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Bitcoin is the first ever cryptocurrency and is famous for its rapid value highs. The currency which first came in 2009 is trading at $7292.20 at the time of writing, which means an investment of $100 made in 2010 would make you a multimillionaire now. Many people still have no idea how to invest in bitcoin investment. Although you have missed the first chance, it’s never too late. You’ve still got the chance.

Bitcoin has got the support of some distinguished business tycoons such as Bill Gates, Elon Musk, etc. and is being widely accepted by the business giants like Amazon, Microsoft, Overstock, and Subway as a method of payment.

Where Bitcoin has helped business by introducing an entirely new method of payment, it’s price-spikes have outrageously helped common folk turn around their life.

There are countless stories where someone invested few bucks of their savings into Bitcoin and the next thing they know, they are worth millions.

Here we are going to reveal the incredible story of a teenager – Erik Finman – who put $1,000 of his pocket money into Bitcoin and made over $100,000 within a year.

Idaho Teen Makes $100,000 From The Best Bitcoin Investment:

Erik Finman, 15, from Idaho made a well-timed investment of $1,000 in 2012 which earned him an astonishing amount of $100,000. He later found an education startup from it.

Erik took $1,000 he got as a gift from his grandma and put it in bitcoin in 2012. After holding his bitcoins for one year, he sold them for $100,000.

Finman then chose to reinvest his profit into, an online video tutorial service that “gives students and teachers access to an array of resources that simply don’t exist in a typical classroom setting”, as indicated by its authority website. Notably, Finman pays his employees in BTC.

He stated: “I’m more than certain that Bitcoin will become even more valuable in the upcoming years. It’s like the internet in the ‘90s.”

He proceeded by saying that he collected more bitcoins “so I can win against my brother in what was a battle of ‘who got more bitcoins’”, including that he initially found out about Bitcoin in 2010.Luckily for Finman, he sold his reserve of bitcoins when the cost floated around $1,200 per bitcoin. Though business people will be unable to imitate Finman’s success, they can learn from the individuals who have entered the business through more conventional in-roads.

List of trusted bitcoin investment sites:


UnoCoin (For Indians)




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Bitcoin Users Buckle-up! Segregated Witness Will Activate on Bitcoin

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It’s Official!

Looks like Bitcoin’s three-year civil war is finally nearing its end now that SegWit has locked-in. However, it won’t officially lock-in until tomorrow, once the signaling period has ended. The network will transition into a “buffer week” for a few weeks where users and miners will be given the opportunity to upgrade their software. Seemingly, after August 21, SegWit will activate and miners will begin to reject blocks that do not support this change.

Segregated Witness was first proposed in December 2015, by Bitcoin developer Pieter Wuille. SegWit is expected to fit in more number of transactions in each 1MB block thus reducing the congestion on the network. This has been a conflict within the bitcoin community for quite a long time but it appears to be finally resolved.

Also, other communities like Litecoin activated SegWit last spring.


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How To Get Registered With FINtrac?

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Every business needs an identity. A secure platform for business transactions. Accordingly, It needs a complete registration. Following are few steps of registration:

  • You have to complete the pre-registration form. Where you need to submit your business information, either it is a corporation, sole proprietor, or partnership based business.

While, after the completion of pre-registration form, the company will contact you within 5 days with ID and password.

  • You need to sign in MSB registration system with ID and password provided by the company. (MSB registration is a system where business is described by the owner that transmits or converts money).
  • MSB registration includes 4 sections: home page, navigation through MSG registration form, submitting your form to FINtrac and you will receive notification messages, definition, etc.
  • After the submission of the MSB form, you need to complete other information:
  1. Your bank account information
  2. Complete information about compliance officer
  3. You employees number
  4. Business structure
  5. Information of senior management of MSB
  6. Complete information about your branch and Canadian MSB agent.
  7. Total expected expense including the fees

Meanwhile, Company will take 14 days for the verification. If the company rejects your form, there is nothing more for you. On the other hand, if you get the approval, you will proceed to the next step which involves:

  1. Your approval notice and registration number
  2. Clarification request (if you didn’t respond this section on time, you may assess penalties). The clarification request includes (sign in with MSB then, follow the instruction about response to clarification strength then, review the information and at the end, check your details, once you submitted your form, you will have done with your work)

