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teminalibug

Arrested by the US Authorities Arrest For Teaching Cryptocurrency

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I was juts reading Forbes news and I found this news about a guy called Virgil Griffith, who was arrested for teaching about cryptocurrency.

Man! I thought The US had accepted crypto in 2018 at least that is what i was told, then what is this?

 

According to the aritxcle maybe The US has not fully accepted crypto juts like China. you can read more at https://www.forbes.com/sites/jasonbrett/2019/11/29/us-authorities-arrest-virgil-griffith-for-teaching-cryptocurrency-and-blockchain/#db602d042cba

 

UPDATE;

The man was arrested for teaching crypto in north Korea, But he was arrested by the US authorities, brings another question, why would they arrest him, I mean he had no permit to travel there and do all that but still.

 

Edited by teminalibug

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😥
Hmm, well, things happen , and somehow he didn't sell it anonymously. Weird. Maybe he broke some rules on the sale of the cryptocurrency which is prohibited by law? I don't know, it's not cool

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You should read the news carefully and completely. The person in question was not in fact arrested for cryptocurrency teaching. He was arrested because he had traveled to North Korea without permission from federal government. US considers North Korea as its adversary and they think Virgil wanted to help Korea evading sanctions by using cryptocurrency.

They think Virgil's teaching about crypto and blockchain will help to increase funding for Korea and they use it to build more nuclear weapons.

This is what I read in the news. If he had taught about cryptocurrency in US, he would never be arrested.

There are lots of academic courses about blockchain in US which means it is legal to teach about this technology.

Edited by Brushless4500KV
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They try to remove those who have at least some power and talk about cryptocurrencies, because they are simply unprofitable to them, since they can not control them.

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What I comprehend is that in the United States, facilitated commerce with digital currencies has not been acknowledged. It has been the subject of discussion in the legislators chamber and in different organizations however there is some dismissal since they can be an instrument to back tax evasion and fear based oppression. How about we see where such finishes. also, by one way or another he didn't sell it secretly. Abnormal. Possibly he disrupted a few guidelines on the closeout of the digital money which is denied by law? I don't have any acquaintance with, it's not cool.

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This is very disappointed, why they should do this? Bitcoin is illegal even for teaching or telling some ideas about it, like this way I don't think that cryptocurrencies will move on 

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7 hours ago, teminalibug said:

I was juts reading Forbes news and I found this news about a guy called Virgil Griffith, who was arrested for teaching about cryptocurrency.

Man! I thought The US had accepted crypto in 2018 at least that is what i was told, then what is this?

 

According to the aritxcle maybe The US has not fully accepted crypto juts like China. you can read more at https://www.forbes.com/sites/jasonbrett/2019/11/29/us-authorities-arrest-virgil-griffith-for-teaching-cryptocurrency-and-blockchain/#db602d042cba

 

You should have read the news properly yourself as well as many commentators here. The man was not arrested for teaching about cryptocurrencies in the U.S., but because he  traveled to North Korea without the permission of the U.S. Department of State and delivered a speech at the Pyongyang Blockchain and Cryptocurrency  Conference on using cryptocurrency to evade sanction. 

Quote

Despite receiving warnings not to go, Griffith allegedly traveled to one of the United States’ foremost adversaries, North Korea, where he taught his audience how to use blockchain technology to evade sanctions.

 

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i dont know what went wrong or the story behind that arrest but the US doesnt ban bitcoin but they have strong position when it comes to ICO because a lot of Americans lost money in scam projects.

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10 hours ago, teminalibug said:

I was juts reading Forbes news and I found this news about a guy called Virgil Griffith, who was arrested for teaching about cryptocurrency.

Man! I thought The US had accepted crypto in 2018 at least that is what i was told, then what is this?

 

According to the aritxcle maybe The US has not fully accepted crypto juts like China. you can read more at https://www.forbes.com/sites/jasonbrett/2019/11/29/us-authorities-arrest-virgil-griffith-for-teaching-cryptocurrency-and-blockchain/#db602d042cba

 

No my friend I don't think the American government has anything to do with this but I know for sure that crypto isnt banned in all states because we have exchanges operating from the US  like bittrex.

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This is a sadly news mate, there has an people that willing to teach what is crypto all about, i think that country are banning crypto because many people using this in negative way.

