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Bitcoin Industry Will Grow 100x In Next Decades With Mainstream Institutional Adoption Says Michael Saylor CEO And Co-Founder Of Microstrategy...!!💯🚀 #Binance #michaelsaylor #Bitcon #industry #adoption
📈In Q4 2023, #NFT markets saw a meaningful recovery.
As of January 16, 2024, #EthereumNFT volumes are up over 3x while $SOL NFT volumes are up 8x since their respective lows in 2023🚀
Is the #NFT #industry getting back on track?🤔
As of January 16, 2024, #EthereumNFT volumes are up over 3x while $SOL NFT volumes are up 8x since their respective lows in 2023🚀
Is the #NFT #industry getting back on track?🤔
Hong Kong regulator requires banks to open accounts for crypto firms
Crypto adaption going so fast
Image to have wallet in your bank account
#digitaltransformation #bank #crypto2023 #wallet #industry
Crypto adaption going so fast
Image to have wallet in your bank account
#digitaltransformation #bank #crypto2023 #wallet #industry
#Australian cryptocurrency exchanges are intensifying their communication efforts with users as a proactive measure to combat scams. Leading crypto firms like Cointree, CoinSpot, and Swyftx have emphasized the significance of communication in preventing scams and building trust. The executives discussed various strategies employed by platforms to safeguard users from fraud, including Anti-Money Laundering (AML) checks, investigations, education, and open communication.
CoinSpot's AML officer, Jedda Stocks-Ramsay, highlighted the effectiveness of discussing scams with customers and addressing the social engineering aspect of scams. He emphasized that educating users about trust-related issues with scammers is crucial in preventing such incidents. Swyftx executive Jason Titman echoed the importance of education, noting that inadequate knowledge often makes consumers susceptible to disclosing personal information to scammers.
The panel also emphasized the need for broader education beyond the cryptocurrency industry, as scams involve various sectors like social media, banks, and telecoms. Cointree CEO Jess Renden emphasized that cryptocurrency scams shouldn't solely be attributed to the crypto #industry and that firms are collaborating with regulators and other industries to address the issue.
The efforts to combat scams through #communication align with recent data showing a rise in #crypto-related #scams in Australia. The increased communication aims to break the trust scammers build with victims and educate users to recognize and prevent such fraudulent activities.
CoinSpot's AML officer, Jedda Stocks-Ramsay, highlighted the effectiveness of discussing scams with customers and addressing the social engineering aspect of scams. He emphasized that educating users about trust-related issues with scammers is crucial in preventing such incidents. Swyftx executive Jason Titman echoed the importance of education, noting that inadequate knowledge often makes consumers susceptible to disclosing personal information to scammers.
The panel also emphasized the need for broader education beyond the cryptocurrency industry, as scams involve various sectors like social media, banks, and telecoms. Cointree CEO Jess Renden emphasized that cryptocurrency scams shouldn't solely be attributed to the crypto #industry and that firms are collaborating with regulators and other industries to address the issue.
The efforts to combat scams through #communication align with recent data showing a rise in #crypto-related #scams in Australia. The increased communication aims to break the trust scammers build with victims and educate users to recognize and prevent such fraudulent activities.
Exit pumps: A serious threat to the cryptocurrency industry
An exit pump is a type of pump-and-dump scheme that occurs when a large investor or group of investors buys a large amount of a cryptocurrency, artificially inflating its price. Once the price has been inflated, the investors sell their holdings, causing the price to crash. This leaves smaller investors holding the bag, with worthless tokens.
Exit pumps are often difficult to detect, as they can be disguised as legitimate investment activity. However, there are some red flags that can indicate that an exit pump is underway. These include:
A sudden and unexplained increase in the price of a cryptocurrency
A large amount of social media activity promoting the cryptocurrency
A lack of news or fundamentals to support the price increase
If you suspect that an exit pump is underway, it is important to avoid investing in the cryptocurrency. Exit pumps can be very costly, and you could end up losing all of your investment.
Here are some tips to help you avoid exit pumps:
Do your research before investing in any cryptocurrency.
Be wary of any cryptocurrency that is being promoted heavily on social media.
Look for a cryptocurrency that has a solid team and a good track record.
Invest only what you can afford to lose.
By following these tips, you can help protect yourself from exit pumps and other investment scams.
