed of major cryptocurrencies like Bitcoin or Ethereum [coins at the top of the list by market capitalization] which is a very important factor that supports confidence throughout the community and market.
The best example of that characteristic would be the history-marking dip that took place after the end of Dec 2017 spike at which point Bitcoin and following altcoins rocketed together with the global range market cap from $145 billion to $757 billion. Post-dip, coins are showing quite stable recovery patterns while getting back on track. That marks a 5-times gain by the market capitalization while almost all coins did the same in value or even more. Very specifically, Litecoin was pushed upwards from its struggle to overcome once and for all the $50-$60 to the heights of $363 against the US Dollar. The above mentioned characteristic of recovery stability was of the same manner showcased by Litecoin like Bitcoin and Ethereum [Ethereum dropped from $1430 to $579 while now it is trading just below $1,000].
Now, however, with BTC at $10,790 and ETH at $933 at press time, Litecoin’s current value at $217 shows that is is proving similar resiliency to BTC and ETH, having regained 150 percent of the 307 percent drop after the recent cryptocurrency slump, while ETH has gained 135 percent of its 246 percent drop and BTC has regained 170 percent of its 308 percent loss.
The San Francisco-based payment processing firm – LitePay, which is a project by Litecoin Foundation [Singapore based] that has Charlie Lee [Litecoin founder] listed as its board president, announced that it will be launching LitePay and it will be operational from Feb 26 for transactions using LTC. Many give credits to this move for helping LTC price rebound faster and stronger as in just three days LTC climbed from $162 to $233.

We started because the people asked @Bitpay to accept LTC. They wouldn’t, so we took the challenge. Infrastructure for LTC February 26 🚀#PayWithLitecoin #LitePay
— LitePay, Inc. (@LitePayInc) February 13, 2018
https://platform.twitter.com/widgets.js
However, LitePay offers to rival the popular BitPay, one of the world’s largest Bitcoin payment processors. By 2014, BitPay had begun processing more than $1 million daily, according to news reports, and it boasts a portfolio of merchants who use it that includes Subway, Sears, Gap, Dell, Home Depot Office Supply, and many more. This use case for Bitcoin has helped give stability to the coin and has helped it earn respect in the mainstream community.
For quite some time now, the community which follows Litecoin did ask for BitPay to add a service for Litecoin, which the platform never did so LitePay stepped in and could hoist the popular profile which Bitcoin appreciate for Litecoin too.
Considering that the announcement of the February 26 launch for LitePay has helped Litecoin rebound considerably, the imminent February 26 launch for LitePay promises to further solidify gains.
With the innovative applications [Like LitePal and LitePay] and price flexibility to recover that Litecoin is showcasing regularly in par with the leading cryptocurrencies – Litecoin does look more promising than ever before while keeping strongly up. So, stay on radar On for any team/company announcement that is related to Litecoin and the big Feb 26 date – a positive market resonance may take place.
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Cardano Major Meeting on Feb 28 – Be on the Lookout – Crypto Coins Reports

London Feb 26 – the team behind Cardano will be showcasing the cryptocurrencies most recent achievements and developments to various investors and known figures. With the gathering taking place, there is a high possibility that it will have a positive impact on the cryptocurrency in the present understanding and future – from which traders and ADA enthusiasts could taste some profit.
Core member of the team backing up Cardano – Bruce Milligan will be center speaking while updating the attendees on what work and improvement has been successfully done until now and what are the future plans for the much promising coin Cardano.
First to be mentioned, the event is a great way to promote the project among interested or potential investors in the crypto-world. Keeping in mind that Cardano [compared to many other altcoins and Bitcoin] is a relatively new coin in the ecosystem, any future plans, roadmap or development will have its echo effect throughout the audience that are following.
Adding to that, this could be a good chance for the team to discuss and accept suggestions or ideas on further development. In addition traders will be able to assess if the announced suggestions can have impact on the value of the cryptocurrency which will be a useful analysis for the team.
Recently, Finance Magnates spoke with Charles Hoskinson about Cardano’s technology, the future of Cardano, and some of the controversy surrounding the coin.
According to Hoskinson – Cardano’s  position has been earned by popular opinion:
“People are taking their bets. People are looking at the science, people are looking at the team, they’ve looked at the progress made already, they looked at the philosophy, how we go about doing our business, and they made a bet that Cardano seems to be a contender.”
He continued: “I think a lot of people are making a strategic bet. Now if i’m wrong, you can vote by your feet and leave. If I’m right, well, welcome aboard. Regardless, I’m building this over a long term. I want ADA and Cardano to be used 50 years from now, I want this to be like TCP IP. Our vision is for Cardano to be the financial stack of the developing world.
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FCC: Bitcoin Miners must Stop Harmful Internet Network Interference now or Get Punished – Crypto Coins Reports

