Coin Sheet - October 25, 2017


Whatever you can do or dream you can, begin it. Boldness has genius, power, and magic in it.” 

—Johann Wolfgang von Goethe.


Vaultoro Withdraws from New York Agreement

Bitcoin and allocated gold order book exchange Vaultoro has withdrawn support for the New York Agreement (NYA), citing the absence of opt-out replay protection from the proposed SegWit2x hard fork.

"What replay protection essentially does is help computers on the network distinguish between the two different versions of bitcoin, more or less separating them into two distinct cryptocurrencies. Without replay protection, an attacker can broadcast a transaction on multiple blockchains, potentially stealing money from an unsuspecting user."

The New York agreement was a Bitcoin scaling agreement which you can read more about here.

You can read more about this here.

Fake Poloniex Cryptocurrency Trading Apps On Google Store

According to CoinDesk, Security researchers have discovered at least three fraudulent apps on the Google Play store purportedly tied to the Poloniex cryptocurrency exchange.

Be careful out there kids.


 "He's not the hero we want, he's the hero we need."

"He's not the hero we want, he's the hero we need."

Bitcoin Used for Trade-Based Money Laundering

CoinDesk reports that the U.S. Drug Enforcement Administration (DEA) claims that bitcoin is being used to facilitate trade-based money laundering (TBML) schemes.

The DEA wrote:

"...many China-based firms manufacturing goods used in [trade-based money laundering] schemes now prefer to accept bitcoin. Bitcoin is widely popular in China because it can be used to anonymously transfer value overseas, circumventing China's capital controls."

You can read more about this here.

What Else Is Going On?


Top 5 Ways How to Lose a Key to Your Wallet

Listen to Vladimir, Vladimir is smart.

TL;DR - 

  1. Throwing out a USB flash drive or hard drive. 
  2. Losing access to the password.
  3. Losing a piece of paper with a password.
  4. Forgetting the wallet code.
  5. An accident. 

You can read his full article here.


Technical Signals

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My Current Sentiment: Neutral.

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