There are so many benefits to using a cryptocurrency, that it would seem foolish to neglect such an invention. For example, it allows you to send money anywhere in the world in an instant, with basically no fees involved. Everyone can be included in the financial system, it will change the way we interact with money, it can prevent fraud, and much more.
Sunday, October 31, 2021
Crypto: $20 trillion of managed money could drive ETF demand, CEO says - CNBC
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Apple Co-Founder Wozniak – Bitcoin is 'Mathematically Pure' - CoinTrust.com
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Fake bitcoin sender apk - Cardiecol
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Cryptocurrency, a beacon of hope in Myanmar's politics | Thai PBS World
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13 years ago today, Satoshi Nakamoto published the Bitcoin white paper.
Submitted October 30, 2021 at 10:57PM by ethereumshield https://ift.tt/3CvilMh https://ift.tt/2Z7cX2s
I don't have the time to try and convince you
My family was in town and we were having dinner. My brother asked if I saw the new FTX banner while watching the World Series. That sent my sister in to a soap box.
"Crypto is bad for the environment." "It's too late to earn any money." "Only banks and institutional investors are buying right now." "It's really just an immoral investment."
My sister has become quite outspoken about her political leanings recently in the past few years and usually is outspoken and looking to debate. It felt like bait so I just decided just to ignore it.
I was reminded of the quote "If you don't believe it or don't get it, I don't have the time to try to convince you, sorry."
There is so much positive energy in this space I just didn't feel the need to try to convince someone who had already made up their mind. I had better things to do.
Submitted October 30, 2021 at 11:09PM by mamalalatata https://ift.tt/3nGL2jf https://ift.tt/2Z7cX2s
Daily Discussion, October 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 October 31, 2021 at 12:07AM by rBitcoinMod https://ift.tt/3jOTZ9i https://ift.tt/2Z7cX2s
A New Academic Paper Describes 3 Attack Methods Against an Ethereum PoS Chain
Following the Altair upgrade on the Ethereum network, the protocol’s native cryptocurrency reached a new all-time price high. Altair is the next step for the Ethereum’s network’s proof-of-stake (PoS) transition. However, a recently submitted white paper explains that a group of computer scientists from Stanford University and the Ethereum Foundation believe there are three attack vectors “on [a] proof-of-stake Ethereum” blockchain.
The 3 Attacks Against Ethereum Thesis Aims to Describe a Proof-of-Stake Problem Based on Evidence
The Ethereum network currently has a proof-of-work (PoW) consensus mechanism and in time, the protocol plans to fully transition into a proof-of-stake (PoS) network. Recent upgrades like Berlin, London, and Altair have been applied to help smooth the transition toward the PoS goal. Just recently, after Altair was implemented, the price per ether skyrocketed toward a new all-time high (ATH) at $4,467 per unit.
At the same time, network transfer fees have also swelled significantly as high as $50 for the average ether transaction on Saturday morning. Furthermore, on Saturday morning in the U.S. vertical trends from Twitter indicate the term “ETH 2.0” started trending. Some of the individuals discussing the ETH 2.0 upgrade have shared a new white paper written by computer scientists from Stanford University and the Ethereum Foundation.
The BTC proponent Tuur Demeester shared the paper on Saturday and two quotes from the paper that theorize how an adversary can attack the chain. The paper called “Three Attacks on Proof-of-Stake Ethereum” was submitted on October 19.
Quotes from ETH 2.0 attacks paper, via @KyleLogiks:
“With 99.6% probability an adversary with .09% stake can execute a 1-record for any given day”
“Under adversarial network delay, an adversary can perform a 10-reorg by merely controlling 19 validators”https://t.co/HGazdB0acV pic.twitter.com/MsZoyUGdev
— Tuur Demeester (@TuurDemeester) October 30, 2021
The white paper was authored by Caspar Schwarz-Schilling, Joachim Neu, Barnabé Monnot, Aditya Asgaonkar, Ertem Nusret Tas, and David Tse. Essentially, the white paper reveals that two Ethereum network attacks were presented in recent times and the paper’s authors refined the techniques.
In addition to the refinement of the first two which theoretically create “short-range reorganizations” and an “adversarial network delay,” the computer scientists came up with a third attack.
“Combining techniques from both refined attacks, we obtain a third attack which allows an adversary with vanishingly small fraction of stake and no control over network message propagation (assuming instead probabilistic message propagation) to cause even long-range consensus chain reorganizations,” the paper’s authors note. The three attacks to ETH PoS paper adds:
Honest-but-rational or ideologically motivated validators could use this attack to increase their profits or stall the protocol, threatening incentive alignment and security of PoS Ethereum. The attack can also lead to destabilization of consensus from congestion in vote processing.
White Paper Says Attacks ‘Also Enable aPriori Malign Actors to Outright Stall Consensus Decisions’
Meanwhile, Ethereum network critics used the paper to highlight the possible vulnerabilities associated with these attacks when the network transitions to a full PoS system. The founder of the Chia project and the creator of Bittorrent, Bram Cohen, also tweeted about the new study on Saturday.
Some issues with ETH2 consensus "we obtain a third attack which allows an adversary with vanishingly small fraction of stake to cause even long-range consensus chain reorganizations" https://t.co/Vz3KG3ai1W
— Bram Cohen🌱 (@bramcohen) October 30, 2021
A Chia proponent responded and told Cohen: “Let’s revisit your tweet in a year and see what Chia has accomplished vs ETH. Please consider your attitude is turning away community members like myself.” The Ethereum attacks paper does provide a possible method of attacks against an Ethereum PoS chain, but also offers solutions. The paper’s authors believe the attacks provide incentives to malicious actors.
“Our attacks also enable apriori malign actors, perhaps ideologically motivated, to delay and in some cases outright stall consensus decisions,” the paper’s authors conclude. “The refined attack of Section 4.2 gives the adversary a tool to do just that, even if the adversary cannot control message propagation delays (which instead are assumed to be probabilistic).”
What do you think about the recently published paper on three attacks against an Ethereum PoS system? Let us know what you think about this subject in the comments section below.
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What is the bitcoin scam & who is the 25 yr-old that has put the BJP govt in Karnataka in a spot
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Bitcoin Showtime | Crypto on Instagram: “Can't even hate Follow For More ...
