Online Cash Bitcoin Could Challenge Governments, Banks

Discussion in 'privacy general' started by nightrace, Apr 16, 2011.

  1. hawki

    hawki Registered Member

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    "Lost Passwords Lock Millionaires Out of Their Bitcoin Fortunes...

    Stefan Thomas, a German-born programmer living in San Francisco, has two guesses left to figure out a password that is worth, as of this week, about $220 million.

    The password will let him unlock a small hard drive, known as an IronKey, which contains the private keys to a digital wallet that holds 7,002 Bitcoin...

    Of the existing 18.5 million Bitcoin, around 20 percent — currently worth around $140 billion — appear to be in lost or otherwise stranded wallets, according to the cryptocurrency data firm Chainalysis..."

    https://www.nytimes.com/2021/01/12/technology/bitcoin-passwords-wallets-fortunes.html
     
  2. hawki

    hawki Registered Member

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    "Bitcoin Whales’ Ownership Concentration Is Rising During Rally

    About 2% of accounts control 95% of all Bitcoin...

    A few large holders commonly referred to as whales continue to own most Bitcoin. About 2% of the anonymous ownership accounts that can be tracked on the cryptocurrency’s blockchain control 95% of the digital asset, according to researcher Flipside Crypto..."

    https://www.bloomberg.com/news/arti...wnership-concentration-is-rising-during-rally
     
  3. Dermot7

    Dermot7 Registered Member

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    https://www.bbc.co.uk/news/uk-wales-55658942
     
  4. mood

    mood Updates Team

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    Mt. Gox exchange users may finally get to recover some of their lost Bitcoin
    90 percent of the remaining Bitcoin could be available to creditors.
    January 18, 2021

    https://www.engadget.com/mt-gox-bitcoin-users-recovery-153025831.html
     
  5. mood

    mood Updates Team

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    FinCEN Announces Intention to Require FBAR Reporting of Crypto Currency
    January 28, 2021
    https://www.jdsupra.com/legalnews/fincen-announces-intention-to-require-6987336/
     
  6. mood

    mood Updates Team

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    Indian government to introduce a law banning bitcoin
    January 30, 2021
    https://www.neowin.net/news/indian-government-to-introduce-a-law-banning-bitcoin
     
  7. hawki

    hawki Registered Member

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    "Tesla buys $1.5B in Bitcoin, will accept as payment soon

    NEW YORK -- Tesla has acquired around $1.5 billion in Bitcoin under an investment policy at the electric car maker headed by Elon Musk, and it plans to begin accepting the digital currency as payment for vehicles soon...

    Bitcoin spiked 14% and appeared to briefly hit a new all-time high..."

    https://abcnews.go.com/Technology/wireStory/tesla-buys-15b-bitcoin-accept-payment-75753079

    Bitcoin USD

    $43,217

    + $4,607 +11.93%

    Last Updated: Feb 8, 2021 8:58 a.m. EST

    https://www.marketwatch.com/investing/cryptocurrency/btcusd?mod=home-page
     
  8. hawki

    hawki Registered Member

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    "Police seize $60 million of bitcoin! Now, where's the password?

    FRANKFURT (Reuters) - German prosecutors have confiscated more than 50 million euros ($60 million) worth of bitcoin from a fraudster. There's only one problem: they can't unlock the money because he won't give them the password.

    The man was sentenced to jail and has since served his term, maintaining his silence throughout while police made repeated failed efforts to crack the code to access more than 1,700 bitcoin...

    Prosecutors have ensured the man cannot access the largesse..."

    https://ca.finance.yahoo.com/news/police-seize-60-million-bitcoin-100500730.html
     
  9. Palancar

    Palancar Registered Member

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    Even higher as I type this post!

    47K on 2-9-21
     
    Last edited: Feb 9, 2021
  10. ronjor

    ronjor Global Moderator

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    Mastercard to open up network to select cryptocurrencies
     
  11. ronjor

    ronjor Global Moderator

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    Bitcoin surges to all-time high after BNY Mellon embraces cryptocurrencies
     
  12. ronjor

    ronjor Global Moderator

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    Canadian regulator clears launch of world's first bitcoin ETF: investment manager
     
  13. hawki

    hawki Registered Member

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  14. hawki

    hawki Registered Member

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    "John McAfee indicted for alleged cryptocurrency pump and dump scheme

    John McAfee, the eccentric founder of the cybersecurity company McAfee, was indicted Friday on charges related to securities fraud and money laundering, according to the Justice Department.

    McAfee and his adviser Jimmy Watson have been accused by federal prosecutors in New York of using McAfee's Twitter account to promote cryptocurrencies to his 1 million+ followers in order to artificially inflate their market price...

