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submitted by /u/Westernworld1 [link] [comments] |
source https://www.reddit.com/r/btc/comments/uz7c2q/the_only_chart_that_matters_for_crypto_right_now/
Saturday, 28 May 2022
The only Chart that matters for Crypto right now
source https://www.reddit.com/r/btc/comments/uz7c2q/the_only_chart_that_matters_for_crypto_right_now/
Shiba Inu Expands Into Flight and Hotel Bookings
A crypto coin, that many labeled as a “meme currency”, may soon become part of the future of traveling worldwide. In a recent announcement, the Shiba Inu coin stated that you can now use SHIB (Shiba Token) to book flights and hotels globally. Using SHIB in the traveling industry can be seen as another milestone showing just how far the cryptocurrency industry has come in recent years.
Decentralized Online Booking platform XcelTrip announced that they had bagged a partnership with Shiba Inu on their official website. The travel agency will now act as an intermediary with ...
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2022's Crypto Adoption Overview - Crypto Bank, Crypto Cashback Programs, And The First Country To Accept Bitcoin
The following analysis takes a look at the facts, the big players, and how crypto has been received in various financial ecosystems across the globe: Crypto Adoption Is Here. The Financial Revolution Is Well On Its Way
According to studies, there will be widespread mainstream adoption of crypto within the next decade. The results are backed by the fact that 75% of retail investors and 88% of institutional investors believed this outlook to be true. A further 80% of institutional investors believe that cryptocurrencies will overtake traditional investment vehicles.
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source https://www.reddit.com/r/btc/comments/uz4zan/2022s_crypto_adoption_overview_crypto_bank_crypto/
Ether Accounts for About Half of $520M Liquidations Amid Weak On-Chain Data
In the past 24 hours, Bitcoin (BTC) and Ethereum (ETH) have lost key levels of support due to weakening sentiment for the crypto market at large. As of such, over $520 million of cryptocurrency has been liquidated. This comes in tandem with a massive bearish run that saw traders of ETH futures experience liquidations nearly double those of BTC, in an unusual market trend. This data was shown in a recent liquidation data from Coinglass.
ETH-tracked futures lost more than $236 million, nearly twice the $125 million lost on bitcoin futures. What is unusual is that ...
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Friday, 27 May 2022
Brazil’s Citizens Will Pay Tax on Cryptocurrency Related Revenue.
Citizens of Brazil are now required to pay tax on any cryptocurrency-related activities and revenue, as announced by the Federal Revenue of Brazil (RFB). This new law means that every cryptocurrency-related activity like NFT flipping, remittance, and trading activities are taxable, with some exceptions.
However, the enforcement is a bit confusing and surprising to see as, currently, no cryptocurrency exchange supports the Brazilian Real, which is the national currency of Brazil.
In a memo published in the Diario Oficial da Uniao, which is the official journal of the Federal Revenue of Brazil, the outcome ...
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Why is Bitcoin SO Important
One thing, CBDCs.
03/Jan/2009 Chancellor on brink of second bailout for banks
The Emergencies Act in Canada earlier this year escalated into the Canadian government's mobilization of the banks against their own citizens. They targeted individuals bank account's involved in the protesting or the funding of the protestors and froze their bank accounts without warning. Scary.
Satoshi created Bitcoin as a means for people to opt for something better, more secure, more valuable, and censorship resistant. The last few years couldn't be more of a clear example for people to realize that Bitcoin truly brings power back to the individual.
Read a full update on CBDC developments I found here
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Mastercard Aims to Expand More Into Cryptocurrency Despite Recent Market Meltdown
The cryptocurrency market has taken a downturn in recent weeks. Bitcoin, the bellwether for the crypto market, hit a 52-week low last week, a slump not seen since December 2020, and with it, the rest of the altcoins. Mastercard was not deterred from expanding more into the cryptocurrency space, despite the recent market volatility linked to several factors. Regardless of this current crypto crisis, enterprising executives and investors are optimistic about the cryptocurrency industry's long-term potential.
Mastercard has capitalized on this market condition by making strategic partnerships with crypto platforms to make the best of this ...