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Texas takes over from China as the cryptocurrency capital | Business | The Sunday Times
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Explaining Some of The Features of Cryptocurrencies - The World Financial Review
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The Price of a Popular Cryptocurrency Drops Below $59000 - Brinkwire
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How to Trade Cryptocurrencies with A.I. (video) | Tickeron
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Dogecoin Accounts for 40% of Robinhood's Crypto Transaction Revenue in Q3 - Bitcoin News
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What is the bitcoin scam & who is the 25 yr-old that has put the BJP govt in Karnataka in a spot
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Bitcoin Showtime | Crypto on Instagram: “Can't even hate Follow For More ...
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Texas takes over from China as the cryptocurrency capital | Business | The Sunday Times
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Explaining Some of The Features of Cryptocurrencies - The World Financial Review
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The Price of a Popular Cryptocurrency Drops Below $59000 - Brinkwire
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Dogecoin Accounts for 40% of Robinhood's Crypto Transaction Revenue in Q3 - Bitcoin News
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Saturday, October 30, 2021
MicroStrategy Bent On Increasing Bitcoin Bet After 9,000 BTC Purchase, Says CEO - NewsBTC
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This expert says, if you have Bitcoin, hold it until... - AMBCrypto
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Ethereum Captures New All-Time Price High — ETH Market Cap Surpasses $510 Billion ...
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I made a "how to get the crypto money out" template for family members who lose a loved one
Hi all,
I have crypto stored in multiple wallets and exchanges all over the place. In the unlikely event that I die, I still want my family to have access to my funds. Unfortunately, my kids are still very young and nobody else in the family has the slightest idea how to operate in the crypto world.
So, I made a "how to get the crypto money out" template for family members who lose a loved one. I tried not to get too technical, only really covering the basics, but still all the necessary details to withdraw the funds. I'm happy to accept some feedback and modify with some suggestions. It's set up as a View-only but downloadable Google Doc If anyone wishes to use it.
Obviously, I hope it's never needed, but what I fear more is my kids future being negatively impacted because I was too lazy to set up some basic information for them.
Submitted October 29, 2021 at 09:54PM by gnarley_quinn https://ift.tt/3Cyw0Cs https://ift.tt/2Z7cX2s
Found paper QR code I received in 2014 with Bitcoin… I found the wallet. How do I retrieve?
How do I retrieve the BTC from this piece of paper with Bitcoin. This was back in the day where they’d put Bitcoin QR codes on pieces of promotional paper with a Bitcoin logo for adoption purposes. I found the wallet address and see the Bitcoin is still there. Is it lost for good or can I retrieve it?
Submitted October 29, 2021 at 08:33PM by ProphetPicks https://ift.tt/3vUWb3O https://ift.tt/2Z7cX2s
Dvision Network Announced “Dvision World” Will Launch on November 1st
PRESS RELEASE. The blockchain-based metaverse Dvision Network has announced that their metaverse known as ‘’Dvision World’’ will be launched on November 1st, 2021. This event is anticipated to herald a new era for the not only Dvision ecosystem but also for the whole metaverse industry. Moreover, Dvision is holding a special NFT giveaway event, calling their users for action to pre-register and secure their spot before the metaverse goes live.
Dvision World goes LIVE in 2 days!
Dvision Network has shared details about the launch in a press release on its Medium blog page. According to Boburjon Muydinov, Head of Business Development at Dvision Network, users can now join Dvision World from November 1st and explore combat-ready activities and discover the greatest adventure of the metaverse.
Dvision users will be able to design customized avatars and access various events while traversing the different meta-spaces (lands) within the metaverse. The launch of Dvision World was anticipated by thousands of users who already had the fortune to dive into Dvision Metaverse during the Beta Testing and during several metaverse-based conference events, notably in BSC anniversary and experiencing the most modern metaverse with ultimate UI/UE. Within the launch on November 1st another success is inevitable for the blockchain veteran – Dvision Network.
Dvision Network has already begun a countdown on its official website and individuals can register to be the first citizens of Dvision World. Pre-register to get early access to the Dvision World metaverse (Register).
Dvision World is the central entryway in the blockchain-based metaverse and it connects all meta-cities within the Dvision ecosystem. Meta Cities are public open terrains that consist of various Meta-Spaces. Dvision World is said to unite 20 distinct cities through the Central Warp Tower, where each Meta-City will be introduced exclusively.
Dvision revamps Metaverse ecosystem
Dvision published that it had made significant modifications to the Dvision Metaverse, following the triumphant Open Beta Test phase. Some of the newly added concepts include a Play-to-Earn Model, brand-new NFT use-cases, renewed tokenomics, an in-game reward currency (DVG) with an upgraded governance system (DAO).
The blockchain metaverse noted that the changes were constituted to ensure that users have the best experience within its ecosystem. For example, users will be able to engage in the Play 2 Earn arena within the Meta-City, acquire PETs and engage in battle mode to earn in-game currency, get access to LAND purification processes, etc.
Find out more details on the new concepts within the Dvision Gitbook page ahead of the game launch.
About Dvision Network
The Dvision Network is an ultimate blockchain-based NFT metaverse platform. The Dvision Network establishes a cutting-edge metaverse ecosystem, by utilizing its own VR technology, that helps to lower the entry barriers for all types of users across the globe. Therefore, it allows designers, enterprises and general users to dive into the most advanced metaverse experience.To learn more about Dvision Network visit the website.
Media Contact –
Name: Boburjon Muydinov
Email: official@dvision.network
http://Official@dvision.network/
Company: Dvision Network
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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Cryptocurrencies Price Prediction: Dogecoin, Ripple & Solana – American Wrap 29 October
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Crypto investor says he lost 6 figures on a dog-inspired DeFi project - CNBC
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Vitalik’s SHIB donations look pretty generous right now
As many of you may know, SHIB really kicked off it’s popularity by depositing a huge amount of it into Vitalik Buterin’s wallet. He responded by donating it to several causes, including 50 trillion SHIB to the India Covid Relief Fund. At the time it was worth about $1.14 billion, so a nice little payout, but we all knew there’s no way you can cash nearly that much without tanking the value. As of late July, $20 million worth had been cashed out, with plans for another $20 million in the works.
Today, however, SHIB is at ATH and that 50 trillion is worth $3.35 billion. Not a bad war chest! While it’s still true that India can’t cash it all out at once, the fact that there’s so much liquidity in the SHIB market right now means that they can probably sell some more effectively than they could before.
Excellent work as always Vitalik. It should be noted that he also made donations to life extension and AI projects that will now be able to benefit from the price spike. In a roundabout way, this crazy SHIB surge has done a lot of good for the world.