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Just now, Cryptominded said:

You should have read the news properly yourself as well as many commentators here. The man was not arrested for teaching about cryptocurrencies in the U.S., but because he  traveled to North Korea without the permission of the U.S. Department of State and delivered a speech at the Pyongyang Blockchain and Cryptocurrency  Conference on using cryptocurrency to evade sanction. 

Ah right I should have, then I'm gonna have to update the topic to match the true story.

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7 hours ago, Hanhassie said:

I thought they accepted crypto too, what was wrong with teaching students about cryptocurrency, that is wrong of them for doing so

There is a link in the opening thread, what to do is usually to visit it and get a better understanding of what transpired before adding a comment, so that the forum would be enriched with well thought out inputs, not guess work. 

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I think this is bad and the United States will regret that it has banned teaching about cryptocurrencies when the rest of the world develops in the field and America still knows nothing about it.

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THINK POSITIVE

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This is bad for America because it has to allow education about cryptocurrencies in order to keep up with the developments in China and be very competitive.

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11 hours ago, Hanhassie said:

If i haven't read, i would have something to say. Firstly all post supposed to be on the forum not an external link to go to other places. Sorry to say this, I don't trust links they cam be infected

I think it's just okay to only reference part of an article here and then a link to post, but more importantly you have to attach your personal comment, otherwise it would be nothing short of copy and paste. If you're to paste all content here, some might be too voluminous. 

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I read your all news and this is so said and why they arrest him just because of teaching, teaching is not a crime if you sell any coin to another person and make scam with him then the government will arrest you on that time but this is not a sense that you arrest any person just because of teaching.

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If he is an immigrant that is another story, he is not a citizen of North Korea, the US authority has full right since he is their citizen

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12 minutes ago, faisalkhabirr said:

Hello there i would like to tell you that those countries who has not accepted the cryptocurrencies fully yet they will definitely make chaos against it and the US is a powerful country which will definitely don't do. Anything which will harm their reputation 

But Cryptocurrency in the US i heard that it is regulated so people are allowed to use it just with bigger taxes imposed.

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I'm little bit confused why US arrested the man in North Korea. But for me the point of arresting a man because of Crypto Currency is so misleading because it avoid the true importance of Crypto to the society. Why this country don't like Crypto?

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I don't think this is truth cause cryptocurrency is being teach in many universities in America MIT is offering a course  in blockchain design and they also have seminars where they dicuss about cryptocurrency and its impact on the financial sector.

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This is bad news for us, he just teaching about cryptocurrency and it is not a crime teaching those people about cryptos. Sometimes I don't understand the government.

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altogether over the humanity direction not up about Crypto it's not carnival for this sanity scores of Investors cause our bazaar and Us not good enough copious and and ICO or IEO are not acceptable and completely payments gateway and BTC engine is privileged
 

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On 11/30/2019 at 5:52 PM, teminalibug said:

I was juts reading Forbes news and I found this news about a guy called Virgil Griffith, who was arrested for teaching about cryptocurrency.

Man! I thought The US had accepted crypto in 2018 at least that is what i was told, then what is this?

 

According to the aritxcle maybe The US has not fully accepted crypto juts like China. you can read more at https://www.forbes.com/sites/jasonbrett/2019/11/29/us-authorities-arrest-virgil-griffith-for-teaching-cryptocurrency-and-blockchain/#db602d042cba

 

UPDATE;

The man was arrested for teaching crypto in north Korea, But he was arrested by the US authorities, brings another question, why would they arrest him, I mean he had no permit to travel there and do all that but still.

 

Apparently it only points to one direction which is crypto has not been fully acceptable by the world system as a whole and many countries see crypto as an illegal technology

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15 hours ago, Goody28 said:

Apparently it only points to one direction which is crypto has not been fully acceptable by the world system as a whole and many countries see crypto as an illegal technology

Well i thought us was accepted fully by the US until this happened and i thought even after acceptation regulations are tough.

Edited by teminalibug

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It is not good news us arrested only for teaching about crypto currency.i hope in future all countries fully adopt crypto currency and allow to teach people about crypto.

