An illegal casino with such big revenue cannot operate without the blessing of government officials. I am sure a large sum of that revenue was being paid to higher people to keep them operational. Something might have gone wrong and these guys got busted. Corruption is everywhere and in a third world country it is rampant
Obviously some of the bureaucrats and the government officials will be involved in the operations. But the problem is that not all of the officials will be corrupt and also, not all of the corrupt officials will be in the payroll of the illegal business. So running an illegal casino is a risky proposition. It can get closed down and the owners prosecuted at any moment. |
|
|
|
If you’re referring to cryptocurrencies that are backed by gold, I don’t see the difference, because holding a cryptocurrency that is said to be backed by gold is the same as holding gold I don't agree. In case of cryptocurrencies that are backed up by fiat currency or gold (there are quite a few of them in the market), the money is being held by someone else, and you are only holding a token. This goes against the original idea of cryptocurrency as proposed by Satoshi Nakamoto. By holding these tokens, you are not holding the real gold or fiat. Someone else claim that they are holding these assets for you. And there is nothing that you can so, if they vanish all of a sudden with all the funds. |
|
|
|
Actually SRH have always been highly dependent on their bowlers and these bowlers have shown them good results. Remember the 2016 IPL won by SRH. Only David warner and Shikhar Dhawan were two batsmen who batted for SRH contribution by rest of the batting unit was negligible. While it was primarily their bowlers like Bhuvaneshwar, Mustafizur, Sran and Henriques which helped them win that IPL.
Warner and Bhuvaneshwar are still there, but the current team is quite different from what they had 4 years ago. The spot of the 5th bowler is still a weak point for SRH. In fact I would say that they have only two bowlers who perform consistently (Rashid Khan and Bhuvaneshwar Kumar). The fact that substandard bowlers such as Khaleel Ahmed and Sandeep Sharma are regulars in the squad tells a lot about the quality of their bowling lineup. |
|
|
|
|
This is actually surprising. Usually the hackers wait for a few years, before they cash out their loot. In this case they seems to be in a hurry. Not much has been done to hide the transactions by mixing the coins, and they are using the established exchanges to do the crypto-to-fiat conversion. Either the thieves are very experienced players, or they are over-confident noobs.
|
|
|
|
|
As far as I know, none of the supermarkets around the world accepts direct payments in Bitcoin. It is not very practical, due to high transaction fees, volatility in the exchange rates and time required for getting the confirmations. What you can do is that you can convert Bitcoin to supermarket gift cards (using sites such as Bitrefill) and you can make the payment using these gift cards.
|
|
|
|
|
I have been active in this forum for almost 8 years and this is the first time I am hearing that the authorities have confiscated a cryptocurrency hardware wallet. Tens of millions of individuals use cryptocurrencies, and a lot many of them use hardware wallets as well. Many of them keep these wallets in their backpacks, when they do international travel. Never heard that anyone had issues with the wallet at the airport.
|
|
|
|
In this corona,some hidden money had play a vital role.And it's one of the cause of the rise of demand of the gold.Secondly many marriages was get into action and increase the demand of gold in the market.The gold merchant made a statement of,the demand is high and we can't get gold to corona.Like this the price of gold reached the new high price.
Lol.. what is the relation between the number of marriages and gold price? Even if there is some relation, how can you claim that the number of marriages are increasing now? At this time, the number of marriages should actually go down, due to lockdowns and other restrictions. So if your theory is correctm then the gold prices should decline now, right? |
|
|
|
I guess Iran is having surplus electricity and petroleum, since they can't sell their crude oil as a result of the UN embargoes and sanctions. Most of the financial transactions using fiat cash are monitored by international agencies and therefore it is not easy to indulge in cross-border trade. At this point, Bitcoin will be one of the few options available for the regime, to circumvent the sanctions. But if they use Bitcoin for this purpose, then we can expect the US authorities attempting to prevent that loophole.
