How one couple legally made $300k through a loophole:
1. They got a 5% cash back AmEx cc
2. Spent ~$6.5m on prepaid cards
3. Used prepaid cards on money orders
4. Used money orders to pay the cc
5. Got paid ~$300k in cc rewards
IRS sued them for taxes.
IRS lost.
Genius.
@WhaleChart If there is no fist withdrawals it can’t go bust if it holds the coins. Connected to a central authority is where decentralization will always fail
BREAKING: Dr. Craig Wright did complete analysis of the spread from the top 45 exchanges. More than 29 million #Bitcoin was for sale.
There are 19 million bitcoins mined so far. Withdraw your crypto!
BREAKING: US prosecutors consider filing criminal charges against @Binance and CZ for possible money laundering and sanction violations, Reuters report.