EL CRYPTOBROH
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read! ⚠️⚠️⚠️
🔥 Is Your USDT Really Safe? What You Need to Know! 🚨
$USDT (Tether) is the biggest "stablecoin" in crypto, aiming to always be worth $1 US dollar. It's super popular for trading because it offers stability in a wild market. But how solid is that $1 promise? Let's break it down.
The "Backed" Question
Tether, the company behind USDT, says every USDT is backed by real assets, mostly cash and US government bonds. Sounds good, right? The catch is, they don't get full, independent audits like regular banks. They provide "attestations," which are less thorough. This lack of full transparency has led to questions and doubts for years. While Tether now reports massive holdings in US Treasury securities and consistent profits, the fact remains that these aren't full audits. If a lot of people tried to cash out their USDT at once, some worry there might not be enough truly liquid assets to cover it all.
Why the EU is Stepping In
The European Union has a new set of rules called MiCA. These rules are tough, demanding strong backing, clear financial reporting and strict oversight for stablecoin issuers.
Many existing stablecoins, including USDT, likely don't meet these new, high standards without big changes. Because of this, you're seeing major crypto exchanges in the EU, like Binance, Coinbase and Kraken, either delist USDT trading pairs or restrict its use for regular users. It's not a direct "ban" on USDT itself, but rather a regulatory push that makes it very hard for non-compliant stablecoins to operate within the EU's financial system.
The goal? To protect consumers and prevent financial instability from poorly backed or shady crypto assets.
What Does This Mean for You?
While USDT has held its value pretty well through various market ups and downs, its safety is still debated. The ongoing questions about its backing, combined with new, strict rules like MiCA, mean you should be aware of the risks.
Please consider following for more crypto insights!
#USDT #stablecoin #CryptoSafety #MiCA
$USDT (Tether) is the biggest "stablecoin" in crypto, aiming to always be worth $1 US dollar. It's super popular for trading because it offers stability in a wild market. But how solid is that $1 promise? Let's break it down.
The "Backed" Question
Tether, the company behind USDT, says every USDT is backed by real assets, mostly cash and US government bonds. Sounds good, right? The catch is, they don't get full, independent audits like regular banks. They provide "attestations," which are less thorough. This lack of full transparency has led to questions and doubts for years. While Tether now reports massive holdings in US Treasury securities and consistent profits, the fact remains that these aren't full audits. If a lot of people tried to cash out their USDT at once, some worry there might not be enough truly liquid assets to cover it all.
Why the EU is Stepping In
The European Union has a new set of rules called MiCA. These rules are tough, demanding strong backing, clear financial reporting and strict oversight for stablecoin issuers.
Many existing stablecoins, including USDT, likely don't meet these new, high standards without big changes. Because of this, you're seeing major crypto exchanges in the EU, like Binance, Coinbase and Kraken, either delist USDT trading pairs or restrict its use for regular users. It's not a direct "ban" on USDT itself, but rather a regulatory push that makes it very hard for non-compliant stablecoins to operate within the EU's financial system.
The goal? To protect consumers and prevent financial instability from poorly backed or shady crypto assets.
What Does This Mean for You?
While USDT has held its value pretty well through various market ups and downs, its safety is still debated. The ongoing questions about its backing, combined with new, strict rules like MiCA, mean you should be aware of the risks.
Please consider following for more crypto insights!
#USDT #stablecoin #CryptoSafety #MiCA
See original
#Binance = betting house.
the strange thing is that no government in the world has wanted to legislate it, for better or for worse. why is that?
the strange thing is that no government in the world has wanted to legislate it, for better or for worse. why is that?
See original
place your bets!
I bought $SOL because they said it was the "best layer 1", "fast as lightning" ⚡
And indeed – I lost money faster than on any other chain 🫡
Solana is so fast that before I can think, I'm already in a new shit.
Click – bought. Click – scam. Click – transaction went.
And all of this for pennies. At least I went bankrupt cheap 😅
Sometimes it hangs, but that's just a break to catch my breath.
Because when it comes back... it comes back with a new memecoin every 4 minutes.
$SOL is not a network.
It's an amusement park for degenerates with ADHD and too much USDT.
And you know what?
I love every second of this toxic relationship.
With Solana, it's either to the bottom or to the Lambo. There's nothing in between 🚀🚑
And indeed – I lost money faster than on any other chain 🫡
Solana is so fast that before I can think, I'm already in a new shit.
Click – bought. Click – scam. Click – transaction went.
