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Recent Posts

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1
I have a brother, he messaged me on Whatsapp recently but from how he  was chatting, I knew he was not him. His account was compromised, not him but a scammer. The scammer is using it to contact people he (my brother) saved their contact. He asked me for money and he gave me a bank that you will think you will be able to trace. But if you trace it, it will be linked to an innocent person. I did not even know the bank or what it is. But I know there are many fake KYCs this days on the online banks that you can open directly on your device without going anywhere.

Their fiat system or monetary system is a failure against scam, money laundering, terrorism, banditry and other criminals activities.

The matter of fact is that these are exactly the kinds of fraud that need to be cracked down on, but since it is "expensive" to go and track every single person doing these things who are in different countries, as well as "inconvenient" for the platform owners who will lose money as a result of lack of revenue made by having these scammers as users, nothing is done about it. Private company interests (which are just money, money, and more money) always get in the way, and the governments go after small fish who can't defend themselves.
2
Basic Questions about Cryptos / Re: Invest or bounty?
« Last post by DabsPoorVersion on Today at 10:37:09 AM »
[...]

Exactly what I was tryna say.
Airdrop hunting isn't the same as it used to be when it was first introduced in the crypto space.
Right now airdropping can be pretty challenging as well as competitive because of the number of people participating in that airdrop. Again, another and the most difficult challenge faced now in airdrop Hunting is finding a valuable airdrop because there are lots of illegitimate and scam projects that also conduct airdrop campaigns, so it's pretty much difficult to find a valuable one
It is very difficult to find a valuable airdrop, because we have to join the group and do all the tasks of the airdrop. Actually, if you have free time, you can do it and participate in the airdrop, but if you don't have time, it's best to become a holder,
Well, of course joining a group or being part of a community for example in Discord, Twitter, or any social media account that you can use to get information, you should utilize it. That's part of gathering information to know upcoming confirmed/possible airdrops that will come sooner or later. Airdrop information's made to be found and not too easily distributed somewhere.
3
So apparently Block, the payments company launched by Jack Dorsey among others and owns Cash App, is in big trouble with regulators because they did not follow compliance practices which ultimately resulted in funds from Cash App and its payment processor ending up into criminal hands.

The word on the street:

Quote from: https://cointelegraph.com/news/us-probes-block-inc-over-financial-transactions-report
United States federal prosecutors are reportedly probing Jack Dorsey’s fintech company Block, Inc. after a whistleblower surfaced documents alleging ongoing and widespread compliance violations at the firm’s payment arms Square and Cash App.

A former Block employee provided prosecutors from the Southern District of New York with documents allegedly showing that Square and Cash App processed thousands of transactions for users in countries subject to economic sanctions as well as crypto transactions for terrorist groups, NBC News reported on May 1

Roughly 100 pages of the documents were provided to NBC News, which reported many transactions were in small dollar amounts involving entities in countries subject to United States economic sanctions, including Iran, Russia, Cuba, and Venezuela.

The whistleblower said that most of the transactions discussed with prosecutors — which involved credit card, fiat, and Bitcoin
 transactions — were not reported to the government.

Block did not correct its processes when it was alerted to the alleged breaches of compliance, the former employee alleged.

“From the ground up, everything in the compliance section was flawed,” they said.

“It is led by people who should not be in charge of a regulated compliance program.”
A second anonymous source with “direct knowledge” of Block’s internal systems also confirmed the whistleblowers’ allegations to NBC News.

Edward Siedle — a former Securities and Exchange Commission lawyer who represents the whistleblower — said it was his understanding from the documents that compliance breaches were “known to Block leadership and the board in recent years.”

So as you can see, apparently Block was doing some shady stuff and some employee became tired enough of it to become a whistleblower for the government.

It is unlikely that Block is not going to face any punishments despite their spokesperson rambling about how they are regulatorily compliant.
4
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Tulad nga nang sinabi ko pag nagbreakout babagsak ito below 60k sa ngayon nasa 57k ito at baka bumagsak pa ito around 52k nag breakout nasya sa support zone validated na sa 100 EMA at miner support zone nasa gitna na sya papuntang major support validated ko na rin sya as 200 EMA indicator chaka teknote sa macd pag nag breakout possible na nasa bearish season na tayo at ang possible na recovery ng bitcoin nasa quarter 3 or 4 at next year ang sure na makikita natin ang pag balik ng presyo ng Bitcoin prediction ko lang yan at base na rin sa galaw ng presyo ng Bitcoin at mga indicator.
Ganda ng  prediction mo dito kabayan , sayang di ko agad nabasa para naghintay pa sana ako ng konti bago bumili ulit kasi kagabi sa pagbagsak sa 56k level eh sinamantala kona ibili yong natitira kong funds and now medyo wala na akong maidagdag pa kundi maghintay nalang ng bull.
though indeed na DCA ang pinaka magandang paraan yet hindi pa din ako ganon kahusay so aral aral pa hehe.
5
It is very difficult for an addicted gambler to recover from his gambling addiction by himself. He will need advice from a professional psychologist/doctor to guide him properly. In this way he can reverse his gambling addiction. His will and determination are also needed.
6
Добрый день! Топик про подписные же? Просветите как участвовать в подписных, актуально это вообще на сегодняшний день и вообще есть ли какой то способ подписных с условиями или сейчас все глухо? Спасибо.
7
Bitcoin Forum / Re: SHOULD I CARE ABOUT BITCOIN HALVING
« Last post by dwyane36 on Today at 10:27:40 AM »
The last bitcoins will be mined in just 16 years in 2040, you probably miscalculated it’s just summer because this is the first time I’ve heard about this, I knew that Bitcoin would be mined for about 30 years, we’re just years and this is the first time I’ve heard

