Bitcoin News: Miami Judge Rules Bitcoin is Not Money

Bitcoin News: Miami Judge Rules Bitcoin is Not Money

Bitcoin News: Miami Judge Rules Bitcoin is not Money

 In this Edition of Bitcoin News, I want to talk to you about two recent developments in the world of Bitcoin that I found to be rather significant. Every single day, a new piece of news drops regard the cryptocurrency. Most of the time, it’s just reports from sites like Coin desk giving consumers an analysis of the consenting changing bitcoin price. Some days, like today we will get stories that really exemplifies the very nature of bitcoin, and how young and uncertain the cryptocurrency actually is.


Bitcoin News: Miami Judge Rules that Bitcoin is Not Money

The first story in Bitcoin News has to do with a trial that recently took place in Miami, Florida. Michell Espinoza was charged with illegally selling and laundering $1,500 worth of Bitcoin to undercover detectives. Who told him they wanted to use the money to but stolen credit card numbers. This is the first time in history that a money-laundering case involving bitcoin has been prosecuted in a state court. The determining factor was whether or not Bitcoin as to be considered actually currency. The question of whether or not Bitcoin meets the definition of “financial transaction” or monetary instruments under state criminal law. When it came down to it, Judge Teresa Mary Pooler said Bitcoin was not considered money. She explained, “Bitcoin has a long way to go before it is the equivalent of money.” You could imagine that this statement didn’t sit well with some people. Consider that a single bitcoin is actually worth about $655. Though I don’t believe that she was talking about the actual worth of bitcoin. I think she was referring to the social acceptance and legitimacy of the cryptocurrency. She made that the case that Bitcoin, while it hold worth, is not accepted by everyone. So it is not on the same level as actual money.  Judge Teresa Mary Pooler acknowledged that she doesn’t fully understand Bitcoin, but still feels like she is qualified to properly judge it. The other defendants involved that pleaded guilty to acting as an unlicensed money broker during the trial, were sentenced to probation.


Bitcoin News: Germany Links Shooting to Bitcoin

This next story in Bitcoin News revolves around the recent tragedy in Munich, Germany on Friday. An 18 year old boy by the name of David Sonboy killed 9 people and injured many others in a shooting that occurred in the Olympia shopping Centre. The question of how an 18 year old boy who is believed to suffer from some kind of mental illness obtain a firearm has been floating around. Investigators believe that Sonboy was able to purchase the firearm through the darknet. A computer network with restricted access that is used chiefly for illegal peer-to-peer file sharing. On the deep web you can purchase anything from exotic animals and heroin in bulk, to any sort of firearm you want. You can also get your hands on a plethora of evils things that I will not talk about. How does Bitcoin fit into all of this? Well, the Darknet often uses Bitcoin as a form of payment. So that no trace can be linked to any part taking place in the transaction. It’s the only reasonable explanation as to how David Sonboy got his hands on an assault rifle. This has resulted in two things. The first would be German officials are now calling for greater gun control. To be honest, I was under the impression that Germany had tighter gun troll laws. I know some surrounding European countries have completely outlawed the ownership of a firearm. Maybe we will see Germany going down the same road very soon. Especially considering all of the tragedy has struck Europe within the last year. The second thing it has resulted in Germany cracking down on primarily anonymous online transactions with Bitcoin. That is probably going to be an incredibly trying task. The very reason these criminal operate on the Darknet and pay with Bitcoin is because it cannot be traced. So I am not sure how they are going to get that done, but I am excited about their efforts. Whatever they may be.


Bitcoin New: Conclusion  

All in all, while Bitcoin is an incredible up and coming cryptocurrency, it’s still facing some challenges. Rightfully so, when you really think about it. Nothing like that has ever been introduced to the world. It’s something challenges of everything that we as a civilization have built. I think these two stories are great examples of the some challenges Bitcoin faces. Check Our Reviews page for more insight into trusted companies. Check our site for other Financial Planning reviews. Its great place to become more knowledgeable about the world of finance, and will shed some light on some of the scams out there.

Reliable Life Insurance Company Review: 1 Star

Reliable Life Insurance Co. Review

In this Reliable Life Insurance Co. Review, we are bringing you a company that actually has an F from the Better Business Bureau. If you have been reading this site for some time now, you’ll that we don’t come across a lot of companies that have an F rating for the BBB. When we do come across such a rare thing, we don’t hesitate to talk about it. Why? Well, because it’s important that you are aware that this company is out there. Same thing when we find a company that has a warning attached to it. It’s the responsible thing to do to bring these companies and shed some light on them so you don’t fall into the traps that they might be setting for unknowing consumers.

