Current Bitcoin Price

Tuesday, August 31, 2021

As Bitcoin Law Kicks Off In Less Than A Week, Anti-Bitcoin Protests Break Out In El Salvador

Bukele says that the Bitcoin Law will benefit the people and save close to $400 million in remittance commissions. In addition, it will guarantee instant ...

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Cathie Wood: Institutions Used The Correction This Year To Move Into Bitcoin - Yahoo Finance

The Grayscale Bitcoin Trust (OTCMKTS: GBTC) is also the primary choice for institutions, including ARK Invest, to get exposure to Bitcoin. At the time of ...

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Monero vs. Bitcoin: Which Is the Better Crypto to Own Today? - Yahoo Finance

Digital currencies lost momentum, as investors were worried about a possible crackdown from regulators. Moreover, top cryptos like Bitcoin saw the rug pulled ...

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Don't Fomo In Solana

Everyone saying you to buy Solana now, you are still early just wanna pump there bags

It's much better to buy SOL if it drops from 150$ to 120$ than fomo in RN

I see people posting here and on Solana subreddit how much they bought etc and with big investments they gonna be a lot fear and big sell off when correction will come

You wanna buy when everyone is crying how much money they lost and calling for end of crypto... Just wait, spend this time for research or invest in coins which didn't pump so hard and get in SOL after cool off

Corrections will always come ;)



Submitted August 30, 2021 at 11:49PM by iLoveThaiGirls_ https://ift.tt/3BvmteD https://ift.tt/2Z7cX2s

Fact: Bitcoin is the NES of crypto

Unopened NES games are far more expensive on the gaming market today compared with brand new and technically superior games. That will continue to be the case 20 years from now.

Same goes with Bitcoin. It won't be surpassed in market cap, ever, no matter how much the other cryptocurrencies evolve.

Ethereum is like a multiplayer game that has lag issues because the servers are full. Everyone wants to play it, because it is the hottest thing right now.

"Ethereum killers" are games that are lag free, because no one wants to play them.

Shiba Inu is the game with malware that your grandma installed by accident.



Submitted August 30, 2021 at 09:00PM by sambadanne https://ift.tt/3zyDUdv https://ift.tt/2Z7cX2s

Daily Discussion, August 31, 2021

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.



Submitted August 31, 2021 at 12:05AM by rBitcoinMod https://ift.tt/3BpzG8t https://ift.tt/2Z7cX2s

Marvel to Drop Captain America NFT Statues, Fully-Readable Amazing Spider-Man #1 NFTs

Marvel to Drop Captain America NFT Statues, Fully-Readable Amazing Spider-Man #1 NFTs

81 years ago on August 31, 1939, the company Marvel Comics was introduced to the world for the first time and people were presented with a whole universe of superheroes. In celebration of Marvel’s birthday and the firm’s collaboration with Veve Digital Collectibles, “Marvel Month” will conclude with special edition Captain America non-fungible token (NFT) collectibles.

A Lineup of Captain America Statue NFTs

At the end of June, the wholly-owned subsidiary of The Walt Disney Company, Marvel Entertainment, announced the company was dipping its toes into the world of non-fungible tokens (NFTs). During the first week of August, Marvel revealed “Marvel Month” and launched Spider-Man NFTs.

The collectible sets included the “Common – Spider-Man,” “Uncommon – Spider-Man,” “Rare – Spider-Man,” “Ultra-Rare – Spider-Man,” and the “Secret-Rare – Spider-Man.” Marvel’s comic book competitor DC Comics has also dropped a lineup of NFTs via the Veve Digital Collectibles application.

Marvel to Drop Captain America NFT Statues, Fully-Readable Amazing Spider-Man #1 NFTs

The conclusion of “Marvel Month” ends on Tuesday, August 31, and the culmination of the month of Marvel NFTs will end with Captain America. The NFT drop will honor Captain America’s 80th anniversary when he appeared in his debut comic back in 1941. On Tuesday, the Veve app will start the Captain America NFT launch at 8 a.m. (PT). Marvel’s legendary first Avenger NFTs will include:

  • Captain America — The First Avenger – Always a soldier at heart, Captain America stands proud and tall as the first Avenger in premium digital format ($40.00).
  • Captain America — Charging Into Battle – Ready for action, Captain America runs into battle, armed with his original tri-shield ($50.00).
  • Captain America — The Punch – Experience one of the most iconic moments in comic book history in this homage to Steve Rogers’ legendary punch from the cover of Captain America Comics #1 ($100.00).
  • Captain America — Animated- Witness – Captain America in animated action as he prepares for battle ($250.00).
  • Captain America — Ultimate Animated – This ultra-premium animated collectible contains VFX and SFX of Captain America using his tri-shield as both an offensive and defensive weapon ($400.00).

The Amazing Spider-Man #1 NFT

Marvel is also launching a “fully-readable digital comic” NFT “The Amazing Spider-Man #1,” which will be dropped on Tuesday as well but at 11 a.m. (PT). The comic is well known and one of the most valuable comic books on the planet. Quality Comix says a Mint condition version of Spider-Man’s first comic has 3x in value during the last decade and a “perfect condition CGC NM+ 9.6 copy to sell for over $300,000.”

The Marvel NFTs are powered by Orbis Blockchain Technologies Limited and the Veve Digital Collectibles platform. The Veve app is available via iOS or Android smartphones and the application allows users to hunt and trade NFT collectibles. The Veve application has competitors like the firm like the purpose-built NFT platform Wax.io, which has partnered with firms like Atari, Topps, Funko, Capcom, Street Fighter, Bratz, Robotech, and more.