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How to stack more SATs? staking, yield blah blah
I have seen many people asking how to increase your sats? And they are trying to go through this staking, yield path. I fell staking is a "scam" in its very nature and is almost as legacy bonds with government. And we are seeing how it is turning out for us. So much misery around all of us.
The way I see you can get more SATS is: By selling your expertise or service that you are good at.
That's how you will store your value of your time and effort at that very moment, for future utility.
You want more btc, scale up your personal skills, learn new things and sell them for more btc.
According to me this should be mindset.
I draw these conclusions from what I have seen in gold:
You want more gold, sell your skills for gold. It was being done for centuries.
No one paid out gold for storing your gold as far as I know.
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US Senator Cruz 'Incredibly Bullish' on Bitcoin — Says 'I Have a Weekly Buy. Will Bitcoin's Value Grow Exponentially in Coming years.
At the Heritage Foundation's Bitcoin and the American Experiment event on Monday, Senator Ted Cruz (R-TX) discussed bitcoin. He began by saying: I have to confess, when it comes to bitcoin, and crypto in general, I am really enthusiastic.
"I believe it is changing the world now, and will continue to do so in the future," he predicted. He then went on to discuss the numerous reasons why people are drawn to bitcoin. To begin with, many people are utilizing it as an inflation hedge. Second, he continued, "there's also an appeal of speed, the capacity to conduct a financial transaction anywhere in the world in an immediate, nearly costless" manner.
"And then there's the benefit of liberty," he continued. There isn't a single person in command. Government decision-makers are terrified by this." Cruz made the following remark in response to reports that communist China and US Senator Elizabeth Warren intend to regulate currencies:
For individuals who want control over their money, uncontrolled, decentralized currency is unsettling.
Cruz revealed his own cryptocurrency stakes, saying, "I'm a bitcoin investor." "I've put my own money into bitcoin." The senator went on to say: Because I believe in dollar-cost averaging, I have a weekly buy that is an automatic purchase of bitcoin every week.
In my opinion Bitcoin Value would increase in coming years. I don't think anyone can accurately predict when Bitcoin's value would rise or fall but one thing for sure is that Bitcoin's market cap, it's decentralized nature and it's security makes it a great store of value. Thus it will over time increase in value as more people adopt it's use. Also Bitcoin in it's wake paved the way for a thriving crypto ecosystem thereby creating a self sustaining market.
The blockchain ecosystem is experiencing tremendous growth by facilitating the development of innovative projects in it's ecosystem that could reorganize how diverse industries operate such as Silks a blockchain-based metaverse that enables users to own, trade, and profit from thoroughbred racing horses, Shiryo is a P2E Card trading game in the metaverse that allows users to hold their cards as NFTsbased on the Ethereum network, Sandbox is like the metaverse-equivalent of MineCraft in terms of its design and functionality. It like a real estate on the metaverse, Decentraland an online world that allows users to create their own avatars and purchase plots of virtual land. I think that as more industries adopt the use of Blockchain technology so will the value of Bitcoin and it's alternatives increase.
I think that Bitcoin could potentially become the Global standard for monetary transaction of value as more people adopt it's use and it's value increases.
News Source: https://news.bitcoin.com/us-senator-cruz-incredibly-bullish-on-bitcoin-says-i-have-a-weekly-buy/
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source https://www.reddit.com/r/btc/comments/uyeiid/us_senator_cruz_incredibly_bullish_on_bitcoin/
Blockstream Proposes a Whole New Type of Multisig Called ROAST
Security has always been of utmost priority in the crypto space. To reinforce security, multisig or multisignature is the widely accepted standard in crypto. Multisig refers to a method of transaction in which two or more signatures are required to sign off before the transaction can be executed. Rather than a single signature, multisig requires multiple keys to authorize a transaction.
In a bid to further improve security and avoid problems of transaction failures, the research unit of Bitcoin (BTC)-focused blockchain tech firm, Blockstream has published a proposal for a new type of multisignature. This multisignature ...
