Money, investing, mutuals etc
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Sarah
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by Sarah » Thu Jun 16 2022 1:28pm
In a country that gambled on making bitcoin legal tender, their treasury is buying the dips...
The country's 2,300 bitcoins are now worth half what the government paid for them, but the finance minister has brushed off criticism, saying there is "extremely minimal fiscal risk".
https://www.bbc.co.uk/news/technology-61813845
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planteria
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by planteria » Mon Jun 20 2022 8:54pm
Bukele's tweet was back on 9th May, and the price has dipped further since then..
but regardless, they're right to average down i suspect. and time will tell.
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pabenny
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by pabenny » Tue Jun 21 2022 6:12am
Chadwick wrote: ↑Wed Jun 15 2022 12:49pm
So Bitcoin is basically people swapping usable cash for something that doesn't really exist?
...
It still sounds like the emperor's new clothes to me.
Yup
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macliam
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by macliam » Tue Jun 21 2022 9:15am
At least with magic beans you get a bean........
Just because I'm paranoid, it doesn't mean they're not out to get me
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pabenny
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by pabenny » Fri Nov 18 2022 10:46am
That's the Bitcoin that's fallen in (GBP) value by two thirds over the last 12 months?
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Sarah
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by Sarah » Wed Mar 29 2023 12:22pm
Binance and its CEO in the dock; but not a collapse like so many of the big crypto stories last year...
In a complaint filed on Monday, the CTFC accuses Binance of having an “ineffective compliance program” and claims it “knowingly” broke the law.
The agency claims Zhao, Lim, and other executives “failed to properly supervise Binance’s activities” and “actively facilitated violations of U.S. law” as a result.
The lawsuit also addresses some of the internal conversations brought to light by a report from The Wall Street Journal earlier this month, alleging that Binance “instructed” its customers in the US to use virtual private networks (VPNs) to hide their locations in order to trade on the platform.
https://www.theverge.com/2023/3/27/2365 ... wsuit-cftc
https://www.bloomberg.com/news/articles ... ule-lapses
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