This is an automated archive.

The original was posted on /r/cryptocurrency by /u/drjacks on 2024-01-19 12:08:25+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/bIackrain on 2024-01-19 12:06:47+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/flowers_at_dusk on 2024-01-19 10:49:17+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/Odd-Cut-7365 on 2024-01-19 10:25:07+00:00.

The new guidelines for the end of 2024:

The new EBA guidelines for crypto-asset service providers (CASPs), in conjunction with the recent anti-money laundering decisions of the EU Council and Parliament, pose significant challenges for CASPs. These regulations require CASPs to intensify their risk management processes in order to meet the increased requirements for anti-money laundering and the prevention of terrorist financing. The EBA guidelines emphasize the need for a comprehensive review and possible redesign of customer due diligence (CDD) processes, the introduction of advanced transaction monitoring systems and the increased consideration of risk factors specifically relevant to crypto-assets. The EBA identifies the following as specific risk factors, among others:

• Transactions, such as transfers to or from self-hosted addresses, decentralized platforms or transfers involving crypto-asset providers that are not authorized or regulated under the Regulation;
• products, such as those that increase anonymity or enable transfers to and from CASP and self-hosted and decentralized trading platforms
• the nature of the clients and their behavior, including instances where they provide inconsistent or false information or where their transaction volumes or patterns are not in line with what is expected of this type of client
• the clients' or beneficial owners' links to high-risk countries or transactions to/from countries associated with a high risk of money laundering and terrorist financing.

The recent decisions of the EU Council and Parliament also extend the list of obliged entities and introduce specific due diligence measures for transactions worth EUR 1,000 or more.

The directives thus place a particular emphasis on the identification of clients and the verification of their activities. CASPs must consider the type of customers, the type of products offered, the delivery channels and geographical aspects when monitoring business relationships and transactions. This is also likely to require the introduction of new technologies and analytics to effectively identify and report suspicious activity.

In addition, CASPs must be able to track and understand the origin and destination of crypto-asset transactions to minimize the risk of money laundering and terrorist financing. However, this will also mean that crypto service providers will need to enhance and update their monitoring and reporting systems to ensure compliance.

The combined effect of these regulations will require a significant expansion of monitoring and reporting obligations for CASPs, potentially leading to higher operational costs and posing challenges for smaller players in particular. This will require careful consideration of the benefits of increased safety and integrity against the potential negative impact on innovation and competitiveness.

The EU will probably not participate in the latest innovations with this law.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/kirtash93 on 2024-01-19 08:28:38+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/Dvine24hr on 2024-01-19 07:17:32+00:00.

Not allowed to post pictures on here for some reason but I found a wallet that was doing quite a few trades on a Solana alt coin. He would buy for 400 dollars then sell 2 seconds later for 410 dollars. Then a few minutes later buy for 350 dollars and sell for 358 2 seconds later. This went on for hours, this bot is literally printing money, what the hell even is this?

This also begs the question for me, how do humans even compete with this? Is trading without bots completely pointless and is your only option as a human to buy and hold? I've been able to make a bit of money trading already by just not getting greedy but this has left a sour taste in my mouth.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/FitScore3115 on 2024-01-19 04:46:33+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/wuodatienowrites on 2024-01-18 20:46:34+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/hudsoncider on 2024-01-18 17:47:43+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/kirtash93 on 2024-01-19 06:38:31+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/SpaceBrigadeVHS on 2024-01-19 05:22:00+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/SpaceBrigadeVHS on 2024-01-19 05:19:32+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/mnameschef on 2024-01-19 02:20:22+00:00.

Buying a small amount of crypto to help build more wealth is only the tip of the iceberg on my mind right now. But for context, I only really started saving for a down payment a few months ago. Have about $7600 CDN in savings earning 4% interest on wealthsimple. I've been paying attention to the markets and they seem to be doing decent so I'm considering buying some crypto to help grow savings just a little more quickly. With the halving coming soon, I think, like most people, the crypto markers will start taking off again. I was thinking about only putting $600 in so not anything substantial. Maybe 50% bitcoin and 50% top 10 alt coins. What's your opinion?

I'm also still worried about the economy, I'm not really expecting too soft of a landing. Probably a recession or even depression? Who really knows? It seems like most people are thinking the fed is going to cut rates within the next 6 months just as fast as they raised them. But I'm leaning towards another outcome. Seems like what people are expecting to happen, it never happens. What do you think might happen?

I've seen articles talking about how another black swan event is probable within the next year or two and this makes me fearful of investing in stocks/etfs/mutual funds. I also understand that time>timing in the market but I don't have a long time horizon.

I work at a financial planning business but they really only talk about what's happening right now and don't have many negative outcomes on their minds. People don't really want to hear negatives, especially when it comes to their hard earned money. I've considered booking myself an appointment but they are more traditional investors, mostly balanced funds and growth funds. I'm interested in precious metals and crypto. Not sure what they would think if I brought up non-traditional investments. Even though you know, gold/silver is probably one of the most traditional. They just don't deal with it often.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/UrAn8 on 2024-01-19 02:02:21+00:00.

