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It is a bit hypocritical that confiscated "dirty" coins suddenly become "clean" after they come into the ownership of the FEDs. In their fight against money laundering, they are the biggest coin cleaners, while there is no one above them to sanction them.Hypocritical is even an understatement
.Any type of service or product that makes everything I have said more difficult and consumes more time and resources will be declared illegal by the government, it's as simple as it seems.The U.S government are yet to declare mixers and CoinJoins illegal, so i think their approach is not even to illegalize it, but to directly attack privacy options, arrest people who write and develop codes for privacy softwares, and then use custodial services like centralized exchanges to attack BTC's fungibility with the nonsense of tainted coins.
pretty bad days for Bitcoin & privacyVery bad days and it is sad to see it happen like this, the government is clearly winning the battle. Now developers know they risk being charged and could face jail time if they write any code or run a service that enhances privacy, so they are obviously not going to do that, using BTC privately would be gone soon.
In fact, some people might be able to do unexpected things like this, rich people providing assistance to poor relatives or relatives to guide them on how to make money through BTC still makes sense. So, actually I still believe that there are good rich people who at least provide a little guidance to others out of pity or maybe for other reasons.Look, there is nothing wrong in trying to educate people about what BTC really is, you can share articles with them or invite them to join cryptocurrency forums. However, there is everything wrong in helping someone buy coins and store it for them in your own wallet, that is so risky and doing things that way does not help the newbie to learn.
Also, according to the latest news, there are negotiations with the SBF now to obtain another reduction in his prison term if he cooperates with the authorities in exposing the celebrities who promoted FTX.No, it is a different case, sbf is going to spend 25 years in jail for certain, if he does not get a pardon sometime in the future. However, the case you refer to is between sbf and ftx investors, in which they have agreed to drop their civil case against sbf if he gives them information that will help them go after celebrities that promoted ftx, i.e. Tom Brady and Shaquille O'Neal.
There is not always technical support, and it is much easier to lose access.People who use BTC need to know that they are the ones responsible for the safety of their funds and if they lose it, they have lost it for good, however losing your password does not mean you have lost your funds and you can recover your wallet with your seed phrase.
Given the fact that someone trusted me and would want to invest to me then I would definitely cater them and help them in order to make their money huge as well as teach them to grow their investment.Have you made your own money huge or grown your own investment? It is obvious you do not understand a thing about BTC or crypto, how do you agree to store someone's coins and take up their risks for them. If someone makes such an offer to you, tell them to learn how to store their own coins and they should not buy BTC until they have learnt its basics.
As you know money drives everything, even the four months that Zhao will spend in prison will most likely be comfortable as he will have all the amenities since he has enough money to live a comfortable life in prison.Sbf is a rich man and he comes from an influential family, but he got 25 years in prison, i know we can argue he should have got more, but if it was all about money then he should have got way less too.
I wonder if Zhao had been a poor man who had no money, would the judges have sympathized with him?That is not the case here, a 'poor man' would not own a cryptocurrency exchange that will give him the opportunity to commit the financial crimes that CZ and Binance committed. CZ pleaded guilty, paid billions of $, cooperated with authorities and gave them all the info and data they need, and that is why the sentence was light, it has nothing to do with sympathy from the judges.
Their privacy already has been questioned by the community since they started the partnership with the blockchain community,Whose privacy? Are you talking about Wasabi partnering with a blockchain analysis company? If that is what you are saying, it no longer matters at this point, they have shut down their CoinJoin service, the government have taken down Samouria, and the bigger picture is two privacy solutions down and many more to go in the weeks and months ahead.
In the past, we used to hear about a hacking event every few months, but in recent years its frequency has increased rapidly.These centralized exchanges store a lot of money in online wallets, and like you know, anything online is prone to attack and hacks. There are also rumors that some of the attacks could be inside jobs, i don't know how true that can be, but that can also be the reason why they get hacked frequently.
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