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X mucaN
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World Liberty Financial has proposed making $WLFI tradable to support community governance, unlock tokens for early supporters, and expand access across the broader ecosystem.
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Actually there is a very good reason for Bitcoin-backed banks to exist, issuing their own digital cash currency, redeemable for bitcoins. Bitcoin itself cannot scale to have every single financial transaction in the world be broadcast to everyone and included in the block chain. There needs to be a secondary level of payment systems which is lighter weight and more efficient. Likewise, the time needed for Bitcoin transactions to finalize will be impractical for medium to large value purchases. Bitcoin backed banks will solve these problems. They can work like banks did before nationalization of currency. Different banks can have different policies, some more aggressive, some more conservative. Some would be fractional reserve while others may be 100% Bitcoin backed. Interest rates may vary. Cash from some banks may trade at a discount to that from others. George Selgin has worked out the theory of competitive free banking in detail, and he argues that such a system would be stable, inflation resistant and self-regulating. I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash. Most Bitcoin transactions will occur between banks, to settle net transfers. Bitcoin transactions by private individuals will be as rare as... well, as Bitcoin based purchases are today.
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The FBI got back 40,300 USDT on Ethereum from a Nigerian scammer who was pretending to be a rich man and friend of Donald Trump named Steve Witkoff. The scammer tricked people by acting like someone important, but the FBI found out and recovered the stolen crypto. #Trump
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A lot of influencers are editing meme coin PNL screenshots, they are not real. Most of the 0.5 $SOL to 30 $SOL trades you see online by influencers are edited pictures. I work as a graphics designer, and I have edited many screenshots for so many of them. A lot of them posting that they made $23,000 with $120 are telling lies. They are not making any money from meme coins. $35 to $2,800 $48 to $7,230 $120 to $5,790 $92 to $4,300 Do not believe any of these without on-chain evidence. They keep posting these screenshots to secure brand deals from projects building around meme coins. It is from these deals they secure easy $5,000–$10,000. Trading meme coins is not that simple. 🤯 Confession with x mucan 🤯 #memecoins #Trump #altcoins #xmucan
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How Scammers Wash Stolen Funds in Crypto using meme coins, this is the third explanation we are dropping on this and hopefully, everyone understands. Yesterday, we came across a screenshot where someone made $800,000 in profit trading a particular meme coin called “Company.” A few minutes later, we saw another screenshot where a different trader lost $1.5 million trading that same meme coin. Then, just moments after, we came across yet another screenshot of traders making massive profits, but one trade in particular caught our attention: Turning $7 into $100,000. Hmmmm... do you know what’s actually happening here? They’re cleaning stolen, or let’s say, illegal funds. There’s a new money laundering tactic going on using meme coins, and here’s how it works: Scammers with stolen funds, for example, $1.5 million send the money to a wallet, Let’s call this wallet Wallet A. Then, these same scammers create or use other wallets, let’s name them Wallets B, C, and D. They use Wallet B to create a meme coin, and then buy $80 worth of it with the same wallet. Next, Wallet C buys $200 worth of that same meme coin. Then Wallet D buys $400 worth. They repeat this process with multiple wallets, making small, scattered purchases. Finally, they take the stolen $1.5 million from Wallet A and use it to buy a large amount of the meme coin. Once they do this, here’s what happens: The value of the meme coin in Wallet B jumps from $80 to $100,000 In Wallet C, from $200 to $300,000 In Wallet D, from $400 to $600,000 Now that the prices have pumped, they begin selling from Wallets B, C, and D. At the end of the day, Wallet A loses the $1.5 million, because it was used to pump the coin. But now, Wallets B, C, and D have cashed out, making that money appear as clean, legitimate profit. #xmucan #memecoins #Trump
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How Scammers Earn $800,000 with Meme Coins Video from - x mucan 🔥 #memecoins #trump #xmucan
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