Hehehehe I never said or even implied that presently China is more friendly towards the cryptospace than the US. What I was saying is how it is head shaking that a communist country like China is starting to open their borders for the cryptospace and America is closing theirs.
I don't agree with the U.S. closing the door, just trying to put an end to some things that should have been regulated a long time ago, unless you think that all that scam associated with altcoins/DeFi should continue even though people lose hundreds of millions of dollars every year? On the other hand, I ask you again, how can futures BTC ETF in HK be a sign that China is opening up to cryptocurrencies? You also ask what I am talking about when comparing China and America in context to the cryptospace? It is China's ambition to be the world leader in everything, including information technology and blockchain. President Xi mentioned this in one of his speeches. We are witnessing their move slowly in Hong Kong. Shanghai will be next.
So what difference does it make that their president mentioned blockchain a few years ago? It's something that doesn't have to have anything to do with any cryptocurrency, least of all decentralized like Bitcoin. China will only accept what it can fully control, and if you believe in any other outcome you are hardly mistaken. America is not closing their doors, only putting an end to most of the cryptospace hehehe, okay. Are you also implying that everything that is not bitcoin is a scam and the SEC should put an end to them? In any case, is it not a sign that China is opening up? HSBC might know something more than us and they also did it on January before all this hype about Blackrock and Fidelity. If you do not read the news on the recent developments on China, Hong Kong and the cryptospace, I have shared articles about this topic a few times. If you also read between the lines, good chance that China will open up and try to be the leader. I might get the year wrong when I said Shanghai will be approved for accepting the cryptospace on 2025, however, they will have no choice but to open up if they want to continue pushing for their blockchain ambitions. Also, what difference does it make? Unless you are living under a rock, if you open up your borders to welcome the cryptospace, it must include whitelisting the top cryptocoins. Developments on this are starting in Hong Kong. Their regulators have whitelisted some projects for everyone to trade already, including retail traders. |
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It is a sad thing to see stake.com joining the KYC-weaponizers’ club. If everything happened just like you described them, the stake.com should back off and pay your money. If they have anything to say against you, they should say here so we all will know why you ain’t getting paid. Otherwise this is not looking good for stake.com. I recommended this casino to many users in the past and I want to do it again in the future. Fix this stake.com!
We should also listen to stake.com's side of the accusation. They are one of the largest casinos and sportsbooks in the cryptospace that also sponsors famous MMA fighters. Why would they hurt their own reputation only for $6000? What is head scratching here is they are asking for physical receipts of bill payments. Similar to Willowbitcoin's argument, only very few people do this in 2023. @Willowbitcoin. It might be better to ask someone from Stake's security department to check into your problem. The people you sometimes speak with in live support are agents working for a call center. |
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I realise that previous futures launches are different than the current proposed ETFs, as far as I understand, but the facts remains the same. Each time a traditional form of investment product based on Bitcoin has been launched, price has corrected significantly, between 50% and 83% basically. What's as concerning is that price is currently at a resistance level which could now become a local peak...
Does the futures market determine the price of bitcoin or does the spot market? I am quite certain that everyone already knows the answer to this. In any case, a spot ETF will be very bullish for bitcoin. I do not know why there are some people who refuse to understand the difference between spot and futures ETF. |
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Binance might not bite the dust, however, it is beginning to suffer a slow dismantling process being done against it by the regulators and the people behind traditional finance. The exchange is banned from operating under the jurisdictions of Netherlands, Canada, Belgium and a few more and this is also increasing. Their banking partners are also withdrawing their support for the exchange.
Where will Binance and CZ be in 5 years?
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I am not arguing, I am only saying that China is slowly opening their borders for the cryptospace through Hong Kong as the go between and I think this is a positive development compared to the crackdowns being done by uncle Gary. There is more news besides the Hong Kong ETF article that already shows this.
You're grasping at straws that really don't make sense to grasp on since your main thesis is that China is becoming more crypto friendly than the US. And the fact is that what is happening in HK has nothing to do with Bitcoin or the Chinese position towards it. Also, about ETFs in America, futures ETFs that were already approved are different from spot ETFs. Spot ETFs invests in real Bitcoin.
