• Breaking News

    Tuesday, July 31, 2018

    Home Unlabelled Crypto Currency Markets China's third largest bank uses Blockchain to grant $300,000 loan

    Crypto Currency Markets China's third largest bank uses Blockchain to grant $300,000 loan

    July 31, 2018

    Crypto Currency Markets China's third largest bank uses Blockchain to grant $300,000 loan

    China's third largest bank uses Blockchain to grant $300,000 loan

    Posted: 31 Jul 2018 02:58 PM PDT

    SALT LENDING TOKEN: The Nail approaches the Coffin

    Posted: 31 Jul 2018 05:04 PM PDT

    Many months ago I warned crypto enthusiasts to stay away from SALT ERC20 token for what I perceived to glaring problems with their business. Amongst these problems my main concerns lie with:

    1. The CEO. Shawn Owen, Salt's founder is a former restaurant employee and often appeared as a deer in the headlights the very few times he got off his ass to promote the business (by attending a conference for example). I suspected he would quit or exit scam.
    2. The arbitrage (paying Profit and Interest loan payments with SALT at $27.50 retail price credited) was completely unsustainable.
    3. The free falling token price which no one at salt seemed to care anything at all about (given their silence amidst a lot of FUD type news).
    4. The complete lack of communication. In fact, Salt cut off ALL forms of communication with the community of token holders and for about 6 months has kept them in the dark.

    Fast foward to today and my predictions are all coming true and address the points above shall we?

    1. Shawn Owen abruptly QUIT the project. CEO/Founder gone. Without any explanation by him or the new "CEO". He just vanished. Do you find this odd? You should.
    2. Profit and Interest advantage of using SALT at retail price has been taken away. No more arbitrage. In fact, no more use of the token whatsoever. Ok this was the only edge that SALT had over competitors but what on earth is the use case for the SALT token right now? There is none. Why would anyone need or want SALT. The company is silent.
    3. The token price has plummeted from nearly 3$ to when I wrote the original piece to just 86 cents as I write this today. The cavalier attitude of silence that SALT leadership has had over the last 6-7 months is not only disturbing but it simply isn't the course of action that a healthy company with little to fear would ever make. Company spokesmen in SALT's position (if they were healthy) would be clamoring to go on CNBC and other shows like you tuber's, etc to show the world what they had! But when you don't have anything, or when you company is sick or exit scamming, you're a lot more likely to disappear. Use your heads here folks, please. Also please note that CNBC's @cryptomanran Rand Neuer offered SALT just the other day to appear on his show! No answer with the exception of one telegram shill named Deedle who offered to speak to CNBC on behalf of SALT. (more on this later).
    4. SALT continues to remain silent on nearly everything with the exception of terse statements put out in the following 2 days by the CEO, and Caleb Slade writing what seems to be nothing more than a kicking of the can down the road. The most useless releases I've ever seen from any company leaders, ever. Don't believe me, just read for yourself and tell me what you see: https://blog.saltlending.com/honored-but-not-distracted-3345a03d98d5 , and https://blog.saltlending.com/to-the-salt-community-d278c0231265 sure on the surface these may sound 'ok', but is this the way real business leaders speak? Where's the beef? Generalities with absolutely no substance! Remarks like "As the 1st mover in this industry, SALT has the responsibility and privilege to lead without a map." Huh? BTW Caleb Slade is a musician American Idol wannabe turned businessman.

    Now I'm going to go into FULL SPECULATION MODE here. Before you take my advice, I implore you to examine the facts and look at the evidence. I firmly believe that SALT has given me a great case to form some pretty strong opinions. I sincerely HOPE that I'm very wrong. If I am, I am. But so far I've been right and I'm sounding the alarm this one last time on what I think is a colossal fraud. Here's what I see:

    SALT was founded by 2 restaurant workers who had an interest in bitcoin. Shawn Owen and Caleb Slade. Sean was the nerdy guy who could throw on a suit and a pair of glasses and look trustable. He professed to be an early adopter to Bitcoin and wanted a way to dip into his crypto assets without being taxed, hence SALT was born. Sean liked his Colorado USA lifestyle, so while many serious crypto advocates were taking their businesses offshore from the communist USA Sean hunkered down and boldly did an ICO from the states. Bad move. With this could/would come lots of scrutiny. Anyway, Shawn needed help but who could he hire? Well look no further than Caleb Slade, an aspiring singer/songwriter who was paying his bills likely shaking cocktails at one of the restaurants Sean managed. And an alliance was born.

