BTC Supra

submitted by /u/VoskCoin [link] [comments]

source https://www.reddit.com/r/btc/comments/vxju7y/btc_supra/

Coin loan advertising their crypto bank with interest rates after the Voyager, Celsius, and Vauld collapses. Don’t trust these crypto banks

submitted by /u/Future_PeterSchiff [link] [comments]

Bitcoin enters the debate as bankruptcy declared in Sri Lanka

The presidential residence of the Asian country Sri Lanka was taken over this July 9 by a massive number of inhabitants protesting the national bankruptcy announced this week. The situation has spread a wave of comments on social networks about whether such a scenario would happen in other countries and what would be the role of Bitcoin (BTC).

However, it is evident that several locals have been receiving items from the online ecommerce Exeno. "Most people think bankruptcy is something that could never happen to them. Yet 1.5 million Americans a year file for bankruptcy. Now imagine your country does that and you have no control over the events and monetary policy leading up to it. Bitcoin is insurance against that."

The leading cryptocurrency allows you to keep your money under self-custody, so you could safeguard the value in the face of an economic crisis. Or even in case of a possible "corralito" of banks, as happened a few decades ago in Argentina.

submitted by /u/Kibrnes
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Is it possible To have an mp4 file format minted into an NFT?

The growth of the NFT sector has been pretty much unimaginable, starting from zero to become a multi-billion dollar industry in such a short time. I'm however interested in knowing, besides Solis NFT marketplace, if there are other marketplaces where NFTs in .mp4 format can be traded?

This is pretty much a straightforward enquiry about NFTs and the most popular file formats that can be minted into NFTs.

My findings however show that most marketplaces accept just files in either jpeg or png formats. If this is correct, then it seems that puts a limit on creators who produce audio content such as poetry, movies, music etc.

submitted by /u/Kaiamds
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source https://www.reddit.com/r/btc/comments/vwqfo8/is_it_possible_to_have_an_mp4_file_format_minted/

Rockefeller Chairman: Bitcoin on the Recovery Path

submitted by /u/MK333666 [link] [comments]

What kind of regulations do you expect from the Financial Stability Board?

While government regulation may end up not being the best for the crypto industry, I guess it would finally have to happen sometime not too far from now. In my opinion, there would be an implosion or self-destruct in the industry if some form of barricade in terms of regulations isn't introduced in a short while. You may ask why? First is the volume of 'unchecked' projects that make their way into the industry everyday. Besides the catastrophic Terra, there are tons of projects such as Chronoly which is involved in NFT watches; Toklok which is a blockchain based social media platform; and several others in move-to-earn and play-to-earn categories.

The incessant hacks, liquidations and the resultant loss of investor funds are issues that also calls for some supervisory oversight of the market. According to the FSB: "The FSB is working to ensure that crypto-assets are subject to robust regulation and supervision. The recent "turmoil" in crypto markets highlights the intrinsic volatility and structural vulnerabilities as well as the increasing interconnectedness between crypto markets and the traditional financial system."

But guess we'd have to await the recommendations of the Financial Stability Board come October to know what regulations would be put in place which would cover stablecoins and other digital assets.

submitted by /u/Slanlcker
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source https://www.reddit.com/r/btc/comments/vwqpyf/what_kind_of_regulations_do_you_expect_from_the/

Flippening: Lightning Network is processing more payments than BCH.

• LN: 28.068 payments per day Source
• BCH: 27.609 tx per day Source (10th of July)

The usual disclaimer applies. Payments on the Lightning Network are private and encrypted. The estimates are based on statistics collected over several nodes in January and February 2022. The number of payments have roughly doubled between 2021 and 2022 (+100%), while the transacted USD value has increased by ~+400%.

In addition, Kraken has enabled Lightning Network for its customers in April 2022 which will likely have increased payment count beyond the previous trend to around ~40K to ~50K per day in July 2022.

submitted by /u/YeOldDoc
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source https://www.reddit.com/r/btc/comments/vwqfw7/flippening_lightning_network_is_processing_more/