"The Central Bank of Russia revealed 782 cryptocurrency financial pyramids At the same time, in the first quarter, 403 organizations with signs of financial pyramids were identified, in the second - 551, in the third - 527. In the first nine months of 2022, the Central Bank identified more than 3.5 thousand companies with signs of illegal activity in Russia. Of these, about 1.5 thousand companies with signs of financial pyramids, more than 1,200 illegal creditors and over 900 illegal forex dealers. "The number of identified financial pyramids is much more than in the nine months of last year (424 financial pyramids)," RIA Novosti quotes the words of the press service of the Central Bank of the Russian Federation." https://tvzvezda.ru/news/20221018633-3ZiF5.htmlAre there a lot of scams in your countries too? The Central Bank identified more than 5.7 thousand financial pyramids and illegal brokers in 2023 "In 2023, the Bank of Russia identified more than 5.7 thousand pyramids and illegal financial service providers, which is 15.5% more than in 2022, according to the Central Bank’s materials. “In 2023, the regulator discovered 15.5% more financial pyramids and illegal brokers than a year earlier,” notes the Bank of Russia. According to the regulator, 46% more financial pyramids were identified compared to 2022, and illegal lenders - by 9%. At the same time, the number of illegal participants in the securities market decreased by almost 30%." |
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https://astar.network/blog/deloitte-tohmatsu-group-transforms-the-sports-industry-with-56669"Deloitte Tohmatsu has developed a baseball-themed NFT game app, a pioneering project on the Astar zkEVM. This game includes a digital baseball batting practice system where players earn NFT 'Emblems', adding a new growth element to the experience of young players improving their batting skills. Further, Deloitte Tohmatsu supports diverse blockchain-based service development, holding and providing essential blockchain programs as APIs. In June 2023, these capabilities were integrated into "LIFE LOG BOX," a creator support platform on Polygon."
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I would like to discuss one point.
Zhao is awaiting trial in the US at the end of February. Previously, you read the news that the US government banned Zhao from leaving the country until a court decision and did not even let him out to see a sick relative on a huge bail of 4.5 billion dollars.
Why?
If Zhao does not come to court, he will lose a lot of money and will be wanted.
Is Zhao's fate now being decided or has it already been decided?
Is this a form of pressure or will Zhao get a prison sentence?
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Gary Gensler may look like a clown sometimes, but he's no fool. Any collar should be put on gradually. At first the sum will be 50 million, and many people don’t care about it. Then the amount will decrease to 5 million, but it will be difficult to argue with this, because there will be large fines or prison sentences for violations. And in the United States, such crimes have no statute of limitations. And then this amount can be reduced to 100-500 thousand.
Yes, your point of view is reasonable, but here we have an important question: How will they be able to prosecute violators if they do not have the required information? I mean for a DEX that doesn't enforce KYC and protects user privacy how are they going to force them to provide information? Does this mean they will force every DEX to submit to KYC, AML and anti-terrorism standards? Then all this sensitive information will be in the possession of the American government!! Are there any liquidity providers that accept these new standards? I have already written about how this system works. If you have 1000 dollars in your account, then there is no point in following you and wasting resources. You will either lose tokens or your balance will increase to such an amount that they will monitor you and wait until you make a mistake and transfer the tokens to the custodial service. And many well-known large DEHs will work through white lists and KYC providers in a few years. |
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So here's my question bitcointalkers, how could crypto shape real world assets and AI positively? What potential excites you the most? Let me know your thoughts on these groundbreaking developments!
I think this is another advertisement for the sale of tokens. I wrote about similar projects 4 years ago https://realt.co/https://bitcointalk.org/index.php?topic=5185915.msg54164595#msg54164595These projects are developing very slowly due to restrictions in each country and lack of legislation, so now it is most like a centralized platform with white lists that works on the blockchain. I too have seen reports of Real World Assets growing by 2030, but these platforms will not be decentralized and are not like the NFT market or Uniswap. |
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I bought Solana for a little more than 20 dollars and already took a profit. This is another pump for hamsters to sell them expensive coins again. I do not exclude price increases in the range of 200-300 dollars, but I am not ready to take risks for a 200-300% profit. Solana's partners have already received pre-orders for a huge batch of new phones. Solana will live on, but there are many more interesting ecosystems to invest in right now.
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It has always been advised not to hold your assets in exchanges. it is a very risky venture to do so.
As for metamask, I have been using it for years and I have had no security isssues using them. I speak for myself though, someone might have a contrary opinion.
Any software cryptocurrency wallet will not protect you from viruses or exploits. I have been using Metamask for a long time, but only in conjunction with a hardware wallet. And for testing projects or for wallets with amounts up to $100, I do not use a hardware wallet. You can create many wallets in Metamask and it is very convenient. |
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Warren Buffett is still a Bitcoin sadist till today and he doesn't believe that Bitcoin have any monetary value at all but that one is left to him. There are many people that had been asking for the regulation of Bitcoin by the government because of so many big scams that had happened before now. If Bitcoin ever get regulated, it are not going to be the same again like we used to enjoy it.