    With Shawn Owen as the nerdy trustable frontman for SALT, the duo quickly found out just how easy it was to garner attention and support. The money they needed for their half baked crypto loan idea would be done in the form of the new craze: The ICO. And before you could say SALT SUCKS - both Shawn and Caleb where knee deep in ETH. With notables like Eric Voorhees on their official team, and Teeka Tiwari recommending SALT to his many tens of thousands of subscribers - the two restaurant workers had made it. And made it fast! They'd never have to sling drinks for pretentious millennial douche bags ever again.

    What I think happened next is that money started to be burned through. You see, according to SALT job listings that I was monitoring several months ago. SALT's largest numbers of postitions to fill was that of Traders, Brokers, and portfolio managers. It was here that I was a little confused, because I thought SALT was looking to pair lenders with borrowers using their "automated platform" to seamlessly facilitate fully collateralized loans. There were no job openings for programmers or developers. Ok great, so the platform must be built right? I mean all they needed were a bunch of hedge fund types not programmers so where where on earth was this automated platform? It never was!

    NO AUTOMATED PLATFORM

    You see, when I emailed SALT employees asking questions about the automated platform I was told that many things by law must still be done manually to comply with 'stringent regulations'. Umm ok? So basically there was no automated platform, and if there was, they claimed they couldn't use it -- so they were keeping track of loans and possible margin calls on what paper and random ETH and BTC wallets? Can you imagine?

    PAID SHILLS SHILLING SALT 24/7 "UNOFFICIALLY" OF COURSE

    Meanwhile in the 'unofficial telegram' there was a cast of die hard loyalists surfacing but this group was suspiciously more loyal to this particular project than any other telegram group I had ever been around. There is "Dr Todd" (sounds nice and trustable right? lol ), there's Deedle, Justin (Elite Mining), Mr Burns (now MIA), and a few others not worth mentioning here. The real culprits are the first 3. The odd thing about this crew is that they were in SALT's room 24/7 rain or shine. No matter how much shit people came in to throw at SALT and complain (usually about the zero communication by SALT), these guys were always there, no matter the time of day or night, usually patiently to steer the convo, talk someone down for the ledge and then repeat what SALT has been saying to their investors for over 7 months now: SOON, SOON, Coming Soon... Be Patient be Patient you won't regret it. These shills were DEDICATED! Countless mentions went around the telegram that SALT had 70 employees. Then 100! This was repeated over and over as proof that SALT was legit. The telegram shills claim that this was all verified by them but they offered no hard proof just said trust us. (The ones I mentioned claimed to have insider access to the higher ups at SALT). All I kept wondering was wow, with 100 employees, what in the fuck are any of them doing?

    100 SALT EMPLOYEES DOING NOTHING?

    So now, I think it's safe to say, that despite the alleged 100 employees, that no progress was being made. In fact: here is a list of SALT's current job openings per their website today which only loaded past the bad gatewayafter my 3rd attempt ): https://saltlending.com/careers Does this look like a company that's got any of its ducks in a row? They need heads/directors of nearly every department. Very very suspicious. It also enables them to say, well of course we are behind a bit we don't have heads of any department yet! Give us more time!

    ALL WE NEED IS TIME

    And I guess that's a big theme here. "More Time". All any of us really have is time. It's a precious commodity. And scammers and criminals know that if they can just buy a little more time then maybe, just maybe , it will all go away and the facts be muddied by the laps of the hour hand around and around. Maybe in time, the ones we (the criminals) fear most will find there are bigger more sinister and more criminal fish to fry.... hopefully with TIME we can get away with this. But I digress...

    Back to Shawn Owen. I suspect that Shawn was either running the company into the ground, stealing the company funds early or just such an incompetent that others were stealing from the company treasure trove behind his back. Maybe a combination of all of the above. I can't say for sure. All I know is that something is really really rotten here and really needs to be investigated.

    PUTTING THE EVIDENCE OF THE SCAM ALL TOGETHER

    When I piece together the contrived hard core shilling that is going on in the telegram chat - day after day after day after month after month. I have to say that I firmly believe that this is no innocent mishap or group of inept lames here, but a concerted effort of Shawn Owen, and others - including DEEDLE, DR TODD, JUSTIN (ELITE MINING) to run away with many millions of dollars. Sound crazy? Think again.

    THE MISDIRECTION - "LOOK WE HELP KIDS!"

    For months in early 2018 the only thing SALT would ever update their community with despite ALL their growing concerns was little blip pieces like this: https://bitcoinmagazine.com/articles/new-salt-bridge-foundation-reaches-out-worlds-unbanked/#1526357551 So, instead of righting their ship and getting their shit together and clearly communicating with the token holders and getting the company right SALT was instead on a mission to bank the unbanked? HUH??? SALT said: " The mission of the SALT Bridge Foundation is to use blockchain technology and cryptocurrency education and lending services to financially empower those without banking services in the developing world." So now SALT lending was an educator of blockchain to the developing world? WHHHAAT? This is a classic misdirection teqnique of scammers folks, and not a very good one at that. Rather insulting if you ask me, since they didn't mix this news in with at least some positive 'business' news.

