BITCOIN

mooneysaver

Scottex99 said:

Not shilling for the cash but by all means have a dabble if you like and definitely worth watching me awkwardly reading my lines in the video, haha.

FTX just closed a 900m investment yesterday too. Plenty of money around and a lot going in to crypto.

https://www.crowdcube.com/companies/digital-asset-management-dam/pitches/Z1X5gl

So now nearly end if Jan and not a word about what's happing still says processing any info would be good

The email we just receive to ask us to fait for "legal document to be complete" seems fishy.

Been a long time in processing what happens next?? Looking forward to a response

Now that our payments have been processed, how do we see a valuation of our shares? And what's next in our journey?

Super quiet for a crypto company for the past 4 months since fund raising, feel like a rug is being pulled.

silvercue

Scottex99 said:

Zola. said:

https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html

Bullish. 
Could be what's behind the little recovery from the last 5 days.. 

Except that was this time last year!

Then Elon suddenly realised that mining uses electricity and dumped them (at profit) I think.

It’s cool though, we still have Saylor

They sold 10% of their holdings only I believe.  

Scottex99

mooneysaver said:

Scottex99 said:

Not shilling for the cash but by all means have a dabble if you like and definitely worth watching me awkwardly reading my lines in the video, haha.

FTX just closed a 900m investment yesterday too. Plenty of money around and a lot going in to crypto.

https://www.crowdcube.com/companies/digital-asset-management-dam/pitches/Z1X5gl

So now nearly end if Jan and not a word about what's happing still says processing any info would be good

The email we just receive to ask us to fait for "legal document to be complete" seems fishy.

Been a long time in processing what happens next?? Looking forward to a response

Now that our payments have been processed, how do we see a valuation of our shares? And what's next in our journey?

Super quiet for a crypto company for the past 4 months since fund raising, feel like a rug is being pulled.

Haha, nice. Retail people with £100 invested are always the first to start complaining. (I have no idea how much he invested).

I shouldn't say too much on a public forum but legals are just about to be signed off and retail app is coming within 2 weeks. I was on a call with our CPO this morning actually.

What's also interesting is us going into the retail is just another vertical. Ofc we want it to work and and would love to have 1 million users but if we don't pull it off, it doesn't matter. I run the OTC desk where we trade 100m+ every month (min trade $25k), in fact yesterday I traded about $12m. If our standard fee is in the 0.5-1% range, then you can figure out our potential revenue easily enough 

Zola.

https://youtu.be/oWAqkMKT5mM?t=2152

Interesting discussion on Bitcoin with Fidelity's Director of Global Macro Jurrien Timmer..

Zola.

https://twitter.com/Breedlove22/status/1492796177271582721?t=nN1NRMoyf72XWROBWIV7_Q&s=19

  

Hexane

https://www.bbc.co.uk/news/business-60369879

HMRC seizes NFT for first time in £1.4m fraud case

HMRC said the suspects in its fraud case were alleged to have used "sophisticated methods" to try to hide their identities including false and stolen identities, false addresses, pre-paid unregistered mobile phones, Virtual Private Networks (VPNs), false invoices and pretending to engage in legitimate business activities.

Nick Sharp, deputy director economic crime, said the first seizure of an NFT "serves as a warning to anyone who thinks they can use crypto assets to hide money from HMRC".

"We constantly adapt to new technology to ensure we keep pace with how criminals and evaders look to conceal their assets."

HMRC said it had secured a court order to detain the seized crypto assets worth about £5,000 and three digital artwork NFTs, which have not been valued, while its investigation continues.

A man living in or near Gibraltar with a Scottish accent, said "This has nothing to do with Bitcoin, you are so naive. My desk has dealt with millions in the last few seconds, you hae no idea what you're talking about"

Scottex99

Haha, very good. Another lovely piece for my scrapbook.

That's actually interesting that HMRC even know what an NFT is. And is it seized or is there a court order for it to be seized? Unless the person handed over their keys to their wallet, it's "un-seizable"

Malthusian

Like many sovereign citizen bros before them, they will find the NFTs become seizable very quickly when the choice is between either handing them over or extra jail time.

Reading between the lines, the NFTs are probably worthless anyway so HMRC may not bother doing anything else. (The article says they "haven't been valued".) They only had £5k in crypto plus the three NFTs. Mostly HMRC are using the word "NFT" to score some free publicity.

That's actually interesting that HMRC even know what an NFT is.

Imagine people who deal with financial crime day in day out knowing about a popular vehicle for money laundering. That's like being surprised that your local nick's traffic department knows what a car is.

Scottex99

That's actually interesting that HMRC even know what an NFT is.

Imagine people who deal with financial crime day in day out knowing about a popular vehicle for money laundering. That's like being surprised that your local nick's traffic department knows what a car is.

Yeah obvs, but the average HMRC worker (I assume) isn't some kind of AML wizz and keeping up to date with the latest advancements in blockchain and digital assets. Plus I wouldn't say NFTs are particularly popular for money laundering given that the average Joe only heard about them within the last 6 months

Malthusian

Scottex99 said:

Yeah obvs, but the average HMRC worker (I assume) isn't some kind of AML wizz and keeping up to date with the latest advancements in blockchain and digital assets.

They're not experts in property, gold mining, fine art or supercars either, but that's not an obstacle to HMRC seizing any of those things if they have you in chokey for tax fraud. Contrary to the Wolf of Wall Street fantasies of sovereign citizen bros.

And the lawyers working in the tax fraud squad aren't the average HMRC worker.

For £1,666 (£5,000 ÷ three individuals) nobody is going to play Count of Monte Crypto. If you bought your freedom you could quickly earn the money back flipping burgers as a free man.