Edit: as many people commented, this donation has been completely cashed out. Thanks for showing the block explorer u/jazzlike_row ! They still seem to have gotten nearly half a billion out of it, so it was a great service to humanity, and probably won’t hurt with crypto adoption in India either.
Submitted October 29, 2021 at 06:23PM by Quentin__Tarantulino https://ift.tt/3EtkvN5 https://ift.tt/2Z7cX2s
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Don’t wait to buy bitcoin buy bitcoin then wait
Hodl zen patience
Submitted October 29, 2021 at 08:09PM by nitra007 https://ift.tt/2ZtKJjr https://ift.tt/2Z7cX2s
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Daily Discussion, October 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 October 30, 2021 at 12:03AM by rBitcoinMod https://ift.tt/3GCRYGM https://ift.tt/2Z7cX2s
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Australia's Top Securities Regulator Says It Will Approve Bitcoin ETFs
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HIVE Blockchain Orders 6500 Bitcoin Mining Rigs From Canaan
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Canaan Secures Follow-On Purchase Order From Hive Blockchain - PR Newswire
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Tesla's profits on Bitcoin are on track to fully fund their research costs - City AM
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5 Things to Know Before Taking a Cryptocurrency Training Course - CryptoMode
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Attempted theft at Abkhazia cryptocurrency data center leads to gunfight, one dead - DCD
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Cryptocurrencies Price Prediction: Dogecoin, Ripple & Solana – American Wrap 29 October
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Crypto investor says he lost 6 figures on a dog-inspired DeFi project - CNBC
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Vitalik’s SHIB donations look pretty generous right now
As many of you may know, SHIB really kicked off it’s popularity by depositing a huge amount of it into Vitalik Buterin’s wallet. He responded by donating it to several causes, including 50 trillion SHIB to the India Covid Relief Fund. At the time it was worth about $1.14 billion, so a nice little payout, but we all knew there’s no way you can cash nearly that much without tanking the value. As of late July, $20 million worth had been cashed out, with plans for another $20 million in the works.
Today, however, SHIB is at ATH and that 50 trillion is worth $3.35 billion. Not a bad war chest! While it’s still true that India can’t cash it all out at once, the fact that there’s so much liquidity in the SHIB market right now means that they can probably sell some more effectively than they could before.
Excellent work as always Vitalik. It should be noted that he also made donations to life extension and AI projects that will now be able to benefit from the price spike. In a roundabout way, this crazy SHIB surge has done a lot of good for the world.
Edit: as many people commented, this donation has been completely cashed out. Thanks for showing the block explorer u/jazzlike_row ! They still seem to have gotten nearly half a billion out of it, so it was a great service to humanity, and probably won’t hurt with crypto adoption in India either.
Submitted October 29, 2021 at 06:23PM by Quentin__Tarantulino https://ift.tt/3EtkvN5 https://ift.tt/2Z7cX2s
Don’t wait to buy bitcoin buy bitcoin then wait
Hodl zen patience
Submitted October 29, 2021 at 08:09PM by nitra007 https://ift.tt/2ZtKJjr https://ift.tt/2Z7cX2s
Daily Discussion, October 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 October 30, 2021 at 12:03AM by rBitcoinMod https://ift.tt/3GCRYGM https://ift.tt/2Z7cX2s
Friday, October 29, 2021
Islamic Organization in Indonesia Issues Fatwa Against Cryptocurrency - Bitcoin News
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Bitcoin is amazing
I starting buying Bitcoin in April and when it dipped this sub convinced me to hodl and dca. I kept buying though the dip and this is the first time in my life I have any type of financial buffer. Bitcoin is magic
Submitted October 28, 2021 at 09:00PM by Live_Material_265 https://ift.tt/3BjBGyM https://ift.tt/2Z7cX2s
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Daily Discussion, October 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 October 29, 2021 at 12:04AM by rBitcoinMod https://ift.tt/2ZFVz6f https://ift.tt/2Z7cX2s
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Spot bitcoin ETF unlikely to arrive until at least mid-2022, Valkyrie Funds CIO says - CNBC
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Bitcoin Back Over $60K as El Salvador Buys 420 BTC - CoinDesk
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Squid Game cryptocurrency soars 2300% in first few days - BBC News
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Cryptocurrency Prices Today: Ethereum Surges Nearly 10%, Shiba Inu Plunges 22% - Moneycontrol
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Federal police confiscate largest ever haul of ill-gotten cryptocurrency - Sydney Morning Herald
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High Court asks RBI, SBI to respond to plea to revoke prohibition on use of UPI for ... - The Hindu
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Penn becomes first Ivy League school to accept cryptocurrency as tuition - The Business Journals
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Loopring price is now up more than 40%, after its GitHub leaked code confirm that it is partnering with GameStop to produce NFTs
Submitted October 28, 2021 at 09:39PM by sparttann https://ift.tt/3bnyQy5 https://ift.tt/2Z7cX2s
GameStops NFT Marketplace will feature gas-free, instant transactions.
Submitted October 28, 2021 at 10:37PM by TuaTurnsdaballova https://ift.tt/3bqoayE https://ift.tt/2Z7cX2s
Can’t be stopped, won’t be stopped. True decentralization
Submitted October 28, 2021 at 10:29PM by Gunnar_S_Thompson https://ift.tt/3bqpode https://ift.tt/2Z7cX2s
Matt Damon: Fortune favours the brave
Submitted October 28, 2021 at 09:43PM by simplelifestyle https://ift.tt/2ZqE5uh https://ift.tt/2Z7cX2s
Bitcoin Drops About $3,000 in a Flash as Volatility Increases - Bloomberg
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Bitcoin Daily: Matt Damon Now Face of Crypto.com | PYMNTS.com
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UK Police Seize Bitcoin Worth $2.8 Million From Teen Operating Scam Website - Bitcoin News
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Bitcoin is coming for higher education—just look at what Wharton is doing | Fortune
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Bitcoin, ether rally, dogecoin up 25% while Shiba Inu falls 20%. Check cryptocurrency prices today
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How To PROTECT Cryptocurrencies From Hackers - Rediff.com Get Ahead
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Islamic Organization in Indonesia Issues Fatwa Against Cryptocurrency - Bitcoin News
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Bitcoin is amazing
I starting buying Bitcoin in April and when it dipped this sub convinced me to hodl and dca. I kept buying though the dip and this is the first time in my life I have any type of financial buffer. Bitcoin is magic
Submitted October 28, 2021 at 09:00PM by Live_Material_265 https://ift.tt/3BjBGyM https://ift.tt/2Z7cX2s
Daily Discussion, October 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 October 29, 2021 at 12:04AM by rBitcoinMod https://ift.tt/2ZFVz6f https://ift.tt/2Z7cX2s
Thursday, October 28, 2021
Please vote on the governance polls to get an extra % of karma next distribution! I summed them up for you in this post.
