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441  Bitcoin / Legal / Re: Nigeria vs Binance on: March 07, 2024, 08:37:21 AM
https://www.bbc.com/pidgin/articles/c25817r8wk8o
Nigeria goment demand $10 billion in damages from Binance
It is like a joke from Nigerian government as their macroeconomics is their national problems that cause the decrease of purchasing power of Naira, not Bitcoin or Binance is the cause.

Their Naira rate to US dollar drops from 0.0068 in March 2009 to 0.00064 in March 2024, it is not caused by Binance.

Quote
What is this? The Nigerian government thinks that if CZ paid 4 billion to the US government, then it will agree to pay Nigeria?
They are too naive to think that Binance and CZ will accept this case. CZ already stepped down as Binance CEO months ago but Binance have no solid reason to accept this request and they even don't negotiate with it. It can be a precedent case for other nations to arbitrarily suit Binance and ask for money.

If Nigerian government succeeds with Binance, they will do the same with other exchanges. Good opportunity for them to get money.
Binance operates in many countries through lobbying. To accuse Binance and collect a large fine from it, you will have to go to an international court, where Binance has much more experience. I see the experience of different exchanges when it is not profitable for them to obtain licenses in many countries, because this requires an office in this country and the necessary number of staff.
442  Local / Русский (Russian) / Re: Я устал, я ухожу on: March 07, 2024, 08:27:44 AM


Вы ошиблись локалом, я как русский не могу на такое донатить и этому способствовать.
443  Alternate cryptocurrencies / Altcoin Discussion / Re: Stablecoins and Blacklists on: March 06, 2024, 11:05:22 AM
https://www.ibtimes.com/tether-blacklists-4-usdt-wallets-1-20-million-balance-3726396
Tether Blacklists 4 USDT Wallets, 1 With A 20 Million Balance
"Two of the wallets blacklisted Tuesday each had a USDT balance of $500,000
Tether blacklisted 28 wallets in December that allegedly "received billions" in USDT
It voluntarily froze around $225 million in USDT in a November collaborative operation with the DOJ"

Tether Introduces New Policy to Strengthen Ecosystem Security
https://tether.to/en/tether-introduces-new-policy-to-strengthen-ecosystem-security/
"In December 2023, the company announced that it was introducing a new policy according to which it would freeze all wallets included in the US Treasury sanctions list."
444  Alternate cryptocurrencies / Altcoin Discussion / Re: US Spot Ethereum ETF on: March 06, 2024, 11:00:11 AM
https://cointelegraph.com/news/sec-delays-ethereum-etf-applications-blackrock-fidelity
"SEC pushes back BlackRock, Fidelity spot Ethereum ETF proposals
The SEC has again delayed its decision on spot Ethereum ETF applications from BlackRock and Fidelity as analysts continue to tip May as the month to watch."

___
I have no doubt that BlackRock and Fidelity will achieve their goals. But I have big doubts about other cryptocurrencies and the SEC will severely punish other large projects.
445  Bitcoin / Bitcoin Discussion / Re: Is the newly minted USDT, a driving force to surge of BTC ? on: March 06, 2024, 10:56:18 AM
https://www.microstrategy.com/press/microstrategy-announces-proposed-private-offering-of-600-million-of-convertible-senior-notes_03-04-2024
"March 4, 2024 — MicroStrategy® Incorporated (Nasdaq: MSTR) (“MicroStrategy”) today announced that it intends to offer, subject to market conditions and other factors, $600 million aggregate principal amount of convertible senior notes due 2030 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). MicroStrategy also expects to grant to the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $90 million aggregate principal amount of the notes. The offering is subject to market and other conditions, and there can be noassurance as to whether, when or on what terms the offering may be completed."
__
Guys, you must agree that such euphoria cannot last long.
446  Bitcoin / Legal / Nigeria vs Binance on: March 06, 2024, 10:43:27 AM
https://www.bbc.com/pidgin/articles/c25817r8wk8o
Nigeria goment demand $10 billion in damages from Binance

"Dis na sake of di allegations say di cryptocurrency platform dey cause massive losses for di kontri becos dem dey fix exchange rate.

Di goment say Binance don influence di increase in foreign exchange rates through how dem dey speculate di currency for di kontri wey don make di Naira fall by almost 70% in recent months.

Bayo Onanuga, one of di tok tok pesin for president Bola Tinubu say goment bin see di effect of Binance operations for Nigeria.
 
“Di platform dey fix di exchange rate for di kontri and na illegal rate. Di CBN na di only authority wey fit fix exchange rate for di kontri.”"
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What is this? The Nigerian government thinks that if CZ paid 4 billion to the US government, then it will agree to pay Nigeria?
447  Bitcoin / Legal / BIS issues regulatory recommendations for global stablecoin arrangements on: March 06, 2024, 10:35:04 AM
https://www.theblock.co/post/280063/bis-regulatory-recommendations-stablecoin-arrangements
The Bank for International Settlements has issued recommendations for the regulation, supervision and oversight of global stablecoin arrangements.

"The Bank for International Settlements has proposed recommendations for regulating global stablecoins.

