An occasional withdrawal of $2k will not alert the site, I reckon. This amount still is 5x far from the amount of $10k where the site must comply with KYC and AML regulations and report any transactions exceeding $10k.

This article is about KYC and AML requirements on money service businesses, cryptocurrency exchanges and custodian services, however, compliance requirements might also be similar for online gambling sites.

Also, this is nothing problematic if you did not do anything illegal. Similar to fiat gambling services, KYC has also become a regular procedure for gambling services in the cryptospace.



AML programs need to stipulate what KYC information will be collected, as well as appoint a compliance officer to monitor and oversee transactions. To stay compliant, AML programs must be able to identify and report suspicious activity and file Currency Transaction Reports (CTR) for transactions in excess of $10,000.

Source https://getid.com/aml-kyc-crypto-exchanges-wallets/

It appears I saved myself from wasting time. I reckon the game would only be watched from the beginning to the end in excitement if someone made a bet with his whole life savings and his car on either of those teams?

@ChiBitCTy. You did not like Raheem Mostert, I will be holding him for you hehehe. I am speculating that he will be getting more snaps with Bridgewater as QB1. He will be a good flex option also or an RB2 in some weeks.

It appears that it was not only the people from social who has noticed about Jim Cramer's bad predictions and bad declarations. Tuttle Capital Management has filed for an application to create and list an Inverse Cramer ETF hehehehe. This might cause Jim Cramer to be more careful in his predictions.



Inverse Cramer ETF becomes reality

Tuttle Capital Management has filed to launch two ETFs going short and long the views of celebrity analyst Jim Cramer.

Source https://www.etfstream.com/news/inverse-cramer-etf-becomes-reality/

I have not entered the cryptospace when Mtgox had their own leaks and problems. However, I read some articles and I have heard about some people's bad experiences.

Also, agreed! It is a big understatement. It is a breach of privacy and those users will certainly be in a list somewhere for scammers and darknet criminals. The IRS and other government agencies might also be studying the list hehehe.

We should not be very disapproving about new developments in the cryptospace. Very much similar when bitcoin was created and developed, many people misunderstood it. NFTs might be in a similar type of situation. I agree that much of the NFTs that are presently minted are worthless, however, this does not imply that NFTs will never have any good use cases.

I predict that the next great crypto phenomenon that will bring millions of new adopters in the cryptospace will be through NFTs.

It appears mining revenue for the most efficient of miners will break even only if bitcoin continues to go down on $10k, according to Wes Cummins the CEO of Applied Blockchain. I am not quite certain if he is really an expert on bitcoin mining, however, assuming that what he has said is true, bitcoin is presently very safe from the mining death spiral.



So if Bitcoin continues to go down, the most inefficient operators are going to go offline, the more efficient operators make more tokens from their hardware, so it’s a little bit self-correcting. But that’s kind of the levels. $10,000-ish right now, depending on your hardware or you electricity costs, is the variable break-even, and $20,000 is the break-even to buy new hardware, or even a little bit above that.

Source https://www.thestreet.com/video/price-bitcoin-not-worth-mining

There is an article that was published in a mainstream media outlet saying that Celsius executives have withdrawn at least $17 million of their money before freezing withdrawals for their customers. However, this is not the only problem. It appears Celsius has also made public a court document containing all their users' names, transaction times, and amounts of deposits and withdrawals. This is certainly a very serious breach of privacy.



Gizmodo has uploaded the latest Celsius court filing, which totals over 14,000 pages, to the Internet Archive for anyone who really wants to get into the nitty gritty of the bankruptcy case. It appears the filing is so large because it seems to have the names and recent transactions of every user on the platform.

Source https://gizmodo.com/celsius-execs-cashed-out-bitcoin-price-crypto-ponzi-1849623526

@NeuroticFish. Is that the excuse for using taxpayer's money to speculate and gamble on bitcoin? He is gambling his future in politics? That is a very head shaking argument because behind every politician's move there is always a hidden agenda. We as natives of the cryptospace and holders of bitcoin should know this by now. I am not quite certain why the community likes to defend him. Is it because he is acting very much similar to those annoying and embarassing bitcoinbros?

I would not trade Penny if I had him. He will be very useful as a RB3 if one of your starting running backs is in the IR list. This is according to some fantasy players in social media hehehe.

Are you not disappointed with Najee Harris? I had him last year and he is not the same player. But it might be an attractive trade if you pair him and London for a better running back hehe.