And all of this for pennies. At least I went bankrupt cheap 😅
Sometimes it hangs, but that's just a break to catch my breath.
Because when it comes back... it comes back with a new memecoin every 4 minutes.
$SOL is not a network.
It's an amusement park for degenerates with ADHD and too much USDT.
And you know what?
I love every second of this toxic relationship.
With Solana, it's either to the bottom or to the Lambo. There's nothing in between 🚀🚑
See original
don't be guided by the comments here, as they are only meant for you to try to take revenge and lose again. there are people who dedicate themselves to commenting and publishing, nothing more.
I bought $SOL because they said it was the "best layer 1", "fast as lightning" ⚡
And indeed – I lost money faster than on any other chain 🫡
Solana is so fast that before I can think, I'm already in a new shit.
Click – bought. Click – scam. Click – transaction went.
And all of this for pennies. At least I went bankrupt cheap 😅
Sometimes it hangs, but that's just a break to catch my breath.
Because when it comes back... it comes back with a new memecoin every 4 minutes.
$SOL is not a network.
It's an amusement park for degenerates with ADHD and too much USDT.
And you know what?
I love every second of this toxic relationship.
With Solana, it's either to the bottom or to the Lambo. There's nothing in between 🚀🚑
And indeed – I lost money faster than on any other chain 🫡
Solana is so fast that before I can think, I'm already in a new shit.
Click – bought. Click – scam. Click – transaction went.
And all of this for pennies. At least I went bankrupt cheap 😅
Sometimes it hangs, but that's just a break to catch my breath.
Because when it comes back... it comes back with a new memecoin every 4 minutes.
$SOL is not a network.
It's an amusement park for degenerates with ADHD and too much USDT.
And you know what?
I love every second of this toxic relationship.
With Solana, it's either to the bottom or to the Lambo. There's nothing in between 🚀🚑
See original
don't buy anymore. the cryptos, ask yourself where their project offices are, who is working, what they are doing. you will see that nothing, all announcements, nothing real. this is a circus
I bought $SOL because they said it was the "best layer 1", "fast as lightning" ⚡
And indeed – I lost money faster than on any other chain 🫡
Solana is so fast that before I can think, I'm already in a new shit.
Click – bought. Click – scam. Click – transaction went.
And all of this for pennies. At least I went bankrupt cheap 😅
Sometimes it hangs, but that's just a break to catch my breath.
Because when it comes back... it comes back with a new memecoin every 4 minutes.
$SOL is not a network.
It's an amusement park for degenerates with ADHD and too much USDT.
And you know what?
I love every second of this toxic relationship.
With Solana, it's either to the bottom or to the Lambo. There's nothing in between 🚀🚑
And indeed – I lost money faster than on any other chain 🫡
Solana is so fast that before I can think, I'm already in a new shit.
Click – bought. Click – scam. Click – transaction went.
And all of this for pennies. At least I went bankrupt cheap 😅
Sometimes it hangs, but that's just a break to catch my breath.
Because when it comes back... it comes back with a new memecoin every 4 minutes.
$SOL is not a network.
It's an amusement park for degenerates with ADHD and too much USDT.
And you know what?
I love every second of this toxic relationship.
With Solana, it's either to the bottom or to the Lambo. There's nothing in between 🚀🚑
See original
how much do they pay you to comment and keep the gamblers and betting addicts who are here captive and hopeful?
🚨⭐People buy, hold, and WIN!.
In bear markets, you shouldn't sell in the red or you'll secure your losses. I see a lot of people panicking at the sight of their assets dropping. In my early days, I sold in the red due to this generated panic, but I learned to endure and hold during the downturn. The recovery of the market is a bit delayed, but remember that everything that goes down must come up and vice versa. STRENGTH BROTHER, those who sell in the red lose.🚨
#Write2Earn
In bear markets, you shouldn't sell in the red or you'll secure your losses. I see a lot of people panicking at the sight of their assets dropping. In my early days, I sold in the red due to this generated panic, but I learned to endure and hold during the downturn. The recovery of the market is a bit delayed, but remember that everything that goes down must come up and vice versa. STRENGTH BROTHER, those who sell in the red lose.🚨
#Write2Earn
See original
all of this is a scam. cryptos do not exist. they are a group of nerdy developers creating websites and landing pages.
$LUNC
I have been buying and burning lunc for 402 consecutive days.
It has been a slow, complex process, and I won't say it's difficult.
I have seen the price fall, the APR rate drop, and the percentage of lunc delegated in the network decrease.
And little by little, I see how many seek easy money and leave this project.
