Bitcoin and cryptocurrency trading thread

[noirua]

BTC-e founder pleads guilty in $9B money laundering conspiracy

The cryptocurrency exchange is said to have profited from various illicit activities that used the platform to launder some $4 billion worth of Bitcoin.

cointelegraph.com

The DOJ highlighted that the platform was utilized to launder funds acquired from various criminal activities, including computer hacking, ransomware attacks and drug trafficking.
Vinnik, who is a Russian citizen, had earlier tried to secure a prisoner swap deal for him to be considered as part of a prisoner trade deal between Russia and the United States.

U.S. authorities have brought similar criminal charges against crypto exchanges and executives. On March 28, former FTX CEO Sam Bankman-Fried was sentenced to 25 years for seven felony charges.

 

[noirua]

Best Crypto Stocks Of October 2024

Cryptocurrency began with Bitcoin (BTC) in 2009. Today, the market has grown exponentially to encompass a dizzying array of coins, blockchains, crypto exchanges and payment processors. During the crypto bull run of 2021, a handful of public companies made significant cryptocurrency investments. I

www.forbes.com

These stocks include popular crypto exchanges, cryptocurrency miners, blockchain technology specialists and other companies that have large cryptocurrency holdings on their balance sheets. They can be highly correlated to cryptocurrency price fluctuations, making them extremely volatile and unpredictable.

 

[noirua]

Bitcoin ‘could’ consolidate for ‘4 or 5 months,’ but big cup and handle looks promising — Analyst

Sharp Bitcoin price corrections remain a reality in the near term, but analysts say a handful of data sets point to a powerful range break in the making.

cointelegraph.com

Likening BTC’s price action to gold, which formed a “massive cup and handle” pattern over the last 13 years, with the “cup” lasting four years, Edwards noted how Bitcoin appears to show the same chart pattern.

 

[Value Collector]

Likening BTC’s price action to gold, which formed a “massive cup and handle” pattern over the last 13 years, with the “cup” lasting four years, Edwards noted how Bitcoin appears to show the same chart pattern.

on my recent flight home from Sydney, I looked out the window and saw a cloud that was the shape of a rabbit another like a dragon head, and a lot that just looked like mashed potato.

humans will recognise all sorts of shapes and patterns in random formations, it’s mostly a mistake to try and apply meaning to them.

 

[qldfrog]

Bitcoin ‘could’ consolidate for ‘4 or 5 months,’ but big cup and handle looks promising — Analyst

Sharp Bitcoin price corrections remain a reality in the near term, but analysts say a handful of data sets point to a powerful range break in the making.

cointelegraph.com

Likening BTC’s price action to gold, which formed a “massive cup and handle” pattern over the last 13 years, with the “cup” lasting four years, Edwards noted how Bitcoin appears to show the same chart pattern.

My crypt ETF price is jumping up and down nearly 5% in a day.
Volatile is stunning when you can get the annual RBA rate on as day change regularly.

 

[noirua]

Big miners pose a growing existential threat to Bitcoin

As of May, AntPool and Foundry USA controlled more than 50% of Bitcoin's hash rate. That could become a problem for Bitcoin users in the near future.

cointelegraph.com

The Bitcoin community can combat such consolidation by running as many independent nodes as possible.
Nodes can choose any unadulterated chain in the event a Bitcoin mining pool launched a 51% attack against Bitcoin.
ASIC owners help to stop a mining pool from attacking Bitcoin by pointing their mining rigs to a different mining pool.
If you’re running an ASIC machine, refrain from pointing it to the largest pools — such as AntPool or Foundry USA — which require you to cough up personal information anyway.
Every mining pool could lose business this way, which would go a long way toward dissuading malicious behavior.

 

[noirua]

Mt. Gox’s $9.6B Bitcoin move is part of repayment plans, says trustee

The transfer represents the first significant on-chain movement from Mt. Gox-related wallets in the past five years, ahead of the October 2024 repayment deadline.

cointelegraph.com

The 141,686 Bitcoin was consolidated into wallet “1Jbez" from several other cold wallets associated with Mt. Gox.

 

[peter2]

Noticed my BO line had moved up or price has been adjusted down. Turns out BITO paid a whooping div of 1.768 yesterday.
The divs seem to be getting bigger as well.

 

[DB008]