Hi all!
As you know it's moon week now and this means we can vote on governance polls! These polls are a democratic way to add/adjust some rules in this sub. For the first poll you get an extra 5% and each extra poll will get you an additional 1,25% karma next month.
Governance polls summed up until now:
1) CCIP-021 - Temporarily sort comments by newest first after a post is submitted.
2) Moons Enhancement Prioritization Poll
https://np.reddit.com/r/CryptoCurrency/comments/qhbo2f/moons_enhancement_prioritization_poll/
3) CCIP-20- Reduce Contribution Points Gained From Link Posts by 35%
4) CCIP-019 - Disable Live Posts
https://np.reddit.com/r/CryptoCurrency/comments/qh2l1z/ccip019_disable_live_posts/
Have a good day all!
Submitted October 28, 2021 at 04:22AM by ChemicalGreek https://ift.tt/3EsYy0R https://ift.tt/2Z7cX2s
The mentality of a meme coin investor
You are sitting there on your swivel chair in front of the PC, neck slumped forward from years of bad posture, watching your portfolio slowly bleed out for the 100th time. You are browsing coin market cap and see that another fucking dog coin has somehow entered the top 100. This one is called Shiba Inu. You just shake your head and go back to browsing.
A few weeks later you notice that it's somehow broken into the top 50. "probably nothing" you think, and alt-tab back into Steam.
Another month goes by. Somehow Shiba just keeps gaining value. You discover an entire subreddit dedicated to the coin. You read some of the comments. "those poor, deluded fools" you think to yourself, sniggering away. You go to sleep knowing that's its only a matter of time before the dump happens.
A week later the dump does indeed happen. Shiba loses 40% in a matter of hours. You race to the CryptoCurrency subreddit to join the rest of the neckbeards gleefully posting about people losing money. "how could people not know its a scam lmao" you post with cheetos encrusted fingers.
A few months go by, and Shiba is all but forgotten. But while browsing twitter looking for Cardano's latest hype tweet, you notice that Elon Musk has tweeted a picture of his new dog which looks suspiciously like a Shiba breed. Before you could leave a scathing reply, you notice that Shiba gained 100% in the past hour. Shiba is now in the top 30.
"What the fuck!" you angrily post in the IOTA subreddit. "How does a meme coin have more value than my precious feeless coin? We have partnerships!" you go to bed in a daze.
Some time goes by, and then one day you wake up and realize Shiba has been listed on Coinbase overnight. "What kind of people are running Coinbase?" you think to yourself. "if I was the CEO, I would list NANO, doesn't coinbase care about making money?" "Bunch of idiots"
Shiba is now in the top 20. There is at least 10 posts a day in /r/CryptoCurrency talking about people who have made life changing gains. You downvote every one of them, but still don't invest.
Shiba gains another 100% over the following 2 days. A bad feeling starts gnawing away inside your brain. "why didn't a invest earlier?" you moan out loud. Your favourite coin, Stellar, is slowly bleeding out while this shitcoin is mooning day by day. That evening, you read a post "if you just invested $1000 few months ago, you would be a millionaire right now". You spend a sleepless night in bed.
On the bus ride to work next day, you watch Tik Tok videos of 18 year olds driving their lambos and giving investment advice to the seasoned bankers of Wall Street. "All thanks to Shiba" they say with a shit eating grin. Shiba has now passed Doge Coin by market cap. Upon arriving at work, a coworker asks you condescendingly "how's that Vechain invesent going bro? You must have made bank." he claps you on the back and walks away laughing. The secretary at your company overhears this and asks you how to buy Shiba. You give her an incredulous look. "But if Shiba goes to $1, I'll be a millionaire!" She smiles at you expectantly. You manage to choke down your rage and walk away.
When checking blockfolio while taking a shit on company time, you discover that Shiba has gained another 70% in the past hour. Shiba is now number 6 on coin market cap. Something inside you snaps. You race back home that evening and YOLO 10k into Shib. You get the funds by selling your precious Bitcoin. "it's not like Bitcoin is becoming more and more adopted, its old and slow technology" is your final thought before closing Brave.
Before you go to sleep, you check your portfolio one last time. Your well researched portfolio consisting of coins which are making a difference in the world is down 10%. Shiba is up another 25%. "so this is what it feels like" you think to yourself.
That night, in some dark corner of the internet, the 4-5 billionaires who have been manipulating the market and Internet forums these past 6 months check their algorithms and trading bots. Enough new retail investors have FOMO'd in. "time to open the short positions".
When waking up the next morning, you discover Shiba is down over 50%. Panicking, you search the Internet for answers. It turned out that 3-4 large wallets controlled over 60% of the Shib supply, and they all decided to sell at the same time. Gnashing your teeth, you sell back into bitcoin at a 60% loss. "I'll never touch meme coins again".
That evening, you notice that a new meme coin called Kisha Inu has entered the top 100....
Submitted October 28, 2021 at 01:22AM by NoPerspective3234 https://ift.tt/3Cmtdw0 https://ift.tt/2Z7cX2s
German national TV tell ppl to dont store cash in the system and go Crypto
https://www.youtube.com/watch?v=TwbNBR9-nm0
watch with english subs
Submitted October 28, 2021 at 04:38AM by zir_ https://ift.tt/3CpbCDO https://ift.tt/2Z7cX2s
CBDC Could Increase Nigeria’s GDP by $29 Billion in 10 Years: President Buhari
The Nigerian president, Muhammadu Buhari, suggested in a recent speech that the new e-naira central bank digital currency (CBDC) could lead to an increase in the value of his country’s GDP by $29 billion in ten years.
Africa’s First CBDC
President Buhari made bold remarks in his speech at Monday’s launch of the e-naira CBDC, stating: “Indeed, some estimates indicate that the adoption of CBDC and its underlying technology, called blockchain, can increase Nigeria’s GDP by US$29 billion over the next 10 years.” In addition to boosting Nigeria’s GDP, President Buhari suggested that such a digital currency might help move more people and businesses from the informal sector to the formal sector.
Although he acknowledges that many countries are still in the research and experimental stages, the Nigerian leader insists that the Central Bank of Nigeria (CBN) — which he says has been investigating CBDCs since 2017 — is well-positioned to launch the digital currency.