One thing I am very sure of...
Patience will reward every second invested in this project.
My rules are simple...
Daily buying + daily burning + reinvestment in staking on Terra Classic.
Let's go for many more hundreds of days.....
I have been buying and burning lunc for 402 consecutive days.
It has been a slow, complex process, and I won't say it's difficult.
I have seen the price fall, the APR rate drop, and the percentage of lunc delegated in the network decrease.
And little by little, I see how many seek easy money and leave this project.
One thing I am very sure of...
Patience will reward every second invested in this project.
My rules are simple...
Daily buying + daily burning + reinvestment in staking on Terra Classic.
Let's go for many more hundreds of days.....
See original
sooner or later you will lose what you have gained. that is how this game is. with a lot of luck, maybe you won't end up with gambling problems and gambling addiction.
Here I go, slow but sure, little by little, grain by grain the hen gets filled up
See original
if the european union did nothing it is due to complicity
_Ram
--
🇩🇪 A loophole in German law allowed a man to escape criminal prosecution for the alleged theft of $2.9 million in crypto.
Indeed, according to the German Penal Code, theft is defined as the “taking of movable property of another,” and since cryptocurrencies have no physical form, they do not recognize them as “things.”
The accused could still be subject to a civil action, and experts have predicted that this will “force urgent reforms” to extend laws on the theft of digital assets and create “specific criminal provisions related to cryptocurrency.”
Indeed, according to the German Penal Code, theft is defined as the “taking of movable property of another,” and since cryptocurrencies have no physical form, they do not recognize them as “things.”
The accused could still be subject to a civil action, and experts have predicted that this will “force urgent reforms” to extend laws on the theft of digital assets and create “specific criminal provisions related to cryptocurrency.”
See original
they should legislate cryptocurrencies or ban them. their largest market is South America and Nigeria
_Ram
--
🇩🇪 A loophole in German law allowed a man to escape criminal prosecution for the alleged theft of $2.9 million in crypto.
Indeed, according to the German Penal Code, theft is defined as the “taking of movable property of another,” and since cryptocurrencies have no physical form, they do not recognize them as “things.”
The accused could still be subject to a civil action, and experts have predicted that this will “force urgent reforms” to extend laws on the theft of digital assets and create “specific criminal provisions related to cryptocurrency.”
Indeed, according to the German Penal Code, theft is defined as the “taking of movable property of another,” and since cryptocurrencies have no physical form, they do not recognize them as “things.”
The accused could still be subject to a civil action, and experts have predicted that this will “force urgent reforms” to extend laws on the theft of digital assets and create “specific criminal provisions related to cryptocurrency.”
See original
the day it happens on a grand scale. this entire pyramid collapses
for those who do not know English and do not investigate the causes first
shitcoin!
$NEIRO
$NEIRO
this has already happened.
i have lines created for more than 3 months now and in the coming months it will be a year since the listing on binance..
and there are still people talking negatively because they are doing poorly
everything is cyclical my good man, take a position and celebrate later. take some time, uninstall binance and come back later, I assure you that you will be happy.
$NEIRO
this has already happened.
i have lines created for more than 3 months now and in the coming months it will be a year since the listing on binance..
and there are still people talking negatively because they are doing poorly
everything is cyclical my good man, take a position and celebrate later. take some time, uninstall binance and come back later, I assure you that you will be happy.
See original
if cryptocurrencies are the biggest scam in the world
_Ram
--
🇩🇪 A loophole in German law allowed a man to escape criminal prosecution for the alleged theft of $2.9 million in crypto.
Indeed, according to the German Penal Code, theft is defined as the “taking of movable property of another,” and since cryptocurrencies have no physical form, they do not recognize them as “things.”
The accused could still be subject to a civil action, and experts have predicted that this will “force urgent reforms” to extend laws on the theft of digital assets and create “specific criminal provisions related to cryptocurrency.”
Indeed, according to the German Penal Code, theft is defined as the “taking of movable property of another,” and since cryptocurrencies have no physical form, they do not recognize them as “things.”
The accused could still be subject to a civil action, and experts have predicted that this will “force urgent reforms” to extend laws on the theft of digital assets and create “specific criminal provisions related to cryptocurrency.”
See original
stop buying shitcoins and you'll see how everything goes to hell
🟡 IMPORTANT CLARIFICATION ABOUT CHICKENS 🐔 AND WORLD APP 🟡
Recently, there have been comments confusing what happened with the mini app Chickens and the World App / WLD project. Therefore, it is important to clearly explain what happened:
What was Chickens? - Ponzi
Chickens was an experimental mini app, like many others within the World App. It allowed users to invest virtual coins in exchange for "rewards" in the form of returns. However, this dynamic depended on new investments to keep the system running.