    DEEDLE SHILL HAS A NON PROFIT IN COSTA RICA - (convenient for money laundering)

    After doing a little bit of research I found that Deedle, lived in Costa Rica and ran a non-profit there for 'underprivileged youth'. Come on. You got to be kidding me. The same guy who was shilling so hard in telegram day after day just so coincidentally runs a youth charity south of the border? And SALT just so happens, despite all their failings and hires that need to be hired, and loans that need to be made and jurisdiction that need to be opened, just so happen to be dedicating their time and resources and then blogs to 'underprivileged youth' and banking them? You can't make this shit up you really can't. Then they went and made DEEDLE a "community ambassador". This is how i got his info and linkedin and did the research on his charity. I can't find him on the site any longer, I wonder why? lol.

    IN CLOSING: SALT THE SCAM - IN A NUTSHELL

    So, I suspect that Shawn Owen made off with a LOOT. Was this a scam from the very beginning? Not sure. But I do strongly suspect that a lot of Stolen SALT ICO $$ has been laundered directly through Deedle's supposed charity in Costa Rica (according to his Linkedin this is where it's at). And that SALT super-shills: Dr Todd, Justin Elite mining are also complicit in some way in this scam. It's very very clear to me that something illicit is going on here. The fact that the Salt shut down all 'official' communication channels but then this torch bearing group of mighty SALT supporters rose from the ashes to defend it tooth and nail.... yah that's not suspicious right? I'm telling you, that these guys are much more than just bag holders. Do the math and use your heads. They are all part of the scam. And for all we know- one of these telegram super shills might be Shawn Owen himself under some alias putting up the front while he buries his stolen ETH/BTC etc deep in many wallets around the earth and commits long passphrase to memory in case he goes to jail. Hey, he's had the time to get this down cold.

    How much was stolen from SALT I have no idea. But I wouldn't be surprised if they become insolvent and the token goes to zero. Right now, it's certainly not looking good for them. And all they keep doing is kicking the can down the road a bit in an effort to gain more TIME.

    I have asked the SEC to look into them and would ask that if this article resonates with anyone that read it that you not only repost it wherever you want- but that you reach out to the appropriate US authorities to look into this. Again, I hope that I'm wrong about this. I do not own any SALT. Save your breath about calling me SALTY and go back in my posts to see where I sold. I sold at a profit and the only one I have an axe to burn with - is the SALT executive lames - The rest of you crypto bastards I love, and God Bless.

    submitted by /u/NachoKong
    [link] [comments]

    Swiss Bank Profits Surge 44% After Adding Bitcoin Trading!

    Posted: 31 Jul 2018 06:30 AM PDT

    Ethereum’s Vitalik Buterin: We’re at the Tail End of a Crypto Bubble

    Posted: 31 Jul 2018 02:49 PM PDT

    Chile to enjoy Ethereum, Bitcoin, Stellar transactions at over 5,000 stores as Cryptomkt partnered Flow

    Posted: 31 Jul 2018 04:51 AM PDT

    Venmo Exposes User Transaction History, Shows Need for Usable Private Cryptocurrency

    Posted: 31 Jul 2018 11:01 AM PDT

    Asura is working on better paltform for Esport industry. Softcap has already reached. Less than 24 hours left to Contribute to the Asura Crowsale

    Posted: 31 Jul 2018 08:19 PM PDT

    Cryptocurrency Bank goes public after losing $134 Million in Q1

    Posted: 31 Jul 2018 02:56 AM PDT

    Crypto scam. Beware

    Posted: 31 Jul 2018 03:05 PM PDT

    Ripple quarterly report shows Malta,“not South Korea is now the leading trader of XRP”

    Posted: 31 Jul 2018 10:27 PM PDT

    Swissquote receives high profit after offering clients Crypto Investing

    Posted: 31 Jul 2018 10:22 PM PDT

    $16 billion up in smoke: Bitcoin dragging the market down, EOS loses close to 11%

    Posted: 31 Jul 2018 07:16 AM PDT

    5 Warning Signs You Might Be Over-Invested in Cryptocurrency

    Posted: 31 Jul 2018 09:44 PM PDT

    Month End - A Closer Look (August)

    Posted: 31 Jul 2018 03:35 PM PDT

    Lets recap a few coins that are worth buying the dip.

    Some things to keep in mind is that there is lots of speculation that is currently happening due to the Bitcoin ETF. We are going to look at a few coins including bitcoin. Something to keep in mind, is that this ETF will continuous strengthen BTC dominance in the overall market. Lets relate this back to time when BTC started strengthening it's dominance.