I don't know why you think you need to teach me about the difference between spot and futures ETF, and I tell you in my previous post that futures BTC ETF has been around for years in the US, and your Uncle Gary has nothing against it. You and many think that the SEC is fighting Bitcoin, when in fact all this fight is directed against shitcoins, and then what are you even talking about when comparing China and the US in the context of cryptocurrencies? Hehehehe I never said or even implied that presently China is more friendly towards the cryptospace than the US. What I was saying is how it is head shaking that a communist country like China is starting to open their borders for the cryptospace and America is closing theirs. You also ask what I am talking about when comparing China and America in context to the cryptospace? It is China's ambition to be the world leader in everything, including information technology and blockchain. President Xi mentioned this in one of his speeches. We are witnessing their move slowly in Hong Kong. Shanghai will be next. On futures ETF and spot ETF having no difference, I disagree. There is a difference. A spot ETF gives the investors exposure to bitcoin because the contents of those funds will be bitcoins, a futures ETF does not. If Blackrock's ETF is approved, do you remember the pump that begun on March 12 because of CZ's $1 billion twap? It might be similar to that but more of them after each ETF approval of the other institutional funds. |
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I wouldn't interpret it as bullish, mining has always been profitable, the price could drop by a lot, maybe to $10k or less, and it would still be profitable. Buying new mining equipment is a good way to increase your profit margins and make sure you won't be forced out of the market in the future. And 162M doesn't sound like a big deal.
I would because their action implies that they might be speculating that the bear market is presently over or will be over. On Blackrock's ETF application, I was also skeptical about it because why were the cryptonews media again using an old storyline from 2021? However, it also made me think, why would Blackrock apply for an ETF during Gensler's crackdown on the cryptospace? This might be because they know for certain that the whole cryptospace market will not dump anymore. |
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Heres the statistical low down for all you avid bettors to feast over in your judicious appraisal of betting prospects in this clash of titans :  I wouldnt normally post the full size picture but Musk is a full 13 years older then Zuckerberg so it could come down to minuscule detail to assess, compare and contrast the pale color of the millionaire miscreants on the day of the fights to see if they may expire or not. There is the weight advantage and Im not sure reach but height is on Musk's side. Heheheheheheheheee! The physical comparison and seeing how much larger Elon's body is and the odds on him is 3.00, my bet will be on Elon! Who would not bet on this beautiful white pasty man.  His training partner might also be the great Georges St. Pierre. Bullish news for Elon bettors hehehe. @elonmusk I'm a huge fan of yours and it would be an absolute honor to help you and be your training partner for the challenge against ZuckerbergSource https://twitter.com/georgesstpierre/status/1672659330057879552Elon Musk replied Ok, let’s do it. |
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It is head shaking that uncle Gary, the SEC and the American government are cracking down on the cryptospace while a communist country like China are slowly allowing it through Hong Kong as the go between.
~snip~
I don't see any point in your post given that futures BTC ETF has been around in the US for some time, and HK is a special administrative region of China, and therefore what happens in HK cannot be an indicator that China has changed its attitude towards Bitcoin in any way. In addition, the bank in question was not so long ago at the center of financial scandals and is considered one of the most corrupt banks in the world, but everyone seems to have forgotten that. I wouldn't look forward to anything that has anything to do with China when it comes to Bitcoin, and I don't get anyone who thinks that communism and anything to do with decentralization and human freedom can succeed in one such country. I am not arguing, I am only saying that China is slowly opening their borders for the cryptospace through Hong Kong as the go between and I think this is a positive development compared to the crackdowns being done by uncle Gary. There is more news besides the Hong Kong ETF article that already shows this. Also, about ETFs in America, futures ETFs that were already approved are different from spot ETFs. Spot ETFs invests in real Bitcoin. In any case, I predict that China will also open Shanghai for the cryptospace by 2026. It might not be something open to any coin. Only whitelisted coins might be allowed to trade which will certainly include Bitcoin and Ethereum. |
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One of the most amusing U-turns I have witnessed to date.  I see where this trend is headed, First wasabi wallet and now tornado.cash? What will we see next? A mixer that KYC's its users just to be sure they are not “laundering” money? That's the death of the IMO. I would rather use a privacy leaning coin. I reckon they have no choice after witnessing what the government could do after the imprisonment of Tornado Cash developer Alexey Pertsev. He did not do anything wrong, however, he was charged with fake cases of moneylaudering and tax evasion. They only wanted to hold him in custody for the purpose of fear tactics because the government clearly wants to discourage developers from writing code that increases anonymity and privacy. The trial against Tornado Cash developer Alexey Pertsev inches closer, but it won’t be this year.
In a hearing in the Dutch city of Den Bosch today, a district court ruled Pertsev will face money-laundering charges for his role with the crypto mixer next year at the earliest.
No trial date has been scheduled, but the calendar is full for the rest of 2023, the court found.
Crypto watchers and privacy advocates are expected to pay close attention to the case, which could determine the future of developers’ culpability in the projects they help design.
“If this is a prosecution based solely on writing code that other people misuse, then it’s a really important case because many, many people write code that other people might use for good or bad purposes,” Cindy Cohn, executive director of digital rights group Electronic Frontiers Foundation, told DL News before the hearing.