What do you think about Marvel’s NFT drop on the Veve app? Let us know what you think about this subject in the comments section below.



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Why You Should Be Optimistic About The Future Of Bitcoin

In this episode of "Meet The Taco Plebs," Trezor's Josef Tětek shared the reasons for his optimism around Bitcoin. Bitcoin Magazine.

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Bitcoin Price Today Drops Near $47,000 but Ether is Up. Know Top Cryptocurrency Rates - News18

Billionaire hedge fund manager, John Paulson said that there is no intrinsic value attached with cryptocurrencies except for a “limited amount.” Bitcoin Price ...

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Top Cryptocurrency News On August 31: Major Stories On Bitcoin, NFTs & Policy - Moneycontrol

The volume of all stable coins is now $77.53 billion – 75.22 percent of the total crypto market 24-hour volume. Bitcoin's price is currently $46,808.39 and its ...

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Skepticism in El Salvador ahead of Bitcoin launch - La Prensa Latina Media

The Bitcoin Law, approved by the Legislative Assembly with a large pro-government majority and which will come into effect on Sep. 7, establishes that every “ ...

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Market Wrap: Bitcoin Consolidates as Altcoin season heats up - FXStreet

Analysts expect bitcoin to remain rangebound heading into the end of the month as investors show a strong preference for altcoins. “BTC price continues to hover ...

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El Salvador Adopting Bitcoin Is "An Inadvisable Shortcut": International Monetary Fund

The International Monetary Fund (IMF) heavily criticized El Salvador's decision to adopt Bitcoin (CRYPTO: BTC) as a legal tender.

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Why bitcoin continues to represent less of the overall crypto market cap - Yahoo Finance

SEANA SMITH: Bitcoin not moving a heck of a lot today, although under a slight pressure just above 48,000. But we got some strong words from billionaire ...

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Why You Should Be Optimistic About The Future Of Bitcoin

In this episode of "Meet The Taco Plebs," Trezor's Josef Tětek shared the reasons for his optimism around Bitcoin. Bitcoin Magazine.

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Bitcoin Price Today Drops Near $47,000 but Ether is Up. Know Top Cryptocurrency Rates - News18

Billionaire hedge fund manager, John Paulson said that there is no intrinsic value attached with cryptocurrencies except for a “limited amount.” Bitcoin Price ...

from Google Alert - Bitcoin https://ift.tt/3kwOyeo

Top Cryptocurrency News On August 31: Major Stories On Bitcoin, NFTs & Policy - Moneycontrol

The volume of all stable coins is now $77.53 billion – 75.22 percent of the total crypto market 24-hour volume. Bitcoin's price is currently $46,808.39 and its ...

from Google Alert - Bitcoin https://ift.tt/3t4wdcz

Skepticism in El Salvador ahead of Bitcoin launch - La Prensa Latina Media

The Bitcoin Law, approved by the Legislative Assembly with a large pro-government majority and which will come into effect on Sep. 7, establishes that every “ ...

from Google Alert - Bitcoin https://ift.tt/3gLCuFl

Market Wrap: Bitcoin Consolidates as Altcoin season heats up - FXStreet

Analysts expect bitcoin to remain rangebound heading into the end of the month as investors show a strong preference for altcoins. “BTC price continues to hover ...

from Google Alert - Bitcoin https://ift.tt/3DxtMnJ

El Salvador Adopting Bitcoin Is "An Inadvisable Shortcut": International Monetary Fund

The International Monetary Fund (IMF) heavily criticized El Salvador's decision to adopt Bitcoin (CRYPTO: BTC) as a legal tender.

from Google Alert - Bitcoin https://ift.tt/3t2MFKh

Why bitcoin continues to represent less of the overall crypto market cap - Yahoo Finance

SEANA SMITH: Bitcoin not moving a heck of a lot today, although under a slight pressure just above 48,000. But we got some strong words from billionaire ...

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Monday, August 30, 2021

Tweet from Blind Mouse

Read this beautiful article about El Salvador, and how things are changing in the country. 👏🇸🇻

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Submitted August 29, 2021 at 11:49PM by mjbuels1301 https://ift.tt/2WBiCgU https://ift.tt/2Z7cX2s

Michael Saylor's Definitive Case for Bitcoin

https://www.youtube.com/watch?v=oFJym2CKMQ8

Submitted August 29, 2021 at 09:23PM by Bsabres6288 https://ift.tt/38kKf0l https://ift.tt/2Z7cX2s

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Daily Discussion, August 30, 2021

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.



Submitted August 30, 2021 at 12:07AM by rBitcoinMod https://ift.tt/3BqQyvx https://ift.tt/2Z7cX2s

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Mining Hardware Thief Gets 3-Year Sentence in Russia

Mining Hardware Thief Gets 3-Year Sentence in Russia

Russian authorities have investigated a number of cases involving the theft of crypto mining equipment in the past months. A resident of Yaroslavl has just been found guilty of stealing mining hardware worth over $20,000 and sentenced to three years in prison.

Russian Convicted of Stealing Mining Rigs Receives Prison Sentence

A 34-year-old man from the city of Yaroslavl, some 250 kilometers northeast of Moscow, has been found responsible for the theft of equipment for cryptocurrency mining. The hardware’s value has been estimated at 1.6 million rubles (almost $22,000), Forklog reported quoting an announcement by the regional prosecutor’s office.

