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Thursday, June 30, 2022

⚡ Lightning Thursday! June 30, 2022: 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:



Submitted June 30, 2022 at 01:17AM by rBitcoinMod https://ift.tt/8skFE2t https://ift.tt/qcQmJKf

Report: Taiwan’s Central Bank May Need 2 Years to Complete Work on CBDC

Taiwan’s central bank is yet to conclude work on its central bank digital currency (CBDC) and according to the bank’s governor, the institution may need two more years to finish its work, a report has said. Some of the bank’s next tasks include winning the public’s support, ensuring the system is stable, and building the currency’s legal framework.

Simulating Use of the CBDC

Some two years after work on Taiwan’s central bank digital currency (CBDC) commenced, the governor of the country’s central bank, Yang Chin-long, recently revealed that his organization is still working on the project. Yang warned the central bank may need as long as two years to complete the task.

Yang, who spoke at a digital currencies forum, also disclosed the central bank had been simulating the use of the CBDC in what a Reuters report called a closed-loop environment. However, the same report said the central bank now faces three key tasks. These include communicating and ultimately winning the public’s support, ensuring the system is stable, and building the currency a legal framework.

According to the report, the governor also conceded that the entire process may last more than the anticipated two-year period.

While the Taiwanese people are reported to be more accustomed to using cash, Yang said the central bank had to consider the fact that future generations will likely use digital currencies more than they use physical cash.

“We still have to push forward. After all, most of the young people in the future will use mobile phones, so we have to think about the next generation,” Yang is quoted in the report explaining.

What are your thoughts on this story? Let us know what you think in the comments section below.



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Crypto Lending Scheme Implosions Make Bitcoin Stronger

Bitcoin is a decentralized technology which is unstoppable. No government nor any bank can change or control it. No one can take it away from you.

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Daily Discussion, June 30, 2022

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 June 30, 2022 at 12:07AM by rBitcoinMod https://ift.tt/8FezHbU https://ift.tt/qcQmJKf

Aren’t BTC whales kinda inadvertently making Bitcoin centralised??

I mean, I’m probably asking a stupid question but I’d be keen to hear other peoples knowledge and opinions on this



Submitted June 29, 2022 at 04:51PM by reddituser888 https://ift.tt/UrWLA1K https://ift.tt/qcQmJKf

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/SLPuHI4
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Aren’t BTC whales kinda inadvertently making Bitcoin centralised??

I mean, I’m probably asking a stupid question but I’d be keen to hear other peoples knowledge and opinions on this



Submitted June 29, 2022 at 04:51PM by reddituser888 https://ift.tt/UrWLA1K https://ift.tt/qcQmJKf

Wednesday, June 29, 2022

Snoop Dogg: Crypto Bear Market ‘Weeded Out’ Those ‘Abusing the Opportunities’

https://ift.tt/ioCaDmN

Submitted June 28, 2022 at 09:43PM by elumeus https://ift.tt/vu2Aebt https://ift.tt/nzkIjm5

Crypto Losses? Koinly Reveals 5 Tax Hacks You Need Now

PRESS RELEASE. With crypto markets down around 50% in the past month and over 70% from their highs in late 2021, many crypto investors are searching for answers after their profits from the last few years have evaporated into the ether.

Following the incredible bull market, crypto investors enjoyed over 2020 and 2021; you may now find yourself nursing losses rather than gains ahead of the upcoming tax season. Crypto tax platform Koinly shares 5 little-known tax hacks you need to know after the crypto crash.

1. Pay less tax by holding

Want to avoid paying tax on crypto? While you can’t dodge your tax obligations entirely – there are quite a few ways you can optimize your tax position. But here’s the catch, you’ll need to do it before the end of the financial year to pay less tax overall.

You’ve probably heard it before, but the easiest way to pay less crypto tax is to simply HODL. In many jurisdictions, holding your crypto investment (or other assets like shares) for longer than one year qualifies any gains as long-term capital gains. Depending on where you live, any crypto sold 12 months after purchasing is:

  • Tax-free in Germany
  • Discounts capital gains tax by 50% in Australia
  • Taxed at lower tax rates of 0%, 15% or 20% in the US, depending on individual income over the year

2. Tax-free gains

Tax-free thresholds on your capital gains can help you automatically owe less tax. In the UK, individuals have a CGT allowance of up to £12,300 before paying tax. Germany has a relatively low threshold of €600, while Australians have no such allowance. If you’re in the US, the IRS states any individual’s income under $40,400 pays no Capital Gains Tax.

Knowing the tax-free maximum for capital assets in your country is a great way to help determine your crypto disposal strategy, so make sure you understand how crypto is taxed wherever you are.

