A US judge from a federal court in New York has ordered Nicholas Gelfman and his cryptocurrency hedge fund Gelfman Blueprint Inc. (GBI) to pay $2.5 million in civil penalties and restitution, Commodity Futures Trading Commission (CFTC) said on Thursday. Justice P. Kevin Castel accepted CFTC charges of fraud, misappropriation and the issuance of false Bitcoin investment reports to unsuspecting investors after a court battle that lasted more than a year.

The Commission’s Virtual Currency Task Force led the investigation against GBI and Gelfman.

“The CFTC cautions that orders requiring repayment of funds to victims may not result in the recovery of any money lost because the wrongdoers may not have sufficient funds or asset...


Read more: https://cryptovest.com/news/bitcoin-btc-ponzi-scheme-to-pay-25m-in-penalties-orders-us-court/?utm_source=Investing.com&utm_medium=PartnerFeeds

A U.S.-based jewelry store is joining a growing and long list of retailers who are accepting cryptocurrency to pay for goods.

If the crypto industry has been good to you and you’re in the market for something shiny, then you’re in luck. According to a press release, Marks Jewelers is the latest retailer to accept cryptocurrency as a payment. The US-based jewelry store’s wide range of beautiful diamonds and timepieces will most likely have you parting with your crypto in no time at all.



Reaching More Customers Around the Globe
By collaborating with Shopping Cart Elite, an e-commerce platform, Marks Jewelers will be able to accept Bitcoin Diamond (BCD), Bitcoin Cash (BCH), Bitcoin (BTC), Bitcoin Gold (BTG), Dash, Ethereum (ETH), Litecoin (LTC) and Zcoin (XZC).

The Director of Marketing for the jewelers, Joshua Rubin, spoke about his excitement for this new venture and how it will impact the company:

We’re very excited to begin accepting cryptocurrency payments from our customers around the world. This will allow us to make our fine jewelry available to the global market while paying lower fees and avoiding chargebacks. Marks has long been known for our meticulous craftsmanship and curated selection, and we are thrilled to open our store to the world.

While convenience and customer-base expansion are obvious benefits for the company, their clients may also experience discounted rates. This is because the savings that Marks Jewelers will enjoy, such as lack of currency conversion fees and reduced transaction costs, could translate into more affordable product prices for their customers.



Cryptocurrency Acceptance Continues to Grow
While perhaps the latest, Marks Jewelers is by no means that only retailer that is accepting virtual currencies as payment. Overstock saw the crypto light back in 2014 when they began accepting Bitcoin and its brethren. Live Bitcoin News also reported on a Texas-based luxury vehicle dealership that began accepting crypto as well as another U.S.-based car dealership that recently sold a car completely paid for in Dash.

However, if you really want to up the ante and buy your own yacht or even the ever-popular Bitcoin status symbol, a Lambo, then sites like the Dadiani Syndicate were made for you. With these platforms, bridging the divide between virtual wealth and tangible luxury assets is getting easier and easier.

So, the moral of the story is that you don’t have to let your lack of fiat stop you from popping the big question or buying that priceless work of art. Just find a platform that can accept your crypto and treat yo’ self.




Source: https://www.livebitcoinnews.com/u-s-jewelry-store-latest-retailer-to-accept-cryptocurrency-as-payment/

Please help me to know more about this Forum

Karma is giving it to you if have a quality post, but only senior member can give it to you, and karma you can convert it to alts but karma it is not really important  in this forum,unlike other forum they required for your rank.

Agree ako sayo kabayan na may lakas ng loob ka na sabihin ito sa mod natin dito, kasi last na post ko dito hindi pa ganito ka higpit sa forum nato at halos lahat may respeto sa isat-isa at nag tulong tulongan, nalulungkot lang ako bakit kailangan ipagtabuyan ang ating mga kababayan dito at palipatin sa ibang forum parang ang bastos naman ata nun.

Pansinin mo ngayon kabayan kung sino nag popost sa off-topic ---- https://www.altcoinstalks.com/index.php?topic=58875.0
wala ng mga kapwa mo nag popost doon.

I wrote 10 posts ,and counted only 2...

Well, if this kind of posts you always post bro it will not count as a post, try make 80 to 100  characters and the distance time of you post is 2 to 3 minutes don't make it fast like you post 2 in single minutes.

Since I joined this forum I did not invest even small amount, because before we think to invest in crypto we should analyze how it works and how to play to the market.

Quote from: fgg57fg7 on October 03, 2018, 12:01:54 AM

excited aq magpost dto dhl sa aq ay baguhan. Marami aqng  nabbsa at my konti na rin aqng natutunan dtosa forum na ito ..ty po

Basta magbasa ka muna kahit sa beginners section https://www.altcoinstalks.com/index.php?board=59.0 o kung di ka masyadong nakakaintindi ng english, mag tanong ka lang dito sa ating local board

Nakakalungkot naman at parang biglang humigpit dito sa off-topic!! wag naman sana tayo ganyan sa mga kapwa natin, kung may pagkakamali man natutunan din yan, tandaan natin walang perpektong tao kahit si adan at si adan at eva ay nagkasala din.

Dahil malaki ang potential ang forum na ito na maging kagaya kay bct, dahil nga mas user friendly at comportable ako dito dahil hindi masyado strick ang forum na ito.

Kaya nga kabayan, nag try din ako mag create ng account doon sa kabila pero hndi kuna tinuloy may bayad man didto uy. perting higpita ba.