We discovered in writing this Reliable Life Insurance Co. Review, that “Reliable” Life Insurance Company is a Canadian federally licensed life insurance company, with their head office in Hamilton, Ontario. We found while constructing this Reliable Life Insurance Co. Review, they deal exclusively in the private-label market, both in Canada and in the U.S. They administer and/or underwrite 13 private labelled programs, and they never directly compete against our partners. Why? Their mission is to be the premier provider of insurance products and services in our selected markets, where their value proposition allows them to effectively leverage our organization’s strengths. Let’s see how they hold up in this Reliable Life Insurance Co. Review.


Reliable Life Insurance Co. Review: Services & Products

 In this Reliable Life Insurance Co. Review we found that Reliable Life Insurance Co. deals primarily in three different types of coverage. The first type is Child Accident. Families are left unprotected when their children without child health insurance. Pennies a day can provide financial protection.

The second type we found in this Reliable Life Insurance Co. Review is Travel. Reliable Life underwrites short-term and long-term travel insurance products which are distributed directly through travel agencies and brokers. These products are marketed under various private brand labels to meet the specific needs of the travelling clientele of the particular distribution network. Reliable Life takes pride in its ability to develop custom travel insurance products for various distribution networks recognizing the need to be flexible in order to meet the ever changing needs of the traveling public.

The third type we found in this Reliable Life Insurance Co. Review is Accident & Health. Reliable Life’s Accident and Health products have been very successfully marketed by qualified General Agents and Brokers for over 35 years. Our products have been tailor made to meet the specific needs of our clientele from Homemaker to Self-Employed Contractors and encompass both Accident and Sickness coverage for all ages. The Products include Time Loss (Disability Income) insurance, In-Hospital Money Plan, Extended Health Plans and Personal Accident Coverage.


Reliable Life Insurance Co. Review: Warning Signs

In putting together this Reliable Life Insurance Co. Review, we found that this company really knows how to put on a show. While their website points to credibility, everything else I found online about them points in the opposite direction. One of the most notable things would the F rating in the Better Business Bureau. There are numerous complaints about their billing methods, and their products and services. It would appear that their efforts are not enough to keep these red flags from flying.


Reliable Life Insurance Co. Review: Consumer Testimonials

Here’s what some folks are saying about Reliable Life Insurance Co. One consumer wrote in this Reliable Life Insurance Co. Review:

“I lost someone very close to me in March. They had lost their papers and I had to resend them. They told me I needed to fill out additional form. So they sent me a letter but didn’t include the form that I was suppose to fill out. Every time I call to talk to someone they give you different information. I feel like they are stalling to keep from paying the claim. After three months of waiting,I finally heard from them. They told me that they had to get a police report. I have two more policies with them. Those policies are eighteen years old.”

Another Consumer Wrote in this Reliable Life Insurance Co. Review:

“I changed banks back in November of 2013. I called my local office since it’s where I originally opened my policy. I was instructed to contact the corporate office. It took two weeks to receive the form. I returned the forms the same day. I thought they would notify me if something was wrong. I noticed the payment was not taken out from my account. After a number of attempts of mailing the local office, I finally got corporate to update it. My 18 year old son was killed March 21, 2014. My local office sent the original policy info proving both sons were covered as “child term rider”. After multiple attempts of mailing claim forms, death certificate, police reports, and more they denied stating policy lapse. That’s bs considering they mishandled my mail, didn’t notate my account proving I was following up, and paid the policy up. Currently posting this to every public site and seeking legal representation”


Reliable Life Insurance Co. Review: Conclusion

In this Reliable Life Insurance Co. Review, I would like to recommend that you stay away from Reliable Life Insurance Co., simply because they are anything but reliable. Check our Resources page for a list of trusted companies, which have received 4 stars or better. Check Our Reviews page for more insight into trusted companies. Check our site for reviews of all kind. Its great place to become more knowledgeable about the world of finance, and will shed some light on some of the scams out there. Check out the previous post by clicking here.

Cangiano Estates Ltd. Review: 5 Stars

Cangiano Estates Ltd. Review

In this Cangiano Estates Ltd. Review, I want to talk to you about a company that is taking the East Coast by storm. Whether your corner of the world is in Staten Island, the surrounding boroughs or in Vieterbo, Italy, the team at Cangiano Estates, Ltd has a proven success record for meeting all your real estate needs. In writing this Cangiano Estates Ltd. Review, we found that this full service real estate firm ranks among the top ten producing firms on Staten Island and offers a unique service for buying, selling and renting real estate in Italy. Another thing we found while writing this Cangiano Estates Ltd. Review. The company has made over $84M in Real Estate Sale. They are part of the top 5% of Real Estate Companies in Richmond County. Their websites also states that they have 100% Care for Client. Even though that may not make sense. I think they are trying to say they are fully dedicated to their clients. So, it’s not a real statistic. They currently have 36 active listings, and 89 past sales. Which is pretty great for such a young company. They have an A+ on the Better Business Bureau, along with a BBB Accreditation. Which they received on September 2, 2015.

