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@ o_e_l_e_o. Agreed, however, the SEC and other government agencies can also crackdown on developers of decentralized projects in the cryptospace similar to what they have one on the developer of Tornado Cash. They can also sanction bitcoin addresses and label anything containing them as illegal funds. This is very head shaking because there are some bitcoin maximalist who support this type of behavior because they think the cryptospace should be bitcoin only. We should not be like this, I reckon.
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News update. Do Kwon's arrest was done 3 days ago in Montenegro and according to other sources, he had fake passports and other fake identification cards with him when he was boarding a private jet. It appears he was playing a role very much similar to Jason Bourne hehehe.  Do Kwon, the South Korean entrepreneur behind the $40bn collapse of the cryptocurrencies terraUSD and Luna, has been charged with fraud in the United States following his arrest in Montenegro.
US prosecutors on Thursday announced eight charges against Kwon, including securities fraud, wire fraud, commodities fraud and conspiracy.Source https://www.aljazeera.com/economy/2023/3/24/crypto-founder-do-kwon-indicted-after-montenegro-arrest |
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@bisdak40. Agreed and it would be in a higher weight division where Casimero will not he overweight similar to what he has done in the bantamweight division.
In any case, what is the latest news? Is this fight only postponed or is there a chance of a cancellation? This might give a chance for Casimero to enter the show if he can challenge someone with a high rank in super bantamweight.
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@o_e_l_e_o. I wish I can agree with your argument, however, if the community is taking a side with the SEC, this is a very dangerous circumstance, I reckon. You are taking a bitcoin maximalist's argument but we do not know where this stops or what this implies for all of the cryptospace including bitcoin. A victory for the SEC in this would certainly not make them stop from cracking down on bitcoin and every service, centralized or decentraized that uses bitcoin. We already witnessed what they did against Chipmixer.
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SEC is on an anti-crypto rampage.
I'm more worried about the fact that the SEC just notified Coinbase that they basically consider Coinbase's entire operation illegal. They notified Coinbase that they are planning to come after them not just for their staking service, but their Coinbase Earn stuff, their Wallet service, and their exchange!! Like, that's the entire company! I can't imagine how SEC will make a case against the entire business but it is clear Gary Gensler and the SEC are on an anti-crypto rampage and they would like to take the entire industry down. We've got a lunatic running the SEC.
Hopefully the courts shut down the SEC's anti-crypto tirade and puts Gensler in his place. Cuz its insane that the SEC just wants to shut down the industry in America. We are definitely entering a period when the US government is starting to attack Bitcoin and Crypto. Hoping the courts and/or Congress push back on this sort of anti-crypto stuff before it gets bad. We need politicians and regulators who actually understand what Bitcoin is, and have more of a knowledge of it than just what they read in negative headlines.
Agreed. This coordinated campaign by the American government, regulators and politicians against the cryptospace will be considered as one of the biggest errors in the history of financial technology. The adoption of the whole cryptospace cannot be stopped by Gensler and the developments created in America will clearly go to other countries. But what is the exact situation in the USA if for that matter Biden's administration goes hard on crypto and passes some laws. Is there still a certain federal freedom from state to state to actually bring that law into effect or could some rather pro crypto states first sue and go to the highest court before complying with what Biden says? Or do they have the freedom in every state to be more welcoming to crypto in general? That is the problem I see with the EU except for Switzerland. If the EU pushes for regulation, it is a lot of states that have to comply and the EU has the possibility to sanction states that don't comply. I guess crypto isn't worth defending in exchange for being sanctioned (yet). I am not quite certain about the exact situation, however, it appears that the SEC is creating an environment that is very much discouraging for the cryptospace. Also, while this comedy show in America begins there are other jurisdictions like El Salvador that are making the correct assessment and they are creating an encouraging environment. El Salvador President To Eliminate All Taxes on Technology Innovations
In a recent tweet, Bukele notes that all taxes, including income, property, and capital gains, as well as import tariffs, will be eliminated. Additionally, this hasn’t come to fruition yet. The President said that he will be sending a bill to Congress next week.
Furthermore, the President notes that “technology innovations” will include AI development, coding, and apps, among others. Elaborating on the same, Bukele tweeted,
"Next week, I’ll be sending a bill to Congress to eliminate all taxes (income, property, capital gains, and import tariffs) on technology innovations, such as software programming, coding, apps, and AI development, as well as computing and communications hardware manufacturing.”Source https://watcher.guru/news/el-salvador-president-to-eliminate-all-taxes-on-technology-innovations |
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@Rikafip. CZ tweeted the wallet where the $1 billion was being held on the day of the announcement. In any case, everyone has already heard about the wells notice that Coinbase received from the SEC? I shared it in @Oshosondy's thread. This article mentions and speculates that Binance and stablecoin issuers might be next. I speculate it might also include Defi and other projects that issued tokens. Coinbase’s pending legal showdown with the US markets regulator has the crypto industry wondering who’s next.
