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How to Set Limits on Cryptocurrency Ownership: A Complete Guide


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Table of Contents

Introduction

Cryptocurrency and blockchain technology have revolutionized the way we think about finance and transactions. One of the key components of this technology is the use of smart contracts, which are self-executing contracts with the terms of the agreement directly written into code.

Setting limits on cryptocurrency ownership is an important aspect of managing and regulating the market. It ensures that individuals cannot accumulate an excessive amount of a particular cryptocurrency or token, which can lead to market manipulation and concentration of wealth.

One example of a smart contract that allows for setting limits on cryptocurrency ownership is discussed in the transcript. This contract enables the creator of a token to establish a maximum limit on the number of tokens that can be owned by an individual. For instance, if the limit is set at 100 tokens, a user will not be able to buy more than 100 tokens.

It is crucial to conduct thorough research before investing in any token. This includes understanding the technology behind the token, evaluating the project's potential, and assessing the associated risks and advantages. By conducting proper research, investors can make informed decisions and mitigate potential losses.

Understanding the Example Smart Contract

The previous version of the smart contract allowed for setting limits on cryptocurrency ownership in percentage terms. For example, a user could set a limit of 2%, meaning that they could not buy more than 2% of the total supply of tokens. This version provided a way to control the concentration of tokens and prevent market manipulation.

However, the newly developed version of the smart contract allows for setting limits in terms of token quantity. This means that the creator of a token can specify the maximum number of tokens that an individual can own. For instance, if the limit is set at 100 tokens, a user will not be able to buy more than 100 tokens.

This flexibility in setting token limits is important because it allows token creators to have more control over their token distribution. They can set specific limits that align with their project's goals and objectives. For example, they may want to limit the maximum number of tokens that one individual can own to prevent concentration of wealth.

The smart contract can be implemented in various Ethereum-like networks, such as Ethereum, Binance Smart Chain, Polygon, and Avalanche. The code can be tested and deployed on these networks, ensuring compatibility and functionality across different platforms.

Step-by-Step Guide to Implementing the Smart Contract

Implementing the smart contract discussed in the previous section is a straightforward process that can be done using the following steps:

  • Link to the GitHub repository containing the example smart contract
  • Instructions for deploying your own token using the smart contract
  • Guidance on adding liquidity and publishing the token
  • Explanation of the different files in the repository and their functions
  • Demonstration of how to modify and utilize the smart contract functions

To access the example smart contract and the instructions, you can visit the GitHub repository. The repository contains various smart contract examples, including the one discussed in this blog. You can find the link to the repository in the video description.

Once you have accessed the repository, you can follow the step-by-step instructions provided to deploy your own token using the smart contract. These instructions will guide you through the process of setting up your token and customizing the token limits according to your preferences.

After deploying your token, you can add liquidity to it and publish it on platforms like Uniswap. Adding liquidity ensures that there are enough tokens available for trading, and publishing the token makes it accessible to the public.

It is important to understand the different files in the repository and their functions. The repository provides a detailed explanation of each file, including how to implement various functions and modify them according to your needs.

Once you have deployed your token and familiarized yourself with the files in the repository, you can modify and utilize the smart contract functions. This includes setting token limits, specifying the maximum number of tokens an individual can own, and testing the functionality of the contract.

Remember to conduct thorough research and evaluate the risks and advantages of any token before investing. The example smart contract provided in the repository is a useful tool for setting limits on cryptocurrency ownership, but it is important to make informed decisions and mitigate potential losses.

Testing the Smart Contract on Uniswap

Now that we have implemented the smart contract for setting limits on cryptocurrency ownership, let's test it on Uniswap to see how it functions in a real-world scenario.

Instructions for Adding Liquidity on Uniswap

To test the smart contract, we need to add liquidity to the token on Uniswap. Here are the steps:

  1. Copy the smart contract address from the Remix IDE.
  2. Go to the Uniswap platform and select the "Add Liquidity" option.
  3. Choose the token you created and set the desired liquidity amount.
  4. Approve the transaction and wait for it to be confirmed.