 I this Cangiano Estates Ltd. Review, we discovered that Cangiano Estates Ltd. set up shop in 2006. It was started by Traci Cangiano, who has been a licensed Realtor/ Broker since 1999. She has been involved in real estate for just about 15 years and she is certainly not a time waster. Her experience, diligence and commitment to client satisfaction both delights and impresses everyone she comes in contact with. She is a professional broker that will spare no effort to successfully navigate you through the often intricate process of making the deal successful.


Cangiano Estates Ltd. Review: Services

Being a Real Estate Company, obviously their services lie in the Real Estate world. That being said, there’s many facets in which a company can specialize in we found while writing this Cangiano Estates Ltd. Review. Fortunately for you, Cangiano Estates Ltd. Specializes in mostly everything. That’s an important thing, and I will tell you why. Let me explain with a scenario in this Cangiano Estates Ltd. Review. You go to a real estate company looking for a commercial property. While they are licensed to help you out with your need, their focus is primarily on residential. So they can help you, but it’s not going to be the same as dealing with someone who specialized in that area would be. Cangiano Estates Ltd deals with everything from Residential, Commercial, Luxury, Investment Properties, even the sale of land. Another thing that I found to be rather interesting is they even operate in a certain parts of Italy.

Though I cannot explain in this Cangiano Estates Ltd. Review how they are able to do business in Italy. Considering all the rules and regulations Europe has when it comes to Real Estate Services. Italy is examining the changes introduced by the new directive of the European Union on real estate business activities. Since 2001, in Italy it is compulsory to hold a secondary-school degree and an insurance cover. It is mandatory to make a training course and pass the relevant exam. This system grants a highly professional approach along with a full client protection.


Cangiano Estates Ltd. Review: Web Presence

When it comes to the presence of Cangiano Estates Ltd, they certainly know what they are doing. I want to explain something in this Cangiano Estates Ltd. Review. A company’s presence on the Web really says a lot about the way it is being run. If a company has been around since the 60’s and they don’t have such a good Web Presence, I don’t usually hold it against them. There is multiple generation gaps between the time the company started and now. It’s hard to keep up. But if you’ve been around for a few years, and are nowhere to be found online, they you’re doing something wrong. Having a Strong Web Presence is key in winning over the Consumers trust. I can’t emphasis that enough in this Cangiano Estates Ltd. Review. 

By strong I don’t just mean having your everywhere. I mean making your online presence accessible and transparent. Cangiano Estates Ltd has an incredible web presence. You can find all the information you need along with their listings, and consumer testimonials in a breeze. They also have a blog that is incredibly informative. It’s definitely worth a read. I read a few of their articles while writing this Cangiano Estates Ltd. Review.

Cangiano Estates Ltd. Review: Consumer Testimonials

Here’s what some folks are saying about Cangiano Estates Ltd. We couldn’t seem to find any negative reviews anywhere in this Cangiano Estates Ltd. Review. Which is not surprising. One consumer wrote in this Cangiano Estates Ltd. Review:

“We chose Cangiano Estates because they are incredibly professional, honest, and knowledgeable. Traci was my realtor of choice because she runs a great company. Greg Sokol was our Listing Agent and walked with us every step of the way.  He was there for all of the inspections, and  He negotiated like a boss with the Selling Agent until we finally found the number we were looking for. Selling a home can be a very difficult and stressful time, but with Cangiano Estates it was a breeze!”

Another Consumer Wrote in this Cangiano Estates Ltd. Review:

“Cangiano Estates was great to work with. They are a very professional and knowledgeable group of people. They really listened to our needs. Cangiano Estates made the experience of being first time homeowners very easy. We were very satisfied with our experience the first time and how smoothly the process went. The second time around went even better. We highly recommend using Cangiano Estates.”

Cangiano Estates Ltd. Review: Conclusion

In this Cangiano Estates Ltd. Review, The CFRB gives this company 5 stars for really setting the bar. Check our Resources page for a list of trusted companies, which have received 4 stars or better. Check Our Reviews page for more insight into trusted companies. Check our site for reviews of all kind. Its great place to become more knowledgeable about the world of finance, and will shed some light on some of the scams out there. Check out the previous post by clicking here.


Bitcoin News: Miami Judge Rules Bitcoin is Not Money

Bitcoin News: Uncertainties Ahead for Bitcoin

Bitcoin Uncertainties: Brexit, Weakening Chinese Economy, Upcoming Halving

In this Edition of Bitcoin News, I want to talk about the possibility of the Bitcoin price raising due to a number of different events going on right now in the world. Bitcoin, just like every other currency out there Bitcoin is affected by literally everything that goes on in the world. It’s important to have a basic understanding of what affects not just bitcoin, but currency in general. On top of that, it’s important to understand why it affects it the way that it does. Why is it so important? Well, because whether you like it or not, this will affect in your daily life.