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There were no currency interventions to save the national currency, which many market participants feared. Recall that strategists from the Dutch Rabobank called the level of 155.00 critical for the start of such interventions by the Ministry of Finance of Japan. The same mark was called by 16 out of 21 economists surveyed by Reuters. The rest predicted such actions at levels of 156.00 (2 respondents), 157.00 (1), and 158.00 (2). USD/JPY has long exceeded the levels at which the intervention took place in October 2022 and where the market turned around about a year later. It now seems that 158.00 is not the limit. Perhaps it is worth raising the forecast bar to 160.00? Or immediately to 200.00?   USD/JPY ended the past week at 158.32. The forecast of analysts regarding the near future of the pair looks as follows: fear of currency interventions still prevails over 60% of them, while the remaining 40% are waiting for the continuation of the flight to Mars. Technical analysis tools clearly have no concerns about interventions. Therefore, all 100% of trend indicators and oscillators on D1 point north, although a third of the latter are in the overbought zone. The nearest support level is located in the area of 156.25, then 153.90-154.30, 153.10, 151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. And it is practically impossible to determine resistance levels. We only note the reversal maximum of April 1990, 160.30, although this target is quite conditional.   No significant events regarding the state of the Japanese economy are expected in the coming week. Moreover, traders should keep in mind that Monday and Friday in Japan are holidays: April 29, the country celebrates the birthday of Hirohito (Emperor Showa), May 3 – Constitution Day.   CRYPTOCURRENCIES: Where Will Bitcoin Fall?   As expected, the fourth halving took place in the bitcoin network at block #840000 on April 20. The reward for finding a block was reduced from 6.25 BTC to 3.125 BTC. Recall that halving is a halving of the reward size for miners for adding a new block to the bitcoin blockchain. This event is embedded in the code of the first cryptocurrency and occurs every 210,000 blocks – until the moment when the mining of 21 million coins (presumably in 2040) ends the emission of cryptocurrency. It should be noted that the fourth halving will provide for the mining of approximately 95% of the entire bitcoin emission, about 99% of all coins will be mined by 2033-2036. Then, the emission will gradually move towards zero.   In the previous review, we promised to tell how the market would react to this important event. We promised – we report: the market reaction is close to zero. For several days after the halving, there was no growth in volatility. The price of bitcoin slowly and lazily moved first upward, reaching $67,269 on April 23, and then returned to where it began its weekly journey: to the $64,000 zone. It seems that market participants froze in anticipation of who would be the first to start buying or, conversely, selling the main cryptocurrency massively.   According to experts from Bitfinex, the post-halving supply restriction stabilizes the price of the first cryptocurrency and may contribute to its growth. "The reduction in the pace of bitcoin issuance after halving, which will amount to $30-40 million per day, contrasts sharply with the daily net inflow of $150 million into spot ETFs. This emphasizes a significant demand and supply imbalance, which may contribute to further price growth," stated the Bitfinex report.   However, analysts from QCP Capital believe that bitcoin optimists will have to wait at least two months before assessing the effect of the past fourth halving. "The spot price grew exponentially only 50-100 days after each of the three previous halvings. If this pattern repeats this time, bitcoin bulls still have weeks to create a larger long position," their report stated.   Anthony Pompliano, the founder of the venture company Pomp Investments, believes that within 12-18 months, the coin is expected to grow to $100,000, with chances of reaching $150,000-200,000. However, before moving to a bull rally, BTC/USD, in his opinion, is waiting for a correction down. At the same time, Pompliano believes that the price will not fall below $50,000. "I think we have already crossed this Rubicon," – he wrote.   The possible upcoming decline of the main cryptocurrency is probably a topic currently much more discussed than its subsequent growth. Many agree that bitcoin coins will appreciate in the long term. But how will quotes behave in the more foreseeable future? Fidelity Digital Assets, the leading issuer of one of the spot BTC ETFs, has already revised its medium-term forecast for bitcoin from positive to neutral. The reason for abandoning optimistic sentiments is several worrying trends in the crypto market. Fidelity analysts noted the growing interest in selling from long-term hodlers. Among them, there is currently a large percentage of profitable addresses, as noted in the company's report. This means that holders may want to lock in profits and start selling BTC. On the other hand, on-chain data indicates that small investors, on the contrary, continue to accumulate the first cryptocurrency. Since the beginning of the year, the number of addresses on which BTC is stored for at least $1,000 has increased by 20% and reached a new historical maximum. "Such a trend may indicate the growing dissemination of bitcoin and its acceptance among 'average' users," – Fidelity noted.   