It might be Stafford's shoulder or much of the opinions everyone made on him when he was playing for the Lions might be true? His true colors are showing?

Hehehehe agreed. However this is being hyped in the some news articles and in social media already. It also appears this chicken legs will be uncle Dana's next candidate after Cyril Gane to bash Francis Ngannou. If Bones Jones is the winner, he might be much easier to control by the UFC in contract dealings. Ngannou has rejected all proposals from the UFC and as we have witnessed, he has become a problem.

Agreed that the bull market will return and anyone who invested in bitcoin will have a return on their investment, however, Bukele a highroller? I would not call him that. He is a government official who took the risk by using taxpayer's money to speculate on bitcoin hehe.

Cryptocoin laundering through an exchange that is centralized is very risky and not very advisable, I reckon. Use a decentralized exchange that swaps Bitcoin to Monero then hold everything in Monero. If the hacker does not like everything in Monero, he can also swap from Monero to Ethereum then swap them to different Defi tokens, stablecoins or buy bluechip NFTs.

I reckon hackers that want to launder stolen funds should avoid using bitcoin as the only moneylaundering mechanism because of services similar to Chainalysis and Elliptical that are scanning all of our transactions.

This is what I have been speculating! Now it will become true! Inoue clearly has the talent and he should not be another ordinary champion. He deserves a similar status to Mayweather and Pacman, I reckon.

If he challenges Stephen Fulton, Fulton should challenge Murodjon Akhmadaliev and unify the super bantamweight championships first hehehee. It will be the first time in boxing history where 2 undisputed champions will be fighting in the ring. However, if Fulton does not unify the championships in super bantamweight, Inoue might do it hehe.

The government has been always known to control the storylines and support them with regulation to manipulate where the people spend their money and the flow of where money goes. It is presently the beginning of a recession, it would not be very shocking for everyone if the government of UK is beginning a campaign for people to throw more of their money in the lottery where they have no chance of winning hehehe. Lotteries are cash cows of the government.

Agreed! A stable price for bitcoin would also help rebitcoinize the cryptospace where bitcoin would again be used to price altcoins and be used as the first choice for trading against altcoins, very much similar before 2017.

I have speculated before that stablecoins will be regulated and used by regulators to control the liquidity of how much comes in and comes out of the cryptospace. This is very dangerous and another method for them to manipulate the market. This can be avoided with bitcoin, I reckon.

I very much agree.

On El Salvador, I have asked this before, however, I have not gotten an answer. Would it not be more advantageous for El Salvador if they used Jack Mallers' original plan for Strike of using Tether USDT as the currency and bitcoin's network as the medium of transport? I reckon Bukele would have the advantages of the dollar without owning a Federal Reserve money printer hehehe.

Are you still looking for a running back? Raheem Mostert is presently available in the waiver wire hehehe. He is not very consistent, however, his weekly projections appear to be good enough if you use him as a back up for your team. I would add him if I did not have Rhamondre Stevenson and Antonio Gibson already hehe.

@adaseb. Jim Cramer might be traditional finance's version of John McAfee hehehe. All of his tweets and recommendations are for sale but instead of ICO tokens and scamcoins, he tweets on social media about stocks or talks about them on CNBC. Everyone who is arguing in his defense should begin to be more skeptical of him.

Agreed, it is very hard and very hard to use bitcoin as a store of value and a medium of exchange because of volatility. If you run a business, you can accept bitcoin, however, it would not be very good to hold them because of bitcoin's volatility against the currencies that are being used to pay for the business' expenses. If the argument is for the business owner to speculate on the price, that would be very head shaking if the arguers want the business owner to also become a speculator. It might bankrupt him.


However, for the holder who has bought bitcoin when it was more than $50k, the reduction in his wallet's value has reduced by more than 50%. What if he presently needs the money because of an emergency?

@cr1776. I made a similar argument like that already, however, @Betwrong's argument based on Chainalysis' data is different. It is telling everyone that crinimal usage of bitcoin is very low. I reckon this might give the antagonizers another argument. They will also begin to say that bitcoin is a ponzi and only good for speculation without creating much value for society.

Also, if there is really a shortage of electricity, what will common society demand to be turned of first? The bitcoin miners or the things that they consider more important to them like the factories that create their goods or the banks that run their financial fiat system? We bitcoin users are only less than 1.5% of society.