She said she is frustrated over prosecutors’ failure to provide “clarity to the millions of people around the world who are worried that they might actually be at risk” because of their contribution to other open-source projects.Source https://www.dlnews.com/articles/regulation/tornado-cash-developer-alexey-pertsev-trial-pushed-to-2024/This might be a case very much similar to Julian Assange but less serious. |
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There were news that Deontay Wilder has set the contract to the camp of Andy Ruiz Jr. And Andy seems to have responded already based on that and said that yes, there is negotiations going on and he is coming after the Bronze Bomber. So let's see, hopefully the earlier the better for this to happen. Because there is also news floating around that AJ vs Wilder in December. And Francis Ngannou said that he also have a fight with Wilder after December. https://twitter.com/calfkickercom/status/1669903199199690753I heard conflicting news. Eddie Hearn confirmed in one of his interviews that Deontay Wilder will fight Anthony Joshua on December. Also, it would be a mistake if Francis Ngannou fought Wilder, I reckon. Ngannou's team should negotiate for a fight vs. Tyson Fury. It will be the biggest money he can get while the hype is still alive. If Ngannou fights Wilder for a smaller amount and loses, this will kill the hype and all interest for Fury vs. Ngannou will die. In any case, there is also some rumors that Ryan Garcia will fight Rolly Romero in September if the contracts are signed this month. |
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Another bullish news alongside the speculation that a bitcoin spot ETF is coming. This should appear to us that what everyone calls the smart money are preparing for the next bull market which the cryptospace might already be on the starting line. Does everyone remember the chart where they marked the different market stages with euphoria, fear, capitulation, depression, hope and disbelief? We might be in disbelief hehehehe. Many people in the forum say that we are still not in a bull market, however, the actions of Blackrock and big mining companies like Riot Platforms tell us that it is now the right time to invest.  Riot Platforms—one of the largest Bitcoin mining companies in the world—is set to boost its hashrate capacity to new heights after purchasing 33,280 mining rigs from MicroBT, a leading manufacturer of the machines needed to mine new coins.
The Application-Specific Integrated Circuit (ASIC) order adds up to $162.9 million, making it a standout purchase even among a slew of similar investments from competing firms this year. The machines themselves, however, aren’t scheduled for delivery until December 2023, and won’t be deployed until the first quarter of 2024.Source https://decrypt.co/146308/bitcoin-mining-firm-riot-secures-33000-new-rigs-for-162-million |
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It is head shaking that uncle Gary, the SEC and the American government are cracking down on the cryptospace while a communist country like China are slowly allowing it through Hong Kong as the go between.
Another head shaking thought is only 2 years ago, China and Hong Kong were banning people under their jurisdictions from using crypto hehe. They were also closing people's bank accounts because they had transactions related to cryptocoin exchanges and services.
Are we in a simulation?
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News update. This news is 3 weeks old and I have noticed it only yesterday. It appears that the question is answered. Tornado Cash is still up and usable hehe. According to their latest update, version 2 of their mixer will implement proof of innocence where the funds from illegal activities or a blacklist will be blocked from using the mixer. In any case, the problem this would cause is in ETH's fungibilty. The funds that can pass through version 2 will be worth more than the funds that cannot pass through. Tornado Cash 2.0: The race to build safe and legal coin mixers
New coin mixers aim to preserve privacy while revealing just enough data to stay on the right side of the law.Read in full https://cointelegraph.com/magazine/tornado-cash-2-0-the-race-to-build-safe-and-legal-coin-mixers/ |
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edit: Ahh... Turns out this site is banned in my country. i have to use vpn. OK, I'll try another time
If it is banned in your jurisdiction, do not use a VPN to log in BC.game or any other casinos, exchanges and services that would require their customers to undergo KYC in the future when it is time to withdraw your funds. We do not want another person going to this thread and post how he was scammed by the site. Also, everyone should always read the site's terms before making a deposit. There were Celsius depositors that have learned this lesson. I just browsed a bit and found some topics on the bc.game forum where they state they allow vpn ( https://forum.bc.game/topic/10137-the-solution-on-the-issue-with-bc-being-blocked-in-some-contries/). No moderator or admin ever replied on it so best would be to go into livechat and ask about it. I use a VPN on one casino because their livechat confirmed that they allow it. I used a VPN for a while just to be able to play some providers that are not available for me... but that was last year, I haven't used a VPN for a long time. And I never had some problems because of that, generally, I never had deposit/withdrawal issues at BC. To use VPN or not to use it will always be a tricky decision to make. With decent deposits/withdrawals and fair play (only slots I can't play otherwise), my experience is fine, I never had any problems. But who knows if everything would be fine in case of hitting some jackpot!  I reckon if a casino, exchange are any service in the cryptospace is not banned under your jurisdiction and you use a VPN for privacy, this is okay. However, if you are not allowed to use a service because, according to the law, the jurisdiction you are under has banned the service, then you should be more careful. What would happen when the service asks for KYC and they find out that you are not supposed to be logging in their site? It would appear to them that you are using a VPN to avoid the restrictions imposed under your jurisdiction. |
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It’s crazy that sites are allowing people to bet on this fight already. As serious as they may seem about it, Elon is so rich and has such an important mission ahead of him, it would be stupid to fight. Imagine human beings never become a multi planetary species because Elon got injured in a fight with the Zuck… Any place I can bet on this fight not happening?