Demonstration of Buying Tokens and Enforcement of Ownership Limits

Once liquidity is added, we can proceed to buy tokens and observe how the ownership limits are enforced. Let's follow these steps:

  1. Copy the smart contract address from the Remix IDE.
  2. Go to the Uniswap platform and select the "Swap" option.
  3. Paste the token address in the swap interface.
  4. Enter the desired token quantity to buy.
  5. If the quantity exceeds the ownership limit, the transaction will be rejected.
  6. If the quantity is within the limit, the transaction will be successful.

Explanation of How the Smart Contract Ignores Limits for Liquidity Addresses

It is important to note that the ownership limits set by the smart contract do not apply to liquidity addresses. Liquidity providers are exempt from these limits to ensure that the token remains tradeable. Liquidity addresses can add or remove tokens without being restricted by the ownership limits.

Demonstration of Selling Tokens and Proper Functioning of the Liquidity Limit

To further test the smart contract, let's try selling tokens and observe how the liquidity limit functions. Here's what you need to do:

  1. Copy the smart contract address from the Remix IDE.
  2. Go to the Uniswap platform and select the "Swap" option.
  3. Paste the token address in the swap interface.
  4. Enter the quantity of tokens you want to sell.
  5. If the quantity exceeds the liquidity limit, the transaction will be rejected.
  6. If the quantity is within the limit, the transaction will be successful.

By following these steps, you can test and observe how the smart contract effectively enforces ownership limits on token buyers while allowing liquidity providers to operate without restrictions. This functionality ensures a fair and controlled distribution of the token.

Adjusting and Disabling Limits

If you have implemented the smart contract discussed in the previous sections, you have the ability to adjust and disable token ownership limits. This section will guide you through the process of adjusting the limits and disabling them if necessary.

Guide on Adjusting Token Ownership Limits

To adjust the token ownership limits in the smart contract, you need to access the contract code and make changes to the relevant functions. Specifically, you will need to modify the function that sets the maximum number of tokens an individual can own.

For example, if you want to increase the limit from 100 tokens to 200 tokens, you would update the code accordingly. Once you have made the necessary changes, you will need to redeploy the smart contract for the updated limits to take effect.

Explanation of the Minimum Limit Requirement

When adjusting the token ownership limits, it is important to note the minimum limit requirement. The minimum limit is the lowest amount of tokens that can be set as the maximum for an individual's ownership.

For instance, if you set the minimum limit to 1,000 tokens, no user will be able to buy or own more than 1,000 tokens. It is crucial to choose the appropriate minimum limit based on your project's goals and objectives.

Demonstration of Disabling Ownership Limits

If you want to disable the ownership limits altogether, you can do so by setting the token limit to zero. This means that there will be no maximum limit on the number of tokens that an individual can own.

Disabling the ownership limits can be useful in certain scenarios, such as when you want to promote unrestricted trading and liquidity. However, it is important to carefully consider the implications of removing limits and ensure that it aligns with your project's objectives.

Importance of Monitoring and Managing the Smart Contract

Once you have adjusted or disabled the ownership limits, it is crucial to actively monitor and manage the smart contract. Regularly reviewing the contract's functionality and addressing any issues or updates will help ensure its smooth operation.

Additionally, it is important to stay informed about the latest developments in the cryptocurrency and blockchain space. Keeping up-to-date with industry trends and regulations will help you make informed decisions and adapt your smart contract as needed.

Expanding Your Knowledge

If you're interested in exploring more smart contract examples, I encourage you to visit the GitHub repository. The repository contains various smart contract examples that you can use as a reference or implement in your own projects. You can find the link to the repository in the video description.

Smart contracts have a wide range of functionalities beyond setting limits on cryptocurrency ownership. Depending on your project's goals and objectives, you can implement additional functionalities such as transaction fees, voting systems, or time-based restrictions. By exploring different smart contract examples and studying the code, you can gain a deeper understanding of the possibilities and potential applications of smart contracts.

If you're new to the concept of decimals in the context of smart contracts, I recommend watching a separate YouTube video that explains the concept in detail. Understanding decimals is important as it affects the precision and accuracy of token transfers, especially when dealing with fractional amounts.

