I'm not sure if collecting taxes on bitcoin just because it encourages adoption and allows various nations to keep bitcoin, but in this case, I'd like my country to remain tax-neutral (not legal and not illegal but a choice) on this issue. I understand that paying taxes as a citizen of a country is usual, but why are they treating bonds and stocks differently when you cash out? A 30% tax on capital gain or loss is so large that you are practically paying back what you have made on an investment.



You're straining to get your bags to pump and the government is waiting to utilize your sweet tax to fund the national budget. I wouldn't mention the transaction fees. 

Women named Rhonda have 6 units of bitcoin back in the year 2013. She had bought them knowing it through a radio talk show. While she was buying the price was $80 and she had used it for some time and forgot it until 2017. When the price of bitcoin increased reaching around $20000 she got excited and started finding her holdings on the computer.

She had lost her login information, she had got her password printed on a paper, but some letters on the wallet identifier is missing. She had tried for months and finally gave up.

Once again during the last year's rise of above $50k she got into getting back her bitcoins. Finally explored how can it be recovered on internet. Here she had found a father and son named Chris and Charlie Brooks who claimed to be “crypto treasure hunters." After having conversation with those guys she had handed every details about the wallet. Everything has been done through the video call and her bitcoins were back. Her wallet had got $175000 in bitcoin and she had paid Chris and Charlie 20% and $10000 for her daughter Megan. Have kept the rest on a secure hardware wallet.

I don't know how far this is true or is this a way of promoting Crypto Treasure Hunters, but this is really a happy moment for Rhonda getting back her bitcoins after nine years.

Source : Woman Named Rhonda Got Her Lost Bitcoins Back

Hire writers and have it publish to reputable public relations website or any news website. It's true that marketing really is bringing in the most for a project.
But, it doesn't have to be all marketing and you still have to balance things or still focused in the development of the project. It's like that you're all buzz but no good content if you'll focus in marketing.

If they are not been suspected of suspicious activities leading to the exchanges reports, they are still free till now. But yes, they leave such traces that could help the FBI to detect the couple's fraud activities. Honestly, they are not too smart to hide their doings but they are too bold enough to leave such a trace.

Even we think it was a success story for the FBI in hunting criminals like them, keeping anonymous won't easily give them the idea of who are they. But with their simple mistake could somewhat give a hint to the authorities and that is the reason why they end up getting caught.

With this scenario, scammers are now extra careful when cashing out their stolen crypto but what I want is they will be all caught with their own mistakes. That's right, we don't need to know about how the police caught them or what strategies they used. because it's crucial tools for their next target and they might fail to track the others. This is how it should be when they publish it, they need to emphasize their criminal act and not to put the blame on bitcoin.

The government is still hesitant not because of transparency but because it is decentralized and they could never get a hold of the whole picture of all the btc transactions. I believe that's one major reason. But when we talk about transparency purposes, btc is actually a good currency as the people will now see where the money goes. For example, government projects with known btc address/es, the public can now trace where the funds are going, thus, lessening the bribery part. That is, if the government will utilize the btc option.

And also, if these fraudsters know how to manage their btc to remain anonymous, they actually can. This is why there are mixers. But I guess, these two made a mistake.

I was one who had their coins stolen back in 2016 and I don’t think I will get them back even if they were recovered. Basically after the hack they gave everybody some token for their company.

The token went up and I sold and my loss in fiat terms was minimal so I just moved on with my life. Then eventually the token was 1:1 with what was stolen but I already sold.

So most people especially if they held everything got paid back in fiat, not Bitcoin. I doubt they will give us our bitcoins back.

It would really be just considerable if Bitfinex would really consider out on not to give any coins back into those users who had been affected by the hack.Why? They had already refunded or compensate earlier which means
they dont have already the responsibility of doing so even the coins been retrieved out but pretty much sure that there would be users who would really file up and tending to have some part
but on general or actual sense of things then they do have the full rights on whatever Bitfinex would really to do about of those coins.

This article is a good read about what has happened before after the hack and as well as where the recovered bitcoins must go.
Article: Who gets the $3.6BN in Bitcoin US seized in Bitfinex hack?
It's actually a developing story and we still need to wait further for the decision about it. It is not only bitfinex that will decide on this, do they or not?