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Thursday, 26 May 2022
The Largest Crypto Conference in TLV
Thanks to Covid-19 slowly declining, we are gradually able to resume the life we once all knew and loved, which in my case is physical conferences. Don't get me wrong, I did enjoy the virtual conferences, but just not as much. One of the conferences I most looked forward to in these past couple of months has to be the 2022 Israel Crypto Conference taking place on May 23-25, 2022, in TLV based in a hybrid format- which I, like many others, believe is the best of both worlds. We can expect to see over 800 guests attending the event physically, with over 2000 local and international partners joining via live stream.
As the crypto market grows and develops, we can see its impact on our everyday lives. Those searching for a more passive investment avenue can utilize Cefi or centralized platforms, making cryptocurrency more accessible to those who are either new to the world of decentralized coins or just aren't interested in following the value of their coins full time. Furthermore, motivated entrepreneurs worldwide are bursting with ideas on how to capitalize and develop what is quickly becoming a new virtual universe. Cryptocurrency gives rise to new digital architectures such as NFTs.
With that said, the ICC (Israel Crypto Community) is sponsoring what will be known as the largest crypto event in the country and provides a platform for panels, presentations, and workshops from many influential players in the industry. The conference will be a unique opportunity to see the landscape of Israeli and international crypto, from the significant players to newer startups with disruptive ideas.
The following event brings together enthusiasts, builders, experts, and leaders to discuss and collaborate on different topics, such as Defi, crypto regulations challenges, cyber security, NFT, etc. Additionally, there are representatives from various startups, some well-known companies, and investors and venture capitalists participating in panels and networking events.
One of the event's co-sponsors happens to be Oobit, a financial services and blockchain technology provider, enabling fast, free and seamless payments between individuals and businesses. They recently launched their payment app, which strives to accelerate crypto adoption significantly. Furthermore, the company is currently negotiating with leading CEXs to list their utility token, $OBT, and is expecting an official listing in the upcoming months. They might not be participating in the event this year, but we can expect to see them build and develop connections with their blockchain peers throughout the conference.
Based on everything mentioned herein, we can expect to hear great feedback from the Israel Crypto Conference, coming to an end today. On a personal note, I can say that after tuning in to a few very memorable panels, my love for the crypto industry has only grown, and I can only expect that the Israel Crypto Conference will become an annual event. As for Oobit, you may ask? Well, I truly believe that by next year, they will co-sponsor the event and take part in it, thanks to their recently launched payment app.
[link] [comments]
source https://www.reddit.com/r/btc/comments/uxou6q/the_largest_crypto_conference_in_tlv/
Wednesday, 25 May 2022
Dear WEF, BIS, IMF, World Bank: This is how you stop Bitcoin....
Get 21 million of your rich friends to buy 1 full bitcoin and promise to never sell even 1 satoshi.
Bitcoin will stop trading. Game over.
You are welcome.
Start your printing presses....
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Is "faith in the coin" the #1 thing which keeps 99.999% of coins alive and which prevents them from crashing to zero? 🤔
I just watched this video by ColdFusion and the "takeaway" is that no matter how useful, great, or purposeful a coin is -- that all it takes is a lack of faith to bring its value down to zero. Is this absolutely true in all cases? If not, is there a single coin out there that has value even though virtually everyone has no faith in it?
This seems like it could be very exploitable to social engineering attacks by shorting the coin then shilling tons and tons of FUD against the coin and hope it enters a death spiral.
TL;DR: Is "faith in the coin" the #1 thing which keeps 99.999% of coins alive and which prevents them from crashing to zero? 🤔
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source https://www.reddit.com/r/btc/comments/uwzhci/is_faith_in_the_coin_the_1_thing_which_keeps/
Tuesday, 24 May 2022
Should Proof-Of-Work Blockchain Networks still be Acceptable Due to Its Huge Environmental Impact?