What is crazy is the news. It went from the excitement of BlackRock's ETF application to the tragedy of the Titanic submersible that imploded then Zuck vs. Elon fight. We live in a simulation hehehe. In any case, Zuck is the favorite with odds of 1.36 being a student of BJJ who has won 2 medals in amateur tournaments. https://coinplay.com/line/special-bets/1942126-celebrity-fightsOdds for this fight not to happen is also available. However, time to wait is only until September 2023. https://coinplay.com/line/special-bets/1942126-celebrity-fights/175194827-elon-musk-vs-mark-zuckerberg-special-bets |
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edit: Ahh... Turns out this site is banned in my country. i have to use vpn. OK, I'll try another time
If it is banned in your jurisdiction, do not use a VPN to log in BC.game or any other casinos, exchanges and services that would require their customers to undergo KYC in the future when it is time to withdraw your funds. We do not want another person going to this thread and post how he was scammed by the site. Also, everyone should always read the site's terms before making a deposit. There were Celsius depositors that have learned this lesson. |
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@zasad@. Witnessing what has happened within 2 weeks, it appears not to be the case with Gary Gensler as the head of the SEC. I warn not to underestimate where Gensler wants to go in his crackdown against the cryptospace. We might have forgotten that Ethereum's founders had their own ICO from July 14, 2014 to September 2, 2014.
This information can be used as part of the SEC's fear tactics in implying that Ethereum might be an illegal security.
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This is a head shaking comment from some of the holders of Bored Ape Yacht Club NFTs. Do they not know that there are not many people who could afford to buy NFTs that are more than 1 ETH? Bored Apes were worth 60 ETH per NFT before the dump and it is still very expensive at 30 ETH. However, it is easier to blame someone or something else than making an unbiased assessment on what's happening around them. Asset prices cannot pump forever. Bored Ape Yacht Club, the top-traded NFT collection, is trapped in a brutal bear market, and holders are blaming the recently launched Blur NFT marketplace.
The reason? Blur has incentivised NFT trading on its marketplace by promising a lucrative token airdrop for top users — free tokens that can be traded on secondary markets for value.
Now traders are playing hot potato with Bored Apes to pump up their activity on the marketplace.
Still, detractors say Blur is having a negative impact on the value of Bored Apes — that’s because traders don’t mind if they buy a Bored Ape and sell it at a loss.Source https://www.dlnews.com/articles/markets/bored-ape-fans-blame-blur-for-falling-nft-prices/ |
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Rumors or not. I guess this is a good indicator of bullish market for bitcoin and crypto market. Also it seems the headline about sec and binance are startee to become blur and it didnt go their ways.
With the upcoming good news, people anf more institutions would not be hesitant now to pour some funds on crypto. Plenty of newd about legality still a better market noise for crypto market it is.
Agreed. 1 spot ETF approval would cause more spot ETF approvals and this will certainly give institutions who control billions in pension funds and retirement funds some exposure to bitcoin. Also, remember the pump that occured on March 12? Much of this was CZ's $1 billion conversion of Binance's BUSD holdings into Bitcoin, Ethereum and Binance BNB token. Approve 5 ETFs and I reckon there would be 5 pumps similar to CZ's March 12 pump hehehe. Given the changes in stable coins and banks, #Binance will convert the remaining of the $1 billion Industry Recovery Initiative funds from BUSD to native crypto, including #BTC , #BNB and ETH. Some fund movements will occur on-chain. Transparency.Source https://twitter.com/cz_binance/status/1635131601884700674 |
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News update. It appears Binance needs a new strategy. Separate the European Union customers and let them log in on a .eu domain similar to how they are already doing it with Binance.us. In anycase, what other exchanges like Kucoin and Bybit can learn from Binance's regulatory problems is do not grow too big and be noticed by regulators hehehe. Belgium's top markets regulator is ordering embattled crypto exchange Binance to immediately cease serving local customers, according to a Friday notice.
The Financial Services and Markets Authority (FSMA) said Binance is "offering and providing exchange services in Belgium between virtual currencies and legal currencies, as well as custody wallet services, from countries that are not members of the European Economic Area," which the regulator says is in violation of a prohibition.Source https://www.coindesk.com/policy/2023/06/23/binance-ordered-to-immediately-halt-offering-crypto-services-in-belgium-by-markets-regulator/ |
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