Federal Communication Communication: Bitcoin Miners must Stop Harmful Internet Network Interference now or Get Punished
The bitcoin fever is on and its showing no signs of cooling. Bitcoin and altcoin mining is a lucrative venture now than ever before and miners are doing everything they can to maximize profits not minding if their activity is disrupting the work of others.
Telecommunications giants T-Mobile told the FCC that the processes of some bitcoin miners was causing harmful interference with its internet network.
Unwanted Interference
T-Mobile informed the Federal Communications Commision of interference to its 700 MegaHertz LTE network in Brooklyn. T-Mobile claimed that occupants of a particular house in the area mining bitcoin was responsible for the interference.
As reported by Reuters, after the FCC had thoroughly investigated the matter, it said the culprit was “generating spurious emissions on frequencies assigned to T-Mobile’s broadband network and causing harmful interference.”
FCC Verdict
The FCC’s enforcement bureau said in a letter on February 15 that if the miners fail to desist from using the “Antminer s5 Bitcoin Miner” and other bitcoin mining equipment that interfere with internet networks, would be a violation of the federal law.
Offenders will pay fines, face criminal prosecution and their mining equipment could also be seized.
“You are hereby notified, pursuant to Section 15.5(c) of the commission’s rules, 47 CFR 15.5(c) that the Antminer s5 Bitcoin Miner in use at your residence is causing harmful interference to T-Mobile’s operation in Brooklyn, New York.
Continued operation of this device that causes harmful interference after your receipt of this warning constitutes a violation of the Federal laws cited above and could subject the operator to severe penalties, including, but not limited to, substantial monetary fines, in rem arrest action to seize the offending radio,” the letter stated.
The FCC commissioner, Jessica Rosenworcel in a tweet stated that:
“Okay. This @FCC letter has it all: #bitcoin mining, computing power needed for #blockchain computation and #wireless #broadband interference. It all seems so very 2018.”
While bitcoin mining is a legal act, it becomes a pain to others if its disrupting their own operations. It’s important for crypto investors to desist from activities that are detrimental to the happiness of others in order for us to have a peaceful crypto ecosystem.
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“Bitcoin is a plot twist in a confusing movie”, says Ellen DeGeneres – Crypto Coins Reports

American television host and comedian Ellen DeGeneres said in one of her shows that Bitcoin is a plot twist in a confusing movie.
Bitcoin! why does everyone talk about it and what exactly is it? one must be wondering. Ellen DeGeneres has given an outline about Bitcoin on her Thursdays’ show. She said on her show that she would explain to the best of her ability what Bitcoin is to her audience.
Ellen said during her show that everybody is talking about Bitcoin but nobody understands it. She added that it is parallel to a plot twist in a confusing movie, where you can not really comprehend and your friends profess that they do. She says Bitcoin is like a digital antique road show where you are just standing in line and you have no idea till you get there.
DeGeneres explained with her witty hypothesis, “pretend like Bitcoin is a goat. Now it’s adorable… and you want to pick it up and you want to pet it. But you can’t because it’s not there, it doesn’t exist except for on that internet right there, just like Bitcoin is digital currency.“
DeGeneres elucidated comically that she would rather own a baby goat than having Bitcoin which operates sort of like a stock market.
 