Agreed. Iran should mine Monero, I reckon. The hardware for mining is easier to obtain, the transactions are hidden and the price is very cheap. There is certainly more benefit for them. FBI is trying hard to find a bug, so that they can trace back the XMR transactions. As far as I know, they had little success so far. But the biggest issue in using Monero is not the concern about anonymity, but the liquidity of that coin. XMR is not listed in a lot many exchanges, and even in those exchanges where it is listed, the liquidity can be quite low. That said, there is always the option of exchanging it through P2P platforms. |
|
|
|
The illegal casinos are too smart to smell from the officials' investigation, and they can always move to the new places to continue their business. They have a back up from the corrupt officials, which always tells them if there is an operation to chase the illegal casinos. But some illegal casinos already seized, and the owner gets jailed, but that is for formality only because in a short time, the owner will get free and the owner can rerunning the casino. But this time, they will get support from the corrupt officials because that is hot money for the officials.
The problem with running an illegal casino is that it is not practical to bribe all the bureaucrats and politicians. Obviously they will have a few in their payroll, but the others will try to hurt the business. Sometimes the casino may be owned by politicians or other high ranking officials. Even in such cases, they will find themselves in trouble when the owner loses his power or influence. |
|
|
|
That's what keeps the current price of bitcoin holding up and doesn't want to go below $ 10k, we all see it continues to be above $ 10k, so a very small supply will probably get people to take their tickets to go with the people currently inside Big train, yesterday's bitcoin halving put less bitcoin in the print
If the supply was getting squeezed, then we would be witnessing a sharp increase in the exchange rates. That hasn't happened. The supply is still close to the previous level (i.e the one we had before block reward halving in May 2020), because someone is still dumping BTC in the market. Or it may be due to the lack of demand. I would say that the first scenario (dumping) is having a higher probability. |
|
|
|
Most of the forecasts and polls don't mean anything until first debate in few days. Good luck americans if you vote for Joe Biden after all his weird comments, like this for example where he claimed he was elected for Senate 180 years ago  : https://twitter.com/Not_the_Bee/status/1310027749768278023What do you really expect from a 78-year old, who is suffering from all sorts of health issues? If he wins the election, then he will be a puppet and Kamala Harris will be the real president. Anyway, if he passes away before the end of his term, Kamala will be promoted as the president. Given her ultra-left leaning, that will destroy the United States once and forever. The presidential election of 2020 is not between Trump and Biden. In reality it is Trump vs Kamala. |
|
|
|
Yea they can leave it as is as long as they want, but it would make more sense(in my opinion) if they just mix/coinjoin them right now and let the coins sleep for a certain amount of time, and just move out the coins in small increments as to not raise suspicion.
The PlusToken scammers have been liquidating their stolen stash using exchanges such as Huobi, and no one is able to freeze those funds. The problem is that stolen KYC information is available relatively cheaply in the dark market and it is not that difficult to set up a fake exchange account. Coins will be traded using fake exchange accounts, and the funds will be withdrawn using fake bank accounts. No one can do anything about it. |
|
|
|
Today we have another big match coming up between Delhi Capitals and Sunrisers Hyderabad. DC has not lost a single match yet and SRH has not won any match till not. SRH will try to get their first win and DC will want to continue the unbeaten record. I don't know who is going to win, but I will tell you one thing. If the match goes to the super-over, then the Delhi Capitals will win. Because they have Kagiso Rabada, who is the sole super-over specialist playing in this IPL. Both the teams have strong batting lineups, and quite average bowling attack (apart from Rabada for DC and Rashid Khan for SRH). The bowling is so weak, that they are forced to include very average players such as Avesh Khan, Amit Mishra, Sandeep Sharma and T Natarajan. |
|
|
|
Just a few minutes back, I was able to login to my account with Kucoin. So I guess they are allowing the users to either trade their assets or to withdraw them. None of us want to store our coins in any of the cryptocurrency exchanges. But those who do frequent trading may be tempted to do so, since withdrawals can be quite expensive with Kucoin. The last time I checked, their withdrawal fee was BTC0.0004. So it is not very economical to do deposits and withdrawals very frequently, if you are a trader.
Part of the reason why traders stored their assets inside the exchange, but if you do this kind of trades, there are options that you can deal as alternatives, you can easily convert your assets to another coin to lessen the fees. The statement was right. not your keys not your coins, no other choice if such hacked happened you are affected together worth your money. Converting assets in to another coin, in order to lower the fees is not a good move in my opinion. For example, if you are converting BTC to BCH, then you need to pay the trading fee (although it can be as low as 0.01%). Then you need to pay the fee again, when you convert this BCH back to BTC. And then you have to deal with the volatility in the BCH exchange rates. I would rather pay the high fees. Wrong, Withdraws are very cheap with Kucoin. Other exchanges usually charge 5-10USD for a BTC withdraw.
