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Cryptocurrency

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    Originally posted by Jog On View Post
    Why? I am not interesting in touching this tulip, I am just making obvious projection of what the future holds for this tulip and its hodlers.

    Comment


      "BitConnect Founder Sued as SEC Alleges $2 Billion Crypto Scheme

      Federal regulators sued the founder of BitConnect, a cryptocurrency exchange platform, for fraudulently raising more than $2 billion from investors in an offering that wasn’t registered with the U.S. Securities and Exchange Commission.

      The SEC sued founder Satish Kumbhani, 35, and Glenn Arcaro, a promoter, for improperly selling securities tied to the company’s purported “lending program” for about a year starting in January 2017, according to a Wednesday complaint filed in federal court in New York. BitConnect falsely told investors that it could generate monthly returns as high as 40% with its proprietary “volatility software trading bot” when no such strategy existed, according to the SEC.

      The regulator sued five BitConnect promoters in May for their roles in promoting the scheme by creating testimonials on YouTube, sometimes multiple times a day. The promoters received commissions based on their success in attracting investor cash. Arcaro and a company he controls received more than $24 million in referral commissions.

      BitConnect closed its exchange in January 2018 after receiving two cease-and-desist letters from state authorities for the unauthorized sale of securities and suffering from denial-of-service attacks.

      The SEC has been sounding the alarm over initial coin offerings for years, arguing that the sales are likely securities that must comply with federal rules. The regulator has warned individual investors of the risks in buying the tokens, cautioning that scammers might be using them to lure investors into frauds."

      https://www.bloomberg.com/news/artic...-crypto-scheme


      Comment


        AtW, you should buy Bitcoin. It would be a win-win. Here's why.

        If it crashes and burns, you'll lose money but you will have been totally vindicated.
        If it goes to $500k, you'll be cross about it but you'll have multiplied your money 10-fold.
        Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.

        Comment


          Originally posted by DealorNoDeal View Post
          AtW, you should buy Bitcoin. It would be a win-win. Here's why.
          He clearly loves it. He contributes the majority of the posts in this thread after all. He's obsessed.

          I see BTC pokes its head above $50k over the weekend. After the obvious breakout and not unsurprising fall-back, I wonder if it will stay above $50k or not - quite an important signal.
          Originally posted by MaryPoppins
          I'd still not breastfeed a nazi
          Originally posted by vetran
          Urine is quite nourishing

          Comment


            So you can now buy Crypto via your PayPal account.

            Bitcoin
            Bitcoin Cash
            Etherium
            Litecoin

            Buy direct from your PayPal account. Paypal take a service fee based on the purchase value.

            No wallets, no keys, no accounts on trading sites etc. Crypto stays in your PayPal account. Paypal indemnify against any losses from theft.

            No ability to pay for stuff with it yet but makes it very easy for punters to buy and sell in a familiar setting.



            "Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.

            Comment


              Originally posted by DaveB View Post
              So you can now buy Crypto via your PayPal account.

              Bitcoin
              Bitcoin Cash
              Etherium
              Litecoin

              Buy direct from your PayPal account. Paypal take a service fee based on the purchase value.

              No wallets, no keys, no accounts on trading sites etc. Crypto stays in your PayPal account. Paypal indemnify against any losses from theft.

              No ability to pay for stuff with it yet but makes it very easy for punters to buy and sell in a familiar setting.


              Crypto is only an investment these days not a currency, the days when someone pays for a coffee with Bitcoin are never coming back
              Originally posted by Stevie Wonder Boy
              I can't see any way to do it can you please advise?

              I want my account deleted and all of my information removed, I want to invoke my right to be forgotten.

              Comment


                Originally posted by SimonMac View Post

                Crypto is only an investment these days not a currency, the days when someone pays for a coffee with Bitcoin are never coming back
                Agree on the buying a coffee level of use but it could make sense for PayPal to enable Crypto as payment for online purchases etc. International purchases and fund transfers without currency fees would be the obvious uses.
                "Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.

                Comment


                  Oh.

                  https://www.bbc.co.uk/news/technology-58678907

                  Comment


                    Originally posted by jamesbrown View Post
                    Oh look!

                    https://en.wikipedia.org/wiki/Digital_renminbi
                    First Law of Contracting: Only the strong survive

                    Comment


                      Crypto is having a fun week or two.

                      I'm sure I would be substantially richer if I wrote a "Big Red Button" script that sold off all my holdings anytime there's a big red candle.
                      I know I would be richer if I resisted the urge to sell when things are plunging
                      Originally posted by MaryPoppins
                      I'd still not breastfeed a nazi
                      Originally posted by vetran
                      Urine is quite nourishing

                      Comment

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