Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[JayJuanGee]

https://twitter.com/stephendpalley/status/1311694266389929986

BREAKING: CFTC sues Bitmex, Arthur Hayes "to enjoin their ongoing illegal offering of commodity derivatives to U.S. persons, their acceptance of funds to margin derivatives transactions from individuals and entities in the U.S., & their operation of a derivatives trading platform

yay the drama we need

Who is this Hayes character??

He has teeth like JJG nullius has words...

Whoaza!!!!!!

That mustn't be yours truly...    

Surely, you mustv'e been referrening to some udder peep.  

See proposed change above.

https://twitter.com/stephendpalley/status/1311694266389929986

BREAKING: CFTC sues Bitmex, Arthur Hayes "to enjoin their ongoing illegal offering of commodity derivatives to U.S. persons, their acceptance of funds to margin derivatives transactions from individuals and entities in the U.S., & their operation of a derivatives trading platform

yay the drama we need

Who is this Hayes character??

He has teeth like JJG has words...

Big collection, no particular order?  

You're right ... Arthurs teeth make way more sense than JJG.

That assertion might have some truths to it.  

Pics of those teeths tend to present admireably as:  BIG, scary and organized.

[edited out]

My speculation is that direction.  They are some of the most honest pirates on the high seas.  I bet they are not even fractional.  

We just don't want the gvmt getting a hold of enough of the keys.

Wonder if Hayes uses the insurance fund for lawyers... could make sense.

The other three Bitmex representatives who were charged gotta be feeling some kinds of pressures, currently.  I would imagine that they have decent amounts of moneys that they can spend on attorneys, and they may even be able to garner some sympathy donations, too (from the bitcoin community, and perhaps even some shitcoiners might be willing to send value in such legal defense direction, too).

BitMEX has got a large stash :  the insurance fund of 21k btc...

them feds are hungry for bitcoin. I did read that the silkroad btc the us Marshall service had auctioned off would be worth $1 billion today.

ditto

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[Last of the V8s]

[marcus_of_augustus]

https://mobile.twitter.com/Crypto_Bitlord/status/1311732757995745283

https://twitter.com/Crypto_Bitlord/status/1311731052575039488

Arthur is true crypto freedom fighter, you got 24 hrs.

[podyx]

Will there still be a $100k party?

Just curious

[rdbase]

BitMEX has got a large stash :  the insurance fund of 21k btc...
them feds are hungry for bitcoin. I did read that the silkroad btc the us Marshall service had auctioned off would be worth $1 billion today.

Just because the founder(s) are indicted doesn't mean they can't still operate.
FBI are in talks of prosecuting them in United states laws yet they are operating from another country so I can't see them going under.
Yeah, he seems to be the king of the jungle there.

https://bitcoinexchangeguide.com/bitcoin-price-crashes-450-on-bitmex-ceo-arthur-hayes-other-founders-indicted-on-criminal-charges/?amp=1
The CTFC and DOJ are looking to sue them.
https://www.coindesk.com/bitmex-cftc-enforcement

It would interesting to see how they get out of this one by the skin of their (Hayes's) teeth!

[Last of the V8s]

fake twitter accounts, marcus. arthur hasn't tweeted yet

withdrawals confirmed now though https://twitter.com/WhalePanda/status/1311733570642284554?s=20
and by @criptix above

[JayJuanGee]

Will there still be a $100k party?

Just curious

Yes, curious one. There will be.  

Hopefully, you are still pee paring ur lil selfie for such party, including pee paring ur lil selfie for UPpity.

Such party has been delayed by approximately two weeks.^tm 

You heard it here, first.

[Torque]

(Fake) Arthur thinks he is untouchable, spouts a snide comeback, but then...



Owned.

[Last of the V8s]

maybe they can be bothered to black helicopter Arthur in from the cold  

wtf is Brandt on about there. too many dinosaurs having opinions all over the place  

[600watt]

sry for off topic but I just had a neuron pop in my brain and the idea is to create an ERC20 shitcoin and get it listed on cmc. we gonna name the coin theDIP. and holy fuck we will get all this free advertisement from bitcoiners all over the world!

BUY THE DIP! 