In his speech, published by Premium Times, Buhari gives his reasons for approving the CBN’s request to explore the possibility of issuing what is now Africa’s first CBDC. He explained:
This move was underpinned by the fact that the CBN has been a leading innovator in the form of money they produce, and in the payment services they deploy for efficient transactions. They have invested heavily in creating a payment system that is ranked in the top ten in the world and certainly the best in Africa.
E-Naira to Boost Monetary Policy Effectiveness
According to the president, it is on the basis of this payment system — as well as the central bank’s support of several private‐sector initiatives to improve the existing payments landscape — that CBN is qualified to issue the e-naira.
However, despite his high praise of Nigeria’s financial system, President Buhari said the pilot phase of the CBDC rollout will need to be closely monitored and supervised. Finally, when successfully tested, the e-naira is expected to help increase remittances, foster cross-border trade, improve financial inclusion, and make monetary policy more effective.
What do you think of President Buhari’s comments about the e-naira? Tell us what you think in the comments section below.
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OK, let's see what else does this sub NOT recommend?
So I can buy a metric shitload of it. And finally make bank.
I mean, this is insane. Sub says sell BNB, bcs Binance sucks and BNB is centralized, which the sub does not want. BNB pumps. Sub recommends SOL, I buy SOL, it dumps bcs of a bug and SOL team halts the entire blockchain. Sub says this is centralized coin, not good, sell SOL, I sell. It pumps. Sub says buy QNT, I buy QNT, it dumps. Sub says buy ERG, I buy ERG, it dumps.
I make some money on a dog named coin (got in on second day of it pumping 50-60% a day), make a small profit. Sub says sell it, I sell it. At 0.000025. It pumps 300% in a freakin' week (from the day I sold), while everything else is dropping like crazy.
So, let's make some money now. I'm betting against this sub.
Best two answers get $50 each. betting on the opposite outcome, of course.
Submitted October 28, 2021 at 02:32AM by giddyup281 https://ift.tt/3nuMwNm https://ift.tt/2Z7cX2s
Biden on Bitcoin
Submitted October 28, 2021 at 02:11AM by NeedleworkerNo2874 https://ift.tt/3jK4bzw https://ift.tt/2Z7cX2s
⚡ Lightning Thursday! October 28, 2021: Explore the Lightning Network!⚡
The lightning network is a second-layer solution on top of the Bitcoin blockchain that enables quick, cheap and scalable Bitcoin payments.
Here is the place to discuss and learn more about lightning!
Ask your questions about lightning
Provide reviews, feedback, comparisons of LN apps, services, websites etc
Learn about new LN features, development, apps
Link to good quality resources (articles, wikis etc)
Resources:
-
Here is an awesome list of resources compiled by Jameson Lopp: https://www.lopp.net/lightning-information.html
-
Want to test out your lightning fire power? tip the Bitcoin devs! https://bitcoindevlist.com/
-
Previous threads: Search
-
Lnbook getting closer towards being finished and can already be seen at: https://github.com/lnbook/lnbook
-
Lightning Dedicated YouTube Channel: https://youtube.com/renepickhardt
-
Also there is the playlist by chaincode labs: https://youtube.com/playlist?list=PLpLH33TRghT17_U3as2P3vHfAGL8pSOOY
-
Lightning stores: https://www.lightningnetworkstores.com/
-
Learn more and talk about lightning right here in r/Bitcoin, r/bitcoinbeginners, r/thelightningnetwork, and the r/Bitcoin chat
Submitted October 28, 2021 at 01:10AM by rBitcoinMod https://ift.tt/3mmHXFH https://ift.tt/2Z7cX2s
FII: SoftBank investing in blockchain assets but steers clear of cryptocurrencies - The National
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Here Is Why Cryptocurrencies Are So Volatile - Outlook India
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El Salvador adds nearly $25 mln in bitcoin to state coffers, says president | Reuters
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How To Invest In Cryptocurrencies | Bit Rebels
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I Quit. I am free.
Hi all,
I wrote a post yesterday that I was considering quitting my job and yes. I submitted my resignation letter today.
Packed my stuff in the office and bid farewell to my colleagues but not my boss. This past 6 years have been torturous, affected my mental health by a lot and had to take medication as a result. Fortunately, today, I feel free.
Not sure if anyone is experiencing this right now, or has experienced it before but the feeling is priceless.
I'm going to be a full-time moon farmer and hopefully get the support of the community through my research about different crypto tokens. I know that these topics won't get much upvote but I hope there will be people supporting me in my journey.
Bless all of you.
\Today is Day 0 of me doing full-time in cryptocurrency as a publisher. Hope I can get support from the community. 6 months of reserve left for my family and I**
Submitted October 27, 2021 at 11:48PM by OnlyFundamentals https://ift.tt/2ZyNVdO https://ift.tt/2Z7cX2s
Slovenia Launches Public Consultations on Crypto Taxation Law
Authorities in Slovenia have prepared new legislation tailored to determine how crypto holdings and transactions are taxed in the country. The proposal, aimed at clarifying the matter, has been submitted for public consultations this week, local media reports revealed.
Slovenia to Amend Tax Rules for Cryptocurrencies
The Finance Ministry in Ljubljana has opened public consultations on a draft law regulating cryptocurrency taxation, Slovenian media reported. The legislation is based on proposals made by the Financial Administration of the Republic of Slovenia (FURS), which were announced in August of this year.
The amendments are expected to simplify the tax scheme pertaining to crypto assets. Under current rules, the taxable income from virtual currency operations depends on the circumstances in each case, and the tax office has to check numerous transactions made by taxpayers between purchases, sales, and conversions.
Under the upcoming regulations, the state will adopt a 10% flat tax for individuals exchanging cryptocurrency for fiat money. The same rate will be applicable to purchases made with digital coins. According to the Slovenian press, the yearly threshold for tax liability has been set at €15,000 (approx. $17,500).
If approved, the new tax regime would affect only private individuals and not those who hold cryptocurrency as an asset of their businesses. The Finance Ministry has estimated that the tax could accumulate between €100,000 ($116,000) and €500,000 ($580,000) annually in the first few years after its introduction.
Other changes concerning tax regulations in the EU member state are coming in the form of amendments to the income tax law due to enter into force on Jan. 1, 2022. Lawmakers have decided that these can be discussed further by the Finance Committee before they are approved or rejected by the legislature.