To stay updated with the latest information and developments in the cryptocurrency and smart contract space, I invite you to join our Telegram channel. In the Telegram channel, you'll find valuable information, updates, and discussions about smart contracts, cryptocurrencies, and blockchain technology. It's a great platform to connect with like-minded individuals and expand your knowledge in this rapidly evolving field.

Conclusion

Setting limits on cryptocurrency ownership is an important aspect of managing and regulating the market. By implementing a smart contract that allows for setting limits, individuals can prevent excessive accumulation of a particular cryptocurrency or token, which can lead to market manipulation and concentration of wealth.

The example smart contract discussed in this blog provides a practical solution for setting limits on cryptocurrency ownership. By following the step-by-step guide provided, developers can easily implement this smart contract in their own projects and customize the token limits according to their preferences.

It is crucial to conduct thorough research and evaluation before investing in any token. Understanding the technology behind the token, assessing the project's potential, and evaluating the associated risks and advantages are key steps to making informed investment decisions.

To further expand your knowledge and explore more smart contract examples, you can visit the GitHub repository mentioned in this blog. The repository contains various smart contract examples that you can use as a reference or implement in your own projects.

If you found this blog helpful, please like and subscribe to our channel. By doing so, you can stay updated with the latest content and support us in creating more informative and useful resources.

Additionally, we invite you to join our Telegram channel. In the Telegram channel, you'll find ongoing support, valuable information, and learning opportunities related to smart contracts, cryptocurrencies, and blockchain technology. It's a great platform to connect with like-minded individuals and expand your knowledge in this rapidly evolving field.

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FAQ

Here are some frequently asked questions about setting limits on cryptocurrency ownership using smart contracts:

How can I modify the ownership limits in the smart contract?

To modify the ownership limits in the smart contract, you need to access the contract code and make changes to the relevant functions. Specifically, you will need to modify the function that sets the maximum number of tokens an individual can own. For example, if you want to increase the limit from 100 tokens to 200 tokens, you would update the code accordingly. After making the necessary changes, you will need to redeploy the smart contract for the updated limits to take effect.

What is the minimum limit requirement in the smart contract?

The minimum limit requirement is the lowest amount of tokens that can be set as the maximum for an individual's ownership. For example, if you set the minimum limit to 1,000 tokens, no user will be able to buy or own more than 1,000 tokens. It is important to choose the appropriate minimum limit based on your project's goals and objectives.

How can I disable ownership limits in the smart contract?

If you want to disable the ownership limits altogether, you can do so by setting the token limit to zero. This means that there will be no maximum limit on the number of tokens that an individual can own. Disabling the ownership limits can be useful in certain scenarios, such as when you want to promote unrestricted trading and liquidity. However, it is important to carefully consider the implications of removing limits and ensure that it aligns with your project's objectives.

Are the smart contracts compatible with other Ethereum-like networks?

Yes, the smart contracts discussed in this blog are compatible with various Ethereum-like networks, such as Ethereum, Binance Smart Chain, Polygon, and Avalanche. You can test and deploy the code on these networks, ensuring compatibility and functionality across different platforms.

Where can I find more smart contract examples and resources?

If you're interested in exploring more smart contract examples, you can visit the GitHub repository mentioned in this blog. The repository contains various smart contract examples that you can use as a reference or implement in your own projects. Additionally, the repository provides instructions for deploying your own token using the smart contract, adding liquidity, and publishing the token. By exploring different smart contract examples and studying the code, you can gain a deeper understanding of the possibilities and potential applications of smart contracts.

