Posts Tagged ‘block chain’

What is Bitcoin Trading- A complete Guide

Friday, January 22nd, 2021

What is Bitcoin

Bitcoin created in January 2009 as a digital currency by a mysterious person named Satoshi Nakamoto.
It is used for online payment mechanisms under decentralized authority.

Bitcoin has no physical appearance, but all the transactions done are verified by a massive amount of computing power. It is not available in any bank or government and not valuable as commodity or equity, but it always on high in the list of cryptocurrencies and triggers the launch of substantial virtual currencies.

Bitcoin is used as a mode of payment for sale and service.

You can do trading in this digital currency and create high benefits or profits on your investment. Let's discuss step by step how to trade in Bitcoin amd other digital currencies.

Bitcoin Trading

Trading simply means, to buy something at a low price and sell at high in the market.

Bitcoin trading is also the same to buy the Bitcoin at low and sell at a high price, as we talk about the cost of Bitcoin, There is no single price of Bitcoin in the global market.

The value of the it determines by the people engage in it. But you have to understand the volatility (ups and downs) in Bitcoin trading.

Before you start trading in Bitcoin, you must be aware of how it works. It works on Blockchain technology .

First, you have opened a trading account in a regulated digital currency platform. Nowadays, there are many regulated platforms available in the market; some of the famous are Binance, Bitstamp, Coinbase, Kraken, and Shapeshift.

You can start trading after opening your trading account, and they will charge a small fee for the services they are providing. The beauty of this digital currency is that you do not need to buy the whole Bitcoin to start trading. You can begin by purchasing the smallest part of it named “Satoshi”(0.00000001BTC) and get familiar with the process of trading.

You can purchase it from any currency in the world, and Try to enter at a low level of Bitcoin and hold it for some duration and try to sell at a good margin. The exchange only charges their necessary fees, as there is no central authority involved in it.

You can also buy other Crypto currencies in the exchange of it, as it is legal by a decentralized authority.

Suppose you have 0.0001 Bitcoin, and you want to purchase Ether. You can transfer your Bitcoin in Ether online with the permission of where your account has opened.

After done with trading with it, you can without or cash your Bitcoin in your currency.

By paying a small fee, you can transfer it to your account. The process of transfer this to your account might take some time. We advise you to be careful at the time of trading, the amount you enter to purchase and bid for the sale. People make mistakes in it very commonly.

You have made some margin between the profit as you have to some fee for a trading account and the withdrawal of money.

Read more about <a website to buy bitcoin in india and <a website to invest in Bitcoin at itscryptonews.com, one of the best website for crypto cureency updates.

Instagram influencer and glamorous barmaid risks losing luxury cars

Tuesday, January 19th, 2021

An Instagram influencer and barmaid risk being stripped of luxury cars and thousands of dollars given to them by an ex-boyfriend accused of laundering money.

Tori Maddison Preiss, 25, and 24-year-old Kaori Celine Nakase previously dated a man purported to have a $10million Bitcoin fortune.

That man, Benjamin Thomas Nelson, is being investigated by the Queensland Crime and Corruption Commission, who allege he is a money launderer. 

Both women face losing assets provided by Mr Nelson, in a case brought before the Queensland Supreme Court by the CCC, the <a style="font-weight: bold;" class="class" rel="nofollow noreferrer noopener" target="_blank" website reported.   

Tori Maddison Preiss (pictured) risks losing a luxury car and having cash in bank accounts frozen after they were allegedly provided by an ex-boyfriend accused of money laundering

Tori Maddison Preiss (pictured) risks losing a luxury car and having cash in bank accounts frozen after they were allegedly provided by an ex-boyfriend accused of money laundering

Tori Maddison Preiss (pictured) risks losing a luxury car and having cash in bank accounts frozen after they were allegedly provided by an ex-boyfriend accused of money laundering 

Ms Preiss (pictured) has not been charged with any criminal offence but is alleged to have held assets which belong to Benjamin Thomas Nelson

Ms Preiss (pictured) has not been charged with any criminal offence but is alleged to have held assets which belong to Benjamin Thomas Nelson

Ms Preiss (pictured) has not been charged with any criminal offence but is alleged to have held assets which belong to Benjamin Thomas Nelson 

The CCC are attempting to remove assets from Mr Nelson and his associates, under laws aimed at removing assets from alleged criminals prior to a criminal conviction being recorded. 

The CCC alleges Ms Preiss’ $75,000 Audi A5 cabriolet was purchased using ‘dirty’ Bitcoin money.

The money is suspected to have come from illegal activity, such as drug sales, with Ms Preiss, an Instagram influencer, at risk of losing the car.  

Four bank accounts in Ms Preiss’ name face being frozen, including a $100,000 term deposit and an account which had $220,000 transferred from a Bitcoin account.

Ms Preiss, who has been named as an interested party in the case, has not been charged with any criminal offence.

However, she is alleged to have held assets which belong to Mr Nelson. 

The CCC alleges a $637,800 Lamborghini Huracan registered in the name of Ms Nakase, a former bartender, and purchased using Bitcoins in October 2019 was paid for with laundered money.

The car, bank accounts containing more than $140,000, several Bitcoin accounts and a Gold Coast home are ‘tainted property’, CCC Proceeds of Crime director Sharon Raabe alleges in her affidavit.

Kaori Celine Nakase (pictured) jointly owns a house with Mr Nelson, which was allegedly purchased outright 'using a deliberately complex series of transactions'

Kaori Celine Nakase (pictured) jointly owns a house with Mr Nelson, which was allegedly purchased outright 'using a deliberately complex series of transactions'

Kaori Celine Nakase (pictured) jointly owns a house with Mr Nelson, which was allegedly purchased outright ‘using a deliberately complex series of transactions’

A $637,000 Lamborghini Huracan (pictured) registered in Ms Nakase's name was allegedly purchased using laundered money

A $637,000 Lamborghini Huracan (pictured) registered in Ms Nakase's name was allegedly purchased using laundered money

A $637,000 Lamborghini Huracan (pictured) registered in Ms Nakase’s name was allegedly purchased using laundered money

The $745,000 four-bedroom home in Pimpama, jointly owned by Mr Nelson and Ms Nakase, was purchased outright ‘using a deliberately complex series of transactions’ to avoid detection by authorities, the CCC alleges. 

The home has currently been restrained under proceeds of crime laws.  

Queensland Supreme Court Justice Frances Williams on Thursday ordered Mr Nelson to provide details of his assets of $5000 he now owns and has owned in the past six years.

Ms Nakase also has to give details of assets of $5000 or more.   

The CCC told the court Mr Nelson made statements that he never wanted certain assets in his name as ‘he was worried the police would know’. 

The case continues on Friday.  

In June last year, Ms Nakase pleaded guilty to two counts of perverting the course of justice, two counts of possessing property suspected of being the proceeds of a drug offence and one count of driving with a drug in her system. 

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