This is a good read. Most of the first part recaps how banking compliance really works.
That's worth reading, but mostly for education. Keep skimming until you get to the section about The Current Thing. Then read through to the end, where this finally gets to the point.
The point being that what the crypto industry really, really wants is easy access to retail customers.
They need more suckers to keep the Ponzi schemes going.
Plus they want protection from regulators after they steal customer funds.
For what? For stuff like this, which appeared on Reddit today. If you missed it, don't worry.
There will be another one tomorrow.
$XXXX AI: WEEX CEX IS NOW LIVE – HUGE MARKETING PUSH LATER TODAY!
$XXXX AI: WEEX CEX IS NOW LIVE – HUGE MARKETING PUSH LATER TODAY!
YOUR CHANCE FOR 10x RETURNS IS HERE – DON’T MISS OUT!
Linktree: XXXX
Contract Address: XXXX
BREAKING NEWS – THE REVOLUTION STARTS NOW!
XXXX CEX is officially LIVE, and we're ramping up with a massive marketing push later today!
In LESS THAN 24 HOURS, $XXXX AI will be available for trading on WEEX, one of the TOP 20 CEXs,
with over 5M+ USERS and explosive growth. This is YOUR chance to get in early before the price skyrockets.
With an entry price of just $180K, this could be your opportunity to EASILY 10x your investment in UNDER A DAY.
Don’t wait – the MASSIVE GAINS are just around the corner!
$XXXX AI – THE FUTURE OF AI IS HERE!
$XXXX AI is changing the game with the Shape-Shifting AI Agent – a real-time, self-evolving AI that adapts
to any environment and solves any problem. This is next-level tech ready to revolutionize industries,
and it's LIVE NOW! This isn’t just another AI project – it’s the future of AI, blockchain, and tech combined!
The chart for XXXX (I'm not going to give the token symbol visibility on HN) shows it down 90% from peak and with a market cap of about US$180K and dropping.
This stuff makes FBX look good. Crypto keeps developing lower and lower tiers of crappy investments.
Current losses from crypto scams add up to about $76 billion.
Don't expect much regulation in the US, with the CFTC shut down and TRUMP having his own memecoin. (It's down 80% from peak.)
The point being that what the crypto industry really, really wants is easy access to retail customers. They need more suckers to keep the Ponzi schemes going. Plus they want protection from regulators after they steal customer funds.
For what? For stuff like this, which appeared on Reddit today. If you missed it, don't worry. There will be another one tomorrow.
The chart for XXXX (I'm not going to give the token symbol visibility on HN) shows it down 90% from peak and with a market cap of about US$180K and dropping.This stuff makes FBX look good. Crypto keeps developing lower and lower tiers of crappy investments.
Current losses from crypto scams add up to about $76 billion.
Don't expect much regulation in the US, with the CFTC shut down and TRUMP having his own memecoin. (It's down 80% from peak.)
[1] https://www.web3isgoinggreat.com/