It is a flawless fact that to invest in Bitcoin, you’ll either be a millionaire or you’ll be totally broke.
Ellen was quite right, Bitcoin is known as decentralized currency because the central authority did not issue it as it is digital. Its continuity relies on divergent participants and network of computers.
A tamperproof technology called blockchain which is a public activity log established Bitcoin and the transactions are verified by a process named mining, where participant try to solve a computationally difficult puzzle. The participant who first solves the puzzle gets to place the next block on the blockchain and can claim the rewards.
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NEO ID Layer Utilization: The Valid Project – Crypto Coins Reports

After planning out and launching the Valid project, Procivis AG wants to grasp a higher ground of personal information management.
At the core is a user-controlled digital identity solution allowing people to transact online securely and seamlessly while safeguarding all their sensitive personal data. To add on top of that, in the particular marketplace, users can be connected to data consumers like service-delivering or product companies.
Right now, it has been declared that the digital identity layer of NEO [NEOID] will be implanted on the platform, to develop VALID’s agnostic e-identity layer while a major investor in VALID it is announced NEO Council to be.
Giorgio Zinetti – VALID CTO, when questioned about the NEO-related announcement, added that:
“We believe that blockchain-enabled digital identity solutions need to become a public utility in the future. The underlying infrastructure needs to be able to handle an extensive number of transactions in a cost-efficient way and NEO is already achieving this. However, we need to build a standard that allows projects such as VALID to integrate easily with NEO. Therefore, we look forward to collaborating with the NEO community to establish a respective NEP standard.”
In the same way that many experts see the NEO coin very promising, so does the tech and idea behind it sound in the communities ears. The platform does deliver various advantages when compared to other existing platforms – [example] its Delegated Byzantine Fault Tolerance consensus protocol gives allowance to count up to 1,000 transactions in a second which could be scaled up to 10 times.
Keeping in mind that there are not many blockchain platforms which supports smart contracts, and that the VALID token is for the moment based on ERC 20 standard, the project and team behind VALID is very open to explore other opportunities and with the reasons above mentioned make NeoID looking very promising as a choice.
With the Asian holidays passing by, NEO price is looking very promising it is surging with 6.20 percent gain in the last 24-hours hitting the $137.00 mark. Often referred to as the Chinese Ethereum, Neo has made steady progress over the past three months. It does not have the wild fluctuations that other altcoins experience and is one of the more stable cryptocurrencies.
The community is very active and developer conferences are held often across the world. The launch of a new decentralized NEO and GAS powered exchange called Neon is likely to boost prices further however the project is still in pre-ICO stage.
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Lisk Price Dominating the Market Again: Testing New-Record? – Crypto Coins Reports

When you read that the cryptocurrency values have survived one of the major dips of its history, it brings positivity and confidence to an enthusiast. While the market has entered a recovery-phase with many cracks going on, there are coins that are doing very well.
As it happens very often, during the weekends the leading digital currencies enter a sort of consolidation mode while various lower in market cap altcoins take turns to shine. As it happened during 7-8 of Jan, Lisk [LSK] is performing exceptionally leading with gains of 12.00 percent in the last 24-hours against the US Dollar.

Source: coinmarketcap
Even though the Lisk price is close to its all-time high of $37.80, it remains to be seen if a new record can be set. While the current gain is rather impressive, the previous all-time high earlier this week was rejected pretty quickly. It is evident upward momentum in the cryptocurrency world is hard to come by, especially when it comes to sustaining the price trend for more than a few days
The upward movement that is taking place for almost two weeks now, has brought just slight below 200 percent advantage of the pair LSK/USD. Despite the fact that altcoins usually follow the leaders [in market cap Bitcoin #1] steps of surge or decrease against the US Dollar, LSK is leading the BTC market for 4.26 percent.
Lisk is quickly becoming rather popular in South Korea, by the look of things. LSK Can be traded on the country’s second-largest cryptocurrency exchange in the form of Upbit. Coinegg comes in second place, followed closely by Binance and Bit-Z.
It would be of no-safe gameplay to choose holding the tokens this moment as Lisk might not overcome the record with the above mentioned momentum so partly cashing out is recommended, however the weekend started more interesting than thought for LSK price and the market could surprise us even more
Trade safely and do not overtrade!
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