With the desire to eliminate centralization in transactions, came the Proof-Of-Work validation mechanism in Blockchain technology; thereby allowing users to validate Cryptocurrency transactions by solving a complicated mathematical problem. This consensus method which is used by Bitcoin and Ethereum has however become a major concern for environmentalists due to the huge amount of energy that mining with computers consume… and this means more carbon being released into the climate
According to https://www.businessinsider.com/personal-finance/cryptocurrency-environmental-impact?amp
In the US, Bitcoin mining creates an estimated 40 billion pounds of Carbon emissions while proof of work mining which requires a lot of computing power uses amounts of electricity capable of powering countries. Although Ethereum has announced that it plans to transition to environmentally-friendly proof-of-stake mechanism, a validation mechanism which is already being used by the likes of BNBChain and Zetrix Blockchain networks, Cointelegraph however reported that
Bitcoin may not be making this switch to proof-of-stake anytime in the near future.
Although Proof-Of-Work is touted by some as the most reliable method of reaching consensus on Blockchain as it ensures absolute decentralization while removing intermediaries, the far less carbon footprint from Proof-of-stake models such Zetrix, Solana, BNBchain and many others cannot be shoved aside . In view of these environmental concerns, should Proof-of-work models still be embraced seeing that Blockchain adoption is becoming increased by the day?
[link] [comments]
source https://www.reddit.com/r/btc/comments/uw892b/should_proofofwork_blockchain_networks_still_be/
Are we using bitcoin the wrong way?
I am fairly new to crypto (bitcoin) and all I keep hearing is “bitcoin is the future of money” but actually, currently, it may not be.
Since all I read/see around is everyone trying to hodl or buy the dip, or sell, and bulls and bears.
But does anyone really uses it like money? Apart from El Salvador people, do you go get a coffee and pay with your bitcoins? Or is it a mentality that someday you will regret since what you payed for that coffee is now worth millions or whatever.
I understand that everything began with a pizza, and yes, with current value, that was an expensive pizza, but it was what started the wheel.
Do we use bitcoin in everyday transactions (bills, goods, taxes, etc) or do we hodl until we are rich?
Are we using bitcoin as money or just as a store of value?
English is not my first language, and I am fairly new to bitcoin, be kind lol.
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CFTC Chairman Confirms Bitcoin, Ether Are Commodities. Are Regulations good for the Growth of the Crypto Ecosystem?
In an interview with CNBC last week, CFTC Chairman Rostin Behnam discussed the CFTC and SEC's supervision of cryptocurrencies. The chairman was asked for his thoughts on a plan in Congress that would place the Securities and Exchange Commission in control of security tokens and the Commodities Futures Trading Commission in charge of commodity tokens.
"This is a long-standing dispute between the CFTC and the SEC. We had a fantastic history together... Commodities should be regulated by the Commodity Futures Trading Commission, and securities should be regulated by the Securities and Exchange Commission," Behnam explained.
Some currencies in the crypto world will be securities, while others will be commodities, according to the CFTC chairman.
When asked about SEC Chairman Gary Gensler's contention that most crypto tokens are securities, Behnam emphasized that the most popular cryptocurrencies are commodities. He stressed:
I can say with certainty that bitcoin... is a commodity As well as Ether
I think regulation of Bitcoin could potentially be good or bad for the mainstream adoption of Cryptocurrencies. Regulation could help prevent scams and protect the interest of users, regulations would create a framework for investors to work with to further expand the growth of the ecosystem. Regulation would help accelerate the mainstream adoption of Bitcoin.
Also one has to consider the blockchain ecosystem which continues to experience exponential growth by enabling the creation of innovative projects such as Decentraland an online world that allows users to create their own avatars and purchase plots of virtual land, Planet Maya which is powered by champions games is a decentralized and collaborative online casino which allows developers to build Games around betting, Luckyblock which is a digital asset project that decentralizies the lottery process via blockchain technology and many more that could change how diverse industries operate from real estate, gaming, insurance, academia. The need for regulation increases as blockchain technology becomes more mainstream and becomes a part of different industries of human endeavour.
I think it is quite ironic that a decentralized network should be subject to regulation by a central body but a much needed evil it Bitcoin is to become mainstream. Regulations could mean that Bitcoin is subject to the whims of these regulatory bodies making the decentralized network lose it's decentralized nature indirectly. It will be interesting to see how these regulatory bodies regulate Bitcoin.