Mining Hardware Thief Gets 3-Year Sentence in Russia

Investigators were able to establish that in February of this year the defendant managed to enter a friend’s garage where the devices were deployed. He later tried to mint digital coins on his own but failed to set up the equipment properly.

As the perpetrator admitted his guilt, the Zavolzhsky District Court gave him a suspended sentence of three years with a three-year probationary period. The stolen mining rigs have already been returned to the owner.

In the past few years, cryptocurrency mining in basements, garages and homes has grown in popularity in the Russian Federation as an additional income source. And as it involves the use of relatively expensive computer equipment, crime involving the theft of mining hardware has increased as well.

Earlier in August, neighbors stole six rigs with 30 powerful video cards from a room used by a crypto miner in Kursk. According to a report by the local news portal Kurskie Izvestia, the equipment was valued at over 4 million rubles (almost $55,000). The thieves face possible imprisonment for up to seven years, the police said.

A number of similar cases have been reported in Irkutsk, Forklog noted. In June, law enforcement officers detained a 21-year-old man accused of stealing mining hardware worth 120,000 rubles (over $1,600). He was arrested days after police busted a group of several people responsible for the theft of around two dozen mining rigs valued at 2 million rubles (approximately $27,000).

With many of Russia’s regions providing access to cheap electrical energy and cool climate conditions, the country has around 6.84% of the global hashrate, according to a recent report. Household electricity rates are also lower in comparison with the tariffs in many other countries which makes home crypto mining profitable.

Do you think crime targeting crypto miners is on the rise in Russia? Share your thoughts on the subject in the comments section below.



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Epic NFT Heroes Formula: NFT Collectibles, Gaming Metaverse, a Play-to-Earn Model and Yield Farming

With the trading volume and number of NFT projects always on the increase, it’s getting harder and harder to compete for users and bring innovative products to the market. One project is about to shake the NFT gaming and collectibles industry, setting the bar high for all market players. SIDUS, The City of NFT Heroes takes NFT to the next level by combining an NFT avatar collection, a gaming metaverse and NFT yield farming into one product and backing it with the philosophy that’s close to every crypto enthusiast’s heart. A single NFT avatar costing 0.055 ETH will open the user up to a world of 7,500 characters from 12 blockchain planets. The characters have all inherited the strongest traits associated with the top 100 crypto projects and companies – welcome to a world of unique features and unlimited opportunities.

NFT Heroes appeals to the market’s desire to invest in NFT projects that won’t turn to dust in a couple of months, projects that are backed by real value and liquidity. Take a quick tour around the new ecosystem and discover what new goodies the team has to offer NFT and crypto communities.

Major Moving Parts of the NFT Heroes Ecosystem

There’s no single term to describe the essence of NFT Heroes. The project merges the functionality of an NFT game, a yield farming service and a digital art collection, interconnecting them all together.

First Layer: NFT Collectibles

NFT Heroes is a collection of 7,500 unique NFT avatars created by over 400 modern artists from the international collective known as NFT256. The characters come from 12 blockchain planets and each inherits 11 traits, such as skin, helmet, backpack, etc.

The collection features 6,000 Original NFT Heroes; 1,000 Rare Heroes and 500 Legendary NFT Heroes. The Original Heroes have the same rarity and value within the community and the same market price of 0.055 ETH. The Original personas are available for sale but the Rare and Legendary Heroes must be created by using upgrade cards and the Galaxy Modificator. Upgrade cards randomly appear on the project’s website and OpenSea.io once a week. Galaxy Modificator assigns upgraded traits randomly. The tool is powered by Chainlink’s Verifiable Random Function (VRF), a randomness generator for smart contracts. This technology ensures fair distribution and robust security for the platform.

The featured upgrade system is the first innovation introduced by NFT Heroes. Generally, NFT avatar projects issue the whole collection at once and exclude users from the creative process.

An NFT collection is one way to look at the NFT Heroes project. Each avatar is its owner’s ticket into the NFT ecosystem, where they can craft, play, trade and earn. The rarity of the Heroes determines what opportunities the user has within the community as well as the rewards they receive. At the starting point however, all players have an equal opportunity to rise to the top of SIDUS society.

Second Layer: Gaming Metaverse

The next step on the path of the project’s development is the launch of the gaming functionality. Each NFT Hero can be transformed into a gaming character belonging to the SIDUS metaverse.

The mythos underpinning the NFT Heroes’ story leaves a lot of room for imagination and future gaming scenarios. The story of NFT Heroes unfolds in the times of the intergalactic war. Driven by different motives, 6,000 inhabitants from different blockchain planets fled from their homes and found refuge in an abandoned city. They decided to build a new society, free from the conflicts of the past. They chose a new identity for themselves – NFT Heroes – and called the new city SIDUS.

In time, it became a struggle for the Heroes to coexist peacefully. Lust for power and a shortage of resources pushed the NFT Heroes to fight with each other. The NFT Hero Battle Arena will resemble famous fighting games like Mortal Kombat, Killer Instinct and Jump Force. NFT Heroes challenge other players to duels, fight in the Arena and try to rise to the top of the social structure.

