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Messages - TomPluz

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Bitcoin News & Updates / Re: Over 50,000 Traders Liquidated as Bitcoin Price Surges Past $66,000 Amid Bullish

« on: Today at 10:24:57 AM »

Well, these traders betted on the wrong side of Bitcoin and so they were liquidated but no worries I am sure they can still make a good comeback and bet again and who knows BTC can be friendlier to them next time around. Bitcoin surged to $66K the past days and is right now standing at $67K which is actually a little bit surprising to many, even me including. Now, we are seeing one of the most important attribute of Bitcoin and it of course its famous volatile nature...it can go down and it can go up without a notice anytime. And this all makes trading in Bitcoin really so exciting.

News related to Crypto / 60 crypto firms pitch support for FIT21 bill in House

« on: Today at 10:19:13 AM »

Quote

Sixty crypto organizations are backing a market structure bill that is teed up for a vote next week.

The signers urged House lawmakers to pass the bill in a letter led by the Crypto Council for Innovation and sent to House Speaker Mike Johnson and House Minority Leader Hakeem Jeffries on Thursday. FIT21 would raise "new compliance challenges" for crypto firms, but clear rules are needed, the groups said.

"Currently, digital assets firms are instructed to somehow comply with U.S. securities laws that were designed nearly 100 years ago without consideration of the technological advances of today, including the ability for transactions to move at the speed of the internet," they said in the letter.

Get more details on this important news here: https://www.theblock.co/post/295148/60-crypto-firms-pitch-support-for-large-market-structure-bill-ahead-of-next-weeks-vote

The cryptocurrency industry in United States needs more clarity and leadership coming from the regulatory bodies of the government and so I am a little bit excited with the the Republican-led Financial Innovation and Technology for the 21st Century Act, also known as FIT21. I am hoping that this bill can be creating the more light on the compliance all players of the industry must be following. And since this is coming from the Republicans, I am more confident that is is more crypto friendly and not designed to choke the industry to death. I am just concerned on what can happen once this can be seeing the face of Elizabeth Warren in the Senate...hope this will not be watered down and transformed into a monster instead.

Cryptocurrency discussions / Re: Can a referral program enlighten newbies

« on: Today at 10:11:10 AM »

I am hoping you provided some more details on referral program you are referring to. Is this a referral program that you want Notcoin will be implementing? In that case, maybe it is already too late since it already launched and it already distributed the tokens to the participants. Correct me if I am wrong but I think there was a referral program that Notcoin implemented during its run and that is why it became so famous and many participated with it coming from all over the world. Now, are you thinking of as referral program of another thing?

News related to Crypto / Two arrested for laundering $73 million in 'pig butchering' scheme

« on: Today at 09:44:58 AM »

Quote

Daren Li, 41, was arrested on April 12 at Atlanta’s airport, and Yicheng Zhang, 38, was arrested on Thursday in Los Angeles for their alleged involvement, the Justice Department said in a statement on Friday.

“The fraud scheme involved more than $73 million laundered through U.S. financial institutions to bank accounts in The Bahamas, and converted to the virtual asset USDT, or Tether,” the DOJ said.

Li, Zhang and others allegedly controlled an "international syndicate" that laundered funds made through "pig butchering" crypto investment scams, according to the statement. Pig butchering scams involve scammers gaining victims' trust, convincing them to give them large amounts of money and then running off with it. Lawmakers and regulators have raised concerns over those types of scams over the past few months.

This is my first time to encounter the "pig butchering" term for a scam involving fooling people to just send someone money and then run away with it. Well, the strategy is not something new but maybe the use of USDT in laundering the money can be a new twist. Now, these two sweet talking guys are now facing the full force brunt of the law for the things they did and I am wishing that all their victims will get the justice they all deserve. Let's see how many years these two crooked, evil personalities will be minting soon. Scammers are right now still having a feast and thanking heaven for the use of cryptocurrency but the law is watching them so they should be warned.

