Bitcoin

Money, investing, mutuals etc
Sarah
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Re: Bitcoin

Post by Sarah » Thu Jun 16 2022 1:28pm

In a country that gambled on making bitcoin legal tender, their treasury is buying the dips...
The country's 2,300 bitcoins are now worth half what the government paid for them, but the finance minister has brushed off criticism, saying there is "extremely minimal fiscal risk".
https://www.bbc.co.uk/news/technology-61813845

planteria
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Re: Bitcoin

Post by planteria » Mon Jun 20 2022 8:54pm

Bukele's tweet was back on 9th May, and the price has dipped further since then..
but regardless, they're right to average down i suspect. and time will tell.

pabenny
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Re: Bitcoin

Post by pabenny » Tue Jun 21 2022 6:12am

Chadwick wrote:
Wed Jun 15 2022 12:49pm
So Bitcoin is basically people swapping usable cash for something that doesn't really exist?
...
It still sounds like the emperor's new clothes to me.
Yup

macliam
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Re: Bitcoin

Post by macliam » Tue Jun 21 2022 9:15am

At least with magic beans you get a bean........
Just because I'm paranoid, it doesn't mean they're not out to get me

Sarah
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Re: Bitcoin

Post by Sarah » Fri Nov 11 2022 3:05pm

FTX exchange becomes the latest and greatest crypto collapse:
https://www.bbc.co.uk/news/business-63601213

Coffeezilla: "FTX Collapsed…Here’s Why" (2 days ago)
https://youtu.be/l3HfrRjWilQ

Coffeezilla: "IT GOT SO MUCH WORSE" (follow-up)
https://youtu.be/MWfuDeO9thk

planteria
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Re: Bitcoin

Post by planteria » Thu Nov 17 2022 9:23pm

bearing in mind that this is a thread entitled "Bitcoin" perhaps worth understanding how Bitcoin itself is different to exchanges, other coins, tokens...

https://www.youtube.com/watch?v=1jVqnuVOeWI

pabenny
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Re: Bitcoin

Post by pabenny » Fri Nov 18 2022 10:46am

That's the Bitcoin that's fallen in (GBP) value by two thirds over the last 12 months?

planteria
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Re: Bitcoin

Post by planteria » Thu Dec 01 2022 10:53am

it's all about the big picture pab.

https://www.youtube.com/watch?v=rKByaM5asU8

Sarah
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Re: Bitcoin

Post by Sarah » Wed Mar 29 2023 12:22pm

Binance and its CEO in the dock; but not a collapse like so many of the big crypto stories last year...
In a complaint filed on Monday, the CTFC accuses Binance of having an “ineffective compliance program” and claims it “knowingly” broke the law.
The agency claims Zhao, Lim, and other executives “failed to properly supervise Binance’s activities” and “actively facilitated violations of U.S. law” as a result.
The lawsuit also addresses some of the internal conversations brought to light by a report from The Wall Street Journal earlier this month, alleging that Binance “instructed” its customers in the US to use virtual private networks (VPNs) to hide their locations in order to trade on the platform.
https://www.theverge.com/2023/3/27/2365 ... wsuit-cftc
https://www.bloomberg.com/news/articles ... ule-lapses

Sarah
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Re: Bitcoin

Post by Sarah » Fri Aug 18 2023 4:36am

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