Heroes can undergo upgrades with the Galaxy Modificator and equip themselves with weapons from the Galaxy Marketplace to compete in the Battle Arena. The upgrade cards will randomly appear on OpenSea.io and the NFT Heroes website. The upgrade cards will be available for purchase with ETH. The Galaxy Marketplace will have a wide selection of light-sabers, sonic grenades, armor-piercing bullets and other next-gen guns. Weapons will be sold for NFTS tokens, the NFT STARS native token. In time, the team will incorporate payments with the MILK2 token. More details will be shared in the future.

Third Layer: NFT Yield Farming

Every NFT Hero is an NFT token and a high-resolution avatar that holders can use for its intended purpose. It can also be used to fund further adventures in the SIDUS city.

The platform offers three tiers of Galaxy staking: Original, Rare and Legendary. By staking NFTs, NFT Heroes can farm NFTS tokens. That way, without any additional investment, players can upgrade their ammunition and have a better chance of winning their next battle in the Arena. The difference between the three tiers is the amount of rewards the player receives.

One big bonus of the Galaxy staking feature is that the NFTS token has much greater utility than the regular in-game coin. NFTS is the native token of the NFT marketplace NFT STARS, the developers behind SIDUS, The City of NFT Heroes. The big community of digital art collectors and artists, together with the gaming community, ensures greater use of the token and thus, better price stability and growth.

Earning Opportunities With NFT Heroes

A common earning mechanism for all NFT avatar projects is to buy early and sell when interest in the project intensifies. NFT avatars are perceived as investment assets that you keep idle until they double in price. SIDUS, The City of NFT Heroes changes the established norm and introduces several tools that double your investment, meaning you don’t have to wait years for the market to change or for a generous buyer to come along.

In the SIDUS community, everything depends on the player:

  • NFT Heroes redistributes 50% of the royalties received from all secondary sales of the collection to the community. The only condition for Heroes to be eligible for royalties is to hold a minimum of $200 in NFTS or MILK2 tokens.
  • NFT Heroes can stake their NFT and receive rewards in NFTS.
  • Holders of an original NFT Hero can look for upgrade cards and sell the upgraded Hero on the market.
  • The project supports a wrapped NFT feature. Users can deposit other cryptocurrencies and NFTs into their Hero and aggregate the liquidity. So, Heroes will have real value and will provide their owners with the opportunity to sell multiple assets simultaneously.

All this means that your NFT Hero is as valuable as you make it. These services minimize the NFT’s dependency on the market to derive its value while providing tools with which users can generate income.

Blockchain Planets and the Community of Crypto Enthusiasts

A big part of NFT avatar projects is the community they build up around them. These projects use avatars as a means to convey a message to the world, build a digital identity and prove the owner’s affiliation to the NFT and crypto club. SIDUS, The City of NFT Heroes, encapsulates blockchain philosophies and provides users with characters, traits and in-game items to show their support for a project or a blockchain.

The collection of NFT Heroes features 7,500 unique characters who have come from 12 blockchain planets: Bitcoione, Etheredus, Binaxima Sentauri Cybele, Solantrum, Avalanya, Polygopus, Huoris Helvetios, Polkacyon, Cardaggar, Tronguan, Ripplatan Centricus, Cosmernicus. Each planet relates to one of the major networks, inheriting its signature traits and by the way… each planet has Easter eggs hidden in their stories!

Bitcoione is the largest planet in the Universe which many refer to as ‘the cradle of civilization’. Avalanya stands out from the other planets because of its inclusive governmental system. The Polygopus society was built by the settlers from Etheredus. Polkacyon is an agglomeration society that unites dozens of inhabited asteroids. Cosmernicus is a caravan of ships. Solantrum is known for its unique time system – “Proof of History”.

SIDUS is a place where blockchain and market experts will find a well thought-through society of blockchain planet inhabitants. On top of that, NFT Heroes take on the strongest traits of the top 100 crypto projects and companies. They are hidden in the ammunition that Heroes wear to the Arena, in their upgrade gear and weapons.

Meet the Artists and Developers

NFT Heroes is being developed by the NFT marketplace NFT STARS in partnership with a collective of artists known as NFT256. The partnership between the two ensures that the project is technically advanced and every avatar is unique and holds real artistic value.

NFT256 is the biggest international collective of modern artists today, working with a variety of art mediums. The fellowship includes more than 500 artists who were previously involved in Disney, Sony and Marvel projects. Bringing so many artists to the project, the team ensures each character is special and a one-of-a-kind. The artists spent over 10,000 combined hours thinking through every little detail and drawing every Hero trait. Even if a NFT Hero holder decides to abstain from using the gaming and staking mechanisms, they will still have a unique piece of crypto art.

NFT STARS is the mastermind behind the technical aspects of the NFT Heroes project. NFT STARS is an NFT marketplace with a distinguished history of developing innovative NFT products and services. The platform regularly hosts successful celebrity drops and is changing market perceptions of digital art. All of these factors ensure the utility of the NFTS token and its price stability, which is crucial for Heroes to receive NFTS as a farming reward. NFT STARS also acknowledges the assistance it has received from its partners – Chainlink, Avalanche and Polygon – they each had an input into the smooth operations of the platform.

Your Ticket to a City Populated by Thousands of Heroes

NFT Heroes is a project born from the new direction that NFT development is taking and is in line with growing market trends. The project resembles more of an NFT ecosystem than just a collection of NFT cards. It combines characteristics and features inherent in NFT avatar projects, gaming and yield farming. A variety of earning opportunities, from distribution of royalties to NFT staking, satisfies the NFT community’s quest for NFTs that have real value. The relatively low price of 0.055 ETH (less than $170) opens the NFT world up to the general population.