    McAfee and Watson face a maximum potential sentence of five years in prison if convicted..."

    https://news.yahoo.com/john-mcafee-indicted-alleged-cryptocurrency-171618294.html

    DOJ Press Release:

    https://www.justice.gov/usao-sdny/p...er-his-cryptocurrency-team-indicted-manhattan
     
  15. xxJackxx

    xxJackxx Registered Member

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    Is there much difference between these 2 actions? I am actually asking as I am nor sure if it is the same for both of these parties to commit actions that would boost the price.
     
  16. hawki

    hawki Registered Member

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    @xxJackxx -- That's a good question.

    There is nothing illegal in praising the value of an asset that one owns, notwithstanding how influential a person may be, particularly if that person has disclosed ownership of the asset.

    Touting the value of a commodity or security that one owns with false and misleading info. is illegal.

    This is what Elon Musk did:

    1. Bought, through Tesla Inc., $1.5 Bil bitcoin

    2. Disclosed the purchase of $1.5 Bil bitcoin and announced that Telsa would accept bitcoin as payment for Tesla vehicles

    This is what John Mcafee did:

    1. Bought large amounts of cryptocurrency "X"

    2. Through his extensive social network touted the value of cryptocurrency "X" by issuing alleged FALSE and MISLEADING statements and without disclosing that he owned substantial amounts of cryptocurrency "X"

    3. Sold his holdings of cryptocurrency "X" after his alleged FALSE and MISLEADING statements had pumped up the price of cryptocurrency "X".

    https://www.justice.gov/usao-sdny/p...er-his-cryptocurrency-team-indicted-manhattan
     
    Last edited: Mar 5, 2021
  17. xxJackxx

    xxJackxx Registered Member

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    Got it. Thanks for the clarification. :thumb:
     
  18. hawki

    hawki Registered Member

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    "Atari Says It's Launching a Crypto Casino Based on Its Old Games

    Atari claims it will be launching an online casino in May. More specifically, an Ethereum blockchain casino built around “Atari-themed games.”

    The Atari Casino will be based in “Vegas City,” a gaming district in Decentraland, Decentral Games’ metaverse. Or basically, a virtual world where you use an avatar to interact...

    "Theoretically, gambling in crypto would...ensure that games aren’t rigged by the house. That’s because, per TechRadar, betting logic is stored on a blockchain..."

    https://gizmodo.com/atari-says-its-launching-a-crypto-casino-based-on-its-o-1846428801
     
  19. hawki

    hawki Registered Member

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  20. hawki

    hawki Registered Member

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    Irrational exuberance ?

    "Grumpy Cat’s** Ghost Takes Over Crypto as ‘Grumpy’ Coin Surges 1000% in a Day

    “Grumpy Cat” emerged as a top force in cryptocurrency on Wednesday after a coin dedicated to her saw its price surge by more than 1000 percent in one day.

    Total investment in the “Grumpy Cat” coin jumped to more than $50 million as of late Wednesday afternoon after sitting at less than $5 million earlier in the week..."

    https://www.mediaite.com/news/grump...r-crypto-as-grumpy-coin-surges-1000-in-a-day/

    **Yardar Sauce, nicknamed Grumpy Cat, was an American Internet celebrity cat. She was known for her permanently "grumpy" facial appearance, which was caused by an underbite and feline dwarfism.

    ~ Image Removed As Per Policy ~
     
    Last edited by a moderator: Mar 18, 2021
  21. ronjor

    ronjor Global Moderator

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    Elon Musk says people can now buy a Tesla with bitcoin
     
  22. ronjor

    ronjor Global Moderator

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    Exclusive: Visa moves to allow payment settlements using cryptocurrency
     
  23. ronjor

    ronjor Global Moderator

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  24. JRViejo

    JRViejo Super Moderator

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  25. hawki

    hawki Registered Member

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    "Bitcoin and crypto markets crash on US crackdown reports

    Bitcoin (BTC-USD) is experiencing a massive sell-off, shedding as much as 15% in the last 24 hours — the biggest intraday drop since February — days after hitting record highs...

    The drop appears to coincide with reports that the US Treasury is planning to tackle financial institutions for money laundering carried out through digital assets..."

    https://finance.yahoo.com/news/bitc...thereum-litecoin-coinbase-doge-094926937.html

    Bitcoin USD

    $ 51,907

    - $8,936 -14.69%

    Last Updated: Apr 17, 2021 11:36 p.m. EDT

    https://www.marketwatch.com/investing/cryptocurrency/btcusd?mod=home-page
     
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