Discover and read the best of Twitter Threads about #bitzlato
Most recents (5)
@binance has paused #bitcoin withdrawals, but that doesn't necessarily mean the end is nigh (it may be nigh, but that's for other reasons).
bloomberg.com/news/articles/…
To understand what's going on, allow me a 🧵...
bloomberg.com/news/articles/…
To understand what's going on, allow me a 🧵...
1. What is the Bitcoin mempool?
Every time someone "spends" #BTC, it first needs to be sent to what's called the memory pool or "mempool,"
BTC isn't transferred the way money is spent in the traditional sense.
Every time someone "spends" #BTC, it first needs to be sent to what's called the memory pool or "mempool,"
BTC isn't transferred the way money is spent in the traditional sense.
2. Unlike Ethereum (which notionally works more like our regular bank accounts), Bitcoin uses what's known as UTXO or unspent transaction output.
Think of UTXO as what's left in your wallet, as opposed to what you are transferring out.
Think of UTXO as what's left in your wallet, as opposed to what you are transferring out.
🧵1/Ω
➤ #Binance announcing increasingly dire issues w/its fiat on and off ramps.
➤ #CryptoCom's Euro bank accounts were frozen or seized by #BankOfLithuania on 1/21 for money laundering, terrorist financing, and sanctions violations (screenshot)
Let's dig...
Ω👇Ω
➤ #Binance announcing increasingly dire issues w/its fiat on and off ramps.
➤ #CryptoCom's Euro bank accounts were frozen or seized by #BankOfLithuania on 1/21 for money laundering, terrorist financing, and sanctions violations (screenshot)
Let's dig...
Ω👇Ω
🧵2/Ω
Recently users of #CryptoCom were surprised to receive an email saying that #SEPA transfers of $EUR were being “migrated to a new provider” and thus Euro-denominated deposits and withdrawals were temporarily suspended.
Yikes.
Ω👇Ω
Recently users of #CryptoCom were surprised to receive an email saying that #SEPA transfers of $EUR were being “migrated to a new provider” and thus Euro-denominated deposits and withdrawals were temporarily suspended.
Yikes.
Ω👇Ω
🧵3/Ω
#Cryptocom customers couldn't deposit/withdraw for ~100 hours yet #CDC did not send any kind of prior notice to their customers. Many redditors confirm problems began > 24 hours BEFORE #CDC sent out the first (and only) email about the disruption.
Some got 0 emails.
Ω👇Ω
#Cryptocom customers couldn't deposit/withdraw for ~100 hours yet #CDC did not send any kind of prior notice to their customers. Many redditors confirm problems began > 24 hours BEFORE #CDC sent out the first (and only) email about the disruption.
Some got 0 emails.
Ω👇Ω
OG: @pandanaiksapi:
#Binance is the largest crypto exchange in the world with a daily volume of over $15 billion, 10x bigger than the second. It's considered the safest for trading and storing #crypto assets, but is it truly #SAFU? #crypto #trading
A 🧵from a stupid trader (1/?)
#Binance is the largest crypto exchange in the world with a daily volume of over $15 billion, 10x bigger than the second. It's considered the safest for trading and storing #crypto assets, but is it truly #SAFU? #crypto #trading
A 🧵from a stupid trader (1/?)
Binance, founded by @cz_binance in 2017, has its origins in China. Due to the government's ban on #crypto, it had to move its headquarters to Japan. However, as Japan also started to implement stricter regulations for #crypto, Binance had to move again, this time to Malta. (2/?)
On Feb 21, 2020, the Malta Financial Services Authority (MFSA) announced that @binance does not have an operating license. Binance has also been investigated multiple times by the IRS and the US Department of Justice on charges of money laundering.
(3/?)
(3/?)
🚨bUll mArKEt iS bACK 🚨 ANALISI IGNORANTE
🐂 #bitcoin sfonda i 23k nonostante il #chapter11 di #genesis ⛅️
In onore della "bull flag" dell'impeccabile @MMCrypto mi libererò di inutili manuali per urlare un bel:
Bull Market is back! 🎉🍾
1/🧵
🐂 #bitcoin sfonda i 23k nonostante il #chapter11 di #genesis ⛅️
In onore della "bull flag" dell'impeccabile @MMCrypto mi libererò di inutili manuali per urlare un bel:
Bull Market is back! 🎉🍾
1/🧵
2/📈 Chapter 11 #Genesis.
Dopo i timori per #Bitzlato, finalmente una news bullish:
Bancarotta del crypto lender che lo scorso anno ha erogato $ 130,6B di prestiti e scambiato $ 116,5B di asset.
$MANA non dovrebbe volare ma, fa come il calabrone: non lo sa e vola in alto🔥
Dopo i timori per #Bitzlato, finalmente una news bullish:
Bancarotta del crypto lender che lo scorso anno ha erogato $ 130,6B di prestiti e scambiato $ 116,5B di asset.
$MANA non dovrebbe volare ma, fa come il calabrone: non lo sa e vola in alto🔥
3/⛏️ Miners in profitto🤑
Sinceramente preoccupato per loro, mi fa piacere sapere che le finanze tornano in 🟢 in casa miners.
Adesso che sono tornati in profitto non saranno tanto infami da dumparci in faccia i loro profitti, no? 😅
Fonte: @ChartMind
Sinceramente preoccupato per loro, mi fa piacere sapere che le finanze tornano in 🟢 in casa miners.
Adesso che sono tornati in profitto non saranno tanto infami da dumparci in faccia i loro profitti, no? 😅
Fonte: @ChartMind
The U.S. Department of Justice (#doj) made an announcement on #Bitzlato: they have charged the #crypto exchange and arrested its founder.
I see people mocking the news, because this platform was not widely known
This is NOT funny and here's why you should care
👇🧵
1/8
I see people mocking the news, because this platform was not widely known
This is NOT funny and here's why you should care
👇🧵
1/8
First of all, if you go to the #Bitzlato website, you will see that it has been seized and closed.
You can also see that the operation was carried out in collaboration with the police, justice and regulatory services at the international level
2/8
You can also see that the operation was carried out in collaboration with the police, justice and regulatory services at the international level
2/8
One thing that is really important to note is that the platform and it's founder is officially charged on money laundering, and facilitating of money laundering for Hydra Market: a darknet platform where illegal and criminal products and services were sold
3/8
3/8