Take your chance and join the unique NFT Heroes club. Play, stake, craft, earn!

Learn more about the project on its official social media pages: Website, Twitter, Discord.


This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.



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Is Bitcoin a Good Investment? Billionaire Paulson Says Crypto 'Worthless' Bubble - Bloomberg

In the case of Bitcoin, it went from $5,000 to $45,000. It's just too volatile to short. What about interest rates? Do you think the Fed has kept interest ...

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Scepticism grows in El Salvador over pioneering Bitcoin gamble - The Guardian

But since 2018 the town's Bitcoin Beach project has been a petri dish for cryptocurrency adoption. Backed by Californian donors, the project gave $50 (£36) in ...

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TA: Bitcoin Consolidates, Why BTC Could Start A Fresh Increase - NewsBTC

Bitcoin broke the $48,500 resistance, but it faced hurdles near $49,500. The price is now trading above $48,500 and the 100 hourly simple moving average. There ...

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Safemoon Product Launch Hits a Snag, Project Bombarded by Accusations, Community ...

Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, ...

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Top Analyst Plots Dip Scenarios for Bitcoin, Ethereum, Chainlink and Two Other Crypto Assets

A prominent crypto analyst and trader is outlining key support levels for Bitcoin, Ethereum, Chainlink and two other crypto assets in the case of a broad ...

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Binance has frozen LUNA withdrawals and I think there is more freezing to come. Prediction: Binance (and many other top exchanges) will start freezing more top alt coins as they dont have enough to fulfil withdrawals.

LUNA withdrawals have been frozen on binance for 3 days now... I call bullshit on any wallet congestion that they proclaim. They don't actually have enough LUNA to fulfil withdrawal requests. Last i read 75% of all LUNA is being staked and I bet binance is doing the same with the LUNA they have. Unfortunately it takes 21 days to unstake so they probably can't fulfil LUNA withdrawals for 21 days.

The incoming 'ADA wallet maintenance' is another disguise to freeze more ADA because their rate of ADA withdrawal is skyrocketting and they need to put a plug on it so they can buy more ADA which they soon wont have if more people start withdrawing.

I wouldn't be surprised in the coming days they will have 'SOL wallet maintenance' and 'AVAX wallet maintenance'.

For those of you who have not done it yet. If you want your crypto to be yours , its time to move all your crypto off centralised exchanges. I rather be subject to the outrageous slippage and gas fees of UNISWAP on exotic pairs than have the low fees of exchanges and have my crypto frozen.



Submitted August 29, 2021 at 08:57PM by kyngineer https://ift.tt/3Bknp5i https://ift.tt/2Z7cX2s

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Unpopular Opinion: Algorand's decentralization is no better than Binance Smart Chain's

Among the darlings of this sub is up-and-coming chain Algorand. The founder claims to have "solved" the Blockchain Trilemma using their revolutionary consensus algorithm. From their marketing page:

Algorand uses cryptographic sortition to select users to propose blocks for a given round. When a block is proposed to the blockchain, a committee of voters is selected to vote on the block proposal. If a super majority of the votes are from honest participants, the block can be certified.

What they fail to mention is the backroom selection of the validator nodes that actually run the network. Let's suppose the user proposing the block is truly random. How do they propose a block? Specifically, how does the user that owns the selected Algo token have any influence over how the block is proposed? So far as I can tell, the user has no real agency; in contrast, other delegating PoS chains like Tezos or Cardano let the user directly delegate their block proposal responsibility to a baker or stake pool, respectively. By choosing the baker/pool to whom I delegate, I do my part in ensuring the decentralization of the network. In turn, bakers/pools are incentivized to act in the best interest if the network in order to attract and retain delegators.

The responsibility to select validators is a critical element in decentralization. The fact is, as an Algo holder I have no influence over the network. Instead, the network is run by a secret list of validators, owned and operated by "early backers." What guarantees do we have that those validators hold (and will continue to hold) the health of the network as highest priority? For all we know, Algorand could be a long con with a charismatic (and qualifed) figurehead.

This critical flaw calls into serious question the long term value of the Algorand project. I choose not to use BSC for the same reason (centralization). At least BSC doesn't lie about being decentralized - their solution to the Trilemma is to sacrifice all decentralization in favor of speed (and presumably security). Algorand claims to be decentralized, but so far as I can tell it's all smoke and mirrors.

This sub has a lot of Algo supporters. To you I say: change my mind.

Disclaimer: I hold some Algo, but I'm much more interested and invested in decentralized chains: Ethereum, Tezos, and Cardano (and learning about more as my time permits).



Submitted August 29, 2021 at 09:56PM by cdmayer https://ift.tt/2UWkSi7 https://ift.tt/2Z7cX2s

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Michael Saylor's Definitive Case for Bitcoin

https://www.youtube.com/watch?v=oFJym2CKMQ8

Submitted August 29, 2021 at 09:23PM by Bsabres6288 https://ift.tt/38kKf0l https://ift.tt/2Z7cX2s

Daily Discussion, August 30, 2021

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Please check the previous discussion thread for unanswered questions.



Submitted August 30, 2021 at 12:07AM by rBitcoinMod https://ift.tt/3BqQyvx https://ift.tt/2Z7cX2s

Mining Hardware Thief Gets 3-Year Sentence in Russia

Mining Hardware Thief Gets 3-Year Sentence in Russia

Russian authorities have investigated a number of cases involving the theft of crypto mining equipment in the past months. A resident of Yaroslavl has just been found guilty of stealing mining hardware worth over $20,000 and sentenced to three years in prison.