In a summary of recommendations issued on Thursday, the BIS described GSCs as widely adopted stablecoins with a potential reach and use across multiple jurisdictions. "A GSC could become systemically important in and across one or many jurisdictions," the BIS said. "

https://www.bis.org/fsi/fsisummaries//global_stablecoins.pdf
___
The document is small and worth reading. And in practice, such recommendations will soon become mandatory. And stablecoins will have the same requirements as international currencies, which means total KYC and all other delights.
448  Bitcoin / Legal / SEC vs Ripple continuation of the story on: March 06, 2024, 10:26:54 AM
https://coinpedia.org/news/unraveling-allegations-of-ripples-xrp-price-surge-using-bot-manipulation-claims/
Ripple Hit with Bot Manipulation Claims, But XRP Price Unfazed
"Ripple faces new accusations of using bots to manipulate XRP prices in 2015 and 2016, according to court documents.

Despite the lawsuit and bot allegations, XRP's price continues to rise, reaching $0.58 and potentially aiming for $0.64.

Technical indicators suggest continued growth for XRP, but experts advise caution."

____
I'm not interested in Ripple, but I still think that the SEC will not give up trying to persecute Ripple
449  Alternate cryptocurrencies / Altcoin Discussion / Re: DeFi hacks [history] on: March 06, 2024, 10:18:55 AM
https://unchainedcrypto.com/ordizk-team-allegedly-steals-1-4-million-in-exit-scam/
OrdiZK Team Allegedly Steals $1.4 Million in Exit Scam
"The team behind cross-chain bridging protocol OrdiZK appear to have stolen $1.4 million worth of ether from users, after allegedly draining tokens from the project contract and deleting its website and social media accounts."
450  Bitcoin / Legal / Re: Can Bitcoin save a nation that owes a lot of money / Debt on: March 06, 2024, 10:16:36 AM
No. Countries like Pakistan, if they want to get out of the hole, have to start by spending less than they earn. Exactly the same thing happens as in a family or a company, not expecting a magical investment to get you out of trouble.

The value of the bitcoins purchased by El Salvador is $150M and the GDP is around $34 billion, meaning that the price increase, although not go bad, will not have a very significant impact.

For a country's debts to decrease, its economy must develop. Buying Bitcoin does not increase the economy.

Well, unless you become famous for making Bitcoin legal and attract investment for it, as has happened in El Salvador, that does help develop the economy. But you're right that just buying Bitcoin doesn't.
If I were the president of the country, I would not legalize Bitcoin. There is a very high risk of potential scam here. The first miners and users received bitcoins for a very small amount, and now one bitcoin costs more than $60,000.
If El Salvador now has unrealized profits, this does not mean that these profits will last forever. Prices are also falling.
451  Bitcoin / Legal / Re: Tether Cryptocurrency Becoming ‘Preferred Choice’ Among Money Launderers on: March 06, 2024, 10:05:02 AM
..snip
Are you really saying this so easily or is it just me?
In my opinion, CZ has already paid a very high price and his fate has not yet been decided.
There is no point in putting CZ in jail if he paid a large fine and signed all the agreements with the US government.

I was only speculating and I speculate that CZ's payment in exchange for a short time in prison for some charges but no charges of being a terrorist might have been part of the deal in the settlement. Also, you tell me that I can say this easily, however, you say that the American government would easily make CZ a terrorist without due process. I reckon it would be more difficult for CZ and the government if they went to court for this.
Personally, I have no doubt that CZ violated many American laws and would have no chance of winning in court. But if you use all due process against CZ, you'll have a lot of dirty laundry to unearth, and the US government probably isn't interested. The latest major cryptocurrency cases tell us that the US government makes deals with lawbreakers if they pay huge fines.
452  Bitcoin / Legal / Re: Montenegro Court Halts Extradition of Terra’s Do Kwon to the US on: March 06, 2024, 09:53:02 AM
In Korea, Do Kwon will most likely receive life imprisonment upon sentencing. In the USA, he could receive 10-20 years in prison, depending on the work of his lawyers and successful cooperation with the US authorities. But Do Kwon also has more money than Montenegro’s budget for the year, so Montenegro does not want to give up such a valuable criminal.

453  Local / Альтернативные криптовалюты / Re: DeFi - "Атаки" и Безопасность on: March 06, 2024, 09:46:58 AM
https://unchainedcrypto.com/ordizk-team-allegedly-steals-1-4-million-in-exit-scam/
"Команда OrdiZK предположительно украла 1,4 миллиона долларов в результате мошенничества с выходом
OrdiZK, недавно запущенный мост между Биткойном и Эфириумом, использующий доказательства с нулевым разглашением, был обвинен в мошенничестве с выходом.