Anyway, if you are a trader, you always have open trades on an exchange, so you need to keep funds there, obviously...
Hmm.. compared to the other exchanges, yes. |
|
|
|
that's good news if the dominance of Bitcoin goes down, it's likely that altcoins will also go up,
compare with the dominance of bitcoin when it goes down in 2018, altcoins go up high,
and altcoin season occurs, if the dominance drops to 30% I'm sure altcoin season v2 will come
Well.. the altcoin market cap has gone up during the last 2-3 months, but the most noticeable increase has been for the stablecoins. Take the case of Tether. It increased it's market cap by almost 4x since the beginning of this year (from $4 billion to $16 billion). The increase in altcoin market cap partly comes from the listing of new coins, such as Polkadot and Crypto.com Coin. |
|
|
|
Right. We will see what will happen with that. But I am not sure if that number will decrease in a short time. Instead of reducing the debt, the US can make its debt bigger in this pandemic. I am just worried about their people who can not survive if the pandemic continues until the next year. The next candidate will have difficult work to make the situations better.
Trump has sanctioned hundreds of billions of USD worth of handouts and huge stimulus packages, to strengthen the economy during the recent months. As a result, the federal debt grew larger. But at the same time, these measures helped a lot of people who lost their jobs during the pandemic. But the question is for how long this situation can go on. Already 6 months have passed and there is no sign of any slowdown in the spread of the infections. |
|
|
|
One good thing is people didn't lose their money, and this is another lesson for the traders who never should store their cryptos on exchanges or better move to decentralized exchanges. What is the status of the exchange right now? They are back into the action with resolving their security flaw?
Just a few minutes back, I was able to login to my account with Kucoin. So I guess they are allowing the users to either trade their assets or to withdraw them. None of us want to store our coins in any of the cryptocurrency exchanges. But those who do frequent trading may be tempted to do so, since withdrawals can be quite expensive with Kucoin. The last time I checked, their withdrawal fee was BTC0.0004. So it is not very economical to do deposits and withdrawals very frequently, if you are a trader. |
|
|
|
So what ware you doing here on the crypto bitcoin forum when you think fiat is better than bitcoin. Tell me you need to send money form one country to another, how much you pay the fee ? Do you think Western union and other services work free of cost ? Bitcoin is still the cheapest way to move the fund quickly and cheaply. He didn't said that fiat is better than Bitcoin. He was just saying that in fiat, we don't need to pay this much as transaction fee. 99% of the users don't need to send money from one country to the other. So there is no point in saying that Bitcoin is cheaper for cross-border transactions. Bitcoin is not the cheapest way to move funds quickly and cheaply. 99% of the transactions involve moving of medium-sized amounts from one wallet to the other and for that purpose Bitcoin is not very suitable. |
|
|
|
Total market cap: $349,136,990,486 ( -0.15%) Bitcoin: $201,626,854,355 (57.750%) Bitcoin forks: $7,646,560,473 (2.190%) Stablecoins: $19,380,144,057 (5.374%) Altcoins: $120,483,431,601 (34.685%) This is the change compared to my last post: Bitcoin: +0.912%
Bitcoin forks: -0.032%
Stablecoins: +0.376%
Altcoins: -1.256%September 15, 2020.
Entry of new coins such as Polkadot is disturbing the equilibrium, and at the same time the market cap of Stablecoins continue to rise.
Total market cap: $349,646,467,839 (+6.42%)
Bitcoin: $198,730,984,178 (56.838%)
Bitcoin forks: $7,768,722,149 (2.222%)
Stablecoins: $17,976,664,215 (4.999%)
Altcoins: $125,170,097,297 (35.942%)
This is the change compared to my last post:
Bitcoin: -0.905%
Bitcoin forks: -0.064%
Stablecoins: -0.036%
Altcoins: 1.005% |
|
|
|
|
I am not surprised. The total number of deaths from the COVID 19 pandemic has crossed the 1 million mark, and out of that more than one-fifth has been from the United States. In some of the countries (such as the United Kingdom and France), the peak stage is over and the number of new deaths are less than one-tenth of what they had during the peak phase. But in the US, the peak is not yet over. And in such a situation, it will be difficult to say when the economic recovery would start.
|
|
|
|
|
Show Posts