Here is an example of an exit pump:
In 2022, a group of investors bought a large amount of the #cryptocurrency Terra (LUNA). They then used social media to promote LUNA, driving up its price. Once the price had reached a high point, the investors sold their holdings, causing the price to crash. This left many investors holding worthless LUNA tokens.
The exit pump of $LUNA caused a great deal of financial losses for investors. It also damaged the reputation of the cryptocurrency #industry .
Exit pumps are a serious problem in the cryptocurrency industry. They can cause significant financial losses for investors and damage the reputation of the industry. By being aware of the risks of exit pumps and taking steps to protect yourself, you can help reduce the chances of becoming a victim.
Exit pumps are often difficult to detect, as they can be disguised as legitimate investment activity. However, there are some red flags that can indicate that an exit pump is underway. These include:
A sudden and unexplained increase in the price of a cryptocurrency
A large amount of social media activity promoting the cryptocurrency
A lack of news or fundamentals to support the price increase
If you suspect that an exit pump is underway, it is important to avoid investing in the cryptocurrency. Exit pumps can be very costly, and you could end up losing all of your investment.
Here are some tips to help you avoid exit pumps:
Do your research before investing in any cryptocurrency.
Be wary of any cryptocurrency that is being promoted heavily on social media.
Look for a cryptocurrency that has a solid team and a good track record.
Invest only what you can afford to lose.
By following these tips, you can help protect yourself from exit pumps and other investment scams.
Here is an example of an exit pump:
In 2022, a group of investors bought a large amount of the #cryptocurrency Terra (LUNA). They then used social media to promote LUNA, driving up its price. Once the price had reached a high point, the investors sold their holdings, causing the price to crash. This left many investors holding worthless LUNA tokens.
The exit pump of $LUNA caused a great deal of financial losses for investors. It also damaged the reputation of the cryptocurrency #industry .
Exit pumps are a serious problem in the cryptocurrency industry. They can cause significant financial losses for investors and damage the reputation of the industry. By being aware of the risks of exit pumps and taking steps to protect yourself, you can help reduce the chances of becoming a victim.
A joint research conducted by Consensys and YouGov estimated that 92% of the participants are aware of cryptocurrencies. 37% see the asset class as the future money, whereas 26% are on the opposite corner, viewing it as a #Scam .
Residents of the United States and the United Kingdom are more likely to associate digital currencies with fraudulent schemes.
→→The Sentiment Toward Crypto and #NFTs.
The survey, which spread across the Americas, Asia, Europe, and Africa and questioned over 15,000 individuals, showed that most respondents are aware of cryptocurrencies, with many seeing a bright future for the #industry .
Nearly 40% of the participants believe the asset class could emerge as the future of money, while 31% see it as the future of digital ownership. Every fourth gives the sector the evil eye, comparing it to a scam.
Nigerians (65%) and Argentines (56%) are most motivated to hold digital assets as a means to store value. This could be explained by the instability of their financial system and local currencies.
Residents of the United States and the United Kingdom are more likely to associate digital currencies with fraudulent schemes.
→→The Sentiment Toward Crypto and #NFTs.
The survey, which spread across the Americas, Asia, Europe, and Africa and questioned over 15,000 individuals, showed that most respondents are aware of cryptocurrencies, with many seeing a bright future for the #industry .
Nearly 40% of the participants believe the asset class could emerge as the future of money, while 31% see it as the future of digital ownership. Every fourth gives the sector the evil eye, comparing it to a scam.
Nigerians (65%) and Argentines (56%) are most motivated to hold digital assets as a means to store value. This could be explained by the instability of their financial system and local currencies.
A new high-level appointment in the regulatory policy division of the Securities and Exchange Commission (SEC) is sure to raise concerns within the cryptocurrency industry. Is the regulatory vendetta against crypto about to intensify?
The SEC’s Division of Corporate Finance has announced the appointment of Mellissa Campbell Duru as its new Deputy Director for Legal and Regulatory Policy. Just as high-profile lawsuits targeting Ripple and Coinbase are playing out in the courts. The crypto industry in America badly needs more friends in high places – not enemies.
#sec #SECNews #LEGAL #policy #industry
The SEC’s Division of Corporate Finance has announced the appointment of Mellissa Campbell Duru as its new Deputy Director for Legal and Regulatory Policy. Just as high-profile lawsuits targeting Ripple and Coinbase are playing out in the courts. The crypto industry in America badly needs more friends in high places – not enemies.
#sec #SECNews #LEGAL #policy #industry