News Source: https://news.bitcoin.com/cftc-chairman-confirms-bitcoin-ether-are-commodities/
[link] [comments]
source https://www.reddit.com/r/btc/comments/uw7uaj/cftc_chairman_confirms_bitcoin_ether_are/
Monday, 23 May 2022
COINDESK: Even unprofitable miners are keeping their machines on due to their Bitcoin investments. They are mining at a loss even though they can just buy the coins for less at spot markets.
Bitcoin is sometimes stable, and sometimes like a ship in the sea!! Regardless it's my Iron Token.
Stability in the cryptocurrency has come into notice after a long period of time. Due to the 'flash crash', the liquidity in the world of cryptocurrency had declined drastically.
Many cryptocurrency investors and researchers decline to invest in the top cryptocurrency like bitcoin. In the circumstances of 'flash crash', a large number of bitcoin holders have sold their holdings. Buyers do not show any interest even in the crisis of 'flash crash'. This results in the decline of the price of almost every cryptocurrency.
Gaining previous position in the market, in such crashes is the great thing in itself. But, owing to the best tokenomics, bitcoin again proved itself as a bull cryptocurrency in the metaverse. All the strategic fundamentals included in the tokenomics of bitcoin are fabricated only for its positive growth. Any investor can run their transactions independently in its network, and that's why it is also called a "peer-to-peer online currency". In the beginning phase of 2022, many cryptocurrency analysts alleged that the bitcoin will decrease upto $10,000. But the current situation depicts that bitcoin will rise up to $100,000 in the coming years.
Not only BTC, but almost all the fundamental, incentivising, interesting and amazing tokens and projects like Stellar (For New Crypto Payments Network), Tea (incentives open source softwares and provides resources), and Avalanche (Innovative Blockchain Platform Offering New Use Cases), etc., have helped in pushing the space ahead.
Even amidst so many scenarios, wars, hot-topics and whatnot, BTC has provided proof for its potential over the years. And as it is going, BTC is going to stay there like Gold!!
Source:
https: //www.coindesk.com/markets/2022/04/27/market-wrap-bitcoin-stabilizes-as-bearish-sentiment-pauses/
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Sunday, 22 May 2022
Save vs Spend Bitcoin
I see alot of discussion on here about holding for capital gains vs. spending for increased utilization and adoption.
If you can do both, you should. I have my Bitcoin savings held with a cold wallet, but I started keeping a small amount of Bitcoin in Strike to spend on every-day purchases when possible.
Whenever I visit a store, service provider, or need to make a payment of any kind, I ask if they accept bitcoin and am prepared to pay via Strike. It's opened the door for conversations about Bitcoin along the way, too.
If you can save and spend, do both!
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Looking for feedback on an experiment. I think a debate platform might help with rigorous discussions between BCH and BTC so that claims can be shared as links without being reiterated over and over. Good idea or not?
Hi. I took some time this week playing around with a new debate platform called Kialo which might be a nice pattern for structuring and adding rigor to arguments which happen so often between BTC and BCH.
This is just a proof of concept at this point. As a starting point, last weekend I asked for some of your arguments in favor of Bitcoin Cash's scaling approach. (Yes, this is just one side, but it's primarily for testing at this point.)
I tried to build out some of the claims which lead up to the above argument, while also adding some support for/against underneath. Hopefully, this illustrates the platform's capability.
I've included a link which anyone can use to make comments and suggestions to the discussion. If this experiment goes well, I will continue to add to it as well as open it up to the public for further contributions/discourse.
Please share feedback on all aspects of this. Any feedback about the arguments themselves should be added to Kialo. Any meta feedback should go in this thread. Eager to hear your thoughts, r/btc. 🍻
https://www.kialo.com/p/4625da49-6139-48d4-9935-33402490e0ea/58272
[link] [comments]
source https://www.reddit.com/r/btc/comments/uuv9td/looking_for_feedback_on_an_experiment_i_think_a/
Just got 1,000 Satoshis for buying Taco Bell
Used my Coinbase Card for the first time.
The future is now.
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