Following are some Criminal Penalties:

  • In case of a suspicious transactions, the penalty is up to $2 million and/or 5 years imprisonment.
  • In case of a large cash transaction or an electronic funds transfer, the penalty is up to $500,000 for the first offense and $1 million for subsequent offenses.
  • If you fail to meet with record requirements the penalty can go up to $500,000 and/or 5 years of imprisonment.
  • During the examination of the compliance, if you fail to provide information, the penalty will be up to $500,000 and/or 5 years imprisonment.
  • Disclosing the facts or suspicious transactions: the penalty is up to 2 years of imprisonment.

What is The Penalty In Case of Violation?

At minor violations, the penalty starts from $1 dollar to $1000, depending on the violation nature.

  • At serious violation, the penalty goes from $1 to $100,000,
  • The extremely serious violations may see your penalty going from $1 to $100,000

Third, These penalties are applied according to the Canadian act “Proceeds of Crime and Terrorist Financing Act”.

A company with the negative background will be not registered with    MSB.

What Are The Documents Required for The Registration:

When you are going to register your business with FINtrac, the following are the documents required at the time of registration.

  • ID
  • Bank statement
  • Driving license
  • Passport details
  • Birth certificate

You may also need to provide other documents on demand. 

How to Contact FINtrac?

If you want to know more details about your registration, you have an option to visit the site. In addition, you can directly contact the Financial Transactions and Reports Analysis Center of the Canada. The address is:

24th floor, 234 Laurier Avenue West

Ottawa, ON K1P 1H7, Canada

Contact number: 1-866-346-8722


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Beginner’s Guide to Tor

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Just a couple years ago, Tor was something known only by tech-geeks. However, since leaks about the surveillance strategies of US and UK spies have arisen, Tor has become a target of criticism, accusations of promoting a “dark web” of pedophiles, drug dealers, and arms traders.


What is Tor?

The Tor project is a non-profit association that allowed users to browse the internet anonymously. It is intended to stop individuals – including government organizations and partnerships – from knowing of your location or learning about your browsing traditions.

The Tor network conceals your identity by moving your traffic across various Tor servers while encrypting the traffic. This makes it almost impossible for anybody to recognize the source of the data or region of the web client.

Tor’s software package, the Tor browser bundle can be downloaded easily and does not require any setup procedure. Although, you’ll experience a much slower internet than usual due to the number of relays your data goes through.


Who created Tor?

It was originally developed by the US Navy and received 60% of its funding from the State Departments and Department of Defense, along with several other backing bodies.

When it was initially launched in 2002, the project’s main focus was on securing every internet users’ privacy from corporations over governments.

Related: How to use Tor browser on iPhone

Who uses Tor?

Tor users fall into four main groups:

  • Normal users looking to just keep their browsing activities concealed from websites and advertisers
  • Cyber-spying concerned users that do not want their personal information to be tracked by any corporation.
  • Journalists and activists in countries with restrictions on the internet.
  • Whistleblowers can leak information to journalists while maintaining their privacy and having the freedom to express their true opinions.


The dark side                

Regardless of all its perks, everything has its drawbacks as well. It is important to be fully aware of what you click on while browsing with Tor. While many sites are socially acceptable or legal for that matter, others are known for having disturbing content. Stumbling upon such a web page showcasing criminal behavior or anything of that sort could land you in serious trouble.

Additionally, along with cloaking your identity Tor is also able to host websites, which means these sites are only accessible by people on the Tor network. These are known as criminal sites or in more obvious words “the dark web”.  The FBI and NSA have tracked down many of such sites, promoting disturbing content, drug purchases, illegal arms trading and much more.

Related: What are top 5 Proxies to access .Onion sites without Tor Browser?

What’s next?

We’re in an era of free-flowing data available to us with just a click of a button. Moreover, the internet is expanding on a daily basis and its depths are still unknown. With Tor becoming more widely used by internet users, the FBI and NSA have become more persistent in attempting to crack the network. In the end, it all depends on the user and for what activities they use Tor.