One of the key proposals is to reduce tax on capital and increase the general income tax allowance, media reports unveiled. The government’s intentions were criticized by the center-left opposition parties which boycotted the vote as 43 members of the Slovenian parliament supported the plan and three voted against it.
Slovenia, a small, bitcoin-friendly nation in Southeast Europe, has established itself as a leader in crypto adoption on the Old Continent. According to a report from last year, cafés, restaurants, hotels, hair salons, and sports facilities are among over 1,000 locations across the country that accept various cryptocurrencies for their services and offerings.
Do you think Slovenia’s new tax legislation will benefit cryptocurrency users? Let us know in the comments section below.
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Bitcoin miners fund floats amid crypto ETF race - AFR
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Here's why analysts say Bitcoin ETFs may 'completely change the structure of the market'
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Bitcoin, ether, other cryptos fall while Shiba Inu surges 70%. Check cryptocurrency prices today - Mint
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El Salvador Buys $25 Million USD Worth of Bitcoin | HYPEBEAST
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Daily Discussion, October 28, 2021
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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 October 28, 2021 at 12:08AM by rBitcoinMod https://ift.tt/3pHLmkn https://ift.tt/2Z7cX2s
Dallas Mavericks announce cryptocurrency brokerage deal with Voyager
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Voyager Digital Becomes the Official Cryptocurrency Brokerage Partner of the Dallas Mavericks
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NY Assembly Holds Hearings on Cryptocurrency Mining - WSKG
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GiveCrypto Review - An Online Cryptocurrency Donation Platform - unblock.net
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El Salvador President Buys the Dip, Adds 420 Bitcoin to Treasury
Submitted October 27, 2021 at 06:30PM by angelwriter https://ift.tt/3nxWbTz https://ift.tt/2Z7cX2s
Wednesday, October 27, 2021
Miami-Dade County Cryptocurrency Task Force and American CryptoFed DAO Thank ... - WRDW
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Cryptocurrency Trading: Timing, Price Fluctuation, Other Key Things To Know - NDTV.com
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Expats are looking to crypto to dodge remittance fees: Is India stepping on its own toes with ...
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What exactly is Catgirl, and why is the price increasing? New cryptocurrencies have ...
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Panel Discussion - Cryptocurrencies - Eventbrite
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What have you learned by owning Crypto over the months/years in one sentence?
Investing in cryptocurrency has undoubtedly been incredibly volatile, as many of you are aware. During May, everyone thought we were on the verge of a Crypto winter, and the sentiment was pessimistic across the board.
However, I feel that many of us in the community remained strong and were able to maintain a dollar cost average over this time period in 2021. However, there were many more big drops for those who held on after 2013.
What have you truly learned from holding your crypto over the months/years, in one line, to those new and OG members in this community?
"Buy when others are fearful, sell when others are greedy" I'll say first, in one sentence.
What are your thoughts on this? I'm curious to know what this community thinks.
Submitted October 26, 2021 at 09:49PM by PartTimeAnalyst https://ift.tt/3BkIsEi https://ift.tt/2Z7cX2s
Don't ditch your alts if they haven't pumped yet
I think it's easier said than done, but if you're holding an alts that has been moving sideways for awhile and you start to see other alts pump, that is the worst possible time to jump ship and try to catch the ride up. Coins will pump at different times, and if you're holding a quality coin, or anything really in the top 10-20, odds are that it will have its day so just be patient and hodl on. Try looking for quality projects that are below their ath versus chasing ones creating new ath's every day.
Submitted October 26, 2021 at 08:06PM by fbaker https://ift.tt/3CmDubu https://ift.tt/2Z7cX2s
Bitcoin is going to go parabolic. Better buy now.
The US Democrats are proposing a bill to tax the some 700 billionaires. Since I can comfortably say we are all under that threshold save Elongated Muskrat’s secret Reddit account when he lurks here, Mitt Romney basically flat out stated that it’ll basically force the extremely wealthy to purchase other hard assets and basically flee the stock market that has been giving protections to the masses via their job security and padding their IRAs and 401k. When they destroy capitalism and move towards a socialist society, that’s when you see the billionaires get pushed against the wall and Bitcoin hit $1m at the very least.
Also, I am aware that the wealth tax is just a temporary measure until they start implementing it to the middle class. I can just hope society as a whole can stop irresponsible fiscal policy.
Submitted October 26, 2021 at 06:39PM by JeremyLinForever https://ift.tt/3jZCYt9 https://ift.tt/2Z7cX2s
LBank: Focusing on Real Estate and Finance, SimbCoin Swap Is Making an Impact on the African Market
PRESS RELEASE. Blockchain that provides an environment of security, transparency and traceability is an innovative technology that applies in various kinds of life activities. For Africa, it is an opportunity for evolving and making changes. The SimbCity – SimbCoin Swap project, a solution for real estate and finance, is making an impact on the African market with the power of blockchain technology.
The project could be viewed as two parts that complement each other, for the real estate part, there is SimbCity project that focuses on booming African tourism industry. In Africa, currently more than 63 million visitors are being received every year, and this number is expected to grow even larger by the year of 2027, which will be astounding 110 million. SimbCity project concentrates on real estate located on popular touristic area of Africa like Kribi, to ensure that it chooses the best locations with minimal expenses and supply reliability for each division.
As for the finance part, there is a token called SimbCoin Swap (SMBSWAP), which is based on the ERC20 system from Ethereum. It offers a new and unique approach to invest in the crypto field, generates rewards from tangible luxurious markets such as real estate, and is integrated by eco-sustainable energy and an extraordinary form of BTC crypto-mining.
The total supply of SMBSWAP token is 150 million (i.e. 150,000,000 SMB SWAP), 60% of it was for private sale, and 40% has been provided for public sale, investors can buy SMBSWAP on LBank Exchange right now, and there is also a special staking event provided, investors can enjoy 20% APY without locking on LBank Exchange, gaining interest which will be settled daily by just holding the SMBSWAP tokens.
Backed by GIT
Global Investment Trading (GIT) was founded in May 2017 following the success story of its promoter, the crypto-millionaire Emile Parfait SIMB. It is a business development center and a private crypto investment fund as well.
In 2018, the company embarked on new projects such as e-commerce, trading platform and numerous investments in the livestock sector, agriculture, catering and real estate. In 2019, with success and continuous growth, GIT launched a project named Liyeplimal Africa Tour that ensured its presence in 24 African countries and three e-commerce sites in Madagascar (Limarket Mada), Dubai (Liportal) and Cameroon (Limarket).
