If you have not been out of the loop, you will have heard the news that Samourai Wallet was seized by the US government yesterday. Two people running the project were arrested as part of that, and they have been charged with (you guessed it) money laundering and operating an unregistered money transmission business.

That is what the indictment says (and I got the excerpt from over here).

COUNT TWO
(Conspiracy· to Operate an Unlicensed Money Transmitting Business)
The Grand Jury further charges:
31. The allegations contained in paragraphs 1 through 28 of this Indictment are
repeated and realleged as if fully set forth herein.
32. From at least in or about 2015 up to and including in or about February 2024, in the
Southern District of New York and elsewhere, KEONNE RODRIGUEZ and WILLIAM
LONERGAN HILL, the defendants, and others known and unknown, willfully and knowingly
combined, conspired, confederated, and agreed together and with each other to commit an offense
against the United States, to wit, operation of an unlicensed money transmitting business, in
violation of Title 18, United States Code, Sections 1960(b )(1 )(B) and (b )(1 )(C).
33. It was a part and object of the conspiracy that KEONNE RODRIGUEZ and
WILLIAM LONERGAN HILL, the defendants, and others known and unknown, would and did
knowingly conduct, control, manage, supervise, direct, and own all and prut of an unlicensed
money transmitting business, which affected interstate and foreign commerce, and (i) failed to
comply with the money transmitting business registration requirements under Section 5330 of Title
31, United States Code, and regulations prescribed under such section, and (ii) otherwise involved
the transportation and transmission of funds that were known to the defendants to have been
derived from a criminal offense and were intended to be used to promote and support unlawful
activity, to wit, RODRIGUEZ and HILL conducted, controlled, managed, supervised, directed,
and owned all or part of Samourai, a business that transferred funds on behalf of the public, without meeting the Federal registration requirements set forth for money transmitting businesses...

Now let's get the ducks in a row:

- Samourai Wallet was not a company, it was an open source project.
- The Whirlpool coordinator was software that ran on their computer servers, and was not ran as a business.
- The primary function of Samourai Wallet is a bitcoin wallet, not to transfer money on behalf of random users.
- CoinJoins are not money transmitters in the same way that regular Bitcoin transactions are not money transmitters.

So, given that Samourai Wallet is just a bitcoin wallet, that performs Bitcoin transactions, and the government is hell-bent on winning the case, then this might cause them to rule that bitcoin wallet transactions are unregistered money transmitters and are hence illegal.

What do you think of this? Do you think the DOJ will go that far? Or do you think they will hand out some other kind of charge? Do you think they will win the case?

When more and more people buy Ethereum like what you wrote, it makes me even more confident that an Ethereum ETF will be launched soon. They have already bought Ethereum at a cheap price and are just waiting for the next step to wait for the price to rise due to the influence of the Ethereum ETF.

There are some who think that an ethereum ETF will be difficult to approve, because the supply is too large. And some also have their own opinions, confident that the Ethereum ETF will be approved. We'd better wait until May, whether the SEC will approve or reject it. Can also be pending

Sponsorship deals must be disclosed, when somebody is being actively paid for extra activity, like in Kim's Instagram case they also must disclose that depending on the law, since we're talking about lending their name for tokens on FTX a shitload of extra paperwork.If they have breached what was supposed to be an add and user they brand to also promote FTX in particular cases they are good for the money.

However, it is one thing if you rent your name to a sponsor, and another thing entirely is how that same sponsor manages the funds of his clients. I'm pretty sure neither is Kim Ka. nor did any celebrity or even Mercedes come to FTX and suggest that they buy some trash tokens with investor funds.

Quote from: de_prof on April 18, 2024, 08:58:06 PM

The target is quite high, if we target $1000. BNB must burn how many coins to reach that target. This looks like it will happen in the next few years if BNB wants to increase the price of its coins. But anything can happen, when bitcoin reaches its highest price as many people want or predict at more than $100K, it could be that the price of BNB approaches $1000

In my opinion, setting a target that is high enough is not an important problem, as long as we can wait until the price rises to that high, we will get a lot of profit. We just need to be patient until the target that all traders hope for can be achieved easily.

If you have free money to hold long term and wait for your target to be achieved, it could be said to be not important. but as a small investor who has limited funds to wait until a target that is too high is achieved, that is a difficult thing to do

Saka ang bilib ako ako na bansa na malakas ay yung israel, maliit na bansa pero hindi matibag-tibag ng mga kalapit na bansa nito. Isa lang yan na halimbawa na bansa na kahit yung mga malalaking bansa ay hindi nila masakop-sakop ang Israel.

Mayaman kasi silang bansa at lahat sa kanila ay reservists kaya madami silang mga army kung magkaroon man ng gyera sa mga nakapaligid sa kanila. Ang gandang example nga nila na kahit maliit na bansa tapos napapalibutan ng mga gusto sumakop sa kanila, di sila matibag at siguro yung pangako sa kanila ng Diyos isang factor din yun pero huwag na nating pag usapan ang ganyang bagay dahil madaming hindi mag agree tungkol diyan.
Nalulungkot lang ako dahil madaming parang gusto magkagyera pero kawawa tayong lahat dito.