Specialists from CryptoQuant examined the SOPR indicator readings for these categories of investors and made conclusions similar to those of their colleagues from Fidelity. Investments in Bitcoin by "new" whales (owners of coins "aged" less than 155 days) almost doubled the indicator of "old" large players (more than 155 days). At the same time, the increased value of the metric showed that the profits of the "old" hodlers significantly exceed the indicators of the "newcomers". And if the "old-timers" move to fix profits, this may lead to the formation of price peaks. An analysis of the current picture, according to CEO of CryptoQuant Ki Young Ju, also speaks of the need to exercise caution in anticipation of possible corrections and increased volatility.   Recall that earlier, specialists from JPMorgan noted that digital gold is in a state of overbought. And co-founder of CMCC Crest Willy Woo noted that if the price of the first cryptocurrency falls below the support level of short-term holders at $58,900, the market risks moving into a bearish phase.   As of the evening of Friday, April 26, the BTC/USD pair is trading in the region of $63,950. The total capitalization of the crypto market is $2.36 trillion ($2.32 trillion a week ago). The Bitcoin Fear & Greed Index remained in the Greed zone, although it rose from 66 to 70 points.   Finally, in conclusion of the review, our long-forgotten crypto-life-hacks column. It turns out that in order to become a crypto millionaire, it is enough to have a marker and a piece of paper. The possibility of such a way of enrichment was proven by Christian Langlois, also known as Bitcoin Sign Guy. This guy made headlines in many news outlets after showing a notebook sheet with the inscription "Buy Bitcoin" behind the back of the Chair of the Federal Reserve System Janet Yellen. At that moment, the head of the Fed was giving testimony about the state of the US economy. This image instantly spread across the network and became one of the symbols of the emerging crypto industry.   For his misdemeanour, the 22-year-old intern Langlois was disgracefully expelled from the hearings. But after this episode was shown on television, enthusiasts sent 7 BTC to his crypto wallet to thank the guy for his bold move. Four years ago, Christian sold 21 copies of the "cult" sheet at an average price of 0.8 BTC, earning another 16.8 BTC. Thus, his total earnings reached 23.8 BTC, which is more than $1.5 million at the current exchange rate. And a few weeks ago, Langlois was offered another 5 bitcoins for the original, but he refused to sell the sheet. Nevertheless, Christian liked the idea of further monetizing the self-created object of "artistic and historical heritage", and he decided to sell it at an auction, directing the proceeds to finance his startup Tirrel Corp. On April 25, 2024, the auction house Scarce.City reported that the lot, which became a popular meme, was sold for 16 BTC (more than $1 million). NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • С радостью сообщаем, что мы добавлены на мониторинг OKchanger Контакты: Наш сайт - https://bitkovskiy.io/ Почта - bitkovskiy.change@gmail.com Telegram - https://t.me/Bitkovskiy_exchange
    • там автоматом, вроде, должно. при соблюдении нужных пунктов. что-то типа этого:     а еще у них есть пулы:     а ля американские горки вверх-вниз?
    • В России планируют запретить оборот криптовалют — депутаты назвали точную дату   Исключение авторы проекта предлагают сделать для майнеров, участников майнинг-пулов и «проектов Банка России в рамках экспериментального правового режима». Участниками обращения криптовалют считаются российские или иностранные юрлица и их представительства, а также физические лица, находящиеся на территории страны не менее 183 суток в течение 12 следующих подряд месяцев (то есть полноценные российские налоговые резиденты). Законопроект предлагает запретить на территории страны любую рекламу самих криптовалют и рекламу организации обращения виртуальных монет. Сейчас в действующем законодательстве есть запрет на расчеты между физическими и/или юридическими лицами в криптовалютах, но нет запрета на «организацию обращения» в любом виде. Это обновленная редакция законопроекта № 237585-8, который появился в ноябре 2022 года и должен был отрегулировать майнинг. Тогда документ не прошел даже перовое чтение. В феврале 2024 года авторы законопроекта снова попытались дать ему ход, но 19 апреля комитет по финансовому рынку постановил отправить текст на доработку. В пятницу, 26 апреля, вечером новая версия появилась на столе у председателя Госдумы Вячеслава Володина. Авторами и прошлой, и новой версии законопроекта значится группа из 16 депутатов, в том числе достаточно статусных: председатель комитета по финансовому рынку Анатолий Аксаков, зампредседателя комитета Аркадий Свистунов, зампредседателя комитета по информационной политике Антон Горелкин, первый зампредседателя комитета по безопасности Андрей Луговой, бывший министр сельского хозяйства Алексей Гордеев и так далее. В начале апреля главный фронтмен законопроекта, Анатолий Аксаков, жаловался, что принять закон мешает «одно-единственное ведомство». И обещал, что проект точно станет законом в августе.
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