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#exchanges

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“This year, a single French gang cut off the finger of an #entrepreneur, doused an #influencer’s father in gasoline and tried to snatch a #CEO’s daughter from the streets of Paris, according to French police.

An Italian #investor was tortured with a chainsaw and taser for weeks in a New York City townhouse, local police said. A British #trader was allegedly held captive in a Spanish hotel room. A popular influencer in Houston, Texas, was held at gunpoint and pistol-whipped in her own home while her three assailants demanded millions in #cryptocurrency, according to local news reports. The list goes on.

As the industry matures, so does the #cybersecurity guarding #exchanges and #wallets. The value stored within these #DigitalVaults is soaring. The result: #hacks are becoming #heists. #Cryptocurrency has long suffered from sophisticated and devastating #DigitalAttacks. Now, however, thefts are manifesting in the offline world, too. For the industry’s high-rollers, the targets on their backs have never felt heavier.”

The influence gap is narrowing between the digital on the physical world.

#Technology / #RealWorld / #IRL <theguardian.com/technology/202>

The Guardian · Online hacks to offline heists: crypto leaders on edge amid increasing attacksBy Guardian staff reporter
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@molly0xfff This is why we can't have nice things.

This proposal was written by the rent-seeking #middlemen running the exchanges while murdering the original #cryptocurrency ideals

Just as in the EU … this would reduce cryptocurrency to a transfer system between #exchanges/banks…

No citizen may own their own assets in any real sense, they just have a statement by their exchange/bank, middlemen who promise them an asset… which is even worse than we had before

At that point… why even bother?

As always middlemen extract a profit while making everything worse, as they collude with clueless authorities to make themselves irreplaceable

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@Paul_Harts @techlore granted the only reason the #UAE and espechally #Dubai banned #Monero is to "protect" it's #TradFin #MoneyLaundry that is #Hawala:

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@Sibshops not really, it keeps stable at the €250-ish mark, so it's simply a jump in value tuat seems persistent. Whereas any ML would spike it for a bit and/or go down afterwards...

  • I don't have the necessary time nor resources to check for that, and given the rampant use of #Shitcoins and the fact that "Non-KYC Crypt-to-Crypto exchangers" have changing wallets as they don't want to tumble clean coins, it's really hard to evidence that.

If anything, #delisting|s of #Monero made it harder to do #AML & #CTF investigations since #Exchanges did keep record on the exact "coin" (like a Serial Number on a banknote), allowing for #cash-like tracing based off known date/time, wallet & coin correlation.

  • Kinda how #LEA|s inject small amounts of cash into organized crime to track correlations.
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@baldur

I think there's another problem here too. We often look at new #energy hogs at cry foul, but the truth is large #stock #exchanges use almost as much needless energy per user and probably way more in the round because their use is near ubiquitous. But we turn a blind eye because we're already dependent on them.

💰 HOW TO #Get Your #Bitcoin #Off The #Exchanges! Such as #COINBASE, #BINANCE, #VOYAGER, #CRYPTO_COM etc., SAFELY 🚸

Yes, it’s super important to get your bitcoin off of the exchanges; however, there’s a smart way to do it which I show in my UTXO video that’s found here:

So, please watch that UTXO video before you start sending bitcoin!

Learn how to get your Bitcoin off of exchanges like Coinbase and Binance so you can self-custody your bitcoin securely!

Video Summary
In this video, Nathan provides a tutorial on how to transfer Bitcoin from an exchange to a wallet for safer keeping, using an app called Blue Wallet. The main steps are as follows:

VIDEO 1: thebtccourse.com/bitcoin-utxos

VIDEO 2: #BONUS! FREE #BTC COURSE!

thebtccourse.com/course/

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The Biden administration plans on Wednesday to issue new restrictions on American #investments in certain #advanced #industries in China

The restrictions would bar private equity and venture capital firms from making investments in certain high-tech sectors, like #quantum #computing, #artificial #intelligence and #advanced #semiconductors, the people said, in a bid to stop the transfer of American dollars and expertise to #China.

It would also require firms making investments in a broader range of Chinese industries to report that activity, giving the government better #visibility into #financial #exchanges between the United States and China.

nytimes.com/2023/08/08/busines

The New York TimesBiden to Restrict Investments in China, Citing National Security ThreatsBy Ana Swanson
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It is a pure #shit #sandwich. All the other use cases they give are the #mustard and the #pickle, put there to hide the #taste of the sandwich.

I personally #recommend you *not* eat a shit sandwich, even if it has fantastic mustard and is served with a really amazing pickle.

They describe it like it will be a wonderful, #open playground, full of #free and open #implementations, and that #websites (and #ad #exchanges... cough) therefore won't be able to use it to #abuse #users.

3/x

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@HistoPol
TwitterBuyer pumps #Doge because he's trying to distract from bitcoin — it ends #exhorbidantPrivilege.

That same Cambridge dept worked out that its the eqivalent of everyone boiling 17% of a tea kettle per day. The claims bitcoin is bad are just pushed by people who don't like bitcoin no matter how good and efficient it is.

Savers are good at no consumerism, too.

The issue with bitcoin are onramps like #exchanges and friendly banks are heavily attacked cir 2021.

@leadb @timnitGebru

From Matt Levine's excellent "Money Stuff" newsletter. The best summary of why #crypto #exchanges don't want to work with the #sec

'If you run a crypto exchange and you come into the SEC and say “we want to register as a securities exchange so we can let our customers trade securities tokens on our website,” the SEC will stop you right there and say “Wait: customers? Website? No no no no no, if you are an exchange, you can’t have customers, or a website; that’s for brokers.'

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Actually, #SpaceX raised $1.7 billion at the time, at a valuation of 127 billion.

That valuation is very different from market capitalization of a stock exchange traded company like Bell Canada.

#Stock #Exchanges are not perfect when it comes to finding the correct #price. But #VentureCapital funding rounds are outright terrible at pricing.

Also, the total funding that SpaceX has obtained is in the single digit billion. That pales in comparison to #Bell #Canada 's total investment.