Funds Insider - Opening the door to funds

Welcome to the Citywire Funds Insider Forums, where members share investment ideas and discuss everything to do with their money.

You'll need to log in or set up an account to start new discussions or reply to existing ones. See you inside!

Notification

Icon
Error
Bitcoin up $30k in a month...
+ Reply to discussion
Options
Tim D
Posted: 21 November 2023 21:16:43(UTC)
#1009

Joined: 07/06/2017(UTC)
Posts: 8,883

Thanks: 33209 times
Was thanked: 24362 time(s) in 7229 post(s)
Meanwhile, back in the real world...

Binance fined $4.3billion for money laundering for Hamas (amongst other things), CZ to step down and plead guilty to various charges against him personally...

https://www.bloomberg.co...ty-in-us-settlement-wsj
or https://archive.is/yfEtf

https://www.wsj.com/fina...n-plead-guilty-01f72a40
or https://archive.is/gp2uM

https://www.ft.com/conte...-426a-b31b-75d115305287
or https://archive.is/Eux91

(Maybe learned from FTX/SBF how not to play it when "regulatory clarity" eventually comes for you?)
Back to top Quote
 |  Edit by user
2 users thanked Tim D for this post.
Dentmaster on 21/11/2023(UTC), Peter61 on 21/11/2023(UTC)
Dentmaster
Posted: 21 November 2023 21:31:46(UTC)
#1010

Joined: 23/01/2021(UTC)
Posts: 440
Thinking of starting a City Wire Coin if any of you are interested. I am sure we could all make money off of this. If your portfolio needs a bit of diversity then this will meet the mark. No correlation to anything, apart from my bank account.
Back to top Quote
Tom 123
Posted: 21 November 2023 21:47:27(UTC)
#1007

Joined: 13/09/2016(UTC)
Posts: 1,606
Neminem Laedit;286821 wrote:
https://www.cityam.com/argentina-elects-javier-milei-a-libertarian-president-with-a-desire-to-make-bitcoin-legal-tender/

"It was also reported that hyper-inflated Argentinian pesos were being thrown in the air as confetti to celebrate the victory."

https://beincrypto.com/p...ei-president-argentina/

https://twitter.com/Dyla...263864474295378613Fs3D20


El Salvador, Argentina, whoever next. Going global at this rate by around 2123.

Completely irrelevant these vouchers to those of us operating in real world.
Back to top Quote
Dentmaster
Posted: 21 November 2023 22:01:05(UTC)
#1011

Joined: 23/01/2021(UTC)
Posts: 440
If i could spend a bitcoin, taste it, see it, smell it, touch it. I might believe its there . But its not
Back to top Quote
Jesse M
Posted: 21 November 2023 22:54:32(UTC)
#1017

Joined: 30/12/2020(UTC)
Posts: 1,471

Thanks: 10262 times
Was thanked: 3794 time(s) in 1126 post(s)
Another one bites the dust
https://www.bbc.co.uk/news/technology-67492753

The Binance chief executive, Changpeng Zhao, has resigned after pleading guilty to money laundering violations.
The Justice Department said it was requiring Binance, the largest crypto-exchange in the world, to pay $4.3bn (£3.4bn) in penalties and forfeitures.

It said Binance had helped users bypass sanctions across the world.
Binance enabled nearly $900 million in transactions between US and Iranian users, and facilitated millions of dollars in transactions between US users and users in Syria, and in the Russian occupied Ukrainian regions of Crimea, Donetsk and Luhansk.
Back to top Quote
1 user thanked Jesse M for this post.
Thrugelmir on 21/11/2023(UTC)
MSB
Posted: 22 November 2023 12:29:12(UTC)
#1018

Joined: 06/09/2020(UTC)
Posts: 157
.
Back to top Quote
 |  Edit by user
Neminem Laedit
Posted: 22 November 2023 14:03:27(UTC)
#1019

Joined: 17/09/2018(UTC)
Posts: 1,471

Thanks: 1008 times
Was thanked: 2017 time(s) in 820 post(s)
Back to top Quote
1 user thanked Neminem Laedit for this post.
MSB on 28/11/2023(UTC)
Neminem Laedit
Posted: 22 November 2023 14:08:03(UTC)
#1012

Joined: 17/09/2018(UTC)
Posts: 1,471

Thanks: 1008 times
Was thanked: 2017 time(s) in 820 post(s)
Dentmaster;287017 wrote:
If i could spend a bitcoin, taste it, see it, smell it, touch it. I might believe its there . But its not


You can't use it for toilet-paper either, unlike fiat...
Back to top Quote
Tim D
Posted: 22 November 2023 23:06:25(UTC)
#1020

Joined: 07/06/2017(UTC)
Posts: 8,883

Thanks: 33209 times
Was thanked: 24362 time(s) in 7229 post(s)
Neminem Laedit;287089 wrote:
Any more FUD ?


Here you go... arch-sceptic DG's take https://davidgerard.co.u...ssible-fate-compliance/

Choice extracts:
Quote:
The stake through Binance’s heart won’t be the $4.3 billion in fines — it’ll be the compliance.
...
The CEO and senior management are required to promote a “culture of compliance” throughout Binance with “sufficiently strong, explicit, and visible support and commitment to Binance’s AML program.” All employees will undertake AML training. Just how Satoshi wanted it.
...
Real finance businesses that don’t run on crime can do compliance — they just don’t like it. Businesses that run on crime are screwed.

We’ll rapidly find out how much of Binance’s turnover really was crime.

Customers are already rushing for the exits.
...
If you would rather not have your ID documents and transactions on Binance looked over by FinCEN, this would be a good time to get off the exchange before the monitors are in place.
...
the punishment is the compliance, not so much the fine.
...
Especially notable are the requirements to scan through and remove all US customers and to retroactively file the 100,000+ suspicious activity reports (SARs) that the US thinks should have been filed — and which will likely lead to more unpleasantness for those involved in the suspicious transactions.
...
One glaring omission from yesterday’s proceedings: the SEC case against Binance is not settled.

But of course for the cultists, any piece of news that remotely touches on crypto - good or bad - will be spun as bullish!
Back to top Quote
 |  Edit by user
3 users thanked Tim D for this post.
Blunt Instrument on 23/11/2023(UTC), Peter61 on 23/11/2023(UTC), Jesse M on 29/11/2023(UTC)
Silas
Posted: 27 November 2023 01:12:09(UTC)
#1022

Joined: 01/05/2020(UTC)
Posts: 4

but you can spend BTC it's not that difficult. I withdraw my BTC direct to my Ledger account and can spend it on the linked card just like a debit card, without the need to withdraw to my bank account. I can even take cash out from an ATM if I want to

there are others out there as well
Back to top Quote
189 Pages«Previous page9596979899Next page»
+ Reply to discussion

Markets

Other markets