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      Table of Contents
      Introduction The Man in the Middle Attack The Evil Twin Attack Protecting Against Attacks WiFi Password Cracking Conclusion and Personal Experience FAQ Introduction
      Welcome to our blog on how hackers attack WiFi networks. In this blog, we will provide an overview of the topic and discuss the three levels of hackers: noob, hipster, and pro. We will set the scene at Bear Cave Coffee, a coffee shop in downtown Mesquite, Texas, where we will simulate the attacks. Before we begin, we want to emphasize that hacking is illegal and we do not condone any illegal activities. However, we encourage you to practice ethical hacking to enhance your cybersecurity skills.
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      Different approaches for noob, hipster, and pro hackers:
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      What is an evil twin attack?
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      Why is a strong WiFi password important?
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      Table of Contents
      Introduction Breakdown of Trades Understanding the System Applying the System Future Developments How to Participate Conclusion FAQ  
        Introduction
      Welcome to the world of live crypto trading! In this blog, we will provide an overview of the live crypto trading experience and explain the strategies we use, highlighting their profitability. Our goal is to revolutionize retail trading and empower traders like you to achieve success.
      During the past week, we have been actively trading and have made approximately $10,000 in profit between two trading accounts. This exceptional performance demonstrates the potential of our strategies to generate substantial returns. We have spent months gathering data, backtesting, and developing these strategies to ensure their effectiveness.
      By following our trades, you will have the opportunity to see the exact trade entries, exits, and the thought process behind each trade. We will also share the indicators we use on our charts so that you can start applying them to your own trading.
      Our trading system is designed to gradually take profits out of the market, allowing you to secure gains over time. We are constantly refining our system and working towards full automation to enhance the trading experience for our community.
      If you find this information helpful and want to stay updated on the latest trading and investing insights, we encourage you to like this blog, subscribe to our channel, and follow us on social media platforms such as Instagram, Discord, and TikTok. Join our amazing trading community and embark on a journey towards financial success.
      Breakdown of Trades
      Now let's take a detailed look at the breakdown of the trades discussed in the video.
      Detailed analysis of the first trade on Madic
      The first trade on Madic involved following a continuation of the trend. The trader used moving averages to confirm the trend and entered the trade just below the entry point. The price initially pushed up but was rejected at a certain level, indicating a potential reversal. The trader had multiple limit orders ready to fill their position as the price came down. The trade turned profitable when the price reversed slightly, and the trader was able to secure a profit of around $1,000.
      The indicators used in this trade were the trend line, support and resistance levels, and moving averages (20, 50, and 200 EMA). These indicators provided confirmation of the trend and potential trade setups.
      Explanation of the indicators and moving averages used
      The trend line helped identify the overall direction of the price movement, while support and resistance levels indicated key areas where the price might reverse. The moving averages (20, 50, and 200 EMA) acted as dynamic support and resistance levels, providing additional confirmation of the trend.
      The trader used the moving averages to identify potential entry points and take profit levels. When the price hit the moving averages and showed signs of reversal, it was an opportunity to enter the trade. The take profit levels were set based on previous support and resistance levels.
      Discussion of trend following and take profit levels
      The trading strategy used in these trades was trend following. The trader aimed to enter trades in the direction of the trend and take profit as the price continued in that direction. By following the trend, the trader was able to secure profits over time.
      Take profit levels were determined based on previous support and resistance levels, as well as the trader's analysis of the price action. These levels were set to secure gains and maximize profitability.
      Review of the second trade on LTC and its quick execution
      The second trade on LTC was executed quickly. The trader identified a range pattern and entered the trade when the price broke through the range. The trade was filled in just one candle and resulted in a profit of around $950.
      This trade demonstrated the importance of being aware of market volatility, especially when trading range patterns. The trader took advantage of the volatility during the New York trading session, which created a quick opportunity for profit.
      Overall, these trades showcased the profitability of the trading strategies used by the trader. The careful analysis of trends, indicators, and market conditions allowed for successful trades and significant profits.
      Understanding the System
      In order to fully grasp the live crypto trading experience and the strategies used, it is important to understand the system behind it. Here are some key points to help you understand the system:
      Explanation of Trend Analysis and Break of Structure
      Trend analysis is a crucial part of the trading system. Traders look for trends in the price movement of cryptocurrencies to identify potential trading opportunities. By analyzing trends, traders can determine the direction in which the price is likely to move and make informed trading decisions.
      One aspect of trend analysis is the "break of structure," which refers to a significant change in the price movement pattern. Traders pay close attention to breakouts or breakdowns of key levels of support or resistance, as they can indicate the start of a new trend or a reversal in the current trend.
      Analysis of the Impact of New York Session on Volatility
      The New York session, which opens at around 8:00 AM EST, often brings increased volatility to the crypto market. This is because the New York Stock Market has a significant influence on global markets, including cryptocurrencies. Traders need to be aware of this volatility and adjust their trading strategies accordingly.
      During the New York session, there may be sudden price movements or large price swings, which can create both opportunities and risks for traders. It is important to understand how to navigate this volatility and take advantage of potential trading opportunities that may arise during this time.
      Importance of Economic Events in Trading Decisions
      Economic events, such as interest rate decisions, inflation rates, and GDP growth rates, can have a significant impact on the crypto market. These events can affect the monetary policy of countries and, in turn, influence the stock market and crypto market.
      Traders need to stay informed about upcoming economic events and understand how they might impact the market. By keeping track of these events and analyzing their potential effects, traders can make more informed trading decisions and adjust their strategies accordingly.
      Insights into Risk Management and Win Rate