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Cryptocurrency Ecosystem and Altcoins

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When we start our conversation about cryptocurrency ecosystem, bitcoin considered the only player in a digital market. Where bitcoin has the dominate value in the market as compare to other cryptocurrencies. 500 cryptocurrencies trading are in a market with symbols, with their identities.

Altcoin is using to describe the cryptocurrency that shares the core building blocks. The best example of altcoin is litecoin.

Cryptocurrency Ecosystem

Basically, there are 150 to 500 altcoins in total. There are five altcoins with the market capitalization of $10 million each.

The revolutionary logic about altcoin is, “altcoins serves two purposes “. Antonopoulos says. “First, they test new tech features, showing whether they work and whether the market will accept them.”


The proof of work who keeps securing the transaction records and distribution of currency. In addition,

Variations include those allowing a currency to be processed by different equipment than bitcoin (Litecoin, current market cap $330 million), those purporting to use less energy (Peer coin, $47 million), and those that offer faster transaction confirmation times (many, among them Feather coin, $5 million). Other crypto coins claim more idiosyncratic variations, such as the demurrage built into Frei coin ($2 million), which loses value if it is held without being spent. There’s even a currency that uses its proof-of-work algorithm to search for new prime numbers (that currency is named, of course, Prime coin, $6 million). Those features that prove attractive and compatible after ‘testing’ by an altcoin, Antonopoulos says, will likely be incorporated into Bitcoin.

Strength of Bitcoin

Any of the altcoin fails to displace the dominant place of bitcoin. As the bank of America points out that is, bitcoin’s dominance is the guarantee of altcoins. Without bitcoin strength, may be some of the altcoins will disappear.

Where Antonopoulos describe the second purpose of altcoins whose lessons will strengthen the survivor. Which is demonstrate spectacular failure modes.

Antonopoulos contains 80 to 85% of all cryptocurrency capitalization. Whereas remaining altcoins offer the release value for those who think, that bitcoin is the most expensive cryptocurrency. One feature has been more efficient as compare to other. Altcoin built-in process needs honest, transparent and relatively selfless behavior by its developers.

Charlie lee lead developer of litecoin gives the easiest and transparent ways to mine. As he says,’’ I released the source code a week before the launch [in October of 2011], so people could prepare [to mine].”

Because of this struggle, Now, litecoin is the second digital cryptocurrency after bitcoin. After which, peer coin is at the third number of cryptocurrency, its creator sunny king releases source code nine days before its mining. Lee says “I haven’t seen any other coin roll out with the same level of transparency.”

The most important thing for the cryptocurrency is the community acceptance. Bitcoin and other cryptocurrencies are acceptable in societies. Which clearly means that the developers want to provide the transparent and trustworthy transaction system. Ellis says,” Banks are operating a tollbooth economy.” “Banks want 10% of revenue for credit cards,” a cost that cryptocurrency is distributing. Altcoins, Ellis says, “anyone with sufficient will and devotion and time to nurture the community”.

Now we can earn money?

In the meantime, altcoins are in a bumpy ride. Antonopoulos says “99% of them will expire in the process of creative destruction”. “And that’s fine because every once in a while, something unique and amazing will pop out’’.

Tags: Bitcoin Disadvantages.

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Enigma Hacked – Almost $500,000 in Ethereum stolen

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Enigma, a cryptocurrency investment platform was miserably hacked on August 21st, during their training for a crypto-token sale for their Initial coin (Ethereum, Bitcoin, etc.) offering (ICO). It was meant to be a method of raising capital using digital currencies. that would be launched on 11 September.

Unfortunately, the company’s website, slack accounts and mailing lists were overtaken by hackers. Furthermore, the website was changed and many fake emails and messages were sent to visitors and those interested, influencing them to deposit money.

It was reported by TechCrunch that the $500,000 worth of Ethereum currency stolen was not from the company alone, but the large Enigma community with their slack members, mailing list, and Ethereum exchange. That’s a shocker since the Enigma staff had imposed a strict warning that they would never request for money this way yet, a large amount of the digital currency was stolen.

Highlight The Security Errors:

When it comes to thinking how such an attack could be carried out, reports prove that there were some weak points like two-factor authentication missing from the affected channels. There must’ve been a leakage of at least one of the account passwords, which would lead to this.

The company has broadcasted temporary closing of its Slack channel.


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