I’m going to be honest with you after this bull rally is over I’m dumping all of my alt coin. Imo it’s bitcoin and ethereum
Listen to about six minutes of his speech.
Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
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Listen to about six minutes of his speech.
Binance has begun to block U.S. users from accessing its exchange platform
Crypto exchange Binance has begun blocking U.S. users from accessing its exchange platform, The Block has learned.
The move comes more than a year after Binance first announced in July 2019 that it would stop serving U.S. residents from September of that year.
Until now, the exchange was still effectively allowing U.S. users to access its platform. As The Block reported recently, a U.S. resident just had to click "I'm not [American]" to set up an account on Binance.com. It remains possible to create an account in this fashion.
Binance is now sending emails to U.S. residents based on their IP addresses in what appears to be a significant step toward enforcing its previously announced blockade of such users. One such email, sent Sunday and obtained by The Block, reads:
A member of Binance's customer support team told The Block that "once our system detects the access of account or the factors mentioned in the email are detected within the account then the following email notification will be sent out to users."
Binance's move comes soon after the U.S. government launched twin legal cases against crypto derivatives exchange BitMEX.
The U.S. Department of Justice and the Commodity Futures Trading Commission recently charged BitMEX and its founders for violating know-your-customer (KYC) and anti-money laundering regulations, among other allegations. In light of this case, BitMEX accelerated its KYC program, requiring all customers to be verified by November 5 — three months earlier than its original deadline of February 2021.
BitMEX rival Deribit will also require all users to become verified before the end of this year, as The Block reported last month. (Deribit already blocks U.S. residents based on IP addresses).
Binance itself appears to be on regulators' radar for avoiding scrutiny. In September, the Financial Action Task Force (FATF) published a report, hinting that Binance has spent years shifting the heart of its operations from place to place, ostensibly to avoid regulations.
Most recently, Forbes published a report, detailing what it described as Binance's efforts to avoid U.S. regulators' scrutiny. The report alleged that Binance "conceived of an elaborate corporate structure designed to intentionally deceive regulators and surreptitiously profit from crypto investors in the United States."
A dedicated U.S.-based arm, Binance.US, was launched in September 2019. Yet its volumes have remained tepid compared to Binance's primary platform.
www.theblockcrypto.com
- Binance has started blocking U.S. users from accessing its platform, The Block has learned.
- An email obtained by The Block directed a user to withdraw their funds within 90 days if they were based in the U.S.
- The move comes more than a year after Binance first announced that it would stop serving U.S. residents from September 2019.
Crypto exchange Binance has begun blocking U.S. users from accessing its exchange platform, The Block has learned.
The move comes more than a year after Binance first announced in July 2019 that it would stop serving U.S. residents from September of that year.
Until now, the exchange was still effectively allowing U.S. users to access its platform. As The Block reported recently, a U.S. resident just had to click "I'm not [American]" to set up an account on Binance.com. It remains possible to create an account in this fashion.
Binance is now sending emails to U.S. residents based on their IP addresses in what appears to be a significant step toward enforcing its previously announced blockade of such users. One such email, sent Sunday and obtained by The Block, reads:
"If you are a U.S. citizen or resident, please transfer your assets out of your account within 90 days. You may consider using Binance U.S. or other U.S. platforms," the email continues.
A member of Binance's customer support team told The Block that "once our system detects the access of account or the factors mentioned in the email are detected within the account then the following email notification will be sent out to users."
Binance's move comes soon after the U.S. government launched twin legal cases against crypto derivatives exchange BitMEX.
The U.S. Department of Justice and the Commodity Futures Trading Commission recently charged BitMEX and its founders for violating know-your-customer (KYC) and anti-money laundering regulations, among other allegations. In light of this case, BitMEX accelerated its KYC program, requiring all customers to be verified by November 5 — three months earlier than its original deadline of February 2021.
BitMEX rival Deribit will also require all users to become verified before the end of this year, as The Block reported last month. (Deribit already blocks U.S. residents based on IP addresses).
Binance itself appears to be on regulators' radar for avoiding scrutiny. In September, the Financial Action Task Force (FATF) published a report, hinting that Binance has spent years shifting the heart of its operations from place to place, ostensibly to avoid regulations.