      Risk management is a crucial aspect of any trading system. Traders need to manage their risk by setting stop-loss orders and determining their risk tolerance. This involves carefully calculating position sizes and setting realistic profit targets.
      Win rate, which refers to the percentage of winning trades, is also an important factor to consider. A high win rate can contribute to overall profitability, but it is important to strike a balance between win rate and risk-reward ratio. Traders need to maintain a consistent win rate and ensure that their winning trades outweigh their losing trades.
      By understanding the system behind live crypto trading, including trend analysis, volatility during the New York session, the impact of economic events, and the importance of risk management and win rate, traders can make more informed trading decisions and increase their chances of success in the market.
      Applying the System
      Now that we have discussed the breakdown of the trades and the strategies used, let's explore how to apply this system to your own trading.
      Example trade on Ethereum and its execution
      One of the trades we executed was on Ethereum. We followed the trend and used moving averages as confirmation. By entering the trade just below the entry point, we were able to secure a profit of around $4,000 in just a few hours. The key here is to identify the trend, use the right indicators, and execute the trade at the right time.
      Dollar cost averaging and risk profile
      A key component of this system is dollar cost averaging (DCA). This strategy involves buying more shares or units as the price goes down, lowering the average cost of the investment. By gradually adding to losing positions, you reduce the risk profile of the trade. However, it is important to be meticulous and calculate position sizes to determine your risk tolerance.
      Explanation of gradual profit withdrawal strategy
      In order to take profits out of the system, a gradual profit withdrawal strategy can be implemented. By taking a fixed percentage of the profits on winning trades, you can gradually increase your profitability over time. For example, taking 25% of the profits on each winning trade allows for consistent growth while still maintaining a high win rate. This strategy is still being developed and refined, with the goal of potentially automating the process.
      Importance of discipline and attention to detail
      One of the most important aspects of successful trading is discipline and attention to detail. It is crucial to follow your trading system consistently and pay attention to the small details that can make a difference in your trades. Successful traders are meticulous in their approach and have a structured process that they follow rigorously.
      Remember, trading is not about finding a magical solution or relying on luck. It is about having a disciplined structure, refining your process, and paying attention to meticulous details. By understanding the system, applying dollar cost averaging, implementing a gradual profit withdrawal strategy, and maintaining discipline, you can increase your chances of success in the market.
      Future Developments
      As we continue to revolutionize retail trading, we have some exciting developments planned for 2024. Here's a teaser of what's to come:
      Full Automation: We are working towards achieving full automation in our trading system. This means that trades will be executed automatically based on pre-set criteria, eliminating the need for manual intervention. This will enhance the trading experience and make it more efficient for our community. Fixed Percentage Profit Withdrawals: We are currently developing a system that will allow for fixed percentage profit withdrawals. This means that traders will be able to take a predetermined percentage of their profits on winning trades. This strategy aims to gradually increase profitability over time while maintaining a high win rate. We believe that this approach will provide consistent growth for our traders. Free Trades in the Discord Community: Starting in 2024, we will be offering some of our trades for free in our Discord community. This will allow traders to participate in our trades and learn from our strategies without any financial commitment. It will be a great opportunity to experience live crypto trading and gain valuable insights. If you're interested in staying updated on these developments and joining our amazing trading community, we encourage you to join our Discord. In our Discord community, you'll have access to trade alerts, learning resources, and a supportive community of traders.
      We are excited about the future of retail trading and look forward to sharing these developments with you. Together, we can achieve financial success in the crypto market.
      How to Participate
      Are you interested in joining our live crypto trading community and participating in trade alerts? Here's how you can get involved:
      Explanation of the Discord community and trade alerts
      Join our Discord community to stay connected with us and receive trade alerts. We provide real-time updates on the trades we execute, including the exact entry and exit points, as well as the thought process behind each trade. This allows you to follow along and learn from our strategies.
      Access to trade ideas and participation in alerts
      Once you join our Discord community, you will have access to trade ideas and alerts in the public trading and analyst tab. We share the specific criteria for each trade, and you can participate by inputting the necessary information into the provided tools. However, please note that this information is for educational purposes only and should not be considered financial advice.
      Disclaimer about the information not being financial advice
      It's important to understand that the trade alerts and information we provide are not financial advice. We are sharing our strategies and trades for educational purposes and to help you learn from our experiences. It's crucial to conduct your own research, consider your risk tolerance, and make informed trading decisions.
      Promotion of other learning resources and community support
      In addition to trade alerts, our Discord community offers a wealth of learning resources and a supportive environment. You can find valuable tools, such as the TCL Max, and access other free learning materials. Engage with the community, ask questions, and learn from experienced traders to enhance your trading skills.
      By participating in our community and utilizing the resources available, you can gain insights into live crypto trading, learn from our strategies, and improve your trading abilities. Remember, trading requires discipline, attention to detail, and constant learning. Take advantage of our community and embark on a journey towards financial success.
      Conclusion
      In conclusion, the live crypto trading experience has demonstrated the effectiveness of our strategies and the potential for substantial profits. Through careful analysis, trend following, and strategic entry and exit points, we were able to achieve a 100% win rate and generate significant returns.
      We encourage you to engage in the comments section to share your thoughts, ask questions, and learn from our experiences. Our trading community is filled with knowledgeable individuals who can provide valuable insights and support.
      We want to express our gratitude to all our viewers and subscribers for their continued support. Your engagement and participation inspire us to continue sharing our trading strategies and insights.
