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Topics - Fenix

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Now the entire civilized world has united in an effort to help Ukraine, which since February 24 has been subjected to large-scale military aggression by the Russian Federation. Unprecedented "hellish" sanctions are being introduced against the aggressor country, which in the near future can turn a powerful country into one that will no longer exert its former influence on the world stage.

So, today you can already see the consequences of such sanctions:

- stocks of Russian companies collapsed; as a result, the owners of the largest enterprises lost tens of billions of dollars in a few days.

- soared the dollar; The Russian ruble has become the most unstable (volatile) currency in the world. At the same time, the situation with the exchange rate continues to deteriorate.

- the banking sector suffered. Due to the shutdown of foreign software, the blocking of correspondent accounts and bank assets abroad, large-scale problems began with the banking system.

- investments are curtailed. Russia is turning into a pariah country, with which it is not accepted, and in some cases even forbidden, to cooperate. The aggressor country lost the opportunity not only to attract loans from abroad, but also lost foreign investment.

- due to even a partial shutdown, SWIFT can paralyze the export-import of the Russian Federation for some time.

What will be the forecasts for the state of the Russian economy in the near future and how will this affect the circulation of cryptocurrency in Russia?

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General Discussion / Putin launched a full-scale war against Ukraine
« on: February 24, 2022, 07:53:52 AM »
Today at 4:30 am Putin gave the order to attack Ukraine. The attack occurred not only from the borders of Russia, but also of Belarus. Explosions are heard in many cities of Ukraine, airfields are burning. The armed forces of Ukraine entered the battle. There are already reports of five downed Russian military aircraft and a helicopter, two tanks and other military equipment shot down.
Putin has gone mad by starting a war in the center of Europe. It will not be easy for him and he will surely fail.
The cryptocurrency market went down sharply.

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Bitcoin's dominance has gradually declined in recent months and now stands at just over 40 percent. This enabled altcoins to rise in value. At the same time, ethereum's dominance has grown to 20 percent during this time. A little more and the dominance of these two coins can equalize.
 If this happens, how could this affect the cryptocurrency market, as well as bitcoin and ethereum? Will dual power in terms of dominance be more useful for cryptocurrencies than the current monopoly dominance of Bitcoin? How will altcoins behave if bitcoin and ethereum show conflicting price movements?

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Stable Coins Forum / The difficulties of starting with DIEM
« on: January 11, 2021, 06:30:50 AM »
The stablecoin Libra, already with the new name DIEM, which is Latin for "day", has problems with launch again. This month, it was finally planned to be released after receiving the necessary permits from the Swiss regulators. However, the problem appeared of a completely different kind. For some time now, there has been a company in England called DIEM, which also operates in the digital asset market and intends to protect its copyright in this name.
Link to an article about it.
https://cointelegraph.com/news/new-name-old-problems-libra-s-rebrand-to-diem-still-faces-challenges

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Cryptocurrency discussions / New type of ICO team fraud
« on: November 11, 2018, 04:03:54 PM »
The ICO teams are now applying to bounty hunters a new form of fraud, with which something needs to be done - this is an unspecified earlier test of KYC after the end of the ICO.

As a lawyer, I can say that the conditions for joining the ICO generosity campaign are in fact one of the types of contracts with so-called implicit, that is, silent actions. The fact that we further fill out their form of accession means that we have agreed to their terms of the contract.

In any contract there are so-called essential terms of the contract, which must always be specified. If at least one of them is not specified, the agreement on the decision of the court may be invalidated. The contract price, that is, the amount payable to bounty hunters, is one of the essential conditions of the contract and must be clearly stated. If it can change, it should be indicated in what cases and by how much. Otherwise, such a contract will be invalid. If in the terms of accession it is only generally indicated that any conditions may be changed, then such a piece of paper cannot be recognized as a contract and will in any case be illegal.

If the contract is made and executed, one of the parties is not entitled to declare additional substantial payment terms that were not previously agreed

In this case, this should be considered an ordinary fraud, and the ICO team should bear the material, and in the case of the intention of such actions, the criminal liability for fraud, that is, the seizure of another's property by deception or abuse of trust.

What do you think we need to do in this case with such fraud?

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