I'm not a big fan of Warren Buffett, but I like his thoughts and sometimes agree with them. Warren Buffett said one brilliant phrase that "Bitcoin will someday cost $0". This should not be taken literally. He understands that the price of Bitcoin will be manipulated and says that the price of Bitcoin will first reach certain heights, and then will remain at the bottom for a very long time, because manipulators will no longer be interested in this asset. But he doesn't tell us when this will happen. |
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What is this bullshit? Registration under the rules of the Securities and Exchange Commission means submitting documents, identification papers, revealing identity and all other details, as well as providing proof of the source of funds, etc. This is completely inconsistent with the concept of DEX. Who will surrender their neck to the sword of the American government?
Now liquidity providers have two options: either operating underground illegally or fleeing to a place outside the authority of the US government.
Gary thinks he can turn DEX into central banks under government control, this guy is getting so funny I think he needs a psychiatrist!!!
Gary Gensler may look like a clown sometimes, but he's no fool. Any collar should be put on gradually. At first the sum will be 50 million, and many people don’t care about it. Then the amount will decrease to 5 million, but it will be difficult to argue with this, because there will be large fines or prison sentences for violations. And in the United States, such crimes have no statute of limitations. And then this amount can be reduced to 100-500 thousand. |
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Вы ждете нывых АТН в этой монете?
Мне не очень нравится экосистема, но я допускаю рост на 200-300%. Но анализировать монету слдожно из за большого количества махинаций вначале и непонятно у кого сейчас большинство токенов.
Я вообще крайне осторожно отношусь к такого рода активам, и набираю TON на копейки (сдачу). Имхо, здесь основной движ может быть из-за встройки в TG. Я попробовал и этим дерьмом пользоваться не буду. Боты надоели. Если мне нужен платеж, то я получу адрес в переписке и заплачу с нормального кошелька. Телеграмм знает телефон и это полная идентификация клиента. |
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https://www.sec.gov/news/press-release/2024-14" Feb. 6, 2024 — The Securities and Exchange Commission today adopted two rules that require market participants who engage in certain dealer roles, in particular those who take on significant liquidity-providing roles in the markets, to register with the SEC, become members of a self-regulatory organization (SRO), and comply with federal securities laws and regulatory obligations. .. Under the final rules, any person that engages in activities as described in the rules is a “dealer” or “government securities dealer” and, absent an exception or exemption, required to: register with the Commission under Section 15(a) or Section 15C, as applicable; become a member of an SRO; and comply with federal securities laws and regulatory obligations and applicable SRO and Treasury rules and requirements." ___ "Liquidity providers on DEXs with assets greater than $50,000,000 are required to register with the SEC rules ."
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https://cointelegraph.com/news/ai-generated-fake-ids-pass-crypto-exchange-kyc-onlyfakeAI-generated fake IDs claimed to pass crypto exchange KYC are selling for $15 "A new service claiming to use artificial intelligence (AI) “neural networks” and “generators” to create fake driver licenses and passports has reportedly succeeded in passing Know Your Customer (KYC) checks on multiple crypto exchanges. The cost? Only $15 a pop. The site, OnlyFake, generates realistic fake driver’s licenses and passports from 26 countries, including the United States, Canada, Britain, Australia and multiple European Union countries, and takes payment in multiple cryptocurrencies through Coinbase’s commercial payments service. 404 Media reported on Feb. 5 that it successfully bypassed the KYC verification of crypto exchange OKX using a photo of a British passport the outlet generated with the site, where the ID appeared to be laid on a bedsheet as if a picture of it was taken."
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https://news.bitcoin.com/spanish-treasury-cryptocurrency-seizures/" Spanish Treasury Proposes Tax Reform to Allow Cryptocurrency Seizures The Spanish Treasury is proposing a tax reform to allow the seizure of cryptocurrency assets when liquidating tax debts. According to local sources, the proposal would also allow the state administration to embargo these digital assets as it is giving the first steps by declaring electronic money entities as tax collection agents."
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https://www.chainalysis.com/blog/crypto-crime-2024-pump-and-dump/"54% of ERC-20 Tokens Listed on DEXes in 2023 Display Patterns That May Be Suggestive of Pump and Dump Schemes, but Represent just 1.3% of DEX Trading Volume For most of the research that we publish in our annual Crypto Crime Report, the data tells a clear story. For instance, funds sent to ransomware operators, darknet markets, or sanctioned entities can be measured and trends can be analyzed with Chainalysis labeling and data. But blockchain data can also be used to detect suspicious trading patterns. In these cases, the evidence on the blockchain is less definitive. Instead, on-chain data can provide a starting point for deeper investigations, usually combined with other, off-chain information. For this reason, we do not include possible market manipulation proceeds or estimates of victim losses in our count of total illicit transaction volume — there isn’t enough information to determine whether the activity is criminal or not without additional context. "
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https://www.theblock.co/post/275718/hong-kong-finance-firm-vsfg-targets-to-apply-for-spot-ethereum-etf-in-q2"VSFG said it aims to submit an application for a spot Ethereum ETF in Hong Kong in the second quarter if it successfully launches spot bitcoin ETF in the first quarter. Venture Smart Financial Holdings Ltd. (VSFG), a Hong Kong-based financial services firm, is preparing to apply for a spot Ethereum exchange-traded fund (ETF) in anticipation of potentially launching its spot bitcoin ETF in the first quarter. In a Friday interview with The Block, VSFG Chairman Lawrence Chu said that the firm is in the final phase of officially submitting its application for a spot bitcoin ETF to the Hong Kong Securities and Futures Commission."