      If you found this blog helpful and informative, we invite you to watch our next video for more live crypto trading and strategies. Stay updated on the latest trading and investing insights by subscribing to our channel and following us on social media.
      Join us in revolutionizing retail trading and embark on a journey towards financial success in the crypto market. Together, we can achieve great things.
      FAQ
      Answers to frequently asked questions about the trading system
      What is the win rate of the trading system? The win rate of the trading system is currently 100% for the trades discussed in this video. However, it's important to note that win rates can vary and it's crucial to maintain a high win rate in order to be profitable in the long run. What is dollar cost averaging (DCA) and how does it work? Dollar cost averaging is a strategy that involves buying more shares or units as the price goes down, lowering the average cost of the investment. This strategy allows traders to gradually add to losing positions and reduce the risk profile of the trade. By gradually adding to positions, traders can lower the price at which the instrument needs to reach in order to make a profit. What is the gradual profit withdrawal strategy? The gradual profit withdrawal strategy involves taking a fixed percentage of the profits on winning trades. For example, taking 25% of the profits on each winning trade allows for consistent growth while maintaining a high win rate. This strategy aims to gradually increase profitability over time. Explanation of key concepts and strategies
      What is trend analysis and how does it work? Trend analysis is an important part of the trading system. Traders analyze trends in the price movement of cryptocurrencies to identify potential trading opportunities. By analyzing trends, traders can determine the direction in which the price is likely to move and make informed trading decisions. What is the impact of the New York session on volatility? The New York session, which opens at around 8:00 AM EST, often brings increased volatility to the crypto market. This is because the New York Stock Market has a significant influence on global markets, including cryptocurrencies. Traders need to be aware of this volatility and adjust their trading strategies accordingly. What is the importance of economic events in trading decisions? Economic events, such as interest rate decisions and GDP growth rates, can have a significant impact on the crypto market. Traders need to stay informed about upcoming economic events and understand how they might influence the market. By analyzing the potential effects of these events, traders can make more informed trading decisions. What is risk management and why is it important? Risk management is a crucial aspect of any trading system. Traders need to manage their risk by setting stop-loss orders and determining their risk tolerance. By carefully calculating position sizes and setting realistic profit targets, traders can minimize potential losses and protect their capital. Tips for beginners and managing risk
      What tips do you have for beginners in live crypto trading? For beginners in live crypto trading, it is important to start with a disciplined structure and follow a well-defined trading system. Pay attention to the small details and constantly refine your process. It is also crucial to manage risk by setting appropriate stop-loss orders and determining your risk tolerance. How can traders manage risk in their trades? Traders can manage risk by setting stop-loss orders to limit potential losses. It is important to calculate position sizes based on risk tolerance and set realistic profit targets. By maintaining a consistent win rate and ensuring that winning trades outweigh losing trades, traders can effectively manage risk and increase their chances of success. Resources for further learning and development
      What resources are available for further learning about live crypto trading? In addition to the information shared in this video, there are several resources available for further learning about live crypto trading. Joining the Discord community mentioned in the video provides access to trade alerts, learning resources, and a supportive community of traders. Engaging with the community, asking questions, and learning from experienced traders can greatly enhance trading skills. Where can traders find additional learning materials and tools? Traders can find additional learning materials and tools within the Discord community. The community offers a wealth of resources, including the TCL Max tool, which can assist with trade ideas. Taking advantage of these resources and engaging with the community can help traders improve their trading abilities.
         1 comment
      So, this little article is sparked by a ton of questions about how invites work in channels. Today, we're diving into all the possible answers to that question.
      How do you invite more than 200 initial users to a channel?
      YOU CAN'T, LIKE, AT ALL!!! Well, that's pretty much the gist of it...
      Okay, technically you can't do it now, but there used to be this thing where you could ban and unban users to boost numbers. That bug's long gone, though.
      BUT! What if you find yourself in a channel with over 200 members without subscribing? Let's look at how you might have ended up there:
      You were invited before the channel hit 200 members, then they just cranked up the numbers. You clicked to join a channel that requires approval. The thing is, you can sit in the approval queue for weeks, and then they'll just approve everyone at once. Some channels even sell this service separately. The channel you were subscribed to got taken over and flooded with new posts. So those are the ways you might end up in random channels. As you can see, no magic involved.
      As for known bugs in channel adds, there's no data or mentions of any. All investigations have consistently pointed to these three scenarios
         2 comments
      Understanding Malware-as-a-Service (MaaS) Information Stealers
      The Malware-as-a-Service (MaaS) model offers aspiring cybercriminals a cost-effective and relatively simple means to execute advanced cyber attacks and achieve their malicious objectives. Among these services are information stealers, which focus on extracting and exfiltrating sensitive data—such as login credentials and financial details—from compromised devices, potentially causing significant financial damage to both individuals and organizations.
      What is the Lumma Information Stealer?
      The Lumma information stealer, which has been marketed and sold on various dark web forums since 2022, exemplifies this type of MaaS. Lumma specifically targets cryptocurrency wallets, browser extensions, and two-factor authentication (2FA) mechanisms, ultimately siphoning sensitive information from infected systems. The distribution of Lumma on dark web platforms is increasing, with over a dozen command-and-control (C2) servers detected in the wild.
      From January to April 2023, Darktrace monitored and analyzed several instances of Lumma activity across its client base. Leveraging its anomaly-based threat detection, Darktrace DETECT™ effectively identifies and provides insight into activities related to such info-stealers, from C2 operations to the exfiltration of sensitive data.
      Background on Lumma Stealer
      Previously known as LummaC2, the Lumma stealer is a subscription-based information theft tool that has been active since 2022. It is believed to have been created by the threat actor “Shamel,” using the alias “Lumma.” The stealer is marketed on dark web forums and through a Telegram channel with over a thousand subscribers as of May 2023. It is also available on Lumma’s official sales page for as low as $250.