Russian Convicted of Stealing Mining Rigs Receives Prison Sentence

A 34-year-old man from the city of Yaroslavl, some 250 kilometers northeast of Moscow, has been found responsible for the theft of equipment for cryptocurrency mining. The hardware’s value has been estimated at 1.6 million rubles (almost $22,000), Forklog reported quoting an announcement by the regional prosecutor’s office.

Mining Hardware Thief Gets 3-Year Sentence in Russia

Investigators were able to establish that in February of this year the defendant managed to enter a friend’s garage where the devices were deployed. He later tried to mint digital coins on his own but failed to set up the equipment properly.

As the perpetrator admitted his guilt, the Zavolzhsky District Court gave him a suspended sentence of three years with a three-year probationary period. The stolen mining rigs have already been returned to the owner.

In the past few years, cryptocurrency mining in basements, garages and homes has grown in popularity in the Russian Federation as an additional income source. And as it involves the use of relatively expensive computer equipment, crime involving the theft of mining hardware has increased as well.

Earlier in August, neighbors stole six rigs with 30 powerful video cards from a room used by a crypto miner in Kursk. According to a report by the local news portal Kurskie Izvestia, the equipment was valued at over 4 million rubles (almost $55,000). The thieves face possible imprisonment for up to seven years, the police said.

A number of similar cases have been reported in Irkutsk, Forklog noted. In June, law enforcement officers detained a 21-year-old man accused of stealing mining hardware worth 120,000 rubles (over $1,600). He was arrested days after police busted a group of several people responsible for the theft of around two dozen mining rigs valued at 2 million rubles (approximately $27,000).

With many of Russia’s regions providing access to cheap electrical energy and cool climate conditions, the country has around 6.84% of the global hashrate, according to a recent report. Household electricity rates are also lower in comparison with the tariffs in many other countries which makes home crypto mining profitable.

Do you think crime targeting crypto miners is on the rise in Russia? Share your thoughts on the subject in the comments section below.



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Epic NFT Heroes Formula: NFT Collectibles, Gaming Metaverse, a Play-to-Earn Model and Yield Farming

With the trading volume and number of NFT projects always on the increase, it’s getting harder and harder to compete for users and bring innovative products to the market. One project is about to shake the NFT gaming and collectibles industry, setting the bar high for all market players. SIDUS, The City of NFT Heroes takes NFT to the next level by combining an NFT avatar collection, a gaming metaverse and NFT yield farming into one product and backing it with the philosophy that’s close to every crypto enthusiast’s heart. A single NFT avatar costing 0.055 ETH will open the user up to a world of 7,500 characters from 12 blockchain planets. The characters have all inherited the strongest traits associated with the top 100 crypto projects and companies – welcome to a world of unique features and unlimited opportunities.

NFT Heroes appeals to the market’s desire to invest in NFT projects that won’t turn to dust in a couple of months, projects that are backed by real value and liquidity. Take a quick tour around the new ecosystem and discover what new goodies the team has to offer NFT and crypto communities.

Major Moving Parts of the NFT Heroes Ecosystem

There’s no single term to describe the essence of NFT Heroes. The project merges the functionality of an NFT game, a yield farming service and a digital art collection, interconnecting them all together.

First Layer: NFT Collectibles

NFT Heroes is a collection of 7,500 unique NFT avatars created by over 400 modern artists from the international collective known as NFT256. The characters come from 12 blockchain planets and each inherits 11 traits, such as skin, helmet, backpack, etc.

The collection features 6,000 Original NFT Heroes; 1,000 Rare Heroes and 500 Legendary NFT Heroes. The Original Heroes have the same rarity and value within the community and the same market price of 0.055 ETH. The Original personas are available for sale but the Rare and Legendary Heroes must be created by using upgrade cards and the Galaxy Modificator. Upgrade cards randomly appear on the project’s website and OpenSea.io once a week. Galaxy Modificator assigns upgraded traits randomly. The tool is powered by Chainlink’s Verifiable Random Function (VRF), a randomness generator for smart contracts. This technology ensures fair distribution and robust security for the platform.

The featured upgrade system is the first innovation introduced by NFT Heroes. Generally, NFT avatar projects issue the whole collection at once and exclude users from the creative process.

An NFT collection is one way to look at the NFT Heroes project. Each avatar is its owner’s ticket into the NFT ecosystem, where they can craft, play, trade and earn. The rarity of the Heroes determines what opportunities the user has within the community as well as the rewards they receive. At the starting point however, all players have an equal opportunity to rise to the top of SIDUS society.

Second Layer: Gaming Metaverse

The next step on the path of the project’s development is the launch of the gaming functionality. Each NFT Hero can be transformed into a gaming character belonging to the SIDUS metaverse.

The mythos underpinning the NFT Heroes’ story leaves a lot of room for imagination and future gaming scenarios. The story of NFT Heroes unfolds in the times of the intergalactic war. Driven by different motives, 6,000 inhabitants from different blockchain planets fled from their homes and found refuge in an abandoned city. They decided to build a new society, free from the conflicts of the past. They chose a new identity for themselves – NFT Heroes – and called the new city SIDUS.

