fyi i've mentioned this on savings and investments, but fluid.ch app is live, you can create a uk bank account and get interest rates up to 4%. The interest comes from distributing trading fees from their swap function. Basically a bank account with the ability to on ramp into crypto.
Do they have an e-money license in the UK?
Their banking partner is currencycloud (revolut's banking partner as well), if that's what you're asking?
Yeah, you need a banking partner as an E Money license holder, which they are, had a look on the FCA website.
Just a bit itchy about these things, after seeing mates get royally fucked with celsius
fyi i've mentioned this on savings and investments, but fluid.ch app is live, you can create a uk bank account and get interest rates up to 4%. The interest comes from distributing trading fees from their swap function. Basically a bank account with the ability to on ramp into crypto.
Do they have an e-money license in the UK?
Their banking partner is currencycloud (revolut's banking partner as well), if that's what you're asking?
Yeah, you need a banking partner as an E Money license holder, which they are, had a look on the FCA website.
Just a bit itchy about these things, after seeing mates get royally fucked with celsius
fair enough! But fluid doesn't use fractional reserve - every dollar/pound/euro in your account is in your account, they don't take it and re-invest it somewhere else. They're also insured against fraud/theft, so even if currencycloud and/or fluid goes bust, you'll still be able to recover 100% of your funds.
if you bought the last three or four weeks, congrats, think we're on our way to $35k in the next few weeks/months before nuking again near the end of the year.
if you bought the last three or four weeks, congrats, think we're on our way to $35k in the next few weeks/months before nuking again near the end of the year.
So frustrating - I've had a very expensive last month or two so had no expendable to drop into it, I get a tax rebate from HMRC and it bounces up immediately before it hits the bank for me be able to use the money!
if you bought the last three or four weeks, congrats, think we're on our way to $35k in the next few weeks/months before nuking again near the end of the year.
So frustrating - I've had a very expensive last month or two so had no expendable to drop into it, I get a tax rebate from HMRC and it bounces up immediately before it hits the bank for me be able to use the money!
Still time imo. Just popped out of the range and looking like another move up. Will probably get another big dip around 27k.
Dipped my hand into NFT’s - just bought the etihad NFT yesterday that’s launched, they’re having transaction problems (doing the launch via web2 rather than web3) but they’re saying 40% of the supply has now been bought and they failed so many transactions it would’ve completely sold out. The NFT gives you silver membership and other future real world benefits. Thought it seemed a good start to buy from a reputable company.
As this thread is so long and I can’t spend months going through it, looking for views and advice about Bit Index Prime. Has anyone registered and what do people think about it?
As this thread is so long and I can’t spend months going through it, looking for views and advice about Bit Index Prime. Has anyone registered and what do people think about it?
I don't trust anything that claims to use bots etc for trading to make profits, could too easily be a ponzi scheme. If it's that profitable, the founders wouldn't open it up for everyone - they'd just make boatloads of money themselves. I tried getting into arb bot projects during the bull run, but literally every single one was/is a scam.
Nice pump overnight, waiting for my short order to be filled for a scalp. But think we're on our way to a bear market rally.
As this thread is so long and I can’t spend months going through it, looking for views and advice about Bit Index Prime. Has anyone registered and what do people think about it?
I don't trust anything that claims to use bots etc for trading to make profits, could too easily be a ponzi scheme. If it's that profitable, the founders wouldn't open it up for everyone - they'd just make boatloads of money themselves. I tried getting into arb bot projects during the bull run, but literally every single one was/is a scam.
Nice pump overnight, waiting for my short order to be filled for a scalp. But think we're on our way to a bear market rally.
Short not filled, oh well. Waiting for $22000 to go long.
edit: looks like a whale had the same plan as me, short filled
Just a thought...if I was a criminal/money launderer/terrorist etc.... I probably wouldn't use a completely immutable transparent traceable network to move my assets around
True of BTC, but not of things like Tornado Cash and Monero. Systems like those do pose a threat in the eyes of govs/regulators, and they're not just going to sit by and roll over. The unique issue they face is what can they actually do? Tornado cash is code, it's a smart contract on Ethereum that has no admins. The people who wrote the code don't have the power to change it or take it down. As long as one person is hosting it somewhere it will always be live.