      Emergence of Lumma Stealer in the Russian Market
      Research into the Russian market for stolen credentials has identified Lumma stealer as a notable emerging threat since early 2023. Lumma has joined the ranks of rising info-stealers, alongside other threats like Vidar and Racoon [1].
      Like other info-stealers, Lumma can extract data from compromised systems, including system and application information, as well as sensitive data such as cookies, usernames, passwords, credit card numbers, browsing history, and cryptocurrency wallet details.
      From January to April 2023, Darktrace observed Lumma malware activity across multiple customer environments, primarily in the EMEA region but also in the US. This activity involved data exfiltration to external endpoints associated with Lumma malware, likely originating from trojanized software downloads or malicious emails containing Lumma payloads.
      Lumma Attack Methods and Darktrace Detection
      Lumma is often distributed disguised as cracked or fake versions of popular software like VLC or ChatGPT. More recently, threat actors have also used emails with attachments or links pretending to be from well-known companies to deliver the malware. For instance, in February 2023, a South Korean streamer was targeted by a spear-phishing email that mimicked the video game company Bandai Namco [4].
      Lumma primarily targets Windows operating systems (Windows 7 to 11) and at least ten different browsers, including Google Chrome, Microsoft Edge, and Mozilla Firefox [5]. It also targets cryptocurrency wallets such as Binance and Ethereum, as well as crypto wallet and 2FA browser extensions like Metamask and Authenticator [6]. Additionally, the malware can exfiltrate data from applications like AnyDesk and KeePass [7].
      Infection with Lumma can lead to fraudulent use of the stolen credentials, potentially resulting in significant financial losses, such as bank account hijacking.
      Once the targeted data is captured, it is exfiltrated to a C2 server. Darktrace has detected this process in multiple affected environments. Through Darktrace DETECT, instances of data exfiltration via HTTP POST requests to known Lumma C2 servers were identified. During these connections, DETECT frequently noted the URI “/c2sock” and the user agent “TeslaBrowser/5.5”.
      In one case, Darktrace flagged a device using the “TeslaBrowser/5.5” user agent, which was new for the device, making an HTTP POST request to an unusual IP address, 82.117.255[.]127 (Figure 3). Darktrace’s Self-Learning AI recognized this as a deviation from expected behavior and alerted the customer’s security team.