In time, it became a struggle for the Heroes to coexist peacefully. Lust for power and a shortage of resources pushed the NFT Heroes to fight with each other. The NFT Hero Battle Arena will resemble famous fighting games like Mortal Kombat, Killer Instinct and Jump Force. NFT Heroes challenge other players to duels, fight in the Arena and try to rise to the top of the social structure.

Heroes can undergo upgrades with the Galaxy Modificator and equip themselves with weapons from the Galaxy Marketplace to compete in the Battle Arena. The upgrade cards will randomly appear on OpenSea.io and the NFT Heroes website. The upgrade cards will be available for purchase with ETH. The Galaxy Marketplace will have a wide selection of light-sabers, sonic grenades, armor-piercing bullets and other next-gen guns. Weapons will be sold for NFTS tokens, the NFT STARS native token. In time, the team will incorporate payments with the MILK2 token. More details will be shared in the future.

Third Layer: NFT Yield Farming

Every NFT Hero is an NFT token and a high-resolution avatar that holders can use for its intended purpose. It can also be used to fund further adventures in the SIDUS city.

The platform offers three tiers of Galaxy staking: Original, Rare and Legendary. By staking NFTs, NFT Heroes can farm NFTS tokens. That way, without any additional investment, players can upgrade their ammunition and have a better chance of winning their next battle in the Arena. The difference between the three tiers is the amount of rewards the player receives.

One big bonus of the Galaxy staking feature is that the NFTS token has much greater utility than the regular in-game coin. NFTS is the native token of the NFT marketplace NFT STARS, the developers behind SIDUS, The City of NFT Heroes. The big community of digital art collectors and artists, together with the gaming community, ensures greater use of the token and thus, better price stability and growth.

Earning Opportunities With NFT Heroes

A common earning mechanism for all NFT avatar projects is to buy early and sell when interest in the project intensifies. NFT avatars are perceived as investment assets that you keep idle until they double in price. SIDUS, The City of NFT Heroes changes the established norm and introduces several tools that double your investment, meaning you don’t have to wait years for the market to change or for a generous buyer to come along.

In the SIDUS community, everything depends on the player:

  • NFT Heroes redistributes 50% of the royalties received from all secondary sales of the collection to the community. The only condition for Heroes to be eligible for royalties is to hold a minimum of $200 in NFTS or MILK2 tokens.
  • NFT Heroes can stake their NFT and receive rewards in NFTS.
  • Holders of an original NFT Hero can look for upgrade cards and sell the upgraded Hero on the market.
  • The project supports a wrapped NFT feature. Users can deposit other cryptocurrencies and NFTs into their Hero and aggregate the liquidity. So, Heroes will have real value and will provide their owners with the opportunity to sell multiple assets simultaneously.

All this means that your NFT Hero is as valuable as you make it. These services minimize the NFT’s dependency on the market to derive its value while providing tools with which users can generate income.

Blockchain Planets and the Community of Crypto Enthusiasts

A big part of NFT avatar projects is the community they build up around them. These projects use avatars as a means to convey a message to the world, build a digital identity and prove the owner’s affiliation to the NFT and crypto club. SIDUS, The City of NFT Heroes, encapsulates blockchain philosophies and provides users with characters, traits and in-game items to show their support for a project or a blockchain.

The collection of NFT Heroes features 7,500 unique characters who have come from 12 blockchain planets: Bitcoione, Etheredus, Binaxima Sentauri Cybele, Solantrum, Avalanya, Polygopus, Huoris Helvetios, Polkacyon, Cardaggar, Tronguan, Ripplatan Centricus, Cosmernicus. Each planet relates to one of the major networks, inheriting its signature traits and by the way… each planet has Easter eggs hidden in their stories!

Bitcoione is the largest planet in the Universe which many refer to as ‘the cradle of civilization’. Avalanya stands out from the other planets because of its inclusive governmental system. The Polygopus society was built by the settlers from Etheredus. Polkacyon is an agglomeration society that unites dozens of inhabited asteroids. Cosmernicus is a caravan of ships. Solantrum is known for its unique time system – “Proof of History”.

SIDUS is a place where blockchain and market experts will find a well thought-through society of blockchain planet inhabitants. On top of that, NFT Heroes take on the strongest traits of the top 100 crypto projects and companies. They are hidden in the ammunition that Heroes wear to the Arena, in their upgrade gear and weapons.

Meet the Artists and Developers

NFT Heroes is being developed by the NFT marketplace NFT STARS in partnership with a collective of artists known as NFT256. The partnership between the two ensures that the project is technically advanced and every avatar is unique and holds real artistic value.

NFT256 is the biggest international collective of modern artists today, working with a variety of art mediums. The fellowship includes more than 500 artists who were previously involved in Disney, Sony and Marvel projects. Bringing so many artists to the project, the team ensures each character is special and a one-of-a-kind. The artists spent over 10,000 combined hours thinking through every little detail and drawing every Hero trait. Even if a NFT Hero holder decides to abstain from using the gaming and staking mechanisms, they will still have a unique piece of crypto art.

NFT STARS is the mastermind behind the technical aspects of the NFT Heroes project. NFT STARS is an NFT marketplace with a distinguished history of developing innovative NFT products and services. The platform regularly hosts successful celebrity drops and is changing market perceptions of digital art. All of these factors ensure the utility of the NFTS token and its price stability, which is crucial for Heroes to receive NFTS as a farming reward. NFT STARS also acknowledges the assistance it has received from its partners – Chainlink, Avalanche and Polygon – they each had an input into the smooth operations of the platform.