Most recently, Forbes published a report, detailing what it described as Binance's efforts to avoid U.S. regulators' scrutiny. The report alleged that Binance "conceived of an elaborate corporate structure designed to intentionally deceive regulators and surreptitiously profit from crypto investors in the United States."
A dedicated U.S.-based arm, Binance.US, was launched in September 2019. Yet its volumes have remained tepid compared to Binance's primary platform.
Binance has begun to block U.S. users from accessing its exchange platform
Crypto exchange Binance has begun to block U.S. users from accessing its exchange platform, The Block has learned.
Night and Day...
binance.com is the original site and the largest crypto exchange. It has a bunch of coins including the small cap coins that can still do 100-1000x.
binance.us is their US site meant for US citizens and only offers a hand full of coins (relatively speaking) and on top of that isn’t available in all 50 states. They just recently allowed Florida residents to use their service.
Xinfin is looking forreal forreal.
Bitcoin about to hit $18,000
In my opinion don’t do anything.
IMO it'll crash hard once it gets to 20k (plus or minus 1k).
Think of all the people who bought at 20k 3 years ago that have been waiting just to break even and get out. Plus you'll have other people that'll want to take profits since they might have doubled their money in a short period of time.
I wouldn't get in right now.
How many of those people do you think stayed around? Remember bitcoin dropped down to $3500 over the past 3 years
I think some people just left what they had in a wallet and forgot about it. I have friends and coworkers that don't know how much they have because they haven't paid attention to crypto since the crash. So they weren't watching when it went down to $3500.
If people start seeing headlines about bitcoin approaching 20k again, they may try to see how much they now have in their accounts.
Ripple at 54 cents
but why???Ripple at 54 cents
BTC rising so overall market is.
1x1 for Spark token air drop.
People may believe xrp will be used with CBDC soon based off Ripple job posting.
Smart contracts are coming to XRP.
you are correct, but BTC typically moves first and alone then other coins/tokens follow at some point after. Some alt coins have done them similar for the market but its normally BTC that pulls the ret of the market up.
Central bank digital currency. Think of them is government issued stable coins.
Smart Contracts are basically what Ethereum was originally known for. I don't know the nest way to describe it but they are digital contracts that are on the block chain.
Good info bro! Appreciate the explanations. Explain the smart token air drop please.
You can think of air drops as free money based on the amount of money you have as of today.
Let's say you have 5000 XRP as of 12/10. The creator's of the Flare Network(?) Will send you some Spark tokens based on the amount of XRP you are holding.
You da man!! Oh shit so how do i get that
i got like over 250k xrp. I need to do research about this flare network i see....You da man!! Oh shit so how do i get that
Some of the exchanges are already supporting this so you don't need to do anything assuming you're holding your xrp on one of the participating exchanges. Most people would recommend that you have you xrp in your own wallet to ensure you get your tokens with no issues.
Because I already had my xrp on Uphold, I just kept them there for now. In not sure about what other exchanges or wallets are supporting the Spark token drop but you do want to make sure you are on a participating exchange or wallet.
Yea i have mine offline so ima have to find a participating wallet i see. What is uphold? And this spark thing, u think its something to get involved with?
Its free so its not going to hurt anything lls. I can't say if it will be worth your time long term though.
Uphold is just another exchange.
63 cents for XRP wow!!!these markets are crazy...
68 cents right now..I fucked up not keeping a big bag of xrp but i fomo'd in and still made bread.
Stellar lumens finally moved off 8 cents..
Yea i have kept mine for a min. Hoping it gets in the $1-$10 range
Watching XRP I have just over 500 coins now. Buying some more.
www.crypto-news-flash.com
Breaking: Ripple confirms Bank of America as a RippleNet client
After years of speculations of secret pilot projects, the rumor has been confirmed, although a statement by Ripple is still open.
www.crypto-news-flash.com
big institutions loading up on bitcoin cause the fed printing all that fiat is debasing the dollar.there are a myriad of reasons but big money protecting it's piggy bank is one major driving force.also if they are buying faster than bitcoin can be mined then it creates a scarcity and price goes up.
And let's not forget Fomo.
Got the e-mail this morning... Get your coins off guys