       
      A detailed analysis of the packet captures (PCAP) from HTTP POST requests on one device confirmed that various types of data were being exfiltrated from the customer's network. This included browser data, such as Google Chrome history files, system information stored in a System.txt file, and program data like AnyDesk configuration files.
       


      Additionally, Darktrace identified malicious external connections on a particular device that were associated with other malware strains, such as Laplas Clipper, Raccoon Stealer, Vidar, and RedLine info-stealers, alongside the Lumma C2 connections. These info-stealers are commonly offered as Malware-as-a-Service (MaaS) and can be purchased and deployed by even relatively inexperienced threat actors. It is also likely that the developers of these info-stealers are working to integrate their malware into the activities of traffer teams [8], organized cybercrime groups specializing in credential theft.
      Conclusion
      Reflecting the broader trend of increasing information stealers in the cyber threat landscape, Lumma stealer remains a significant threat to both organizations and individuals.
      As another example of MaaS, Lumma is easily accessible for threat actors, regardless of their expertise, which is likely to lead to a rise in incidents. Consequently, it is crucial for organizations to implement security measures that can detect unusual behavior indicative of an info-stealer compromise, rather than relying solely on static indicators of compromise (IoCs).
      Darktrace DETECT’s anomaly-based detection capabilities have successfully uncovered Lumma infections across various customer environments, regions, and industries. By identifying unusual connections to C2 infrastructure and the exfiltration of data, Darktrace provided comprehensive visibility into Lumma infections, enabling affected customers to pinpoint compromised devices, mitigate further data loss, and reduce the risk of substantial financial damage
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