How does BTC/ETH/Crypto work? Is it a scam/doomed to fail? - Page 15

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How does BTC/ETH/Crypto work? Is it a scam/doomed to fail?

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06-10-2024 , 06:25 AM

#351

jbouton

banned

Join Date: Jul 2019 Posts: 3,906

I'd post this in the bitcoin thread but this forum is a rigged lie.

Quote

06-11-2024 , 04:24 PM

#352

jbouton

banned

Join Date: Jul 2019 Posts: 3,906

Here are the teasers:

Spoiler:

Last edited by jbouton; 06-11-2024 at 04:36 PM.

Quote

10-25-2024 , 05:34 PM

#353

pocket_zeros

Pooh-Bah

Join Date: Jun 2008 Posts: 5,023

WSJ Exclusive: Federal Investigators Probe Cryptocurrency Firm Tether

The federal government is investigating cryptocurrency company Tether for possible violations of sanctions and anti-money-laundering rules, according to people familiar with the matter.

The criminal investigation, run by prosecutors at the Manhattan U.S. attorney’s office, is looking at whether the cryptocurrency has been used by third parties to fund illegal activities such as the drug trade, terrorism and hacking—or launder the proceeds generated by them.

The Treasury Department, meanwhile, has been considering sanctioning Tether because of its cryptocurrency’s widespread use by individuals and groups sanctioned by the U.S., including the terrorist group Hamas and Russian arms dealers. Sanctions against Tether would generally prohibit Americans from doing business with the company.

Source: https://www.wsj.com/finance/currenci...ether-a13804e5

Crypto bro's better hope the Feds don't also look into the reserves. They might find them lying about them again.

Quote

10-25-2024 , 06:09 PM

#354

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 52,605

Quote:

Originally Posted by pocket_zeros

That article is full fud. There is zero substance to it.

Unnamed sources allege some federal agency is investigating tether.

Lol. News as old as time.

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10-25-2024 , 07:27 PM

#355

pocket_zeros

Pooh-Bah

Join Date: Jun 2008 Posts: 5,023

Quote:

Originally Posted by housenuts

That article is full fud. There is zero substance to it.

Unnamed sources allege some federal agency is investigating tether.

Lol. News as old as time.

Somebody needs a history lesson.

Quote

10-25-2024 , 09:31 PM

#356

MSchu18

Carpal \'Tunnel

Join Date: Sep 2009 Posts: 18,784

Something that seems have been glossed over in the crypto news cycle is the fact that one of the feds cold wallets was hacked and the assets stolen. They have begun to be sold off and washed thru various means.
To me, cold storage hacking is the most substantial news this cycle.

Quote

10-25-2024 , 11:29 PM

#357

BattleAxe

enthusiast

Join Date: Jun 2013 Posts: 79

Can you provide a link? I haven’t read about this and can’t find anything.

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10-26-2024 , 01:04 AM

#358

MSchu18

Carpal \'Tunnel

Join Date: Sep 2009 Posts: 18,784

This is a beautiful open letter for Microsoft board memebers.

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10-26-2024 , 01:06 AM

#359

MSchu18

Carpal \'Tunnel

Join Date: Sep 2009 Posts: 18,784

Quote:

Originally Posted by BattleAxe

Can you provide a link? I haven’t read about this and can’t find anything.

https://www.analyticsinsight.net/new...ost-to-hackers

Quote

10-26-2024 , 11:31 AM

#360

TimM

Carpal \'Tunnel

Join Date: Jan 2004 Posts: 9,788

Quote:

Originally Posted by MSchu18

To me, cold storage hacking is the most substantial news this cycle.

Quote:

Originally Posted by MSchu18

https://www.analyticsinsight.net/new...ost-to-hackers

The word "cold" does not appear on the page.

Quote:

The data obtained by Arkham Intelligence indicate that the stolen funds were mainly withdrawn in stablecoins

Sounds like a custodial wallet or account of some kind.

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10-26-2024 , 12:31 PM

#361

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 52,605

I think a more proper definition is "government incompetence wallet" rather than "cold wallet"

Quote

11-21-2024 , 06:18 AM

#362

raiders72001

centurion

Join Date: Jun 2009 Posts: 123

Quote:

Originally Posted by housenuts

I think a more proper definition is "government incompetence wallet" rather than "cold wallet"

exactly. You can't hack a cold wallet since it's not online.

Quote

11-21-2024 , 12:58 PM

#363

MSchu18

Carpal \'Tunnel

Join Date: Sep 2009 Posts: 18,784

Quote:

Originally Posted by raiders72001

exactly. You can't hack a cold wallet since it's not online.

that is NOT how a cold wallet works... I hope you realize that having a wallet, cold or hot, does NOT mean that the assets are being downloaded to that device. it is code, and code can be hacked at any time.

you can keep your 100 btc in your ledger for as long as you want, if I can figure out your seed phrase... I get your btc.