Sanrith Descartes
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Isn't thus why cartels use monero? This supposedly can't happen since the logs are encrypted also( or some such).
Bitcoins/Litecoins/Virtual Currencies
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Sanrith Descartes
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Gubmint meeting and someone mentions how crypto investors think the gubmint can't touch their coins...
Arden
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I'll let the chart pros weigh in, but I would say no. From my limited understanding, BTC is fast approaching a "Death Cross." It may avoid it, but so far it's trending in the wrong direction. Unfortunately, all indications are that all coins are still tied to BTC, so if it takes a plunge to 20k or 25k, the other coins are going to follow (for the most part).
But like I said, you'll probably want to get your advice from the analytics pros.
Sanrith Descartes
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Mist
REEEEeyore
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US seizes $2.3 million Colonial Pipeline paid to ransomware attackers
Funds seized after Justice Department IDs Bitcoin wallet and obtains its private key.
Of note:
So the most likely answer is that they traced the wallet that was storing the money and they'd already seized the private key because it probably existed as data on a seized server or seized communications between members.
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Furry
🌭🍔🇺🇦✌️SLAVA UKRAINI!✌️🇺🇦🍔🌭
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Okay, so a good ole case of the stupids, that makes sense.US seizes $2.3 million Colonial Pipeline paid to ransomware attackers
Funds seized after Justice Department IDs Bitcoin wallet and obtains its private key.arstechnica.com
Of note:
So the most likely answer is that they traced the wallet that was storing the money and they'd already seized the private key because it probably existed as data on a seized server or seized communications between members.
Tmac
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Arden
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Just going on Fintwit, but seeing the same stuff on Reddit. Pomp is about to bust a blood vessel.
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I should amend as this was sort of a kneejerk response. Been away from tech all day and first thing i do is open my phone and all i see was a dive, freaked out a bit. I haven't gone below my initial investment. Just the cycle we seem to be in. I'm getting conflicintg information, which seems to be the case with crypto , about which way to look at this. I'm having a hard time reading the charts. I have a long term bullish outlook but then i see people talking about a bear, a death cross, and a plunge. Do i get out now and hold my cash and wait for the dive before jumping back in the pond? Do i commit long term and check back in 6 months? Can't make up my mind.
Arden
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Imo you should let the lessons some of the hedge funds have already learned guide you: short answer is the long hold is always the most profitable. See below:
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Sanrith Descartes
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There is an old saying in the InfoSec world. The most secure password can be unlocked with a $5 hammer. The one fundamental weakness of crypto that I see is that the passwords are so complex they can't be memorized (by normal people). They have to exist somewhere. The weak link is the guy/girl who knows where the password is. This is where the $5 hammer comes into play.
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swayze22
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You mean like when the IT geniuses make you change your passwords every 60-90 days or whatever so therefore everyone has a sticky note right beside their computer listing them?
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swayze22
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yes exactly, that too. when i started in corporate world it was sticky notes but there has been a shift
wait does this mean CRYPTO IS A HOAX?
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Sanrith Descartes
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BTC at $33,600. 31-32 is still the line of support. This FBI news could be enough to push a real test of that line.
Caliane
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or the CIA knew the private keys of their own servers. and the damage was done to oil, and they can "solve" the case now for a win/win.US seizes $2.3 million Colonial Pipeline paid to ransomware attackers
Funds seized after Justice Department IDs Bitcoin wallet and obtains its private key.
Of note:
So the most likely answer is that they traced the wallet that was storing the money and they'd already seized the private key because it probably existed as data on a seized server or seized communications between members.
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Arden
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FBI recovering Bitcoin that was used as payment in a ransomware attack shouldn't be causing FUD... Quite the opposite. Cash paid in these situations is almost never recovered, yet they managed to recover the BTC because:
1. BTC isn't some diabolical tool that allows bad guys to get away with things they couldn't get away with using cash.
2. The immutable ledger and transparency of BTC actually makes it easier to trace/follow than other forms of payment.
Both of these things should make BTC MORE attractive to governments, not less.
1. BTC isn't some diabolical tool that allows bad guys to get away with things they couldn't get away with using cash.
2. The immutable ledger and transparency of BTC actually makes it easier to trace/follow than other forms of payment.
Both of these things should make BTC MORE attractive to governments, not less.
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