I am sure OP is referring here to mining coins in computer or smartphone and which is so much different than say mining Bitcoin or any other cryptocurrency with the use of sophisticated and expensive equipment. Now, I am also into mining using my smartphone and I already made some money with one of the oldest mining opportunities and it is still ongoing right now. Yes, it is true that there are so many scammers and frauds in this type of mining business and I witnessed many of them most especially those who made their add just for the purpose of playing advertisements...the developers made the money but the miners don't because the project is lousy and will never make it to exchanges. We have to be careful as this can be a time waster, in the first place. I understand that there is also a risk of a malware attack here which can gather our necessary details and can even compromise our digital wallets. 

When, how, and why did you get involved in crypto? Is it because of earning some cash with trading or because of a job? Or do you believe it is the next big thing?

I started getting involved with cryptocurrency many years ago and I think I should have been rich right now because at that time BTC was just around $500...alas many things went wrong and here I am still looking for my proverbial pot of gold. I believe bought my first 2 BTC all because I used it to join money-scheme programs (that later on turned to be all dead) and it was then easier to use BTC for those programs. At that time, I had no real idea what cryptocurrency is and the many things it stands for. Later on as I got educated on it, I learned that Bitcoin came about into existence because of the distrust of the government and the usual financial institutions that failed to work for the people. Now, I am seeing that Bitcoin is the top cryptocurrency and is now recognized by Wall Street as an asset just like gold and that many traditional finance firms are getting into it. Bitcoin should be the best alternative to fiat money and it is empowering the people to decide their own destiny away from the power and control of the government.

Sixty crypto organizations are backing a market structure bill that is teed up for a vote next week.

The signers urged House lawmakers to pass the bill in a letter led by the Crypto Council for Innovation and sent to House Speaker Mike Johnson and House Minority Leader Hakeem Jeffries on Thursday. FIT21 would raise "new compliance challenges" for crypto firms, but clear rules are needed, the groups said.

"Currently, digital assets firms are instructed to somehow comply with U.S. securities laws that were designed nearly 100 years ago without consideration of the technological advances of today, including the ability for transactions to move at the speed of the internet," they said in the letter.

Get more details on this important news here: https://www.theblock.co/post/295148/60-crypto-firms-pitch-support-for-large-market-structure-bill-ahead-of-next-weeks-vote



The cryptocurrency industry in United States needs more clarity and leadership coming from the regulatory bodies of the government and so I am a little bit excited with the the Republican-led Financial Innovation and Technology for the 21st Century Act, also known as FIT21. I am hoping that this bill can be creating the more light on the compliance all players of the industry must be following. And since this is coming from the Republicans, I am more confident that is is more crypto friendly and not designed to choke the industry to death. I am just concerned on what can happen once this can be seeing the face of Elizabeth Warren in the Senate...hope this will not be watered down and transformed into a monster instead.

Daren Li, 41, was arrested on April 12 at Atlanta’s airport, and Yicheng Zhang, 38, was arrested on Thursday in Los Angeles for their alleged involvement, the Justice Department said in a statement on Friday.

“The fraud scheme involved more than $73 million laundered through U.S. financial institutions to bank accounts in The Bahamas, and converted to the virtual asset USDT, or Tether,” the DOJ said.

Li, Zhang and others allegedly controlled an "international syndicate" that laundered funds made through "pig butchering" crypto investment scams, according to the statement. Pig butchering scams involve scammers gaining victims' trust, convincing them to give them large amounts of money and then running off with it. Lawmakers and regulators have raised concerns over those types of scams over the past few months.

You can read more of this news here: https://www.theblock.co/post/295202/prosecutors-arrest-two-for-laundering-73-million-in-pig-butchering-scheme


This is my first time to encounter the "pig butchering" term for a scam involving fooling people to just send someone money and then run away with it. Well, the strategy is not something new but maybe the use of USDT in laundering the money can be a new twist. Now, these two sweet talking guys are now facing the full force brunt of the law for the things they did and I am wishing that all their victims will get the justice they all deserve. Let's see how many years these two crooked, evil personalities will be minting soon. Scammers are right now still having a feast and thanking heaven for the use of cryptocurrency but the law is watching them so they should be warned.

This topic has been moved to Cryptocurrency discussions.

https://www.altcoinstalks.com/index.php?topic=321362.0

I do not read the bill itself, but overall it seems to be good news for Bitcoiner who live on Oklahoma. The news doesn't state about privacy though. Your opinion is greatly appreciated.

So far, I considered this one of the best news of the year for Bitcoin and it is coming from the state-level government, of all sources. And this is actually my first time to hear of 'Bitcoin Rights' and I am sure that this will not be the last as there are now organizations working to spread this movement to other locations as well.

According to @oklahomabtc: "The law makes Oklahoma the FIRST State to codify the rights of its citizens to run a node, to mine, and to self-custody their Bitcoin."

Essentially, this is a big win for Bitcoin and its proponents, supporters and enthusiasts. Instead of seeing Oklahoma joining Senator Elizabeth Warren on her hate on Bitcoin and cryptocurrency, this state is turning into the right direction giving away its citizens their rights to it.

So this is the big and exciting news that dominated the world of stocks and cryptocurrency for the past many days and people are really amazed to see how this simple and formerly unknown man has transformed himself into a cult god that his mere post can command the market to move upwards. I would say that Keith Gill aka "Roaring Kitty" can be the new Elon Musk whose influence moved Dogecoin into new territories many times. How lucky are holders of GME and AMC as well as some specific memecoins upon learning that their investments practically doubled overnight. Now, with this development, it would be  interesting to watch what are the next moves by this man that can put the market on fire in a matter of seconds.