This is an interesting thought I had recently too.

The hacked funds were taking in cryptocurrencies but a lot of the payouts and buybacks were done in fiat. Since it was in 2016 it started and took a few years for people to be paid back, bitfinex might have to refund people their crypto but they might find a reason not to...

Recently, I went through the article about the biggest cryptocurrency fraud in history executed by a married couple.  Ilya Lichtenstein and Heather Morgan, husband, and wife, have been tracked down by the FBI for laundering 119,754 bitcoins from Bitfinex five years ago. After many attempts to rinse the money through chain hopping on numerous anonymity enhanced cryptocurrencies like monero. The FBI was able to apprehend them.

I want to know, what else does the government want to regulate the cryptocurrency blockchain for if the FBI can perform such a rigorous search on all the virtual accounts that have been created online by the couple? And found the private key linked to the wallet that received the funds, and they recovered over $3.5 billion and recorded it as the biggest seizure in the cryptocurrency niche.



I think the transaction the Government cannot track in the block-chain technology has not be made. FBI claim that they will endeavor to trace any fraudulent activity in the cryptocurreny network through their 21st century investigative technique. (I don't know what they mean by that)







Read:
https://www.justice.gov/opa/pr/two-arrested-alleged-conspiracy-launder-45-billion-stolen-cryptocurrency

In 2013 we had a bull run but at that time bitcoin was not known to me. I myself saw the 2017 bitcoin bull run and then we had a massive altcoin bull run. We were expecting the same to happen in 2021 but it did not happen. Some people say that bull run is delayed and some say that next bull run will be after the next halving in 2024.

I sometimes think that bitcoin and crypto market are now matured and we may not see extended bull or bear runs. Bitcoin will reach a hunderd thousand dollars or more but it won't be a parabolic move. What are your thoughts on this ?

The crypto is the game of bull-bear, if there is no bull-bear then people wouldn't be interested much here. We can't predict exactly what will happen near future, who thought back 2 years Bitcoin would touch almost $68K? It was the bull. But at the moment we are in bear mode. There are various reasons behind it. But not much dip we can see. Because once Bitcoin dump to dip, more investors accumulate it. That's why it's been stable above $30K lately. But don't concentrate too much on what people say always. Think yourself and research more to make the right decision.

Bitcoin will never free us from governments, or even help alleviate poverty anywhere. It is supposed to be used as a supplement to existing financial framework that we have, which is fiat. It was never meant to topple fiat anyways, and those who think otherwise are completely delusional and straight up tripping. Also, in the aspect of 'control,' it simply means that we have the freedom to keep our assets somewhere without financial institutions and governments trying to influence it.

I made a big mistake when I first entered in cryptocurrencies because I took participated in a campaign MB8 miltibuy project managed by Yahoo sir . But I transferred all my coin on whitebit exchange but unfortunately my all coins vained due to exchange delisting.

I made a big mistake when I first entered in cryptocurrencies because I took participated in a campaign MB8 miltibuy project managed by Yahoo sir . But I transferred all my coin on whitebit exchange but unfortunately my all coins vained due to exchange delisting.

That's a good thing of course and it should be starting now that universities are giving lessons on cryptocurrency,
this is certainly inseparable from crypto which continues to grow rapidly,
besides that many people who really understand about cryptocurrency they get from self-taught

Though it is vague to say that the government should protect crypto users but one thing is we will surrender our data to them in order for the government to do their job. This is why these local crypto exchanges and other crypto businesses are under the government's laws and regulations. But in return, we are submitting our KYC details to these platforms. This is the repercussion of asking our government to protect its citizens. But the government can only do so much. If the scammer is anonymous and out of their jurisdiction, I don't think the government can fast track the resolution of their citizen's problems. It is still up to the user how he can protect himself from possible screw up.

Information via @digits [link]


If anyone has other website links to this development, can they please share them in this thread please?

There is a template in the OP for people to set out their reports in the same stye as the above.

Thanks again.

Are you lost in track? You could always follow up this thread.
https://bitcointalk.org/index.php?topic=5097916.0

Although the latest update was still on July last years which we could really presume out that this case is already been dead.