Coinbase, a target for the Securities and Exchange Commission since Gary Gensler took over as chair, this week received a Well’s Notice — a formal declaration of the SEC’s intent to bring a lawsuit.
The key question now: What next?
“Oh, a stablecoin case,” Moustakis said. “I don’t mean a stablecoin used in connection with fraud. I mean an enforcement action brought against a stablecoin issuer for the issuance of an unregistered security.”
John Reed Stark, former director of the SEC’s office of internet enforcement, said that while the SEC has hinted that stablecoins may be next in the SEC’s crosshairs, he has another theory: “Binance, or maybe Tether.”
“Binance’s operations have been so void of transparency and sunlight that there’s a need for criminal prosecutorial and civil regulatory intervention,” Stark said.Source https://www.dlnews.com/articles/regulation/stablecoins-and-binance-next-in-sec-crosshairs-after-coinbase-warning/ |
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SEC is on an anti-crypto rampage.
I'm more worried about the fact that the SEC just notified Coinbase that they basically consider Coinbase's entire operation illegal. They notified Coinbase that they are planning to come after them not just for their staking service, but their Coinbase Earn stuff, their Wallet service, and their exchange!! Like, that's the entire company! I can't imagine how SEC will make a case against the entire business but it is clear Gary Gensler and the SEC are on an anti-crypto rampage and they would like to take the entire industry down. We've got a lunatic running the SEC.
Hopefully the courts shut down the SEC's anti-crypto tirade and puts Gensler in his place. Cuz its insane that the SEC just wants to shut down the industry in America. We are definitely entering a period when the US government is starting to attack Bitcoin and Crypto. Hoping the courts and/or Congress push back on this sort of anti-crypto stuff before it gets bad. We need politicians and regulators who actually understand what Bitcoin is, and have more of a knowledge of it than just what they read in negative headlines.
Agreed. This coordinated campaign by the American government, regulators and politicians against the cryptospace will be considered as one of the biggest errors in the history of financial technology. The adoption of the whole cryptospace cannot be stopped by Gensler and the developments created in America will clearly go to other countries. |
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In any case, other trades are Jimmy Garopollo was traded to the Las Vegas Raiders, this might be a good improvement from Derek Carr.
Might be. On the other hand, he may be a bit distracted.  The QB has reportedly received lifetime membership from a popular Vegas strip joint and he’s now been presented with free sex for the rest of his life, with a pair of brothel workers making him an offer he might not be able to refuse.
Caitlin Bell and Alice Little, who ply their trade at Vegas’ famous Chicken Ranch brothel, have told TMZ they’re excited to have Jimmy G in town and want to give him free sex for life. Technically the brothels aren't allowed to operate in Vegas as prostitution is "illegal" within the city limits (lol). Not that I would know about such things. Another quarterback trade is Baker Mayfield to the Buccaneers, from the goat to Mayfield hehhehee.
Damn, I wonder why the Rams didn't want to try harder to keep him. Jeez. Gonna be really hard to root for them next season, they are a shell of the team they were just two years ago. The offer of the life time membership from the strip joint might have also made the decision to join the Raiders much easier for Jimmy G. It might have closed the negotiations hhehehe. Massage Watson is angry at his agent for hiding the Las Vegas offer from him. |
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With John Ryder, it will give Canelo a boost of confidence after it. This fight is not even hyped or probably because they don't want to ruin Tank Davis's moment.
It would be very head scratching to speculate that Canelo vs. Ryder fight can ruin Tank vs. King Ry's main event. No one wants to pay to see Canelo fight Ryder. There is no hype behind this and who is this John Ryder? Yes, Canelo is guaranteed another 8 figures here, so he doesn't care perhaps, hehehe. And most likely his target will be the Mexicans obviously in his native country. Probably in the US too, but for fans, Tank vs Ryan Garcia is an easy choice if I were to buy PPV between this two fights. I reckon what the fans would like to see for Canelo is fight Benavidez! However, it appears Canelo is avoiding him hehehe. Canelo wants a rematch vs. Bivol but Bivol is avoiding Canelo because he wants a unification in light heavyweight.