I’m curious if this already exists.

Could only really work on a chain with tiny fees. Or maybe it makes the investment periodically to allow enough to accumulate so all your investments aren’t lost to fees.

Basically what the title says.

You buy coffee for 4.65. The wallet rounds up and puts 35 cents automatically into a crypto portfolio or some stupid high risk meme coin of your choice.

Basically it all goes to 0 and you couldn’t care less, or you some how manage to make 1000.

Maybe it links directly with Apple Pay so you don’t have to use something you aren’t already using although maybe there’s a security concern there.

Would be great if the wallet had pre-made portfolios from other people you can select so there’s a community component - would also significantly reduce the friction for new crypto people who couldn’t care less about creating their own portfolio and instead just pick one so their wallet can auto invest into it.

Is this already out there?

If not, why couldn’t it work?

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/chintokkong on 2024-01-18 23:41:06+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/badfishbeefcake on 2024-01-18 20:20:54+00:00.

As explained in the title, I'm not a TA guy, and I know crypto is so volatile and macro has so much impact on what will happen. But something interesting happened here.

I traced those 3 supports line (i guess its called support, again im not a TA guy), back in late November, it's been almost 2 months. The only change I did is extending the line, but I never moved them.

It has been interesting to see in December candles hitting a support and always went back up.For the first time since I drew them, BTC hit the lower support line. The last support line that I have is at the bottom around $31000k.

P.S: I'm bullish on the crypto market.

EDIT: This is a 1 Day chart, so its about short term trend. (Im dumb, but I got that right....I think)

EDIT2: I ate all my crayola, even the non tasty one.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/Melodic_Oil_2486 on 2024-01-19 02:07:28+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/BabyishHammer on 2024-01-18 19:52:41+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/jbtravel84 on 2024-01-19 00:09:05+00:00.

This is a phishing scam that happened recently where the victim lost about 150K in LINK, CBETH, and ILV. Most of the funds are still sitting in decentralized wallets.

50k+ went to an eXch deposit address. I can only assume the rest of the victim's funds will end up there as well.

The Wallets

Victim Wallet

• 0x373aDc79FF63d5076D0685cA35031339d4E0Da82 - 150K Phishing Victim

Scammer Wallets

• 0x4f4314e1E81650497D46e5b2179f5F3430902011 - 150K Scammer
• 0xd93786Dfb7A8c399e063c8e695C0efb3ACb6da9b - 150K Scammer 1
• 0xafC584057969fdeA6F07E4c7B6E1f4E799Bd964D - 150K Scammer 1 1 [74K here]
• 0x3B6e65D82B5828e5539ADB63A9cBe7F35F7f780E- 150K Scammer 2
• 0x8470C613Bcd6866019487d8fC58cCcB23e4af0C2- 150K Scammer 2 1
• 0x9fA7bB759641FCd37fe4aE41f725e0f653f2C726 - Pink Drainer

Deposit Addresses

• 0xf1dA173228fcf015F43f3eA15aBBB51f0d8f1123 - eXch [About 50k sent here]

Mapping of the Scam

Above is a trace of all the wallets. So far, only a portion of the funds have been sent to deposit addresses (eXch).

How the Phishing Scam Works

Pink Drainer is a Scam as a Service platform that drains victims wallets once a user signs a malicious contract. It's becoming more popular with the "retirement" of other wallet drainers like Inferno.

The victim goes to a scam website, clicks on the link, and gives permission to connect your hot wallet. Once that is done, Pink Drainer springs into action, draining any and all assets in the wallet. Starting of course with the token with the most assets and going down from there.

Pink Drainer takes 20%+ and the rest goes into the scammers wallet. You can see the process in the image below.

Above is victim's funds getting dispersed between Pink Drainer and the scammer's wallet. Pink Drainer takes a % of funds, usually 20%, before sending the rest to the scammer's fresh wallet.

Wallet of Interest

Whenever I look at these scams/hacks I like to look at all connections. I did notice a Twitter account connected to one of the wallets interacting with the scammer's wallet.

0x56850f01f997A6FAE6533cFFcd036CC6c0D659a7 could very well be a victim as well. It's worth investigating a bit more.

Above is a look inside 0x4f4314e1E81650497D46e5b2179f5F3430902011. The label "filip_eek" is a wallet of interest with the two interactions. This could also be a victim losing RPL and PEPE. It's worth investigating further.

Thanks for reading!

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/CryptoDaily- on 2024-01-19 00:00:26+00:00.

Welcome to the Daily Crypto Discussion thread. Please read the disclaimer and rules before participating.

Disclaimer:

Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.

