Bitcoin Thread

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www.moneyweb.co.za

Turkish crypto exchange goes bust as founder flees country

Leaving hundreds of thousands of investors fearing their savings have evaporated as authorities sought to locate the company’s 27-year-old founder.
www.moneyweb.co.za www.moneyweb.co.za

Losses could be as high as $2 billion, according to Haberturk newspaper, and a lawyer for the victims said the money invested by about 390 000 active users had become “irretrievable.” Both figures have been disputed by Ozer. About 30 000 users have been impacted, he said in a statement on the company’s website on Thursday.
 
3-4 more weeks. i bought at the morning low. then dumping all into Ethereum because I believe it will be the long term survivor. My end goal is not having to even care about these swings, because they won't matter.
 
Security PSA - the Flubot Android malware currently circulating via SMS has a crypto wallet stealing mechanism in it. Don't click on SMS that looks like a courier delivery thing
 
How safe is Binance flexible savings? What is the risk you could lose your coins?
 
Snyper564 said:
always a risk its even in the T and Cs I do use this myself and to date I have had no issues
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Yeah I know there's always a risk, like if they go bust you lose it. But I want to know realistically. Like if the debt isn't paid back can they trace it to my coins and say sorry you lost or will it be taken from the pool?

So far I only used it for some crapcoins but now I have a substantial amount of USDT on there just waiting for the next market crash. The interest is also not too bad at almost 6% so above inflation.
 
Swa said:
Yeah I know there's always a risk, like if they go bust you lose it. But I want to know realistically. Like if the debt isn't paid back can they trace it to my coins and say sorry you lost or will it be taken from the pool?

So far I only used it for some crapcoins but now I have a substantial amount of USDT on there just waiting for the next market crash. The interest is also not too bad at almost 6% so above inflation.
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there is also nexo and celcius for these kind of rates
 
backstreetboy said:
Worked fine for me on https://www.moonpay.com using my Capitec CC.
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Some of them might use payment processors who jippo the system and is not labeled as gambling yet. This will eventually happen but also aside it is listed clearly in Capitec Use of Service that you agree to not make any crypto purchases with your card so I would suggest that you don't continue doing this cause at some point capitec might pick up on it and who knows what they will do.

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What is important to note is that purchasing any type of cryptocurrency from a non-South African entity using a debit or credit card, directly or indirectly with your Global One or any other card by means of a virtual account, is not permitted as such transactions do not form part of the permitted transactions stipulated in the Currency and Exchanges manual of the South African Reserve Bank (SARB). You should therefore refrain from doing these transactions with your Global One card.
 
John Tempus said:
Some of them might use payment processors who jippo the system and is not labeled as gambling yet. This will eventually happen but also aside it is listed clearly in Capitec Use of Service that you agree to not make any crypto purchases with your card so I would suggest that you don't continue doing this cause at some point capitec might pick up on it and who knows what they will do.

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What is important to note is that purchasing any type of cryptocurrency from a non-South African entity using a debit or credit card, directly or indirectly with your Global One or any other card by means of a virtual account, is not permitted as such transactions do not form part of the permitted transactions stipulated in the Currency and Exchanges manual of the South African Reserve Bank (SARB). You should therefore refrain from doing these transactions with your Global One card.
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That's been there for yonks. They never enforced it unless things changed now.
 
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