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NEM 523 mln Hack is a Foresight into the Future
Tue, 13 Feb 2018 20:30:50 +0000

Cointelegraph published a timeline to the NEM hack that occurred earlier this year in the "Coincheck Delivers Report to Japanߴs FSA" article. Based on this timeline, the NEM development team is able to create an automated software that tracked and flagged all stolen NEM coins. Due to this inherit natural possibility with blockchain, the hacker is unable to sell the hacked coins without being identified.

This action pointed out an important aspect of the blockchain technology, which is that every transaction is clearly ledged in a decentralized system. Although criminal had used the decentralized ledger system to remain anonymous in the past, the technology is a double-edged sword in that anyone who is involved in this ledger will be clearly identified at some point.

Similar automated tracking software could be used on any blockchain-based cryptocurrencies or similar concepts. Why wasn't it done before on Bitcoin hacks and other hacks? Probably because they didn't get the attention they deserve until Bitcoin hit $20000 a piece. But you can be sure any future hacks can be easily tagged.

Now that brings up an important foresight. Knowing which addresses contained the hacked coins, it seems possible that a global government agency could be created to counter hack these wallets so that the hacked coins can be returned to their rightful owners. This is starting to sound like a science fiction novel, but our law enforcement agencies, today, are already performing these type of raids for fiat currencies and other kind of equities.

Category: Finance: Cryptocurrency

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How to Move Text Note in thinkorswim?
Wed, 31 Jan 2018 19:09:30 +0000

Oh. The only way you can select the text note is using the Pointer drawing tool. That's why it took me so long to figure it out, because I usually only use the Trendline tool, which can't select drawings.

Category: Finance

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[MOVED] Advantages of Trading Cryptocurrencies vs. Stocks
Tue, 13 Feb 2018 19:56:48 +0000

This thread has been moved to the Finance: Cryptocurrency forum. Click here to transfer your browser to the thread.

Category: Finance

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Switch Charts Easily in Medved Trader
Tue, 24 May 2016 04:39:56 +0000

If you want ease of use, try Medved Trader - http://www.medvedtrader.com

It will work with your TD Ameritrade account, and it has a very intuitive interface. For example, while viewing a chart, to switch to another symbol, you can either drag that symbol from a portfolio to a chart or just start typing it - when you press the first key, the text input field will show up. Hit Enter after finished typing the symbol, and the chart will switch to that symbol.

Category: Finance

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What Happens When Your Pattern Day Trader Account Goes Below Minimum Equity Requirement
Wed, 13 Jan 2016 17:32:07 +0000

I didn't bother to call E-Trade to convert my account back to a non-day trading account. I did't know if that was possible or not. But this week, I withdrew some money, so my account is below the $25000 minimum. Today, I got the following account alert:

"You have a Minimum Equity Call

The net account value in your pattern day trading account has fallen below $25,000, and a minimum equity call has been issued for the account. FINRA Rule 4210 requires that pattern day traders maintain a minimum account balance of $25,000.

Call Information

Account ending in: XXXX-0882
Equity call deadline: Immediately

You can meet this call in either of these two ways:

By depositing additional funds and/or securities into your account
By your account equity rising above $25,000 due to market appreciation or trading.

Your account will be restricted to trading 1x house excess for 90 days or until the call is met. Please note that if you execute a day trade while this call is in effect, FINRA regulations require that we further restrict your account to settled, cash-only transactions.

If you have questions or need assistance, please call us anytime at 1-800-ETRADE-1 (1-800-387-2331) or send us a Secure Message."

Category: Finance

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