Cryptocurrency
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- grafician-7
China really bans crypto
"China sends the strongest signal yet on its determination to crack down on the crypto industry, saying all cryptocurrency-related transactions are illegal and must be banned" - Bloomberg
- "China Central Bank Says Overseas Cryptocurrency Exchanges Must Not Provide Services To Mainland Investors"grafician
- "China Central Bank Says Will Strengthen Management Of Information On Internet About Cryptocurrencies"grafician
- "China State Planner Says To Strengthen Energy Consumption Controls On New Cryptocurrency Mining Projects"grafician
- Communism vs Freedom. Pick your side.shapesalad
- I pick freedom, so while the crypromarket may drop on this FUD news, I'll buy more. As I vote for decentralised freedom + future of finance.shapesalad
- I pick muh freedoms.palimpsest
- sounds like the move they did with google, fb and co... it led to a bunch of successful domestic developed services.uan
- I trust this interest in BTC means we won't have any more whinging about packaging waste from you, shapesalad?Nairn
- How many crypto investors are left in China? Didn't the government already ban both mining and crypto exchanges months ago?yuekit
- Crypto IS communism as it's promising equality, freedom and decentralisation WHILE offering nepotism, whales and centralised controlgrafician
- @yuekit yes and now they ban transactions too so that's itgrafician
- “Let your plans be dark and impenetrable as night, and when you move, fall like a thunderbolt.”
― Sun Tzu, The Art of Warneverscared - shape has swallowed so many red pills he rattles like a packet of fucking tic-tacs.face_melter
- Hoe dare you.... wait a minute... Which flavoured tic tac’s?shapesalad
- The funny thing is the on the ground reality in China is probably less regulated than USA or Europe in many respects. All these stories about the governmentyuekit
- banning things make it sound like 1984 and I agree they are stupid, but there's always the question whether it will actually work.yuekit
- Probably not good news for VeChain.shapesalad
- it's at $41K man...grafician
- China has massive mining on coal-based power. Also severe coal shortages right now. Coincidence?monNom
- Krassy2
Change to Crypto Provision in Infrastructure Bill - blow to the crypto industry
- neverscared1
British police seize record $408 million haul of cryptocurrency
- neverscared0
Cryptocurrencies could lead to ‘limitless’ losses for UK government
Experts warn of danger of untraceable funds if companies accepting payments in cryptos go bust
- going limitless forever..lolneverscared
- Old world order is crumbling. Hello brave new worldzaq
- neverscared0
Binance is becoming a real Hotel California.
- neverscared0
Over the past year and a half, the price of BTC and other cryptocurrencies is entirely driven by a blatant and obvious fraud: the "Stablecoins" Tether and Circle.
here is a basic supply and demand equation: New Bitcoin = (New $ + New stablecoins). In the previous bubble it was about 2/3rds dollars and 1/3rd Tether.
Now it is deeply, DEEPLY stablecoins, with the new $ going out at a massive rate as anyone with a clue cashes out...
https://twitter.com/ncweaver/sta…
In the past 6 months, Circle added $20B and Tether $40B. In that time there was about 160k new Bitcoin. At "just" $30k/BTC that is $5B. So the net outflow of $ is in the neighborhood of $50B. Give or take...
- And that's really the entire marketcap of the crypto space, more or less 10:1grafician
- Tether hasn't printed in over a month = price of Bitcoin down and ranging sincegrafician
- most whales already sold, lots of whale wallets are emptygrafician
- re: other coins, just compare the charts vs. BTC, most of them copy BTC to the lettergrafician
- re: USDC they say it's backed by Coinbase, they're printing daily, sometimes burning coins, but overall coinbase hadn't had an audit in half a year or more...grafician
- https://cryptohayes.…ESKEMA
- @ESKEMA have you ever heard of "liquidity"? Just because crypto can work without dollars doesn't make it top my mangrafician
- Bitcoin as a project already failed years ago. The entire crypto market is 100% based on speculation at this point.grafician
- Any asset than can be influenced this easily - with a tweet nonetheless - is worth as much as a tulip - tops!grafician
- https://i.kym-cdn.co…ESKEMA
- Yeah sorry, I can argue all day with you, but everything I post in this thread is 100% true and you know it :))grafician
- jonny_quest_lives0
Bro...
- parmazhan coin, broKrassy
- dip of the douchebagneverscared
- neverscared-1
El Salvador's U.S. Bitcoin Partner Lacks Key Licenses
Strike is only licensed in one state despite being active across the United States and El Salvador.https://decrypt.co/73845/el-salv…
lol, after watchin that bitcoin conference from miami... i think this is just bound to fail because the people are so anti-intellectual .
