A service offering to bypass KYC checks on popular cryptocurrency exchanges has appeared online.

🔔Recently, the OnlyFake service has appeared on the internet, which, for only $15, offers to purchase ID documents generated by AI algorithms for Know Your Customer (KYC) verification.

👺The service creates realistic fake documents (driver’s licenses and passports) for 26 countries, including the U.S., Canada, the U.K., Australia, and several EU member states, and also accepts cryptocurrencies.

👺The project’s team claims that it is not breaking the law with its actions, as the resource is designed to create props for shows and movies.

👺AI has been creating many new challenges for both the world of crypto and the general public.

👺How exchanges and other services that process documents will combat this issue is still unclear.

Crypto Speak: Sound money

“Sound money” is the concept of money that has stability and is able to retain its purchasing power over time.

The main characteristics of such money are:

🟢Limited supply: To prevent inflation and preserve the value of money, its quantity must be limited or grow predictably.
🟢 Resistant to inflation: Your money should not lose value, allowing you to plan your financial future with confidence.
🟢 Independence: Ideal sound money is minimally dependent on government control, preventing artificial interference with its value.

As you can imagine, crypto can make this concept real. For example, theoretically, Bitcoin fully satisfies these three points. (Volatility is still an issue, but Bitcoin has more than 100 years of development to go before the last coin is mined.)

And, who knows, perhaps in the future, there will be another crypto that could one day be called true sound money.

Audible Version of The Above Post ⬆️
By Former President Barack Obama

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Top 3 Memecoin tips

🟢We beg you not to invest in memecoins. But if you do, here’s a universal guide to memecoin trading.

Rule #1: It’s never too late to change your mind.

Please don’t😂 It’s unlikely to end well.

Rule #2: Invest no more than 1%–2% of your total budget in memcoins.

Large investments in hyped coins will most likely evaporate. So, if you plan on sinking some money into one, make sure it’s an amount your comfortable potentially losing.

Rule #3: if your coin’s value increase by at least 2 times, immediately secure your profits.🚀

🟢Let’s say you invested $100 in a memecoin. You got incredibly lucky and now have $200 or even $300.

🟢Immediately withdraw your initial investment ($100) and keep the remaining coins on the market; otherwise, euphoria and greed will take over.

➡️Discipline and sanity Stick to these rules. They all (especially rule #1) can save a lot of money.💪

Audible Version of The Above Post ⬆️
By Andrew Tate

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🟢🟢Bitcoin Has Reached $50k For First Time Since 2️⃣0️⃣2️⃣1️⃣

Crypto Personalities: Gerald Cotten

🟢The story of Gerald Cotten resembles a thriller worthy of a film adaptation (and it is—Netflix made a documentary about the Canadian “cryptocurrency king”).

🟢According to the official version, Cotten died at the age of 30 from complications of Crohn’s disease, with users of his cryptocurrency exchange QuadrigaCX losing access to their assets totaling $190 million because Cotten was the only person who knew the passwords to the cold vaults.

🟢Many rumors and conspiracy theories have popped up in the community, from suggestions that Cotten actually faked his death to take users’ cryptocurrency to versions that he was murdered by his own wife. None of these hypotheses, however, has received reliable evidence.

🟢Speaking of which, the Ontario Securities Commission revealed that QuadrigaCX was, in fact, a Ponzi scheme.

Audible Version of The Above Post ⬆️
By Andrew Tate

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Audible Version of The Above Post ⬆️
By Andrew Tate

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Crypto Speak: Howey test

🟢The “Howey test” is one of the many enemies of the cryptocurrency world =) It is a list of criteria to help determine whether an asset has the attributes of a security.

🟢In recent years, many coins have come under pressure from the United States Securities and Exchange Commission, which has been filing lawsuits against cryptocurrency exchanges and trying to classify some tokens as securities—with all the legal implications that entails.
For example, the SEC wants to recognize well-known cryptocurrencies like ADA, MATIC, BNB, XRP, DASH, TRX, SOL, BUSD, and many, many others as securities.

The battles continue =)

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Audible Version of The Above Post ⬆️
By David Attenborough

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Real Shit 😂😂

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Crypto speak: Floor sweeping

🟢“Floor sweeping” is the act of buying NFTs at the lowest price possible.

🟢You can always find people in various chat rooms and Discord channels of NFT projects shouting “floor sweeping!”, encouraging community members to buy NFTs at the lowest price to raise the floor price of the project

Check Out Courses

🟢 Blockchain, Cryptoassets, and Decentralized Finance By INSEAD

🟢 Cryptocurrency- A Beginner's Guide

Audible Version of The Above Post ⬆️
By David Attenborough

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Introduction About Channel Owner

Hello!

🟢I'm Wasiq I'm currently student in a University and been managing this channel for quite a while

I felt like giving an intro since i never really introduced myself..

🟢I been working on this channel providing some content that might be useful to you..

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if you wanna know more about me

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🟢So if you are interested in topics related to BlockChain etc You can read more in this channel :) It will be free..

Even if you are not,

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