Cryptocurrency

[_V_]

Another fun day. Who said what this time?

On a lighter note, is this you AtW:
https://www.bbc.co.uk/news/uk-englan...ngham-57280115 (Bitcoin mine found stealing electricity)

I smell a FUD story there.

[DealorNoDeal]

I imagine it would be hard to make Bitcoin mining profitable, in this country, if you had to pay for the electricity.

It would probably take a very long time just to recoup the cost of the hardware.

Not that I would know, you understand, but growing cannabis is probably economically viable without nicking the electricity.

[d000hg]

I imagine it would be hard to make Bitcoin mining profitable, in this country, if you had to pay for the electricity.

A good use for any surplus renewable electricity but it is an interesting one. There are ructions about the need for things to be decentralised but you'd expect all the miners would be in Asia where the small profits are more significant.

[AtW]

So, a tulipcoin mined using stolen electricity is basically proceeds of crime. Nice.

[Jarman]

“
Yeah, but officials can lock you up, Cathie, and instead of propping this fraud you’d be doing whatever work is allowed in prisons.

[AtW]

“Banks block payments to crypto exchanges

Customers of Barclays, Monzo and Starling are among those to have been blocked from transferring money to cryptocurrency platforms

Banks are cracking down on transfers to cryptocurrency exchanges by suspending payments to the sector amid rising fears that it has become a hotbed for financial crime.

Customers of banks including Barclays, Monzo and Starling are among those to have been blocked from transferring money to cryptocurrency platforms such as Binance and SwissBorg in recent weeks.

Starling, the online bank, has gone the furthest by suspending all payments to cryptocurrency exchanges after noticing “high levels of suspected financial crime with such payment”.


https://www.telegraph.co.uk/business...pto-exchanges/

[AtW]

“US regulators signal bigger role in cryptocurrencies market

New OCC head says agencies should set a ‘regulatory perimeter’ for digital coins”

https://www.ft.com/content/a2c13ce0-...5-6c668d303101

Game Over kiddos

[AtW]

“Crypto Traders Defy China’s Crackdown With Secretive Bets

As to the losses and the crackdown, “I don’t care,” said Charles, a 35-year-old real estate consultant in Shanghai who asked to be identified only by his English first name. He’s been buying cryptocurrencies since 2017 and claims to have lost $11 million over three days in the recent pullback. “To me it’s giving back the profits I made in the past few months,” he said. “I’m looking at the 10- to 20-year horizon.”

https://www.bloomberg.com/news/artic...&sref=o1Dqf087

CCP will help Charles get what he wants: 10-20 years horizon in a re-edukation facility up north

[AtW]

“Crypto Assets a Great Concern, Says Ireland’s Central Bank Enforcer

The rising popularity of cryptocurrencies such as bitcoin is “of great concern,” according to Derville Rowland, one of the top officials at Ireland’s central bank.“

https://www.bloomberg.com/news/artic...&sref=o1Dqf087

Nice, but time for words is over - bring on tough world-wide ban with daily prosecutions on TheyUsedTulipCoins TV Channel (666 on Sky)

[Jarman]

“Banks block payments to crypto exchanges

Customers of Barclays, Monzo and Starling are among those to have been blocked from transferring money to cryptocurrency platforms

Banks are cracking down on transfers to cryptocurrency exchanges by suspending payments to the sector amid rising fears that it has become a hotbed for financial crime.

Customers of banks including Barclays, Monzo and Starling are among those to have been blocked from transferring money to cryptocurrency platforms such as Binance and SwissBorg in recent weeks.

Starling, the online bank, has gone the furthest by suspending all payments to cryptocurrency exchanges after noticing “high levels of suspected financial crime with such payment”.


https://www.telegraph.co.uk/business...pto-exchanges/

Annnnnnnnnnnnnnnnnnd it's gone!

https://cointelegraph.com/news/uk-st...s-in-late-june