This is an amusing comment: "This definition is so broad that if you plugged your cold wallet to a PC via a USB cable that hooks into a frying pan, the frying pan would constitute a financial institution."  I would say that indeed the kind of definition that DOJ is using for money transmission belongs to the age of dinosaur and is not quite fit with the current situation most especially in the era of cryptocurrency and the blockchain. Now, in case DOJ will be successful in pushing for its definition, this can have a large impact on the whole cryptocurrency business and can put many platforms and personalities in jeopardy. One of the many grounds why some people are feeling that the government is really doing an overreach and using lawfare but basically they are ignorant of how things are working with the industry we are in.

I think CZ is right with his perspective that the cryptocurrency industry is now entering a new phase where compliance and the role of the government are taking the centerstage. In other words, there is now nothing we can do that the government will not be involved somehow, someway. and this should be the time for the industry to think hard as the government will not go away no matter what we do...they are here to stay so there is no choice but to comply and even partner with the government so that platforms can continue doing business and never be prosecuted and like CZ meted a prison time sentence.  Anyway, I am still happy that CZ got only 4 months which is significantly lower than what the government prosecutors were asking the court. Four months can easily fly and soon he will be out with all the lessons learned...and enjoy a comfortable life somewhere with his loved ones as he is surely a very rich man.

Week 3 (28 Apr - 04 May)

TWITTER
Twitter Profile: https://twitter.com/born2cryloud
Spreadsheet: 38
Retweets:
1. https://twitter.com/born2cryloud/status/1784419632520319383
2. https://twitter.com/born2cryloud/status/1784826600141602921
3. https://twitter.com/born2cryloud/status/1785137041711522021
4. https://twitter.com/born2cryloud/status/1785507217321627654
5. https://twitter.com/born2cryloud/status/1785863552617861541
Tweets:
1. https://twitter.com/born2cryloud/status/1786225381609234940
2. https://twitter.com/born2cryloud/status/1786697812304154956


INSTAGRAM
Instagram Profile: https://www.instagram.com/cryptoman111
Spreadsheet: 17
Shares:
1. https://www.instagram.com/p/C6SiiE_yhMr/
2. https://www.instagram.com/p/C6VbVonyGTn/
3. https://www.instagram.com/p/C6Xon1rSPvj/
4. https://www.instagram.com/p/C6aRD7jSvj6/
5. https://www.instagram.com/p/C6czFoASLO7/
Posts:
1. https://www.instagram.com/p/C6fXxGGy6c5/
2. https://www.instagram.com/p/C6iuR_ZyOrU/
Comments: as @cryptoman11
1. https://www.instagram.com/p/C6Tjeglv_vN/c/17883460260043664/
2. https://www.instagram.com/p/C6WOgrai2cy/c/18094017145419704/ 
3. https://www.instagram.com/p/C6YspZPP2gZ/c/18025135337117229/
4. https://www.instagram.com/p/C6bml_XvztX/c/18022630784125913/ 
5. https://www.instagram.com/p/C6Q9M86RwmC/c/17842936980219381/


TELEGRAM 
Telegram Profile: t.me/Boygirlbaklatomboy
Spreadsheet: 14
Own Chat Group: 
1. https://t.me/GasWizardofficial/1494
2. https://t.me/GasWizardofficial/1536
3. https://t.me/GasWizardofficial/1560
4. https://t.me/GasWizardofficial/2324
5. https://t.me/GasWizardofficial/3351
Exchanges Chat:
1. https://t.me/coinstore_english/886107
2. https://t.me/BitgetENOfficial/1046765
3. https://t.me/coinsbit_chat/1922231
4. https://t.me/MEXCEnglish/6086149
5. https://t.me/p2pb2b_io/633390

Gone is the talk of separating money and state, of a market-based means of exchange, of genuine revolution that would extend from money to the whole of politics the world over. And gone is the talk of changing the operation of money as a means of changing the prospects for freedom itself. The enthusiasts around Bitcoin have different goals in mind.

As a humble and simple observer of Bitcoin and one who has still many things to learn and understand on this matter, I think there is a big merit to this analysis, much more in 2024 compared to many years preceding. Right now, Bitcoin is officially recognized by the traditional financial sector as an asset - just like gold, stooks or forex - that can be bought, traded and made a good profits from. Many people are associating the value of Bitcoin with its ups and downs on the price and not so much of the things that can benefit the people and the society. I would fairly say that greed is now the moving factor with most of the people involved with Bitcoin and I would also say that it would be this can be true for years to come.

Fidelity's FBTC, not GBTC, led outflows on Wednesday in what may be an alarming development for the bulls. BlackRock's IBIT had its first-ever day of outflows, with $36.9 million exiting the fund. Fidelity's FBTC led outflows, shedding $191 million, followed by GBTC, ARKB and IBIT.
Fed Chair Powell ruled out a rate hike as the next move, catalyzing a brief bounce in BTC.

Investors dumped U.S.-based spot bitcoin (BTC) exchange-traded funds (ETFs) at the fastest pace ever on Wednesday, even as Federal Reserve (Fed) chairman Jerome Powell dismissed the prospect of a rate hike.
The 11 ETFs saw a cumulative net outflow of $563.7 million, the largest since the funds began trading on January 11, extending a five-day losing streak, according to data source Farside Investors and CoinGlass. Investors have pulled out nearly $1.2 billion from the ETFs since April 24. Also notable Wednesday were the first-ever outflows from BlackRock's iShares Bitcoin Trust (IBIT), which saw $36.9 million exiting the fund.

This is taken from here: https://www.coindesk.com/markets/2024/05/02/us-bitcoin-etfs-bleed-record-563m-even-as-feds-powell-rules-out-rate-hike/

I am hoping OP will put an attribute of the material so no one will be accused of plagiarism which is important issue on this forum.

This topic has been moved to Cryptocurrency discussions.

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

Not only on Twitter, wherever airdrops originate it needs to be vigilant and don't carelessly connect wallets. Make sure everything is safe and see how others recommend before working on it.

Safety is always of paramount concern in whatever we do while in the world and market of cryptocurrency most especially if it involves connecting to our wallets. Sad to see many scammers are using airdrop technique to lure people to share their wallets opening the possibility of draining the insides of our wallets if we allow them. This actually happened to me once and the feeling is not really so nice, to say the least. In Twitter, I always encounter so many airdrop promotions and we can never be sure which can be legit and which are just fishing expedition to get into us...there are even those who DM me telling me that I won $5000 but I need to pay a processing or transfer fee of at least $40...of course this is surely just another scam and I am already old enough to know how to detect them. The cryptocurrency currency industry has been infested with scams and frauds in different forms and types and in fact many people are turned off getting into the market all because of these black eyes and it is unfortunate there is nothing concrete we can do to stop these perpetrators except avoiding not to be their next victim and warning others about them.

Any company based and doing business in the United States must never allow transactions to proceed with people of countries under economic sanctions otherwise sooner or later there will be government agencies to go after it. I am a little bit surprised that it took a whistleblower to open the Pandora's box for Block Inc. Let's see how the government will be handling this case and if there will be some personalities that can be getting some prison terms or will there will be a huge fine to be imposed on the payment company. Block is not operating here in my country so am not so familiar with this platform but I see that this came into popularity all because of Jack Dorsey, a well-known cryptocurrency supporter and was associated a lot with the former Twitter (now X under Elon Musk). I guess 2024 will also be a year where cases are filed against crypto-related platforms for various forms of violations...am hoping the same will not be true in 2025.