Bitcoin In Thailand

[Coss]

A cryptocurrency crash triggered by Donald Trump’s threat of 100% tariffs on China has unleashed fresh claims of insider trading.

There is growing anger among crypto investors after reports claimed that an anonymous investor made up to US$200 million ($347m) by betting that the world’s two biggest digital currencies would fall.

It has been alleged that the trader lodged their so-called short position in Bitcoin and Ether around 30 minutes before the US President announced plans to levy fresh tariffs on China.

Not only did Trump’s threat reignite a trade war between the two countries, but it also rattled markets and led to around US$400 billion being wiped off the value of the crypto market in less than 24 hours.

The timing of the investor’s short position has since raised questions over whether they were privy to inside information from the White House.  LINK

 

Grifters gonna grift...

[Old Hippie]

“Facts” tend to speak for themselves, yet the dump ignores these facts and continues to try and lie his way out of the mess he created with these tariffs and other economic BS…last week he mouthed off again and the market went to shit for a day…we will see what happens tomorrow… Insider trading and market manipulation should come as no surprise to anyone. Oddly, his minions continue to bury their heads in the sand…

[bust]

I read somewhere.

The US government has seized more than $US14 billion ($21.6 billion) in bitcoin and charged the founder of a Cambodian conglomerate over an alleged massive cryptocurrency scam.

My question is what gives the US government the authority considering it's in a foreign country.

[Coss]

I would imagine that the wallet/key/secretpasswords to said billions, were kept on servers, physically in the, or under control of, the USA.

I still avoid any cloud, I have a three tier offline archive and backup.

Though I do use internet banking, so I'm fucked if that is compromised.

Cash under the mattress doesn't work in the modern world.

But when the end comes, cash will be king.

Chap I knew died in Laos not too long ago, he had 2.5 Kg of gold buried under a tree, that only his brother knew about. I only knew he had it, not which tree or which property in which country.

[Old Hippie]

15 hours ago, bust said:

I read somewhere.

The US government has seized more than $US14 billion ($21.6 billion) in bitcoin and charged the founder of a Cambodian conglomerate over an alleged massive cryptocurrency scam.

My question is what gives the US government the authority considering it's in a foreign country.

A few reasons/scenarios here… 1) somehow, some way, as Coss suggested, there is a physical connection to the USA. Servers stored, or as simple as the scammers hit people who were within the USA. Or 2)The dump didn’t want competition to his scam crypto so he violated international law and took action, much the way he keeps taking out “drug boats” in South America…

[Mekong]

I’d side with option 2 

[Coss]