Your Ticket to a City Populated by Thousands of Heroes

NFT Heroes is a project born from the new direction that NFT development is taking and is in line with growing market trends. The project resembles more of an NFT ecosystem than just a collection of NFT cards. It combines characteristics and features inherent in NFT avatar projects, gaming and yield farming. A variety of earning opportunities, from distribution of royalties to NFT staking, satisfies the NFT community’s quest for NFTs that have real value. The relatively low price of 0.055 ETH (less than $170) opens the NFT world up to the general population.

Take your chance and join the unique NFT Heroes club. Play, stake, craft, earn!

Learn more about the project on its official social media pages: Website, Twitter, Discord.


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Binance has frozen LUNA withdrawals and I think there is more freezing to come. Prediction: Binance (and many other top exchanges) will start freezing more top alt coins as they dont have enough to fulfil withdrawals.

LUNA withdrawals have been frozen on binance for 3 days now... I call bullshit on any wallet congestion that they proclaim. They don't actually have enough LUNA to fulfil withdrawal requests. Last i read 75% of all LUNA is being staked and I bet binance is doing the same with the LUNA they have. Unfortunately it takes 21 days to unstake so they probably can't fulfil LUNA withdrawals for 21 days.

The incoming 'ADA wallet maintenance' is another disguise to freeze more ADA because their rate of ADA withdrawal is skyrocketting and they need to put a plug on it so they can buy more ADA which they soon wont have if more people start withdrawing.

I wouldn't be surprised in the coming days they will have 'SOL wallet maintenance' and 'AVAX wallet maintenance'.

For those of you who have not done it yet. If you want your crypto to be yours , its time to move all your crypto off centralised exchanges. I rather be subject to the outrageous slippage and gas fees of UNISWAP on exotic pairs than have the low fees of exchanges and have my crypto frozen.



Submitted August 29, 2021 at 08:57PM by kyngineer https://ift.tt/3Bknp5i https://ift.tt/2Z7cX2s

Unpopular Opinion: Algorand's decentralization is no better than Binance Smart Chain's

Among the darlings of this sub is up-and-coming chain Algorand. The founder claims to have "solved" the Blockchain Trilemma using their revolutionary consensus algorithm. From their marketing page:

Algorand uses cryptographic sortition to select users to propose blocks for a given round. When a block is proposed to the blockchain, a committee of voters is selected to vote on the block proposal. If a super majority of the votes are from honest participants, the block can be certified.

What they fail to mention is the backroom selection of the validator nodes that actually run the network. Let's suppose the user proposing the block is truly random. How do they propose a block? Specifically, how does the user that owns the selected Algo token have any influence over how the block is proposed? So far as I can tell, the user has no real agency; in contrast, other delegating PoS chains like Tezos or Cardano let the user directly delegate their block proposal responsibility to a baker or stake pool, respectively. By choosing the baker/pool to whom I delegate, I do my part in ensuring the decentralization of the network. In turn, bakers/pools are incentivized to act in the best interest if the network in order to attract and retain delegators.

The responsibility to select validators is a critical element in decentralization. The fact is, as an Algo holder I have no influence over the network. Instead, the network is run by a secret list of validators, owned and operated by "early backers." What guarantees do we have that those validators hold (and will continue to hold) the health of the network as highest priority? For all we know, Algorand could be a long con with a charismatic (and qualifed) figurehead.

This critical flaw calls into serious question the long term value of the Algorand project. I choose not to use BSC for the same reason (centralization). At least BSC doesn't lie about being decentralized - their solution to the Trilemma is to sacrifice all decentralization in favor of speed (and presumably security). Algorand claims to be decentralized, but so far as I can tell it's all smoke and mirrors.

This sub has a lot of Algo supporters. To you I say: change my mind.

Disclaimer: I hold some Algo, but I'm much more interested and invested in decentralized chains: Ethereum, Tezos, and Cardano (and learning about more as my time permits).



Submitted August 29, 2021 at 09:56PM by cdmayer https://ift.tt/2UWkSi7 https://ift.tt/2Z7cX2s

Sunday, August 29, 2021

All The Gold In Fort Knox Will Not Buy You More Than 1% Of Total Bitcoin Supply

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Submitted August 29, 2021 at 01:09AM by mpow https://ift.tt/2Y7J3vp https://ift.tt/2Z7cX2s

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Tipping Moons

Every moon distribution I've been around for, I've been diligent in voting on the governance polls. However, I'm learning that I haven't been following up close enough as far as which ones passed or not.

I found out yesterday that the poll that would allow us to tip up to 100 moons per distribution cycle without losing our 20% holding bonus, passed!

I've had a few members tip me moons, including u/ethereumflow, u/crypto_grandma, u/xrporbust and I appreciated it every single time

From here on out, I vow to hit that 100 tipped moon threshold every cycle as well, and I encourage others to do the same!

I'm far from being a moon whale, but I have a few, and these moons literally cost me nothing. I would love to pay it forward and help some of the newer members out a little bit

At the time of making this post, I'm at 9,238 moons. By Wednesday, I will be at 9,138.



Submitted August 28, 2021 at 10:11PM by TonathanJavares https://ift.tt/3mJ5fWS https://ift.tt/2Z7cX2s

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Daily Discussion, August 29, 2021

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.



Submitted August 29, 2021 at 12:03AM by rBitcoinMod https://ift.tt/3Dkhgb4 https://ift.tt/2Z7cX2s

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