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https://www.msn.com/en-us/money/companies/three-people-indicted-in-400-million-ftx-crypto-hack-conspiracy/ar-BB1hG63t"Three people were indicted for an identity theft conspiracy that allegedly included the $400 million hack in late 2022 of doomed cryptocurrency exchange FTX, court records show. Robert Powell, the alleged ringleader of the SIM-card swapping group, is due to appear in federal court in Chicago. Also charged in the case are Carter Rohn, an Indianapolis resident, and Colorado resident Emily Hernandez, according to the indictment, which was issued in mid-January by a grand jury in federal court in Washington, D.C."
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This is a service for Russians who do not know India and local crypto exchanges. I am sure that these services use the right exchanges in India and make good money on the difference between the prices on the exchanges and their prices. But they help transfer money from Russia and other countries to India without registration and other problems.
They are making a good amount as the exchange rate for USD on Indian exchanges is very good. I am quoting an example here the rate generally varies from INR 89 to INR 90 to 1 USD. However, when I checked the link they were offering INR 73 for 1 USD. So, the difference is INR 16 to INR 17 which is quite good money if the volumes are high. Since they are based in some major metropolitan cities in India and are still working, I assume they are getting good profits. 18% is a good profit, but you must take into account that this activity is not entirely legal and they also have risks. And the safest option is not to conduct activities publicly. If we take the Russian experience and do not use couriers or caches, then in Russia there are many telegram bots that allow you to make P2P exchanges. I have said many times that such services are also used by scammers and the user has a chance to get the card blocked and an invitation to the police.
If P2P transfers work, then this alleviates the problem with the exchange.
Yes, it is true, so here we use Telegram for exchange, but we do not use Telegram bots because they are not reliable. There is a Telegram account for more than one broker that is reliable by experience. The exchange takes place manually, as the seller sends the amount to be transferred to the broker’s wallet. Then the broker contacts the buyer and asks him to send a “money or bank transfer” to the seller’s address equivalent to the value of the amount in local currency. When the seller receives the money transfer, he informs the broker who transfers the amount to the Buyer’s wallet (with a 1-2% commission discount from the seller and buyer). Therefore, everything is done manually and depends primarily on trust in the broker. I agree with you that trust is the main basis in this business. But Telegram saves logs and I have heard of cases where Telegram employees passed on important information to others. And there is always a risk that data on all transactions will be declassified. |
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Craig Steven Wright is a clown and fraudster who has been trying to obtain copyright for Bitcoin for many years. It is understandable because it is a lot of money. https://bitcoinmagazine.com/legal/the-trial-that-could-end-craig-wrights-satoshi-claim-for-good-started-today"The trial is of particular significance because it stands to affect a number of other upcoming court cases, perhaps most importantly including a lawsuit filed by Wright against several Bitcoin Core contributors. If COPA is able to prove that Wright is not Satoshi Nakamoto, he is unlikely to stand a chance in these cases. But if the High Court judge rules that Wright is in fact Bitcoin’s creator, it could eventually result in the Australian computer scientist gaining copyright over the Bitcoin white paper and source code, which could severely stifle the Bitcoin development process. Already, Wright’s actions appear to have had somewhat of a chilling effect on the open source development community." |
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Europe is catching up with America in terms of confiscated Bitcoins.
That's fine! I am sure that as a common bitcoin user, you would not want such criminals to be a part of the network. So with every criminal scot Bitcoin network is getting cleaned a bit. Definitely it is a good job done by the German police by catching the criminals and by confesticating the Bitcoins. Doesn't matter how decentralize the network is, criminals are not welcome. So let Europe catch up with America in this matter because it is for the greater good of the Bitcoin network. One of the biggest misconceptions about Bitcoin is that it is mainly used to cover up criminal funding and other illegal activities. But they fail to understand that fiat is a far better means to give or receive payments from criminal activities. The majority of the kidnappers that are ravaging my country only ask for fiat ransom. None of them have ever asked for cryptocurrencies because they could cover up their tracks easily with fiat. So I agree that these seizures by the government are making the Bitcoin system clean and showing critics that the currency is not a hiding place for criminal elements. I don’t know the statute of limitations for such crimes in Europe, but this crime happened more than 11 years ago, and Bitcoin was not so popular then and was very inexpensive. But unfortunately, the article does not contain information about how the criminals and their assets were found. Perhaps it was a deal. |
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