[criptix]

Official statement from Bitmex:

[Forwarded from BitMEX Announcements]
United States CFTC & DOJ filing
In response to reports of the U.S. Commodity Futures Trading Commission and Department of Justice's decision to file charges against HDR Global Trading Limited and related parties, we have the following statement:

“We strongly disagree with the U.S. government’s heavy-handed decision to bring these charges, and intend to defend the allegations vigorously. From our early days as a start-up, we have always sought to comply with applicable U.S. laws, as those laws were understood at the time and based on available guidance.”

In the meantime, the BitMEX platform is operating entirely as normal and all funds are safe. To allay any potential customer concerns, pending withdrawal requests were processed at 17:45 UTC, in line with our standard procedures. We will process another off-cycle withdrawal at 08:00 UTC, 02 Oct 2020, and then 13:00 UTC, as usual.

If you have any further enquiries, please contact Support: https://www.bitmex.com/app/support/contact

[cAPSLOCK]

fake twitter accounts, marcus. arthur hasn't tweeted yet

withdrawals confirmed now though https://twitter.com/WhalePanda/status/1311733570642284554?s=20
and by @criptix above

Yeah when I saw that I though, wait a fuc.... oh nevermind.

Hayes is a LOT of things, and bold is one of them... even a bit of an asshole from time to time on social media.

But he is NOT a fool.

[cAPSLOCK]

maybe they can be bothered to black helicopter Arthur in from the cold  

wtf is Brandt on about there. too many dinosaurs having opinions all over the place  

Brandt is astutely pointing out why this matters, and why it is good for Bitcoin.  (not that much of a fan of his... but he's right here)

[Last of the V8s]

cryptos are a financial derivative?

[nullius]

cryptos are a financial derivative?

If you start with the premise that all value derives from government-mandated, central bank-issued money, you squint really hard, and you abuse hallucinogenic substances, then—maybe it begins to look like that.

I am just trying to guess what Brandt means.

Brandt is astutely pointing out why this matters, and why it is good for Bitcoin.  (not that much of a fan of his... but he's right here)

WTF?  How is Brandt right?  And how is regulation good for “cryptos”, as of which he spoke?

[Last of the V8s]

Official statement from Bitmex:

[Forwarded from BitMEX Announcements]
United States CFTC & DOJ filing
In response to reports of the U.S. Commodity Futures Trading Commission and Department of Justice's decision to file charges against HDR Global Trading Limited and related parties, we have the following statement:

“We strongly disagree with the U.S. government’s heavy-handed decision to bring these charges, and intend to defend the allegations vigorously. From our early days as a start-up, we have always sought to comply with applicable U.S. laws, as those laws were understood at the time and based on available guidance.”

In the meantime, the BitMEX platform is operating entirely as normal and all funds are safe. To allay any potential customer concerns, pending withdrawal requests were processed at 17:45 UTC, in line with our standard procedures. We will process another off-cycle withdrawal at 08:00 UTC, 02 Oct 2020, and then 13:00 UTC, as usual.

If you have any further enquiries, please contact Support: https://www.bitmex.com/app/support/contact

leader of the first citadel?

[cAPSLOCK]

cryptos are a financial derivative?

I would imagine there are some big money interest behind this move...  someone else wants Hayes' action.

[cAPSLOCK]

cryptos are a financial derivative?

If you start with the premise that all value derives from government-mandated, central bank-issued money, you squint really hard, and you abuse hallucinogenic substances, then—maybe it begins to look like that.

I am just trying to guess what Brandt means.

Brandt is astutely pointing out why this matters, and why it is good for Bitcoin.  (not that much of a fan of his... but he's right here)

WTF?  How is Brandt right?  And how is regulation good for “cryptos”, as of which he spoke?

It's not really that regulations are good... it's that the big dogs are really starting to step up.  They have to, so they can try to control Bitcoin next and be the next to get destroyed by it.

That's what I think is good... maybe Brant isn;t thinking that many levels deep.  Maybe I am just gassy.. Dunno.

[cAPSLOCK]

Also... if this is handled like all the rest of how Bitmex has worked and there are no big gotchas it's also gonna light a fire once people start to realize it's all gonna be OK.

Markets are acting like China has banned bitcoin(tm) again!

[explorer]

Also... if this is handled like all the rest of how Bitmex has worked and there are no big gotchas it's also gonna light a fire once people start to realize it's all gonna be OK.

Markets are acting like China has banned bitcoin(tm) again!

As per Usual.


  I've been out of the loop - has China still been banning BTC on regular intervals the last couple years?