Maybe if David can win against Plant this weekend, his name will pop up. But definitely Canelo is looking for Bivol next after this, whether 175 or even 168 lbs as Canelo is willing to put his belt on the line. So lot's of fight in the calendar that can affect Canelo after he win against John Ryder. Agreed on Canelo does not care hehe. I was only telling @cabron that Canelo vs. Ryder will certainly not ruin Tank vs. King Ry because much of the fans will be on Tank vs King Ry. Similar to what you said, if the both of them were on the same day, which ticket or pay per view would you buy? I speculate Canelo will not consider Benavidez because of the risk that he might lose to him. It might be better to risk losing to Bivol in light heavyweight because he will not lose all of his super middleweight championships hehehe. He can lose them against Benavidez. |
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Also, the promoters should rent Las Vegas Raiders' Allegiant stadium, have a big screen and let everyone pay $100 per person to watch the fight hehehe. Well, that's a first if that indeed happens but they should swap the venue though because Allegiant Stadium can hold more people compared to T-Mobile Arena. That's quite too much for him to say especially that he ain't got the WBA world title belt, or any of those existing belts that is now possessed by the undisputed champion, Devin Haney. And he's saying and comparing himself towards Canelo Alvarez?  Boy, I know you got talents but you still have a long way to go and that's for sure. However, similar to what I have said, it can be argued that he might become the face of boxing if he wins this fight. The same argument can be created for Ryan Garcia. I also reckon that it would leave a bigger impression on the fans if Ryan Garcia is the winner. The occurrence might be compared to Muhamad Ali versus Sonny Liston where Ali was the underdog hehehe. |
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Similar to what I have mentioned before, there is presently more spot buying on bitcoin than leveraged buying. The instadumping did not make bitcoin drop more than 5% on the closing of the day and we might not anymore witness much of the liquidity cascades that causes these volatile drops on the price this year. Also, stop this fud. Why are implying that Justin Sun will dump a high amount of bitcoin on us? |
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There is also a rumor that the SEC has sent wells notices to many founders and development teams of altcoin and Defi projects.
Coinbase received a wells notice hehe. It appears that this can be considered as proof that the rumor about wells notices being sent to different founders and development teams of altcoin and Defi projects might be true. In any case, a wells notice is a letter from the SEC that tells the receiver that they will enforce the rules and regulations on them. This might be difficult for Coinbase. We asked the SEC for reasonable crypto rules for Americans. We got legal threats instead.
Today, the SEC gave Coinbase a “Wells notice” regarding an undefined portion of our listed digital assets, our staking service Coinbase Earn, Coinbase Prime, and Coinbase Wallet after a cursory investigation. We are prepared for this disappointing development. Read in full https://www.coinbase.com/blog/we-asked-the-sec-for-reasonable-crypto-rules-for-americans-we-got-legal |
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With John Ryder, it will give Canelo a boost of confidence after it. This fight is not even hyped or probably because they don't want to ruin Tank Davis's moment.
It would be very head scratching to speculate that Canelo vs. Ryder fight can ruin Tank vs. King Ry's main event. No one wants to pay to see Canelo fight Ryder. There is no hype behind this and who is this John Ryder? I reckon what the fans would like to see for Canelo is fight Benavidez! However, it appears Canelo is avoiding him hehehe. Canelo wants a rematch vs. Bivol but Bivol is avoiding Canelo because he wants a unification in light heavyweight. |
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@Hueristic. I very much agree. However, is Damien Harris a big running back improvement for the Bills if we compare him to Singletary? Why did Bill Belichick not let him play in his former role after full recovery from his injuries? The Patriots RB1 became Rhamondre Stevenson on the last few weeks of the regular season.
In any case, other trades are Jimmy Garopollo was traded to the Las Vegas Raiders, this might be a good improvement from Derek Carr. Another quarterback trade is Baker Mayfield to the Buccaneers, from the goat to Mayfield hehhehee.
Everyone can have Mike Evans on our next draft heeheheh.
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Bitcoin price has currently increased overnight. For a long time, the price of Bitcoin was between 20k and 22k, from where the price has increased and now it has touched 27k. I can roughly predict that Bitcoin price will touch 30 in March. Because there is good news in the future of Bitcoin and Bitcoin Halving is waiting ahead. According to the cycle, Bitcoin grows exponentially every three to four years.