- "This is amateur hour," said
steve_hanke
, an economist at John Hopkins Universityneverscared - Expected anything else?grafician
- sort of .. at least a little more than that neandterthaler rhetoric and vibe it gave off...neverscared
- rrrrightgrafician
- it's been over a decade and yet still nothing good came of crypto space so yeahgrafician
- Why El Salvador would choose bitcoin over all the available cryptos is beyond me. Bitcoin is useless.mandomafioso
- pretty sure that idiot president chose for everybody
now telling everybody the Gov will send $30 worth of BTC to each wallet the people open lolgrafician - BTC "maximalists": "it;s official, bitcoin was adopted as a currency in El Salvador, you can't touch us now"
BTC maximalists before: bitcoin is not a currency!grafician - corruption is high in the country , it makes sense..neverscared
- "This is amateur hour," said
- neverscared0
Two brothers associated with one of South Africa’s largest cryptocurrency investment platforms, along with their $3.6 billion USD in Bitcoin, have vanished, according to Bloomberg.
The outlet reported that Hanekom Attorneys, a law firm in Cape Town, said they cannot locate Ameer and Raees Cajee, the founders of Africrypt, and have filed missing person reports to the Hawks, the country’s national police force. The firm also informed crypto exchanges across the world in case there is any attempt to convert the blockchain-backed coins.
- Not your keys, not your coinsESKEMA
- yet fundamentally no different than Binance, Coinbase or any other Crypto Exchange none of them are KYC compliant....jonny_quest_lives
- so yeah "not your keys not your coins"... you trade your money for the house casino chips once entering the exchange.jonny_quest_lives
- Exchange liquidity is the elephant in the room.jonny_quest_lives
- i should give coinbase a little more credit for at least doing the bare minimum of KYC compliance...jonny_quest_lives
- remains to be seen how well their funds are insured...jonny_quest_lives
- "To the extent U.S. customer funds are held as cash, they are maintained in pooled custodial accounts at one or more banks insured by the FDIC."jonny_quest_lives
- Our custodial accounts have been established in a manner to make available pass-through FDIC insurance up to the per-depositor coverage limit then in placejonny_quest_lives
- (currently $250,000 per individual). FDIC pass-through insurance protects funds held on behalf of a Coinbase customer against the risk of loss should any FDIC-jonny_quest_lives
- insured bank(s) where we maintain custodial accounts fail.jonny_quest_lives
- FDIC insurance coverage is contingent upon Coinbase maintaining accurate records and on determinations of thejonny_quest_lives
- FDIC as receiver at the time of a receivership of a bank holding a custodial account.jonny_quest_lives
- reading it one could assume each account is insured "currently $250,000 per individual)."jonny_quest_lives
- however: "they are maintained in pooled custodial accounts at one or more banks insured by the FDIC." makes one pause a bitjonny_quest_lives
- is each "pooled custodial account " only insured to $250,000 or does each coinbase individual trading account get the protection...jonny_quest_lives
- wild west...jonny_quest_lives
- No one should keep funds on exchanges, that’s the whole point. The exchanges serve to exchange.ESKEMA
- I guess people only learn the hard wayESKEMA
- Krassy0
Spain court agrees to extradite McAfee founder to US
- neverscared0
- How could anything go wrong with all-digital??formed
- Crypto needs regulation. Everything I read is Binance is a fraud. Tether is a fraud. Lots and lots of fraud tarnishing the worthy projects.mandomafioso
- renderedred0
Global banking regulators call for toughest rules for cryptocurrencies
- about time...all the douchebags that got rich with shit toxic tech .. its a shame.neverscared
- lol brrrrrrrrrrrrr goes the lamboAQUTE
- shapesalad1
- I dig this dude's approach. Incredibly calculated, inspiring.DRIFTMONKEY
- neverscared2
When the young CEO of Canada’s largest cryptocurrency exchange is reported to have died while honeymooning in India, it sets off a cataclysmic chain of events that would leave about 76,000 people out of a quarter of a billion dollars and a trail of conspiracy theories around whether Gerald Cotten is dead or alive. A Death in Cryptoland is an original podcast series about a crypto-tycoon, his secret past, his sudden demise, and an online sleuth’s obsession to unravel the truth behind QuadrigaCX. Hosted by Takara Small.
- shapesalad-1
- he also just bought a sandwich with it, and paid for his taint sunning session with it, so there’s thatmonospaced
- yeah, try paying your Tesla with bitcoin morans!grafician
- Better have bought that Tesla at its high! Would suck to plan on it and then "poof", back to a used Civic (that you can't buy w btc).formed
- grafician1
BREAKING: U.S. law enforcement officials say they have recovered millions worth of #Bitcoin that Colonial Pipeline paid to ransomware hackers.
- NBQ001
lol
How an unemployed day-trader burned by both GameStop and dogecoin ended up owning 20 billion units of a cryptocurrency known as ASS coin: