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Showing posts from May, 2023

There will be another bull run

The halving creates a miraculous time of tremendous opportunity, one which theoretically will reach exhaustion at some point. Many people are convinced that 2025 is the year that the bullruns stop. They argue that there won't be enough of an impact from the halving. I would argue that barring outright economic collapse there will be another bull run, just like there was in 2013, 2017 and 2021. Let's look at some numbers: Pre-halving: 6.25 BTC mined per block. 900/day 900 x $27,500 = $24,750,000 44M unique addresses (26M more than 2020) and 250,000 confirmed transactions daily https://explodingtopics.com/blog/blockchain-stats "The Chinese are coming" (and I'm sure the "Saudis are (still) buying"). The impact of this cannot be underestimated. Maybe it takes a while to kick in and I'm sure they'll ban it again soon enough, but it will have an effect. Plus, the halving creates hype and brings other new users. When BTC touches $50K again, ...

From Beijing to Tokyo, Asian nations get active in crypto regulation: Law Decoded, May 22–29

Lawmakers in Japan have decided to enforce stricter Anti-Money Laundering measures starting June 1 to trace cryptocurrency transactions. http://dlvr.it/SprWnL

How Bitcoin Can Preserve The Life Savings Of Refugees

Bitcoin’s unique properties make it the best way to preserve wealth in a time of crisis. But there are some things to keep in mind to prepare. http://dlvr.it/SpnmvK

Tax Attacks Won’t Kill Bitcoin: Regulators Must Learn To Accept New Technology

Calling Bitcoiners “tax evaders” or imposing arbitrary tariffs can’t stop the inevitable progression of technology. http://dlvr.it/SplQXh

Crypto CEO falls victim to latest Twitter hack

submitted by /u/Dull_Tough_7149 [link] [comments] http://dlvr.it/Spj7rt

Daily General Discussion - May 26, 2023 (GMT+0)

Welcome to the Daily General Discussion thread. Please read the disclaimer and rules before participating. ---   Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here. Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick sc...

All these "top" analysts predicting prices are selling snake oil and should never be listened to.

We have all seen those articles haven't we, ​ "Top analyst predicts X coin is about to pump" and these articles just keep on coming because if you throw enough shit at wall, something will stick. (Cough cough plan B cough..) Also if someone actually knew what's going to happen why will they tell you? They will rather sell everything they own , max out their cards and will take their positions and get rich or will go and sell that info to the richest firms and take a share in the profits. Maybe not in top coins but for smaller coins they are also an attempt at pump and dump. They are nothing more than an attempt to grab a few clicks and drive some traffic to the site , And should be ignored as much as possible, and certainly don't take any positions based on them.. submitted by /u/throwaway23110504 [link] [comments] http://dlvr.it/Spb5l2

Ethereum price is pinned below $1.9K, and data suggests that is unlikely to change in the short–term

3 key indicators are behind the prolonged bearish trend in Ether, and data fails to identify an immediate catalyst for a price breakout. http://dlvr.it/SpWwx3

Dispersion Capital launches $40M venture fund to ‘bring Web3 to the masses’

The firm aims to fund startups building infrastructure for Web3 and other decentralized technology projects. http://dlvr.it/SpWwnZ

The new FTX CEO confirmed FTX 2.0 on court documents

There were rumours that FTX could undergo a relaunch somewhere down the line after the initial smoke had cleared, there were alot of assets and proprietary infra that could make the business viable (of course would likely need a rebrand) and that seems to be the long term vision. Some recently published court documents on kroll outline the monthly activities done by the firm and on page 16 it says: Review and finalize 2.0 reboot of exchange material for distribution Because they’re so deep in the whole, id imagine it would be structured somewhat similar to Celsius where private equity/VCs would get an opportunity to get a piece and then creditors would be issued token shares on account of liquidity shortfalls. Obviously this would be incredibly scandalous and regulatory approval would be even more rigorous than usual because of the high profile, but its good to see that theres an end goal rather than a straight up liquidation. submitted by /u/marsangelo [link] [comments]...

Stalking a Scammer: 21 Rugpulls in 5 Days and Counting.

Follow up to my first post on this subject: https://www.reddit.com/r/CryptoCurrency/comments/13kiyqv/im_stalking_a_scammer_and_have_watched_them/?utm_source=share&utm_medium=web2x&context=3 First I would like to give a huge thank you to u/TerraceTower for answering my primary question from the previous post: the second "approve coin" I was asked to sign but wasn't charged gas for was in reality a way for the scammer to blacklist any address that swapped for the scam coin - making it impossible to swap back. Brief rundown: I use dextools to find new trading pair contracts. When I'm frisky I make a gamble on a random, new shitcoin. Extremely high scam rate. 5 days ago I bought a coin that rugged minutes later. I angrily and stupidly followed the scammers address and bought the very next coin they bought. This also rugged, turned out by the exact same person. I got genuinely curious at this point and followed them back to their origin wallet. I discovered tha...

Crypto pyramid scheme?

