Full disclosure on the case of our DASP application:
We received a letter at our registered office address in Bourg-La-reine on 13th December 2021 that the nature of BCUBE activity will need DASP registration. We got the letter lately since the box office service delayed the letter delivery. We responded on 31st of Jan 2022 detailing all the information. The response came back that we don’t need any DASP in April 2022. They came back after a few months saying we indeed need one. This was contradictory statements from two different officers. Finally we applied for a license. They asked us to stop the services for French customers then asked us to stop it for the EU customers and then they asked us to stop the service to everyone. Yes three different statements on three different calls. Finally they declined saying “we continued to provide service during the time when we were suppose to stop everything until we received the license”. This rule was not applicable to any CEX at that time but only to us. Now it looks like they will bend the rules once again. I will wait and watch.
The officer responsible for our case was very bad. He was highly incompetent.
This is how they ended a company like BCUBE which made €1 million euros in profits in 2021 to zero revenues today. If our business was not disturbed unnecessarily then we would be doing very well. Shame on them….
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My plan for the “AI Alpha Fund” on GRVT.
Well, there is nothing new here, as I have shared my plan on the Zoom call and Twitter Spaces, and I am sticking to it now: being mostly long until $BTC breaks and stays below $97k every week. Until then, it is not entirely broken. I am still expecting the macro scenario to improve, which could be reflected in prices, so $BTC going back to $120k is not entirely ruled out yet. This happened in 2021, when $BTC dropped 50% in April and then reclaimed a new ATH in November, after which the bear market began.
I am not saying it will happen again. Still, given the macroeconomics of the US trade war with China coming to an end, gold cooling off, large caps attracting the money that was previously parked in altcoins, and many governments announcing liberal laws for stablecoins and crypto, fresh funds can hit the market from unexpected corners, especially when everything is on discount. I will cautiously take positions on both long and short sides at the same time. The longs need DCA on selective coins, whereas the altcoins can be on shorts. Once again, careful rebalancing regularly is required and cannot be left alone. Everything will be adapted once the overall picture becomes clear. The positions and bet sizes are complex topics that I do not want to discuss here.
The trading style will be adapted to the changing market environment, and this is not retail trading, where we can go with the flow or let emotions drive us. This is a fund. If you cannot handle it, stop asking about the fund’s direction each week and move out now at the current share price, or later at 1, because it is simply not in line with your risk appetite. We can have drawdowns of 40-45% and the earning potential is also high. This is a high-risk, high-reward product. If you believe we can manage well, then leave the funds and see where they go in the long run.
Just a day before that massive crash that led to $19B in liquidations, all our positions were in green, not a single one in red. We were the best performing fund. Remember, this was the biggest liquidation in the history of crypto markets. We didn’t get liquidated. We survived, and if you feel we should have booked profits or shorted, that’s not how it works. Trust me, with that level of intuition, you are a better trader than we are, and you should do it yourself.
Everyone should understand that there is a considerable risk in any actively managed fund, where you can lose all or part of what you have invested. If you think it is going to be only or will surely be a profitable one, then such investments are not for you. You will be better off on a DeFi fixed yield.
Please bookmark this post and don’t ask what my next step is for the fund. I know what I am doing, and let me do it. As I said earlier, if you have any doubts, I truly respect that, and you can withdraw the funds.
Never underestimate the power of believing in something that doesn’t exist yet.
Sometimes, the world just needs to see you first." (5/5)
— Jim Carrey
#JimCarrey
"Once, I wrote myself a check for ten million dollars and kept it in my wallet as if it were real.
At the time, I couldn’t even afford rent. I was living in a van with my family, and there were days when we had nothing but canned soup for dinner. (1/5)
I went straight to look at that old check, still folded in my wallet. I cried.
Not because of the money... but because I had made a promise to myself — and I kept it. (4/5)
@Esswasim85@PiNewsMedia I think you're missing a big point here.
Pi has 8M KYC-verified users, doesn’t require expensive devices to support the blockchain, and everything has been open-sourced from the beginning. Every validator, miner, and developer can benefit everyone has a role in the ecosystem.
🌞 Good morning, b-cubeians!
https://t.co/Gf5PoEkatR just flipped the switch to $USDC pair trading! For Futures update: some pairs don’t support USDC yet, so we’ll close those in USDT and reopen them as USDC alternatives—just for futures. Spot trades? We’ll switch everything to USDC when the timing’s perfect. Simple, smart, and seamless—ready to trade with clarity? Join the future today!
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You can now long and short $TESLA, $NVIDIA, $MSTR, $MCD, $HOOD, $COIN stock on-chain with @b3xai
Soon, you can also build funds for stocks or a combination of stocks and crypto.
We will bring every single asset on-chain!
🚨 ALERT: Microsoft has discovered a new trojan, StilachiRAT, targeting cryptocurrency wallets in the Google Chrome browser.
The malware attacks 20 different extensions, including MetaMask, Coinbase Wallet, Trust Wallet, OKX Wallet, Bitget Wallet, Phantom, and more.