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2 Crypto PUMP Insights
Good Morning.
Today the market is green, the BTC price approch ATH again. 🥳
Remember, in crypto, we have a saying: Don’t trust, verify. This should be your mantra every day in this industry.
More about this in today’s edition.
What’s rolling in Money Printer Go Brrr newsletter:
EU bans anonymous crypto transactions 🥴 . Spoiler: Actually, it doesn’t
Sleeping BTC whales are waking up — what does it mean?
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1. EU bans anonymous crypto transactions — Actually, it doesn’t
FALSE 👆️ (in the meantime they updated the article)
Yes, you may have read the news that the EU bans anonymous crypto transactions, either on Crypto Twitter or other Crypto Outlets.
→ That’s false!
Hear this, I have an advice for you:
Every time it comes down to legislation, bans, crypto, EU, USA, or other legal entities → read in full from the source.
💭 In crypto runs this saying: Don’t trust, verify.
The EU's Anti-Money Laundering Regulation (AMLR):
→ isn't solely a crypto crackdown,
→ it's a grand scheme covering all financial and even non-financial institutions with a risk for money laundering — Yes, even your local football club!
Anonymous accounts and privacy coins are a no-go:
Anonymous accounts: the AMLR explicitly prohibits crypto businesses from providing services to anonymous users. This means no cloak-and-dagger transactions are allowed. The EU wants full transparency.
Privacy coins: these are digital currencies designed to enhance user privacy — the AMLR prohibits crypto businesses from dealing with privacy coins.
👌 The actual good news:
- Self-custody wallets are safe (MetaMask, TrustWallet, etc)
- Unrestricted spending
👎️ The actual bad news:
- Limits on cash payments: cash payments have been hit with a cap of 10,000 euros.
- KYC for crypto transactions: if you opt for using a crypto exchange for transactions above 1,000 euros, brace yourself for some KYC (Know Your Customer) checks.
For more details on why the media should not be trusted, see the tweet below:
💭 Don’t trust, verify/read from the source.
How do you feel about these new regulations? Are you: |
2. Sleeping BTC whales are waking up — what does it mean?
Imagine a bunch of old, dusty Bitcoin wallets waking up from a long sleep and suddenly springing into action.
After a long siesta, these dormant Bitcoin holders are making moves that have everyone's eyebrows reaching for the sky.
And not just a little jig, we're talking the biggest hoedown in over 2 years!
Crypto detective Ali dropped this bombshell on Twitter, and now everyone's on the edge of their seats wondering, "What's next?"
What does it matter?
Dormant Bitcoin wallets waking up signal big moves in the market.
The activity suggests significant trading volume and potential price changes.
When "whales" (large holders) make moves, they can heavily influence Bitcoin's price.
Increased trading of dormant tokens often leads to heightened market volatility.
Essentially and in short → big price swings are coming!
But afraid not! This is like a normal Tuesday for crypto.
Want to keep digging about it? → Check out this charts platform that offers cool insights into BTC addresses.
4 things you should know:
Meme coins are new go-to-market strategies in crypto, says Variant Fund co-founder 💵
London Stock Exchange Will Start Market for Bitcoin and Ether ETNs May 28 🕯️
Elon Musk Asks Why Vitalik Buterin Left Twitter: Here's the Ethereum Creator's Answer
Why the Media Is Seemingly Less Interested in Bitcoin Than Ever 👋
Meme Of the Day
What'd you think of today's edition? |
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.