Today, GIT is made up of more than 8,000 crypto-investors, members in more than 55 countries across the world, 7 representation head offices, an association charity (Odette Liyeplimal Association), 3 e-commerce sites (Limarket Cameroon, Limarket Mada, Liportal), a trading platform (SIMTREX), a recruitment platform (Workoo), a restaurant (Liyeplimal restaurant), a currency of exchange (Liyeplimal money), an agropastoral farm, a driving school center and a crypto ecosystem (SimbCoin Swap).
Beginning of the adventure
GIT has already proven its portfolio with all the successful projects and products it is holding and managing. But this is still just the beginning of the adventure, the collaboration with Cameroon State vision made it possible to launch SimbCity project in the seaside town Kribi, and with the innovative blockchain technology, SimbCoin Swap was launched for proceeding the fundraising of SimbCity.
In addition, by being listed on trading platforms including LBank Exchange, SMBSWAP token now can be reached by users from all around the world, which helps the project draw more attention and further expand its global market. SimbCoin Swap is on its way to make an even bigger impact on Africa, and eventually achieve its goal of reaching a secure, prosperous and sustainable future.
Official website:https://www.simbcoin.net
Contact Details:
LBK Blockchain Co. Limited
LBank Exchange
marketing@lbank.info
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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Tesla Informs SEC It May Restart Transacting In Cryptocurrencies – Featured Bitcoin News ...
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Facebook Steps Toward Cryptocurrencies - IEEE Spectrum
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U.S. regulators exploring how banks could hold crypto assets – FDIC chairman | KELO-AM
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Offerings | Cryptocurrency - Palantir
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Daily Discussion, October 27, 2021
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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 October 27, 2021 at 12:00AM by rBitcoinMod https://ift.tt/3jFupn2 https://ift.tt/2Z7cX2s
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US banking regulators are developing clearer guidelines for banks that deal with ... - Markets Insider
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Tesla Informs SEC It May Restart Transacting In Cryptocurrencies – Featured Bitcoin News ...
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Facebook Steps Toward Cryptocurrencies - IEEE Spectrum
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U.S. regulators exploring how banks could hold crypto assets – FDIC chairman | KELO-AM
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Offerings | Cryptocurrency - Palantir
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Daily Discussion, October 27, 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.
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Submitted October 27, 2021 at 12:00AM by rBitcoinMod https://ift.tt/3jFupn2 https://ift.tt/2Z7cX2s
Tuesday, October 26, 2021
Buccaneers news: Tom Brady shares Bitcoin payment to get 600th TD ball - ClutchPoints
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Cryptocurrency News: Major Developments On Bitcoin, New Cryptos And NFTs - Moneycontrol
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Tom Brady giving Bucs fan who returned 600th TD a Bitcoin | CBS 17
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Tom Brady giving Bucs fan who returned 600th TD a Bitcoin - WREG.com
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Player Wins a $120000 Jackpot on Slot Game, Wish Granted by King Elvis - Bitcoin News
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How do you take profits in crypto?
Me along with many others in this sub are new to crypto within the last few months. Everything moves much faster than stocks and I’ve seen many posts in the daily about how to take profits.
I know many people say to DCA in and when you’ve reached your goal DCA. So far I’m up over 100-250% on multiple coins in the last 2 months and taking profits is the hardest part, due to the fact that I’m worrying about missing out on more gains.
So what are some recommendations for me and others about taking profits. What types of goals do you set for when you want to cash out, do you wait till your up X% amount and then take out your initial investment or do you take out 20% for example and then as it continues to rise X amount more you take out another 20% or so?
Please share some helpful tips.
Submitted October 25, 2021 at 10:08PM by coopeygfvv https://ift.tt/2Zt3IuQ https://ift.tt/2Z7cX2s
I made $2 of profit. AMA
Yes, you are seeing right. Your eyes or your mind is not playing tricks on you. It is possible to profit in the cryptosphere. 5 months ago i bought $100 worth of EOS and a month later another $100. After 5 long months of HODLING I am finally in the green. 1% profit.
You can ask me anything and I will answer truthfully so you can feed of off this success story and create your own. You want to make 2 dollars in 5 months ? I am right here to teach you that shit. Before you know it you might profit 3-4 or maybe 5 dollars and buy a toy lambo. Who knows?
Submitted October 25, 2021 at 06:55PM by OberynMartell94 https://ift.tt/3Be12ya https://ift.tt/2Z7cX2s
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Daily Discussion, October 26, 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!
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Join us in the r/Bitcoin Chatroom!
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Submitted October 26, 2021 at 12:07AM by rBitcoinMod https://ift.tt/3mexLiD https://ift.tt/2Z7cX2s
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Start-up CGU Raises $2.5 Million USD in Third Public Round
PRESS RELEASE. A crypto platform Crypto Gaming United (CGU), which has joined the crypto exchange TimeX on the 18th of october, made $2.5 million in a record-breaking six seconds since public token trading began. One of the co-founders of the project is a crypto-currency, DeFi and blockchain app entrepreneur Sergei Sergienko born in Russia.
CGU operates on the principles of uber-economy. Gamers don’t need to spend money on the initial purchase of NFT-characters. The platform rents them out to players in exchange for a share of their daily income. Meanwhile the games themselves reward players with income proportionate to their in-game skill and performance.
The open market sale of GCU tokens became the third and final investment round. For context, previously the seed and pre-IDO rounds had ended at $5 million and $10 million respectively. The tokens released during these rounds have a blocking period with a 3 year rights transfer schedule. This means that CGU’s tokens are now only available on the secondary market.
There were 10 million the GCU tokens available for sale in total, at the price of $0.25 each. In 6 seconds after the market opened, all tokens had been bought out.
“Success of every project is always measured by the market. We never expected the demand to be high enough to sell all the tokens in under 6 seconds. This makes it even more pleasant to realize the importance of the gaming crypto platform CGU to the market, and to feel the support coming from the project’s community” – the co-founder of the project Sergei Sergienko notes.
The next step for CGU according to Sergei is committing to the plan publicized in the token’s emission prospect – the company intends to increase the number of active players on the platform to a hundred thousand in the nearest future. The gathered funds will also be used for creation and development of CGU and DAO communities for the project.
