BTC China arrests 1,100 over cryptocurrency money laundering

China arrests 1,100 over cryptocurrency money laundering
India may soon classify Bitcoin as an asset class after the El Salvador move
Watch as BCH onboarders share photos and daily progress updates in real-time at the BitcoinCashSite forum
China blocks cryptocurrency Weibo accounts in ‘judgment day’ for bitcoin. Popular accounts of crypto KOLs on are closed down, displaying message saying account ‘violates laws and rules’ (7 Jun)
Gavin Andresen: “There’s a devil in the details of the El Salvador bitcoin story”
Almost 50K CashFusion txs during the past 6 months
Is there a replacement for cash.coin.dance/nodes ?
Why El Salvador Bitcoin story is evil
Upset after watching recent hearing on CDBC with Elizabeth Warren
A key quote...
Created my first Bitcoin Cash 3D illustration :)
Why Bitcoin cash ��‍♂️
ex-CFTC chairman regarding USDT: As long as not a lot of people are demanding their money back, it's not an issue. But if suddenly a lot of people did, then there would be issues. 65.39% of Tether is made up of commercial paper. I've talked to people. they're not sure they see Tether in the markets.
This happened because gold was hard to transport. The same will happen to a cryptocurrency that has high fees to transport.
PMv3 promises to bring synthetics, prediction markets, and a whole lot more to Bitcoin Cash. If you missed the discussion, here’s a recap.
Talk about prediction markets: "Paul Sztorc - Bitcoin Hivemind"
Shares of Famous Mining Company to Be Traded on Nasdaq
Bitcoin- fake Elon Musk giveaway scam cost man £400,000
Status on Cash Fusion for Bitcoin.com wallet?
INFLATION IS HERE TO STAY! - CNBC Tiffany Wilding Full Interview - June CPI Inflation Data Release
I made a youtube video putting together some of the things I've learned about the Tether fiasco. Tell me what you think
Bitcoin Cash Explained
Bitcoin Cash Discussion Recap
Store to Store we will get Bitcoin cash Everywhere ��
Interesting wording in the El Salvador legislation.
Why much Hype About Bitcoin? Bitcoin Cash is being used in some countries already for a long time.

China arrests 1,100 over cryptocurrency money laundering

Posted: 10 Jun 2021 03:07 AM PDT

submitted by /u/MobTwo
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India may soon classify Bitcoin as an asset class after the El Salvador move

Posted: 10 Jun 2021 08:12 AM PDT

submitted by /u/entr_ashish
[link] [comments]

Watch as BCH onboarders share photos and daily progress updates in real-time at the BitcoinCashSite forum

Posted: 10 Jun 2021 09:32 AM PDT

https://forum.bitcoincash.site/

You can now follow the Panmoni team, friends and allies as we post updates from the field multiple times per day at https://forum.bitcoincash.site/. Keep up to date with onboarder activity, cheer them on and join them by onboarding merchants and people near you and sharing your updates, too.

The Bitcoin Cash Site forum is open to everyone, so feel free to start conversations about any and all BCH and related topics. Feel free to request new categories, including a category for your language.

We strive to be transparent and to inspire more people (cf Swarmwise) to join us as we onboard the world to Bitcoin Cash.

submitted by /u/georgedonnelly
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China blocks cryptocurrency Weibo accounts in ‘judgment day’ for bitcoin. Popular accounts of crypto KOLs on are closed down, displaying message saying account ‘violates laws and rules’ (7 Jun)

Posted: 10 Jun 2021 04:26 AM PDT

submitted by /u/user4morethan2mins
[link] [comments]

Gavin Andresen: “There’s a devil in the details of the El Salvador bitcoin story”

Posted: 09 Jun 2021 08:59 PM PDT

submitted by /u/wakgill
[link] [comments]

Almost 50K CashFusion txs during the past 6 months

Posted: 10 Jun 2021 08:37 AM PDT

As of writing this post, 48.610 CashFusion transactions have been broadcast by cashfusion.electroncash.dk since December 13 2020.

There's a very clear uptick in usage and transactions during the current bullrun in the last 6 months.

Happy to see you're all fusing, keep it up!

submitted by /u/atroxes
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Is there a replacement for cash.coin.dance/nodes ?

Posted: 10 Jun 2021 07:45 AM PDT

https://cash.coin.dance/nodes was removed. Any replacement to it - where i can see nodes count, software and more information on nodes?

submitted by /u/merc1er
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Why El Salvador Bitcoin story is evil

Posted: 10 Jun 2021 03:08 AM PDT

I think the move to make Bitcoin legal tender in El Salvador is not a move towards global financial freedom but has two very specific purposes and I fear it will have only one result.

Purpose #1

Attracting capitals to El Salvador, especially from exchanges which are the real and only market that always and in any case earns, with mechanics very similar to gambling.

Purpose #2

Making Bitcoin a legal tender currency makes it in effect a foreign currency in other countries, consequently it will change the taxation on the capital gain.

Result

Due to the high fees, high confirmation times (unless you pay those high fees) and Segwit+RBF that prevent zero confs, the experience of El Salvadorians will be very bad.

It will be realized that Bitcoin is impossible to use as a national currency and the experiment will fail miserably, so that one can then generalize by saying that cryptocurrencies do not function as legal tender.

I hope I'm wrong! What do you think about it?

submitted by /u/matteopanara
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Upset after watching recent hearing on CDBC with Elizabeth Warren

Posted: 10 Jun 2021 08:56 AM PDT

"Cryptocurrencies like Bitcoin are terrible for the environment and that would be true regardless of whether we were getting anything productive out of that energy usage or not. The fact that we're not makes it even more scandalous. One of the easiest and least disruptive things we could do to address the climate crisis is to crack down on environmentally wasteful cryptocurrencies and now is the time to do it."

Elizabeth Warren
Hearing: Bulding a stronger financial system: Opportunities of a CBDC
https://www.youtube.com/watch?v=obJxqMHEh6E

submitted by /u/BrannonMaul
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A key quote...

Posted: 10 Jun 2021 06:01 AM PDT

submitted by /u/BU-BCH
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Created my first Bitcoin Cash 3D illustration :)

Posted: 10 Jun 2021 09:05 AM PDT

https://preview.redd.it/3t5ca8vmog471.jpg?width=600&format=pjpg&auto=webp&s=6e7b8fa11bbc2f71508229617a224c87c0a31ddc

submitted by /u/Alu8
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Why Bitcoin cash ��‍♂️

Posted: 10 Jun 2021 08:54 AM PDT

submitted by /u/Zunnurayni
[link] [comments]

ex-CFTC chairman regarding USDT: As long as not a lot of people are demanding their money back, it's not an issue. But if suddenly a lot of people did, then there would be issues. 65.39% of Tether is made up of commercial paper. I've talked to people. they're not sure they see Tether in the markets.

Posted: 10 Jun 2021 01:30 AM PDT

Timothy Massad (ex-CFTC chairman) regarding USDT Tethers: As long as not a lot of people are demanding their money back, it's not an issue. But if suddenly a lot of people did, then there would be issues. 65.39% of Tether is made up of commercial paper. I've talked to a couple people who are involved in trading commercial paper... they're not sure they see Tether in the markets, so I don't know what commercial paper Tether is buying.

Source: https://www.cnbc.com/2021/06/09/ex-cftc-chairman-calls-for-more-regulation-of-tether-stablecoins.html

submitted by /u/MobTwo
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This happened because gold was hard to transport. The same will happen to a cryptocurrency that has high fees to transport.

Posted: 09 Jun 2021 07:00 AM PDT