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Topics - TomPluz

Pages: [1] 2 3 ... 18
1
Cryptocurrency discussions / Would you buy TRUMP?
« on: May 19, 2024, 04:44:02 AM »

Well, this is just another memecoin centered on Donald J. Trump, the 45th president of the United States and is now the presumptive Republicans presidential nominee running against the current president Joseph Robinette Biden Jr (unless he is replaced by someone else due to his obvious dementia and lack of energy).

Just recently, TRUMP coin surges over 100% in a month which is really amazing and made many holders of the asset smiling to the bank. Right now, the price of TRUMP is $8.41 and with DJT leading many polls compared to Biden, there is a big chance this coin will continue on escalating in price and of course if Trump will win in November there can be a very dramatic rise of TRUMP in the market.

Now, am sure that TRUMP is attracting support mostly from the people who are conservative and many of them can be supporters of TRUMP but then again if you are looking with something that has the potential for more growth this can be a good option - though risks will always be there, of course.



2
News related to Crypto / 60 crypto firms pitch support for FIT21 bill in House
« on: May 18, 2024, 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.


3
News related to Crypto / Two arrested for laundering $73 million in 'pig butchering' scheme
« on: May 18, 2024, 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.

You can read more of this news here: https://www.theblock.co/post/295202/prosecutors-arrest-two-for-laundering-73-million-in-pig-butchering-scheme


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.



4
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

5
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

6
Cryptocurrency discussions / MOVED: Crypto scam cause to lost $71 million, an unbelievable trick surprise the world
« on: May 09, 2024, 01:55:46 PM »
This topic has been moved to Reputation, Scams & Phishing.

https://www.altcoinstalks.com/index.php?topic=321143.0

7
News related to Crypto / Geoff Kendrick: Second Trump Term Positive for Crypto
« on: May 09, 2024, 06:25:29 AM »
Quote from: https://news.bitcoin.com/standard-chartered-second-trump-term-would-be-broadly-positive-for-crypto/
Quote
Standard Chartered Bank’s head of FX Research and Digital Assets Research, Geoff Kendrick, believes that a victory by former U.S. President Donald Trump in November’s U.S. presidential election would be “bitcoin positive.”

We think that a second Trump administration would be broadly positive via a more supportive regulatory environment. Trump initially opposed crypto and bitcoin during his presidency. However, he has launched several non-fungible tokens (NFTs) since leaving office. Last month, he described bitcoin as “an additional form of currency,” noting that the crypto has taken on a life of its own. In addition, he has acknowledged bitcoin’s popularity.




In between the two famous old men - the other still energetic, kicking and fighting while the other one is walking like a robot and sometimes lost in speech and stage - it is actually Donald Trump who had not done a lot of damage to the cryptocurrency industry and seems to be friendlier. Now, in case there can be a miracle and if the current polls can be true, come January 2025 there can be the 2nd term for DJT and maybe the cryptocurrency industry can have a bigger and more active voice in the decision-making process of the White House.







8
Cryptocurrency Trading / MOVED: Could Dopamine be the Gateway to Secure and Versatile Crypto Management?
« on: May 09, 2024, 04:20:32 AM »
This topic has been moved to Advertise Your Stuff.

https://www.altcoinstalks.com/index.php?topic=319832.0

9
Cryptocurrency discussions / MOVED: SuperStore Crypto Platform For Sale
« on: May 09, 2024, 04:10:22 AM »
This topic has been moved to Advertise Your Stuff.

https://www.altcoinstalks.com/index.php?topic=321116.0

10
Bitcoin News & Updates / Trader Loses $68M of Wrapped Bitcoin in Address Poisoning Scam
« on: May 08, 2024, 06:44:32 AM »

This is an interesting story and it involved a staggering amount of $68M of Bitcoin from the victim and the culprit was using the so-called crypto address poisoning. So what is address poisoning?

According to Cryptonews:
Quote
Address poisoning, also known as address spoofing, exploits a trader’s haste and negligence during transactions. It involves tricking victims into sending their digital assets to fraudulent addresses belonging to scammers.

In most probability, the victim was not aware that his gadget can be compromised resulting into this unbelievably high-value  scam which raises the question that even people who are already experienced with cryptocurrency - its ins and outs - can still be victimized by a more creative evil one.

There is no question that scams, hacks and similar cancerous endeavors within the cryptocurrency industry are one of the many blackeyes and which can make some people stay away from participating in this emerging industry. According to CertiK, over $502 million worth of digital assets were stolen across 223 hacks and exploits during the first quarter of 2024. Now, that is staggering!

Do you think that we should now accept the occurrence of these scams and hacks as very normal in the cryptocurrency industry...and what are the things we can do to protect ourselves from them?