News related to Crypto / Re: US Bitcoin ETFs See $166.5M Inflows in Early Week Trading Sessions

« on: May 17, 2024, 03:40:40 PM »

Seems to me that Bitcoin ETF investors are really watching the trend and know when to enter the market and then exit for some possible profits. For no other reason than making the best profit, ETF investors are the savvy crowd and many of them are also managed by investment firms so they got professional services working in their behalf. And I guess this is telling us that Bitcoin will be showing a good sign of strength in next week of trading. Now, I am getting interested to get into ETF as well...can someone tell me what can be the minimum requirement enter this goldmine?

News related to Crypto / MOVED: The most promising AI coins of 2024

« on: May 17, 2024, 03:33:24 PM »

This topic has been moved to Cryptocurrency discussions.

https://www.altcoinstalks.com/index.php?topic=321362.0

News related to Crypto / Re: Gamestop, AMC Shares Plunge as 'Roaring Kitty' Keeps Posting Video Clips, Memes

« on: May 16, 2024, 03:05:22 PM »

The surge of GME and AMC (as well as some copy-cat memecoins) for no reason at all aside from the resurrection of Roaring Kitty is telling us something: when something rise for no big and solid reason at all, it can plunge anytime for no reason at all. At any rate, I am sure this short run is a big blessing for those who immediately take advantage of the opportunity to sell at a hefty price and then maybe buy again the same asset later for a good profitable difference. Now, let's see if there can be developments and updates from this Roaring Kitty guy that can influence the market so we can really say that he has a solid god-like cult following.

Bitcoin News & Updates / Re: Oklahoma Passes Landmark Bill Protecting Bitcoin Rights

« on: May 16, 2024, 01:32:33 PM »

Quote from: ABCbits on May 16, 2024, 01:06:11 PM

I do not read the bill itself, but overall it seems to be good news for Bitcoiner who live on Oklahoma. The news doesn't state about privacy though. Your opinion is greatly appreciated.

So far, I considered this one of the best news of the year for Bitcoin and it is coming from the state-level government, of all sources. And this is actually my first time to hear of 'Bitcoin Rights' and I am sure that this will not be the last as there are now organizations working to spread this movement to other locations as well.

According to @oklahomabtc: "The law makes Oklahoma the FIRST State to codify the rights of its citizens to run a node, to mine, and to self-custody their Bitcoin."

Essentially, this is a big win for Bitcoin and its proponents, supporters and enthusiasts. Instead of seeing Oklahoma joining Senator Elizabeth Warren on her hate on Bitcoin and cryptocurrency, this state is turning into the right direction giving away its citizens their rights to it.

News related to Crypto / Re: Historian Yuval Noah Harari Expresses Skepticism About Bitcoin, Calls It 'A Curr

« on: May 16, 2024, 01:13:44 PM »

I am sorry to say that this so-called historian does not fully understand Bitcoin and m sure he has not studied well the history of Bitcoin and to come up with that conclusion is beyond my understanding. yes, Bitcoin is built on distrust: distrust on the government, the usual financial institutions who are all agents not of change in many cases but of adding more burden to the people. In fact, I would say that Bitcoin came around because of the greed and abuses exhibited by the elites and so one way to grapple control from them is Bitcoin. I am sure that this supposedly expert is on the side of the government as he said this: "...it is actually a good idea to give banks and governments the ability to create more and more money in order to build more trust within society." That summarizes it all and I am proclaiming that all of what he said are all garbage. He is just another anti-Bitcoin whose voice we don't need.

News related to Crypto / Re: Roaring Kitty Return Continues to Fuel Meme Stock and Crypto Frenzy: GME, AMC

« on: May 16, 2024, 12:49:50 PM »

So this is the big and exciting news that dominated the world of stocks and cryptocurrency for the past many days and people are really amazed to see how this simple and formerly unknown man has transformed himself into a cult god that his mere post can command the market to move upwards. I would say that Keith Gill aka "Roaring Kitty" can be the new Elon Musk whose influence moved Dogecoin into new territories many times. How lucky are holders of GME and AMC as well as some specific memecoins upon learning that their investments practically doubled overnight. Now, with this development, it would be interesting to watch what are the next moves by this man that can put the market on fire in a matter of seconds.