Overall, Crypto Gaming United attracted $17.5 million during the 3 investment rounds. The total volume of CGU’s emission is 1 billion tokens, 26% of which belong to investors.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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Janet Yellen Proposes Tax On Coins You Acquire In Mario
Submitted October 25, 2021 at 10:20PM by thereelphil https://ift.tt/3CeJCTm https://ift.tt/2Z7cX2s
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Bitcoin price will exceed $130,000 in December, according to Plan B
Submitted October 25, 2021 at 09:25PM by WillianBo https://ift.tt/3Cj8adG https://ift.tt/2Z7cX2s
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ProExplainer | What are cryptocurrencies and should you jump onto the bandwagon? - Moneycontrol
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Shiba Inu Cryptocurrency at Record High Sunday Night, Tumbles After Musk Tweets He ...
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Mastercard to enable direct support for cryptocurrencies on its network By BTC Peers - Investing.com
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I made $2 of profit. AMA
Yes, you are seeing right. Your eyes or your mind is not playing tricks on you. It is possible to profit in the cryptosphere. 5 months ago i bought $100 worth of EOS and a month later another $100. After 5 long months of HODLING I am finally in the green. 1% profit.
You can ask me anything and I will answer truthfully so you can feed of off this success story and create your own. You want to make 2 dollars in 5 months ? I am right here to teach you that shit. Before you know it you might profit 3-4 or maybe 5 dollars and buy a toy lambo. Who knows?
Submitted October 25, 2021 at 06:55PM by OberynMartell94 https://ift.tt/3Be12ya https://ift.tt/2Z7cX2s
Daily Discussion, October 26, 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 October 26, 2021 at 12:07AM by rBitcoinMod https://ift.tt/3mexLiD https://ift.tt/2Z7cX2s
Start-up CGU Raises $2.5 Million USD in Third Public Round
PRESS RELEASE. A crypto platform Crypto Gaming United (CGU), which has joined the crypto exchange TimeX on the 18th of october, made $2.5 million in a record-breaking six seconds since public token trading began. One of the co-founders of the project is a crypto-currency, DeFi and blockchain app entrepreneur Sergei Sergienko born in Russia.
CGU operates on the principles of uber-economy. Gamers don’t need to spend money on the initial purchase of NFT-characters. The platform rents them out to players in exchange for a share of their daily income. Meanwhile the games themselves reward players with income proportionate to their in-game skill and performance.
The open market sale of GCU tokens became the third and final investment round. For context, previously the seed and pre-IDO rounds had ended at $5 million and $10 million respectively. The tokens released during these rounds have a blocking period with a 3 year rights transfer schedule. This means that CGU’s tokens are now only available on the secondary market.
There were 10 million the GCU tokens available for sale in total, at the price of $0.25 each. In 6 seconds after the market opened, all tokens had been bought out.
“Success of every project is always measured by the market. We never expected the demand to be high enough to sell all the tokens in under 6 seconds. This makes it even more pleasant to realize the importance of the gaming crypto platform CGU to the market, and to feel the support coming from the project’s community” – the co-founder of the project Sergei Sergienko notes.
The next step for CGU according to Sergei is committing to the plan publicized in the token’s emission prospect – the company intends to increase the number of active players on the platform to a hundred thousand in the nearest future. The gathered funds will also be used for creation and development of CGU and DAO communities for the project.
Overall, Crypto Gaming United attracted $17.5 million during the 3 investment rounds. The total volume of CGU’s emission is 1 billion tokens, 26% of which belong to investors.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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Janet Yellen Proposes Tax On Coins You Acquire In Mario
Submitted October 25, 2021 at 10:20PM by thereelphil https://ift.tt/3CeJCTm https://ift.tt/2Z7cX2s
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Bitcoin price will exceed $130,000 in December, according to Plan B
Submitted October 25, 2021 at 09:25PM by WillianBo https://ift.tt/3Cj8adG https://ift.tt/2Z7cX2s
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Janet Yellen Proposes Tax On Coins You Acquire In Mario
Submitted October 25, 2021 at 10:20PM by thereelphil https://ift.tt/3CeJCTm https://ift.tt/2Z7cX2s
Bitcoin price will exceed $130,000 in December, according to Plan B
Submitted October 25, 2021 at 09:25PM by WillianBo https://ift.tt/3Cj8adG https://ift.tt/2Z7cX2s
Monday, October 25, 2021
Top Cryptocurrency News On October 25: Major Stories On Bitcoin, Shiba Inu & Ethereum
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Cryptocurrency : An alternative economic world - Times of India
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Accurate
Submitted October 24, 2021 at 11:44PM by s3k2p7s9m8b5 https://ift.tt/3CbnIQP https://ift.tt/2Z7cX2s
Reddit Seeks Senior Engineer for Platform That Features ‘NFT-Backed Digital Goods’
On Friday, American social news aggregation and discussion website, Reddit published a job listing seeking a senior backend engineer for a non-fungible token (NFT) platform. As part of Reddit’s development team, the new hire would help “design, build and ship backend services for millions of users to create, buy, sell and use NFT-backed digital goods.”
Reddit’s Job Application Is Looking for a Senior Engineer for a Possible NFT Platform
Reddit seems to be in the midst of creating a non-fungible token (NFT) feature on its platform and from a recent job description it seems to be a marketplace. Reddit is seeking a “senior backend engineer” for its “NFT platform,” the recently added job listing explains.
Reddit has already dipped its feet into cryptocurrency solutions and blockchain technology by leveraging Ethereum and Arbitrum. The job listing for a new engineer dedicated to NFT technology has a different focus than the firm’s community points system.
“If there is one thing we’ve noticed with NFTs, they too have an incredible power to create a sense of participation and belonging,” Reddit’s job post details. “With every new NFT project, a vibrant community of owners pops up with it. Fans of today’s biggest creators and brands are now flocking to buy digital goods directly from them — to support them, to gain exclusive access, and to feel a greater sense of connection with them.”
The company’s job listing adds:
Over time, we believe this will only grow, and NFTs will play a central role in how fans support their favorite creators and communities.
Reddit: ‘Experience With Crypto / NFTs / Go Not Required’
While the job description has multiple requirements like over five years of backend development experience, experience with cryptocurrencies, NFTs and the programming language Go is “not required.”
The backend, however, definitely will be dedicated to non-fungible token (NFT) services. The new senior backend engineer for the NFT platform will “design, build and ship backend services for millions of users to create, buy, sell and use NFT-backed digital goods,” Reddit’s listing notes.
Furthermore, the Reddit job listing explains that the company is accommodating in regards to the pandemic and the job can be done from a remote location.
What do you think about Reddit seeking an engineer dedicated to its NFT platform? Let us know what you think about this subject in the comments section below.
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