I don't know where you got the idea that the last Bitcoins will be mined in 2040, but that is definitely not true. Bitcoin will only have 32 halvings in its history, and we are only at the beginning of this journey, as only 4 of these 32 halvings have been completed. By the way, there will only be the 8th halving completed in 2040, and the reward per block will be 0.1953125 BTC. By then, there will still be 41k Bitcoins that miners will have to mine just for the next 100 years.
Here's a table to illustrate:
8
Due to LUNA lots of people have lost their huge sum and till now it never recovered back so there are also scam projects that exist in the form of top coins with the highest value.

beside the top coins like Ethereum, Bitcoin, BNB and Solana there will always be a doubt about the success of coins no matter how high its worth is. Just stay away from scam projects and if you know that the project is new and there will be a chance to lose cash then just use a little amount.
The best is still Bitcoin and no other coin can match bitcoin.
When LUNA became a disaster for everyone, but there were those who benefited a lot from the decline of LUNA.
Those who bought at the price crash and then a few hours luna recovered with a lot of profit, but despite recovering LUNA never reached the initial price again.

Crypto is disastrous for those who don't understand how crypto works.
Using small or big money will be the same if they don't know what to do.
9
Bitcoin Forum / Roger Ver has been arrested
« Last post by NotATether on Today at 10:20:07 AM »
Following the pattern of very rich bitcoiners who fail to pay their taxes and somehow get arrested in Span, Roger Ver has just been detailed for exactly that, according to reports.

First of all we have the report from Ver's own newspaper, bitcoin.com (LOL!):

Quote from: https://news.bitcoin.com/bitcoin-com-addresses-charges-against-early-investor-and-founder-roger-ver/
On April 30, 2024, the U.S. Department of Justice (DOJ) detained Roger Ver, a trailblazing investor in bitcoin, on accusations of tax evasion and submitting fraudulent tax returns. The following update is accompanied by a statement from Bitcoin.com regarding the allegations against the company’s founder.

Bitcoin Investor Roger Ver Charged With Tax Evasion
According to the DOJ press release, by 2014, Roger Ver and his companies, Memorydealers and Agilestar, reportedly controlled over 131,000 bitcoins, each valued at about $871. Memorydealers and Agilestar allegedly maintained control of approximately 73,000 of those bitcoins. However, he is accused of supplying misleading information to legal and valuation experts to minimize these assets’ declared value.

This alleged misstatement, according to the U.S. government, resulted in underreported company tax returns and the evasion of the mandatory “exit tax” on capital gains from his worldwide assets. Ver was apprehended in Spain, and the DOJ declared that the government intends to extradite him to face trial in the United States.


And then the newspaper predictably defended him:

Quote
Statement From Bitcoin.com
“In light of the recent news, we want to underscore that these legal matters pertain solely to Roger and have no bearing on Bitcoin.com. While we cannot comment on the specifics of the allegations, we stand by Roger and his contributions to the cryptocurrency space,” a Bitcoin.com spokesperson told our newsdesk.

“Importantly, these legal proceedings do not affect our operations or the services we provide. Bitcoin.com remains steadfast in our mission of making money accessible to everyone, everywhere, without limits. Our commitment to this mission remains unwavering. This litigation does not affect our operations or the services we provide. Our non-custodial wallet ensures that users always maintain control of their funds,” the spokesperson added.

What is this statement supposed to be, the editor talking to himself? I find it quite funny that Bitcoin.com needs to talk to its spokesperson in order to write about this.
10
Cryptocurrency Trading / Re: Do professional traders lose money?
« Last post by de_prof on Today at 10:18:40 AM »
Yes, professional traders don't have any supernatural powers so they can't guarantee that they won't lose trading. skill is required to be good at trading and professional traders have that skill to make good profit from trading but they cannot guarantee profit for every single trade they make. they also take a lot of losses but they can recover them over a long period of time by adopting various strategies. for this they can claim themselves as professionals.
Professional traders also experience losses and experience many bitter experiences that make them become professional traders. It all takes time. and as you said, a professional trader does not guarantee that they can always make a profit without ever making a loss, but they can increase their profits compared to their losses.
This is absolutely true, because in crypto trading it is sometimes difficult to predict and analyze.  So even though they are professionals, they will definitely experience losses and this can never be avoided.
A professional trader is good at managing their money, if they lose they will chase profits that are bigger than their losses. So the advantage of a professional trader is his ability to analyze, predict, manage funds and also his emotions. This is very difficult and takes a long time.
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