Cryptocurrency discussions / MOVED: SVRC: A Promising Investment Opportunity.| Guaranteed 2000X Investment! |

« on: May 16, 2024, 12:43:19 PM »

This topic has been moved to Tokens/Coins Offerings (ICO, IEO, etc.).

https://www.altcoinstalks.com/index.php?topic=321331.0

News related to Crypto / Re: From Historic Banking Family to BTC — Rothschild-Linked Firm Invests in Bitcoin

« on: May 16, 2024, 12:35:42 PM »

Well, this is quite expected as there is no qualification criteria to invest in Bitcoin ETF...no matter if an organization is linked to the elite club that has had been dictating the world of finance and money for decades. In fact, we don't even know if this outfit has BTC indirectly being held or if it is planning to enter the Bitcoin club in the coming days. This is an investment firm so I am sure it is always looking for ways to make more money and with the kind of a very attractive ROI that BTC can offer, it find it hard to resist not to join the game. Now, I am also sure that other firms with the same history, resources and inclination are now looking on how they can take advantage of the cryptocurrency craze and make millions in the process but for now they can just be shy about it until we learn something on their required annual financial report.

Banks & Cryptos / Re: Report Reveals Hundreds of US Banks at Risk of Failure Amid High Interest Rate E

« on: May 15, 2024, 10:08:42 AM »

Quote from: joniboini on May 05, 2024, 05:58:58 PM

Will they bail out some big players in the future, or will they let them die because of the free market principle (CMIIW)?

You can expect the federal government of USA to bail big banks in case there will be no ready buyers for them. Now, what happened is that many depositors are transferring their business to big banks as they feel uneasy with smaller banks in case the government will not do anything on their behalf in order to survive well. Last year was a nightmare for the Biden administration as it feared a repeat of 2008 that resulted into big financial bloodbath that spread into other countries as well. However, the same problems and weaknesses are still prevalent in the banking sector and one day the dam will be broken and an avalanche that can't be stopped will materialize unless something concrete are programmed to cure the wound. And this can happen if the American people will give Biden another chance come November.

Cryptocurrency discussions / Re: are you joining GME?

« on: May 15, 2024, 09:45:53 AM »

Many people are surprised to see some exciting news on GME as it roared back into action in 2024 after it made historic and shocking precedents in 2021 which is essentially a big revolt against the Wall Street hegemony. This time around the soar happened after Keith Gill, known by his online persona of "Roaring Kitty" posted to social media for the first time in nearly three years after what he did for GME years back. GME skyrocketed to 90% and made some good money along the way. This is actually a very interesting story but since I know the risk of riding a trend like this I am shying away from GME and I would not also be buying memecoins on GME as we know this is just a flash one. I think Roaring Kitty has successfully established for himself a cult following and this is one way for them to let the world know they existed and that they are still powerful like a broom that can wipe out dirt.

News related to Crypto / Re: Analysts: Gold Rush In China Is Propping Prices Up

« on: May 15, 2024, 09:29:41 AM »

As more and more people can feel the many choking points of the global economy - and as felt in China's economy - investors small and big would be looking for the best, solid and viable alternatives and since Chinese may have a hard time getting into Bitcoin they are now turning to gold. As pointed and suggested by Robert Kiyosaki, we need to be serious with gold, silver and Bitcoin in no particular order of preference. One article I read suggested that gold will one day be reaching $10,000 per ounce and surely the future of gold is looking good as "...the loss of confidence in traditional investment options in China, and the geopolitical factors and U.S. sanctions have contributed to this end." So what should we do? Buy gold and silver together with Bitcoin, of course. Now, where is my money?