We are already at the stage where anyone can have a completely private, cryptographically secure account to hide their money, without the risk of a panama paper paper style whistleblower. As more and more people realise that these ZK proof secured systems are 100% safe, the more money that will flow into them. For govs that's pretty terrifying.
Took another year, but as predicted, they didn't just sit by. The US government declared Tornado Cash transactions illegal a few days ago, the USDC in the contracts were frozen, and the original Tornado Cash developer was arrested in Holland today...
I have just started work at a crypto firm, after many years in the investment banking world. It’s interesting to say the least. It’s not exactly the Wild West but I think it’s fair to say that crypto markets have been operating without significant and fundamental controls in place but are now waking up. So far, regulatory bullets have been dodged in the UK but once the FCA get their act together, it could become a bit tasty. I spoke with one of the traders to try to understand the fundamentals behind price movements in crypto, he said mainly just demand and supply. From an investment perspective that’s the bit that would concern me most. I used to trade for a living and not having good fundamentals to base trading decisions on seems alien to me. I’m only a few weeks in as a crypto person and learning more by the day. I suspect these markets have got a long way to go before they mature and provide solid and sustainable areas for investment but it’s interesting to see the action from the inside.
I have just started work at a crypto firm, after many years in the investment banking world. It’s interesting to say the least. It’s not exactly the Wild West but I think it’s fair to say that crypto markets have been operating without significant and fundamental controls in place but are now waking up. So far, regulatory bullets have been dodged in the UK but once the FCA get their act together, it could become a bit tasty. I spoke with one of the traders to try to understand the fundamentals behind price movements in crypto, he said mainly just demand and supply. From an investment perspective that’s the bit that would concern me most. I used to trade for a living and not having good fundamentals to base trading decisions on seems alien to me. I’m only a few weeks in as a crypto person and learning more by the day. I suspect these markets have got a long way to go before they mature and provide solid and sustainable areas for investment but it’s interesting to see the action from the inside.
What crypto firm have you started working for, @w@wwaddick? Don’t need to say in what capacity if you don’t want to dox yourself
I have just started work at a crypto firm, after many years in the investment banking world. It’s interesting to say the least. It’s not exactly the Wild West but I think it’s fair to say that crypto markets have been operating without significant and fundamental controls in place but are now waking up. So far, regulatory bullets have been dodged in the UK but once the FCA get their act together, it could become a bit tasty. I spoke with one of the traders to try to understand the fundamentals behind price movements in crypto, he said mainly just demand and supply. From an investment perspective that’s the bit that would concern me most. I used to trade for a living and not having good fundamentals to base trading decisions on seems alien to me. I’m only a few weeks in as a crypto person and learning more by the day. I suspect these markets have got a long way to go before they mature and provide solid and sustainable areas for investment but it’s interesting to see the action from the inside.
What crypto firm have you started working for, @w@wwaddick? Don’t need to say in what capacity if you don’t want to dox yourself
Happy to say the capacity - surveillance and monitoring - but would prefer to keep schtum on the firm.
Like an episode of succession - Binance are to buy ftx - the last 48 hours have been pretty insane in crypto. Two of the largest exchanges went to war with each other. Binance started dumping their bag of FTT - FTX’s token on the open market, dumping the price. Seems like FTX were using their tokens as leverage to buy/short other tokens, meaning that they suddenly had a giant black hole on their balance sheet. To stop going insolvent, ftx were forced to ask Binance to step in and help them.
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Just a bit itchy about these things, after seeing mates get royally fucked with celsius
Nice pump overnight, waiting for my short order to be filled for a scalp. But think we're on our way to a bear market rally.
https://www.bloomberg.com/news/articles/2022-07-27/crypto-should-get-its-own-laws-to-aid-ownership-claims-uk-says
edit: looks like a whale had the same plan as me, short filled
https://www.theguardian.com/technology/2022/jul/01/fbi-offers-100000-reward-for-help-finding-onecoin-cryptoqueen-ruja-ignatova
on their q3 roadmap...
Me changing my ZIL into QNT is still looking like a rare good move in my poor crypto career so far.