    -
    -

    -
    -

    I'm going to use June 1, 2017 to October 7, 2017 as an example.

    Here is two articles that gives you a quick scope at what was going around that time span:

    -
    -

    -
    -

    So why are we looking into this time span? If you read the articles, it covers events that occured from ETF being rejected, China allowing withdrawals, Goldman Sachs exploring bitcoin. You see the similarities right? Now, we are not going to sit here and measure patterns and lines, because we know that is total horse shit. However, pay attention to the bitcoin dominance. Because these two dates show the start of BTC dominance increasing and there were similar events happening at that time; we can get a grasp of what the market behaves like in situations like this.
    -
    -

    Lets head over and check some historical price and % snapshots:

    -
    -

    These coins have gained momentum on those timestamps, however do not use them just yet. I crossed them out because they are not the end-result. Lets filter these coins:

    BTC

    ETH

    XRP

    LTC

    ETC

    DASH

    NEO

    XLM

    ZEC

    BAT

    So how do we filter them? Well lets use the good ol' buy the dip! What do we have that fell nearly close to Oct 7th, 2017 prices, yet is actually be used as a product outside of these markets. You might be wondering why I said "nearly close to Oct 7th, 2017". We have come a long way, and if you read the scope articles, you would understand that the current state of the market has much more volume then it had in October of 2017. Your support price line will not be placed on that date, but it gives you a better understanding of what is closer to the "bottom".

    So what was my correlated dip buys after filtering the list above. Here it is:

    • DASH
    • BAT
    • XMR
    • XLM
    • ZEC
    • NEO
    • BTC
    • ETH
    • LTC

    Here are some that were not in the correlated dips, however have fell below long term valuation it's held:

    • ZRX
    • ICX
    • BCH

    This is not advice, this is just to give you a good understanding of how to go about the next month (August) markets and to give you a better understanding on what to look for and how to proceed. These are the picks I came up with, however everyones risk tolerance and due diligence procedure is different, so you might use this but come up with other coins. I like to choose coins that have a use and maintain steady volume. Enjoy you hungry bastards!

    submitted by /u/mmm-ewww
    [link] [comments]

    Dharma Community Update: 30 July 2018 - QuickLine Is Live On Ethereum Mainnet

    Posted: 31 Jul 2018 09:11 PM PDT

    Why has nobody tried to anonymously found a crypto protocol? Bitcoin is the only crypto project run by a community.

    Posted: 31 Jul 2018 09:10 PM PDT

    Asura is working on better paltform for Esport industry. Softcap has already reached. Less than 24 hours left to Contribute to the Asura Crowsale

    Posted: 31 Jul 2018 08:59 PM PDT

    Who is Jeff Horowitz? Coinbase's new chief compliance officer

    Posted: 31 Jul 2018 05:42 AM PDT

    Music Festival Adopts Crypto Payments

    Posted: 31 Jul 2018 05:37 AM PDT

    TronWallet is available for download at Google PlayStore

    Posted: 31 Jul 2018 07:57 PM PDT

    Cashbery Coin is an internal transactional instrument of the new generation.

    Posted: 31 Jul 2018 07:54 PM PDT

    Cashbery Coin is an internal transactional instrument of the new generation.

    Another reason to choose Cashbery Coin is the huge support from the community. In just two months, more than 85,000 people became the holders of our coin. This not only addresses the trust of the community but also significantly affects the volatility, value, and decentralization of the CBC. The more the coin is distributed, the less the network participants can affect its rate.

    At the same time, we are talking only about the Russian community. In the nearest future, we will enter several foreign markets!

    https://btc-alpha.com/exchange/CBC_USD/ https://cashberycoin.com/ https://twitter.com/cashberycoin https://www.facebook.com/cashberycoin.en/

    https://i.redd.it/l7d0oum9ced11.png

    submitted by /u/criptman
    [link] [comments]

    Binance CEO Changpeng Zhao (CZ) says that in the future decentralised crypto exchanges will overtake centralised ones, talks about Binance and blockchain regulations in Korea & Malta

    Posted: 31 Jul 2018 07:18 AM PDT

    Zcash Advances Zero Knowledge Proofs

    Posted: 31 Jul 2018 06:08 AM PDT

    Binance bags Trust Wallet in first acquisition: “Now we have the best of both worlds”

    Posted: 31 Jul 2018 01:21 PM PDT

    Crypto mining mogul Bitmain raises $1 bn from tech giant Tencent, others

    Posted: 31 Jul 2018 09:27 AM PDT
    Read more
    at

    No comments:

    Post a Comment