В сообщении X от 4 марта компания CertiK, занимающаяся безопасностью блокчейнов, предупредила пользователей о том, что учетная запись развертывателя протокола сбросила значительное количество собственного токена OZK на децентрализованные биржи, заработав на продажах 1 миллион долларов. В результате продажи токенов цена OZK упала на 99% за считанные минуты. "
454  Local / Альтернативные криптовалюты / Re: Ripple on: March 06, 2024, 09:43:24 AM
"SEC: Ripple использовала торговых ботов для манипулирования ценой XRP
Комиссия по ценным бумагам и биржам США (SEC) предполагает, что компания Ripple использовала торговых ботов от GSR Markets для фальсификации торговой активности и поддержания курса XRP. SEC направила в судебные органы заявление о том, что компания Ripple систематически использовала торговых ботов, например, XRP 2t 6t, для проведения обезличенных транзакций, чтобы искусственно предотвратить значительное снижение либо способствовать росту рыночной цены XRP."

Подробнее на Bits.media: https://bits.media/sec-ripple-ispolzovala-torgovykh-botov-dlya-manipulirovaniya-tsenoy-xrp/
455  Local / Русский (Russian) / Re: Я устал, я ухожу on: March 04, 2024, 12:31:11 PM
Мы можем даже сбор объявить на отдых. На Мальдивы не соберем, но на пару капельниц витаминных хватит. Прокапаешся и в бой!
Ладно, так уж и быть. На что только не пойдешь ради поклонников. Организовывайте. Объявляю zasad@ моим доверенным лицом по сбору.
"Не твои ключи, не твои монеты"(С) Вы вначале огласите цель сбора и сумму.
456  Bitcoin / Legal / Re: Tether Cryptocurrency Becoming ‘Preferred Choice’ Among Money Launderers on: March 04, 2024, 12:27:17 PM
..snip
Are you really saying this so easily or is it just me?
In my opinion, CZ has already paid a very high price and his fate has not yet been decided.
There is no point in putting CZ in jail if he paid a large fine and signed all the agreements with the US government.
457  Bitcoin / Legal / Re: Can Bitcoin save a nation that owes a lot of money / Debt on: March 03, 2024, 10:14:08 AM
For a country's debts to decrease, its economy must develop. Buying Bitcoin does not increase the economy. The financial sector increases the economy only according to statistical data, but if the profits from this sector are not distributed to real sectors of the economy, such as manufacturing, agriculture, medicine, education and others, then the country will continue to borrow and depend on the policies of other countries.
458  Bitcoin / Legal / Re: Ilya Lichtenstein gives new testimony on: March 03, 2024, 10:06:10 AM
I’m glad that in my city people understand that a man whose daughter is studying in America and whose wife lives in Europe will not do anything good for Russia.

Oh, so the protest where against your foreign affair minster too?

Cause the daughter of Lavrov was not only born in the US because her mother choose to go there in her last month of pregnancy for her to be granted citizenship but also she attended New York’s Columbia University! So, say it, a guy like Lavrov is a traitor! I dare you ! Say it!
Or that piece of shit traitor Dmitry Peskov who sent his daughter to study in Paris! Say it  Grin Grin
https://edition.cnn.com/2022/04/12/us/kremlin-kids-in-the-west-invs/index.html

You people have been brainwashed till there is no trace of synapse dust there, eveything is bad in the western world yet every single one of your politicians sends his kids to European and american universities and buys mansions and villas in Europe and gets married and has children's there to get double citizenship.
But the europe bad, us terrible, russia stonk!

You have a very negative opinion about Russia because you read news that happens mainly in Moscow.

Lols at the ridiculous situation when one admits that jumping out of the window is how the justice works there, but it only happens in the capital, nothing bad!
Before the war situation, it was normal for the children of officials to study abroad, but now this number is greatly reduced. Lavrov and Dmitry Peskov do not criticize the authorities in Russia and work in Russia’s interests.
In Europe, they often block the bank accounts of former Russians who have already lived and honestly worked in Europe for more than 5 years; they impose restrictions on villas, mansions and other property, so there is no point in a Russian person obtaining dual citizenship.

459  Bitcoin / Legal / Re: Ilya Lichtenstein gives new testimony on: March 02, 2024, 12:13:41 PM

In your country whoever doesn't shout Sieg Putler jumps out of the window.
No matter how rotten the US system is it's still 10000 years ahead of the russian one!

When I study European or American legislation and their cases, I try to understand them and not just criticize them.
You have a very negative opinion about Russia because you read news that happens mainly in Moscow. Any political affairs are always dirty and any event in Moscow that is not agreed with the authorities will be closed.

If you look in the regions, after the death of Navalny, a couple of dozen idiot patriots gathered in my city of 1 million people, who shouted for a couple of hours and dispersed.
The police did not take any harsh measures, except for detaining a few rowdies.

I’m glad that in my city people understand that a man whose daughter is studying in America and whose wife lives in Europe will not do anything good for Russia.

And it’s really a pity that you judge the country by the events that take place in Moscow.
460  Bitcoin / Legal / Re: UK regulator issued 450 alerts for illegal crypto ads in 2023 on: March 02, 2024, 11:40:37 AM
Large corporations are interested in making a profit and are not interested in the governments of one or more countries. Therefore, the path of prohibition in IT technologies never works. In Russia, on March 1, 2024, all VPNs were banned Smiley, but I use VPN.
I have always called such prohibitions formal.
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