What caused it to collapse? - Unsustainable volume
➡️ Investments became unsustainable.
Several people began investing very high amounts (e.g. 250, 500 coins) in a scheme where initially the maximum amount was graphically 25 WLD, which caused the app to pay out more rewards than it could actually sustain.
This is like a hen laying 1 egg a day, but you promise 50 people 3 eggs daily. In the end, there is no way to fulfill that promise.
The consequence was clear: the model collapsed, and the developer or team behind the mini app had no way to respond or keep it active.
What does this have to do with WLD or World App?
❌ NOTHING. - Do not confuse
Chickens was just a mini app within the ecosystem, like an app on a smartphone. Just because one app crashes does not mean the phone is damaged.
It's like the case of GoArbit and Bitcoin: the problem was not Bitcoin, the problem was GoArbit. Here, the issue was not $WLD or World App, but a third-party mini app.
---
⚠️ Investing in these mini apps always involves risk.
Those of us who participated accepted that risk. It was not a scam per se, but a poorly designed system that could not withstand the volume of investment it received.
To those who lost: we understand your frustration.
To those looking for someone to blame: let’s not confuse the tools with those who misuse them.
🧠 Responsibility and long-term vision, as always.
Recently, there have been comments confusing what happened with the mini app Chickens and the World App / WLD project. Therefore, it is important to clearly explain what happened:
What was Chickens? - Ponzi
Chickens was an experimental mini app, like many others within the World App. It allowed users to invest virtual coins in exchange for "rewards" in the form of returns. However, this dynamic depended on new investments to keep the system running.
What caused it to collapse? - Unsustainable volume
➡️ Investments became unsustainable.
Several people began investing very high amounts (e.g. 250, 500 coins) in a scheme where initially the maximum amount was graphically 25 WLD, which caused the app to pay out more rewards than it could actually sustain.
This is like a hen laying 1 egg a day, but you promise 50 people 3 eggs daily. In the end, there is no way to fulfill that promise.
The consequence was clear: the model collapsed, and the developer or team behind the mini app had no way to respond or keep it active.
What does this have to do with WLD or World App?
❌ NOTHING. - Do not confuse
Chickens was just a mini app within the ecosystem, like an app on a smartphone. Just because one app crashes does not mean the phone is damaged.
It's like the case of GoArbit and Bitcoin: the problem was not Bitcoin, the problem was GoArbit. Here, the issue was not $WLD or World App, but a third-party mini app.
---
⚠️ Investing in these mini apps always involves risk.
Those of us who participated accepted that risk. It was not a scam per se, but a poorly designed system that could not withstand the volume of investment it received.
To those who lost: we understand your frustration.
To those looking for someone to blame: let’s not confuse the tools with those who misuse them.
🧠 Responsibility and long-term vision, as always.
See original
close. this is a state. even binance creates advertisements here in square to deceive. it is a deception the cryptos. before you leave you would end up losing and with a disease. gambling addiction
hey there,
hold or close ??
i must add more margin ??
experts, guide please,
hold or close ??
i must add more margin ??
experts, guide please,
See original
Bitcoin claims to be anti-establishment, but in reality, all it does is favor and facilitate everything for the corruption behind the status quo.
The main goal is to return to the FED, through Tether, the dollars it extracts from the periphery, without having to print a single dollar. They exchange a real dollar for a fictional one that only serves in certain cases and that, moreover, when the USA imposes economic sanctions and restrictions on certain countries, companies from those countries use Bitcoin to bypass those same measures they impose. In this way, what ultimately happens is that people cling even more to the dollar.
In a context where it was losing international monetary hegemony and security, they end up recovering it thanks to Bitcoin.
In the subconscious of people (of almost any country except the USA), the dollar becomes even more entrenched in their psyche.
The main goal is to return to the FED, through Tether, the dollars it extracts from the periphery, without having to print a single dollar. They exchange a real dollar for a fictional one that only serves in certain cases and that, moreover, when the USA imposes economic sanctions and restrictions on certain countries, companies from those countries use Bitcoin to bypass those same measures they impose. In this way, what ultimately happens is that people cling even more to the dollar.
In a context where it was losing international monetary hegemony and security, they end up recovering it thanks to Bitcoin.
In the subconscious of people (of almost any country except the USA), the dollar becomes even more entrenched in their psyche.
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