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Re: Exchanges being attacked in the verge of BTC ETF

PaulPeterPedro

on 23/11/2023, 13:10:42 UTC

Quote from: VicManton on Today at 12:03:19 PM

Quote from: JeromeTash on November 22, 2023, 09:59:23 PM

One of the possible reasons is that they want to wipe off this traditional crypto exchanges that are not fully regulated and controlled by Governments, and they want to push people into using platforms that they have full control of.
The Idea is to get people to abandon bitcoin which they can not also control and then trade those ETFs on exchanges that Governments can control and manipulate any time they want.

Your perspective on governments potentially aiming to steer users away from decentralized cryptocurrencies towards platforms they can regulate is thoughtful. It's obvious with the increasing regulatory scrutiny they're bringing, but from exchanges that have been compliant so far, they still try to give this decentralised vibe in how they have merged DEX features into the platform, like web3 swaps and the likes.

What cryptocurrency exchanges are there that you know are regulatory compliant? How certain can we be that the SEC won't go after them?

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Board Altcoin Discussion

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The Convergence of Worlds: Shrapnel, Blockchain, and You

PaulPeterPedro

on 08/11/2023, 18:21:08 UTC

Picture this – as a passionate gamer, you are stepping into a new gaming era with Shrapnel. This groundbreaking blockchain-enabled FPS, crafted by the talented team at NEON, is all set to redefine your gaming experience. Get ready to dive in with the PC launch scheduled for 2024 (and early access in 2023), where you'll become an MEF Operator in a world transformed by a mysterious substance. Your mission? Extract valuable resources or face the consequences.

NEON, a game development studio based in Seattle, secured over $10.5 million in 2021 to bring Shrapnel to life. The extraction shooter concept sets it apart, offering a high-stakes treasure-hunting experience similar to popular titles like Escape from Tarkov and The Division's Dark Zone. Shrapnel has its sights on the metaverse, with the SHRAP token (Avalanche C-Chain) at its core.

In an exciting twist, SHRAP is now available on several CEXs, including Bybit and Bitget. This partnership marks the convergence of gaming and crypto, opening up possibilities.

As gaming and crypto worlds come together, we're curious: what in-game interactions or experiences are you most excited to see in the near future? Share your thoughts with us below and be part of the conversation.

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Board Bitcoin Discussion

Re: Why is KYC mandatory in CEX?

PaulPeterPedro

on 05/09/2023, 11:55:59 UTC

Quote from: Altcoiner007 on Today at 10:51:54 AM

Privacy is important when it comes to Cryptocurrency, so why do exchanges like Bitget require KYC (Know Your Customer) for all users, even those who only want to get airdrops? I thought KYC should be for those transacting many Bitcoins, Is it really necessary for everyone?

KYC can be used to recover lost or forgotten passwords on platforms like Bitget. This is because the information collected during KYC can be used to verify the user's identity and confirm that they are the account's rightful owner.

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Board Trading Discussion

Re: Is copy trading a legit way of income for beginners or just a marketing tactic?

PaulPeterPedro

on 09/08/2023, 19:15:06 UTC

Quote from: ananyabushra on August 08, 2023, 12:10:43 PM

We can just skip market analysis, not put in any effort or time, and have someone else handle our trading. It sounds almost too good to be true, doesn't it? That's what copy trading offers us, but can we really trust it?

There are a few things to consider when evaluating the legitimacy of copy trading.
First, you need to make sure that the platform you're using is regulated and has a good reputation. There are a number of scams out there, so it's important to do your research.

Second, you need to carefully select the traders you want to copy. Some traders have a better track record than others. Make sure you look at their performance history and read their reviews before you commit any money.

Finally, you need to remember that copy trading is still an investment, and there is always the risk of losing money. Even if you're copying a successful trader, there's no guarantee that they will continue to be successful in the future.

So, is copy trading legitimate? Yes, it can be a legitimate way to invest if you do your research and select the right traders. However, it's important to remember that there is always the risk of losing money, even with copy trading.

Copy trading can be a legitimate way for beginners to generate income. Still, when choosing a copy trading platform, it is crucial to consider the fees charged, the types of assets available, and the track record of the traders you are copying.

Remember that copy trading is not a get-rich-quick scheme. You can still lose money by copy trading, even if your copying trader has a good track record. Be aware of the risks involved before you start copy trading.

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Board Bitcoin Discussion

Re: The hypocrisy of the UK on Cryptocurrency

PaulPeterPedro

on 24/07/2023, 05:49:44 UTC

Quote from: AntonietteK on July 23, 2023, 01:09:32 PM

Quote from: EarnOnVictor on July 06, 2023, 08:07:04 AM

I've been following the development in the UK in line with cryptocurrency for a while now, and I must say that I'm not so happy about most of the things I read. The hypocrisy of that nation is much, they could have just announced to the whole world that they've banned crypto instead of making life difficult for crypto enthusiasts by introducing unfriendly rules and preventing businesses around it by blocking exchanges and other business initiatives with sanctions.

Of course, it's not all their financial institutions, but once the strongest are doing so, how long would it take for more issues to arise?

Quote from: https://www.businessexpert.co.uk/business-banking/crypto-friendly/#:~:text=Why%20UK%20banks%20are%20blocking,collapse%20of%20the%20FTX%20exchange.

Why UK banks are blocking transfers to and from crypto exchanges
As of 2023, many UK high street banks are blocking payments to and from major cryptocurrency exchanges such as Binance and Coinbase due to increased security concerns post the collapse of the FTX exchange.

Can you imagine? Banks claim to be blocking people and businesses because of the FTX collapse. How many banks have they stopped because of the ugly past of many UK banks that went insolvent?

The problem of one establishment out of many should never be a yardstick in judging others. For me, these banks are anti-crypto and their actions are high level of hypocrisy.

In the future, I think the UK gov should be cautious. We should be embracing Web3, like Hong Kong did, licensing the CEX, and updating the regulations. Change is inevitable.

You may improvise, but please try to keep the meaning the same "Hong Kong's licensing of CEX and embracing Web3 has shown positive outcomes. It's time for the UK to take a similar path and create a supportive environment for crypto businesses.