I have now seen a couple of people on Facebook posting success stories of people they have helped get out of debt via crypto currency, and feels like get rich quick scam. All the posts are all a similar narrative… “Using my platform, I helped (insert name) cash in on $164k in profits to that used towards debt” There are screenshots of message exchanges that references their platform (but don’t say what the platform is), mining sessions, they reference the blockchain, and mention needing to put a request in to withdraw funds. Before all the success posts one person posted that earned a cryptocurrency consortium certificate. I say “get rich quick scam” because if this person was able to help people produce these alleged amounts of money why wouldn’t they themselves just do the program as a means of income. Myself by no means am an expert, but I am pretty familiar with multiple cryptos currencies or at least how they are created, can be traded, or used as currency. But has anyone...

Bitcoin Ordinals' total mintage fees increase 700% from April: Report

The total number of Bitcoin Ordinals has surpassed 8 million since its inception in January. http://dlvr.it/SpMjCl

Bitcoin production growth and capital strategy guiding Marathon Digital: CEO

In an exclusive interview with Cointelegraph at the Bitcoin Conference, Marathon Digital CEO Fred Thiel spoke about the mining company’s response to the bear market. http://dlvr.it/SpKchn

Bitcoin Lightning Company Lightspark Introduces Lightspark Wallet SDK

The SDK is designed to offer businesses and platforms an easily accessible Lightning wallet experience. http://dlvr.it/SpGnpC

Relai Introduces Monthly Zero-Fee Bitcoin Purchases

Users of the Swiss Bitcoin app can now take advantage of one zero-fee bitcoin purchase up to 100 CHF/EUR monthly. http://dlvr.it/SpCrV5

What Does Nigeria’s Blockchain-Friendly Regulatory Change Mean For Bitcoin Adoption?

Formal approval for blockchain technology in Nigeria marks an about-face for the government and it could increase Bitcoin adoption. http://dlvr.it/Sp8r5L

As The U.S. Faces Default On $31 Trillion Debt, The Case For Bitcoin Grows Stronger

With U.S. politicians quibbling over the debt ceiling, will more people recognize the benefits of Bitcoin? http://dlvr.it/Sp5qcB

The 2024 Presidential Election Could Make Or Break Bitcoin In The U.S.

2024 is shaping up to be a pivotal year for Bitcoin and the U.S. That’s why it’s time for a generational change in leadership. http://dlvr.it/Sp2yHR

Cardano Surges with Over 457 Million Social Engagements in the Last Seven Days

submitted by /u/ThriceTheGreat [link] [comments] http://dlvr.it/Sp0yK7

BitDAO proposes to replace BIT token in branding revamp

After community approval, BIT holders will undergo a token-conversion process for the new Mantle token. Governance and treasury management will remain unchanged. http://dlvr.it/SnyyVx

US House financial committee tells SEC they don’t like custody proposal

The letter criticizes the proposed rule for its impact on the banking industry, particularly in ways that would be disadvantageous to the digital asset industry. http://dlvr.it/SnwFFM

[Cointelegraph] IRS claiming $44B from FTX bankruptcy: Report

submitted by /u/ZetaDefender [link] [comments] http://dlvr.it/SnsKkH

MakerDAO launches Spark Protocol, a new DeFi lending solution for DAI users

The initial iteration of the Spark Protocol will function as a lending platform, offering supply and borrow functionalities for cryptocurrencies ETH, stETH, DAI and sDAI. http://dlvr.it/SnlQCM

The Ethereum Foundation just sold $30M in Ether — But will ETH price fall this time?

Ethereum Foundation’s previous big sale of ETH preceded a bear market, but there’s little evidence that such sales affect the general market trend. http://dlvr.it/SnhYgZ

Orange-Pilling Secrets From An Ad Copywriter

A former professional ad copywriter reveals his secrets for how to make Bitcoin irresistible in the mind of precoiners. http://dlvr.it/SnfT4c

The Business Case For Implementing Bitcoin’s Lightning Network

While still a relatively-new technology, the Bitcoin Lightning Network offers distinct advantages for a wide range of business operations. http://dlvr.it/SncRy8

Justin Sun’s SUI-farming sins, PEPE’s wild run, 3AC’s oyster philosophy: Asia Express

CZ calls out Justin Sun for farming SUI at the expense of the little guys, “useless” PEPE up 20x, new 3AC venture in hot water in Dubai. http://dlvr.it/SnYlnJ

Montana governor signs pro-cryptocurrency mining bill into law

The legislation includes revisions to laws aimed at prohibiting discriminatory electrical rates for mining firms and not allowing taxation for crypto used as a method of payment. http://dlvr.it/SnYlgr

Jury convicts former OpenSea manager in NFT-insider trading case

Prosecutors claimed Nathaniel Chastain profited from inside information about which NFTs would be featured on the marketplace. http://dlvr.it/SnVs6p

Who Benefits From The New York Times’ Attacks On Bitcoin?

A recent editorial attack on Bitcoin mining by The New York Times raises questions about its journalistic integrity and editorial process. http://dlvr.it/SnRvQ8

Ordinals Are An Attack On El Salvador’s Bitcoin Mission

Support for a government-supported Ordinal collection from El Salvador demonstrates misunderstanding of what Bitcoin is really for. http://dlvr.it/SnNxmx

The Fall Of Bitcoin In The Central African Republic: Why This Legal Tender Experiment Failed

Just a year after making bitcoin legal tender, the Central African Republic (CAR) abandoned its plans to revitalize its country. Why? http://dlvr.it/SnLK7V