Bitcoin Uncertainties: What Affects the Value of Currency?

Exchange rates are determined by basic supply and demand principle. The demand for a currency is influenced by interest rates, economic growth, inflation, and many other factors. Bitcoin is not excluded from this. Even though it is technically a cryptocurrency.

Unlike every other currency out there, Bitcoin is not subject to monetary policy. Meaning a treasury or bank of some sort can’t just decide to drive the price up or down because they feel the need to respond to a particular situation. (Like some sort of economic or foreign policy event or condition). Bitcoin’s monetary policy is actually controlled by consensus. Meaning, The supply and price of Bitcoin is controlled by an algorithm that its operators can choose to modify.

Bitcoin is still in the very early stages of its market evolution.  Supply/demand commodities exhibit high volatility in the early adoption phase. The exchange volatility of Bitcoin is exacerbated by the complex process and strong opinions regarding improvements that will eventually support increased transaction volume.


Bitcoin Uncertainties: The Brexit

One of the things that many are speculating will greatly affect the value of Bitcoin is the Brexit. WE have already seen glimmers of the past weeks with the mere announcement of the U.K.’s Succession from the EU. Bitcoin had already received some safe-haven bids in recent weeks, thanks to uncertainty about which way Britons would vote in the country’s referendum on its membership with the European Union (EU), which began on Thursday (June 23) morning.


Bitcoin Uncertainties: China’s Weakening Economy

The price of Bitcoin jumped 20% during the week of June 3rd, rising to its highest point in 20 months. But what was the cause of the increase? Mainstream media sources say that this sharp increase is a result to demand from the Chinese market, and the devaluation of the Yuen. Not everyone seems to be on the same page. Some market experts are saying that the rally was tied to other developments. Within and outside of the ecosystem the digital currency resides in. A spokesperson for Huobi, has a different theory. The spokesperson saw the movement as part of a series of stresses on the Chinese financial markets.

The developments in the Chinese markets regarding bitcoin seems to have started a debate in the bitcoin trading community. Many believe that that Asia-based exchanges are using illegal tactics to drive market activity. Petar Zivkovski, director of operations at bitcoin trading platform Whaleclub said, “The theory that the Chinese are buying bitcoin due to yuan devaluation is a nice story to tell, but is in our view incomplete,” he then added: “Bitcoin is a speculative asset and Chinese residents who are looking to preserve the value of their holdings can turn to USD or EUR, which are much more stable currencies.”


Bitcoin Uncertainties: The Halving

Bitcoin halving is a roughly once-every-four-year event whereby the consistent supply of bitcoin released is cut in half. When Satoshi Nakamoto released bitcoin in 2009, each block generated a reward of 50 BTC. On 28th November, 2012, the reward subsidy fell by half to 25 BTC. Satoshi added halving so that the code could continue to provide fresh bitcoins as the network scaled, but would also phase out the production of new bitcoin as it approached the maximum cap of 21 million. So there actually is a point to halving. It’s purely to maintain the original structure created by Satoshi.


Bitcoin Uncertainties: Future POTUS

This is purely speculation. This comes from a report that was basing all of their information on what certain polices would do if they were implemented. Like I said, everything affects the price of bitcoin. Let’s start with Donald Trump.

Trump, hasn’t actually said anything regarding digital currency. Bitcoin could easily become something that could hurt the Trump Administration. In light of Trump’s announcing that he would attempt to block remittances to Mexico from the United States. Blocking remittances is no small threat. The World Bank research reports, annual monetary transmissions into the region equal twenty-five billion dollars and roughly two percent of Mexico’s GDP.

Hilary Clinton is a bit of a different case. In a thread about Clinton and Bitcoin, users point out how odd it is of Clinton claiming to be “not a technical person” during her email scandal proceedings. Her strong anti-encryption stance is not what users of alternate money like to hear. An article from Tech Dirt opines says that “Weakening encryption undermines both security and privacy. … This raise serious questions about who is advising Clinton on tech policy.”

Gary Johnson, The Libertarian nominee is the only one who not only accepts cryptocurrency, but actually receives campaign contributions in Bitcoin. His openness to the cryptocurrency is not surprising at all considering his involvement with the Libertarian Party. Rand Paul also accepted Bitcoin campaign contributions. Smart idea, if you ask me. It didn’t help him at all, but good thinking, Rand Paul.


Bitcoin Uncertainties: Conclusion

It’s certainly an interesting road that we are on. The Bitcoin train, that is. We are literally watching history unfold. I hope you know that’s what is going on. Bitcoin is truly revolutionary. Check Our Reviews page for more insight into trusted companies. Check our site for other Financial Planning reviews. Its great place to become more knowledgeable about the world of finance, and will shed some light on some of the scams out there.