I am always skeptical and cautious when there is a pump, however, it also appears that there is more spot buying of bitcoin than buying bitcoin with leverage. The price has pumped to touch $28k but the open interest today is presently still lower than the open interest on November, 2022. This implies that it is not leverage pumping bitcoin and it might also imply that the next dump might not have as much volatility.  I just had a look at the open interest chart from LookIntoBitcoin. It doesn't show much of a downtrend since June last year, but more so sideways as well as rising considerably in the past week to reach close to October/November highs. That said, price is quite a bit higher than back then, while the open interest remains similar. I guess to me it looks like there isn't "too much" open interest, but I wouldn't say it's very low anymore either. Similar to what I have said already, it implies that the pump is because there are more spot buying of bitcoin than there is buying bitcoin on leverage. This also implies that if there is a dump, it would not cause that much liquidity cascades which sometimes are the cause of more than -10% dumps. |
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ChipMixer boldly promised to delete all logs, don't keep confidential information and don't store private keys of payout Chips. It lied to everyone.
Unless you are somehow privy to information the rest of us don't have access to, it's yet to be established that ChipMixer kept logs. We know that data was seized, but people are merely speculating on what that data might be. If you could try fo keep any accusations you might wish to make evidenced by verified information, that would be appreciated. I reckon all web servers keep logs, temporarily or permanently, for different types of reasons. It would not be shocking for Chipmixer to have kept 30 day logs for customer support reasons in case something went wrong with the user's transaction with the mixer or because of other technical reasons. Also, if there was 7 terabytes of data taken by the authorities, how much of the data are logs and what other types of data do mixers keep? @james3441. If that is true, why was chipmixer.com seized? It would have been better to let it continue. |
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For mass adoption I don’t think it’s necessarily more services that need to be created as much as it is the basic acceptance of crypto for existing services. El Salvador being a good example. The government could kick off mass adoption by just announcing that Bitcoin is legal currency. When you can use it to purchase everything that a dollar could buy, then we’ll see mass adoption.
However, in El Salvador the government did declare bitcoin as legal tender but mass adoption has not occurred. I reckon that from this observation there should be something more in bitcoin that people think they need to use it. I speculate that if Defi and NFTs come to bitcoin, this might bring more adoption and acceptance in 5 years than it has for the last 10 years. Well mass adoption can't occur until people actually get educated on Bitcoin. Bitcoin is doing fine in El Salvador but like everywhere else in the world most people aren't educated on Bitcoin so they don't want to use it. And no DeFi and NFTs are not what is needed. NFTs are a small niche fad, the opposite of what is needed to gain more adoption. DeFi as it has so far existed is basically just a bunch of gambling schemes. We need real services on Bitcoin not collections of crappy NFT images selling to a few thousand people or gambling schemes. No education is not the problem for why people do not like using bitcoin in El Salvador, I reckon. Price volatility is what is discouraging people in adopting it as a currency. I shake my head why we cannot admit this. Also, I cannot say what is needed for mass adoption, I can only speculate based on what might occur. It appears that many people in the bitcoin community are underestimating the growth of NFTs and the adoption it might bring for the whole cryptospace. Everyone should not forget that NFTs have cultural value because it is art and art has existed before money was invented. People have been collecting and trading art since ancient history. This development should never be underestimated. |
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I think I've seen a service like this in the US that they help people with their claims but is it really possible to happen with those companies that have already filed for bankruptcy?
You have seen a service like this that allows users to trade their claims?  This is a first one for me, and I won't lie to you. I don't trust it any single bit We should not trust it because this service was created and being run by one of the biggest crypto leverage gamblers of the cryptospace. He is also known for using his other crypto hedgefund friends and followers as exit liquidity. He had influence over the Defi trading community before. If he shares something bullish on a coin or token, the price will pump and what he is really doing is dumping on them hehehehe.  |
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For mass adoption I don’t think it’s necessarily more services that need to be created as much as it is the basic acceptance of crypto for existing services. El Salvador being a good example. The government could kick off mass adoption by just announcing that Bitcoin is legal currency. When you can use it to purchase everything that a dollar could buy, then we’ll see mass adoption.
However, in El Salvador the government did declare bitcoin as legal tender but mass adoption has not occurred. I reckon that from this observation there should be something more in bitcoin that people think they need to use it. I speculate that if Defi and NFTs come to bitcoin, this might bring more adoption and acceptance in 5 years than it has for the last 10 years. |
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Bitcoin price has currently increased overnight. For a long time, the price of Bitcoin was between 20k and 22k, from where the price has increased and now it has touched 27k. I can roughly predict that Bitcoin price will touch 30 in March. Because there is good news in the future of Bitcoin and Bitcoin Halving is waiting ahead. According to the cycle, Bitcoin grows exponentially every three to four years.
I am always skeptical and cautious when there is a pump, however, it also appears that there is more spot buying of bitcoin than buying bitcoin with leverage. The price has pumped to touch $28k but the open interest today is presently still lower than the open interest on November, 2022. This implies that it is not leverage pumping bitcoin and it might also imply that the next dump might not have as much volatility. |
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