11
News related to Crypto / Gensler Calls Crypto Full of Outsized Piece of Scams, Frauds
« on: May 08, 2024, 06:27:19 AM »

From here: https://cryptonews.com/news/gary-gensler-attributes-secs-focus-on-crypto-to-financial-media-and-fraud-concerns

Quote

Gary Gensler, Chair of the US Securities and Exchange Commission (SEC), defended the agency’s attention to the crypto industry in an interview, asserting that it’s not an undue focus but rather a response to the prevalence of scams and frauds within the sector.

Gensler emphasized that while crypto represents a small portion of the financial markets, it disproportionally contributes to issues such as scams and frauds, attracting significant media attention.




While I fully agree with the honest assessment that the cryptocurrency industry has become a paradise for many scammers, hackers and similar evil players whose main intention is to fool people for their hard-earned money and to create havoc with many platforms to steal as many digital assets possible, there is also a big problem with SEC with the way it is working with players of the industry because it is looking at it as enemy instead of as partners so all can be working to weed out scammers and fraudsters from the industry. And SEC must be making things clear and not cloud many things so everyone can be guided accordingly and if possible work with the industry to come up with regulatory framework that all can submit to.

Are you on the side of SEC with Gary Gensler or you think there are many things that SEC seems to fail to fully understand in regards to the cryptocurrency industry?





12
Bitcoin News & Updates / Milestone: Bitcoin Network Surpasses One Billion Transactions
« on: May 07, 2024, 01:17:20 PM »
Quote
The Bitcoin network has hit a significant landmark, processing its one billionth transaction. This milestone comes 15 years and four months after the genesis block of Bitcoin was mined on January 3rd, 2009.

Bitcoin has processed transactions at an average rate of 178,475 per day, showcasing its capacity to handle substantial volumes securely without the need for centralized intermediaries. Despite initial skepticism regarding its utility, Bitcoin now processes daily transaction volumes comparable to those of major payment companies.

This achievement follows Bitcoin's recent record high of over $73,000 in March 2024. Increased network activity has been stimulated by the excitement surrounding the latest halving event. On April 23rd, Bitcoin set a single-day transaction record, exceeding 926,000 transactions. Although transaction volumes have since decreased, the network continues to process over 600,000 transactions daily as of May 2024.

In its 15-year history, Bitcoin has facilitated one billion transactions, demonstrating its resilience and capacity for large-scale operations. 

Red more of this development here: https://www.btctimes.com/news/bitcoin-network-surpasses-one-billion-transactions




What can you say with this another big milestone of Bitcoin? As for me, this speaks volume of Bitcoin as a payment network pushing aside the narrative that it is not viable compared to other centralized platforms. Young as it is, there will be more developments and innovations that can make Bitcoin more attractive as a platform as well as asset. Looking forward to see it process its 2 billionth transaction many years from now!






13
Bitcoin Forum / Bitcoin: The Most Beautiful Currency in the World
« on: May 05, 2024, 03:40:17 PM »


With all the many things we can say on Bitcoin and the revolutionary benefits it is offering to all people that can game-change many areas like finance, money, banking and so much more, we can describe it either as what others are saying it is or in a more personal level we can describe its attributes as it has become like a force in our lives.

In a recent interview with Tether’s CEO, Paolo Ardoino, in Dubai, he somehow encapsulate what Bitcoin is in a very artful manner beyond the many technicalities involved and just simply summarize Bitcoin in a way all of us can easily imagine: "Bitcoin is the “most beautiful currency in the world.”

Aside from the many things why Paolo Ardoino called Bitcoin as such, what do you think can be your own reasons why Bitcoin is something beautiful today and in many years to come?




14
Ethereum Forum / MOVED: Beware of airdrop-related phishing emails
« on: May 03, 2024, 12:21:14 PM »
This topic has been moved to Cryptocurrency discussions.

https://www.altcoinstalks.com/index.php?topic=320951.0

15
Cryptocurrency Price Speculations / Bitcoin post-halving price consolidation could last 2 months
« on: May 02, 2024, 03:06:11 PM »

With the "bearish" mood of the Bitcoin market right now just around two weeks after the halving, many are really wondering where is the direction the King of Cryptos can be taking us and whether we can soon see the impact and benefits of the halving come to the market so we can experience a new bull run either this year or 2025. Now, we know that halving will not immediately make Bitcoin a very attractive asset again...and surely this can be taking some months.

According to Bitfinex market report: "Bitcoin could experience up to two months of price consolidation following the halving.
Bitcoin could continue to be the price action benchmark for the crypto market in May and the leading indicator for the entire cryptocurrency market cap. In addition, the macroeconomic environment is more resilient than in previous years and the likelihood of rate cuts remains low in the short term."

In case this analysis can be true, then it would be good to just continually hodl and wait as this is not a question of IF but of WHEN. This can be the best time to exercise caution and not be swayed by temporary movements of the market and look for the long-term prospect of Bitcoin.




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