Rules:

• All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
• Discussion topics must be related to cryptocurrency.
• Behave with civility and politeness. Do not use offensive, racist or homophobic language.
• Comments will be sorted by newest first.

Useful Links:

• Beginner Resources
• Intro to r/Cryptocurrency MOONs 🌔
• MOONs Wiki Page
• r/CryptoCurrency Discord
• r/CryptoCurrencyMemes
• Prior Daily Discussions - (Link fixed.)
• r/CryptoCurrencyMeta - Join in on all meta discussions regarding r/CryptoCurrency whether it be moon distributions or governance.

Finding Other Discussion Threads

Follow a mod account below to be notified in your home feed when the latest r/CC discussion thread of your interest is posted.

• u/CryptoDaily- — Posts the Daily Crypto Discussion threads.
• u/CryptoSkeptics — Posts the Monthly Skeptics Discussion threads.
• u/CryptoOptimists- — Posts the Monthly Optimists Discussion threads.
• u/CryptoNewsUpdates — Posts the Monthly News Summary threads.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/chuloreddit on 2024-01-18 20:23:14+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/AlexWasTakenWasTaken on 2024-01-18 22:19:18+00:00.

I've always been interested in metrics and indicators to keep an objective eye on bitcoin and its development instead of getting caught in fear or greed. So I wanted to gather a few here and rank them through personal experience - and ask if you guys have found any other useful ones.

Here's a roundup of the risk indicators I'm aware of. Any suggestions for others to include?

S Tier

• AlphaSquared's Bitcoin Risk Metric - This one is what I've been using for the past year. The fact that it successfully pinpointed the Bitcoin bear market bottoms in June and November 2022 speaks volumes. There's a strategy builder and forward-testing simulations too. You can keep creating free trials so it's kind of free.
• Benjamin Cowen's Risk Indicator (YouTube) - Another top-tier indicator (with a huge list of additional metrics). Although it comes with a huge price tag. It provides a risk dashboard for other coins (which I don't care about) and lots of reports and private videos. The workbench lets you build your own charts. I only joined for a month due to price and the risk performance was a little below Alphasquared.

A Tier

• CoinTalksCrypto's Bitcoin Bull Run Index - Not bad; it's customizable and free. However I've been following this one for two years now and it missed both the 2021 top, as well as the bottom by a long shot. While recently looking at it again, it seems they went back to make it "catch" the bottom too (sketchy as there is no mention). This might be useful to look at but I wouldn't count on the quality. Hence A-Tier mainly due to being free.

B Tier

• Bitcoin Risk Level
• lookintobitcoin's Reserve Risk
• OrionAlgo's TradingView script - this one's trying to replicate ben cowen's risk metric.
• jacdelosreyes013's TradingView script

C Tier

• Fear and Greed Index - I don't think it's particularly useful for macro investing, as the indicator itself looks more like an RSI with a bit more oomph.

Always keen to hear about others' experiences and any additional risk indicators that might be worth adding to this list!

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/AlexWasTakenWasTaken on 2024-01-18 22:19:18+00:00.

I've always been interested in metrics and indicators to keep an objective eye on bitcoin and its development instead of getting caught in fear or greed. So I wanted to gather a few here and rank them through personal experience - and ask if you guys have found any other useful ones.

Here's a roundup of the risk indicators I'm aware of. Any suggestions for others to include?

S Tier

• AlphaSquared's Bitcoin Risk Metric - This one is what I've been using for the past year. The fact that it successfully pinpointed the Bitcoin bear market bottoms in June and November 2022 speaks volumes. There's a strategy builder and forward-testing simulations too. You can keep creating free trials so it's kind of free.
• Benjamin Cowen's Risk Indicator (YouTube) - Another top-tier indicator (with a huge list of additional metrics). Although it comes with a huge price tag. It provides a risk dashboard for other coins (which I don't care about) and lots of reports and private videos. The workbench lets you build your own charts. I only joined for a month due to price and the risk performance was a little below Alphasquared.

A Tier

• CoinTalksCrypto's Bitcoin Bull Run Index - Not bad; it's customizable and free. However I've been following this one for two years now and it missed both the 2021 top, as well as the bottom by a long shot. While recently looking at it again, it seems they went back to make it "catch" the bottom too (sketchy as there is no mention). This might be useful to look at but I wouldn't count on the quality. Hence A-Tier mainly due to being free.

B Tier

• Bitcoin Risk Level
• lookintobitcoin's Reserve Risk
• OrionAlgo's TradingView script - this one's trying to replicate ben cowen's risk metric.
• jacdelosreyes013's TradingView script

C Tier

• Fear and Greed Index - I don't think it's particularly useful for macro investing, as the indicator itself looks more like an RSI with a bit more oomph.

Always keen to hear about others' experiences and any additional risk indicators that might be worth adding to this list!

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/SpaceBrigadeVHS on 2024-01-18 21:45:15+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/SpaceBrigadeVHS on 2024-01-18 21:45:15+00:00.