Today is the four year anniversary of one of the worst days in crypto history, when Bitcoin broke 6k support and dropped to almost 3k.
Look how far we have come.
Great clip from President Bukele how the international organizations warned him that cracking down on crime would crash the economy -- gangsters are jobs, according to them.
Yet he persevered, and it turns out freeing the economy of predators makes it grow even faster🫡
CEO of Ark Invest, Cathie Wood, explains that Gary Gensler understands the technology behind #Bitcoin extremely well.
She believes he may be holding the spot Bitcoin ETF hostage due to his interest in becoming Treasury Secretary 🤯
THE DOJ WANTS TO SEIZE YOUR CRYPTO WITHOUT THE APPROVAL OF A JUDGE
Is this the United States or is it China?
The IRS is stepping up its crypto game with a proposal that could massively increase surveillance of digital currency transactions. This move aligns with the DOJ's desire, as revealed in a report, to have more power to snatch up cryptocurrencies, aiming to curb fraud and manipulation. They're pushing to extend their reach with administrative forfeiture, which lets them grab assets without having to convince a judge—just a hunch of wrongdoing is enough.
Despite the government's successful track record of seizing over $4 billion in crypto assets in recent years, they claim they need more firepower. But this raises eyebrows: if they've already bagged billions, why the need for even more control? It's a situation that has many in the crypto community on edge.
The report argues that this expansion is essential for deterring illegal activities and taking away the profits from these crimes. However, critics are pointing out the risks of such broad authority, especially when it comes to privacy and the potential for abuse. Crypto users are being advised to stay alert. With the IRS potentially getting an in-depth look at their transactions, the stakes for privacy and property rights are higher than ever.
This is one of my favorite dad videos
It shows the impact simple things can have in our kids lives
Watch to the end, look how happy the kid is
The dad didn't have to take him to disney world to get this reaction. He didn't have to plan an elaborate birthday party. He didn't have to spend a dime.
He just had to spend a few minutes with his kid, doing something they're both interested in, and boom just like that he made a memory his kid will never forget
2022: 🇺🇸US Senator Bob Menendez says El Salvador adopting #Bitcoin opens doors to money laundering and corruption.
2023: Menendez indicted for corruption, accepted $580,000 bribe in cash and gold bars.
Poetic.