  1. Offset your gains with losses via tax-loss harvesting

Tax-loss harvesting allows you to claim capital losses by recognising and selling your assets at a capital loss. These capital losses may be carried forward against future capital gains and even over multiple financial years.

For example, if you made $10,000 after buying and selling Bitcoin but lost $10,000 after selling your Ether, you won’t owe any tax since you broke even. This also works if you’ve had a good year in share trading, you can offset those gains with crypto losses.

However, if you have an unrealized loss and do not crystallize it by selling before the end of the current financial year, you won’t be able to take advantage of this capital loss until next year’s tax return.

Be careful of wash sales rules which prohibit selling assets at a loss to create an artificial loss this financial year, then immediately repurchasing them. To avoid this, you can swap one crypto for another cryptocurrency or sell and buy a different cryptocurrency (sell ETH for USDC and then buy BTC).

  1. Track your crypto to spot opportunities

Tax offices, including the IRS, HMRC and ATO, demand investors keep detailed records over at least 3-5 years. With shares, this may be easy, but in crypto, with dozens of different wallets, hundreds of blockchains, multiple exchanges, DeFi protocols and NFT platforms, it can be a headache come tax time.

Using crypto tax software like Koinly not only helps you file your crypto taxes in half the time, but it can also help you track your unrealised gains and losses for each asset throughout the financial year.

5. Pick the best cost basis method

When calculating your crypto taxes – the cost basis method you use matters. It dictates which of your assets you’ve sold and how much your subsequent capital gain or loss is.

First in, first-out (FIFO) tends to produce the highest gains but may lower your tax bill if a long-term CGT discount applies in your country. Alternatively, last in, last out (LIFO) usually produces the lowest gains but may increase the tax rate you pay due to paying short-term CGT.

Koinly supports both of the above cost basis methods (and more) – so check out your settings to see which accounting method could produce the lowest tax liability. Talking to an accountant about your crypto taxes can be helpful for you to navigate any confusion and ensure you’re doing the right thing while still optimizing your taxes.

About Koinly: Koinly calculates your crypto taxes for you, catering to investors and traders at all levels. Whether it’s Crypto, DeFi or NFTs, the platform helps you save valuable time by reconciling your holdings to generate a compliant tax report in under 20 minutes. Sign up today and see how much you owe!

 


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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Daily Discussion, June 29, 2022

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 June 29, 2022 at 12:03AM by rBitcoinMod https://ift.tt/ZYI4BsD https://ift.tt/nzkIjm5

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Key Bitcoin price metrics say BTC bottomed, but traders still fear a drop to $10K

As the headwinds impacting global financial markets beat down all traces of bullish sentiment, many crypto investors are predicting that Bitcoin ...

from Google Alert - Bitcoin https://ift.tt/aHJGeRb

Bitcoin and Ethereum Relatively Muted, APE and BTT Rally - Crypto News

Bitcoin price is holding the key USD 20000 support. Ethereum is facing resistance near USD 1250, XRP is consolidating near USD 0.35.

from Google Alert - Bitcoin https://ift.tt/UlHgF9E

SEC May Have Good News for Bitcoin - TheStreet

"Many of these financial assets, crypto assets, have the key attributes of a security... some like bitcoin, and that's the only one, Jim, I'm going to ...

from Google Alert - Bitcoin https://ift.tt/cTWy3Fg

El Salvador Betting Its Future On Bitcoin…What? - The Coin Republic

The bitcoin crash has seen over 65%, erasing a huge percentage of the token's value. President Bukele still bullish on buying the dip— mentioned in a ...

from Google Alert - Bitcoin https://ift.tt/3eZEdF4

Daily Discussion, June 29, 2022

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 June 29, 2022 at 12:03AM by rBitcoinMod https://ift.tt/ZYI4BsD https://ift.tt/nzkIjm5

Tuesday, June 28, 2022

Crypto Liquidations Settle As Bitcoin Recovers Above $21,000 - NewsBTC

Bitcoin alone has recorded more than $43 million in liquidations while Ethereum liquidations have come out to more than 24K ETH liquidated, amounting ...

from Google Alert - Bitcoin https://ift.tt/TaYBuXS

FBI Arrests 2 Men Planning 'Violent' Robbery of Bitcoin Worth Millions of Dollars — They Face 20 Years in Prison

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Submitted June 27, 2022 at 11:10PM by Wabi-Sabibitch https://ift.tt/VNvpCy5 https://ift.tt/liMShO5

Daily Discussion, June 28, 2022

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!

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Submitted June 28, 2022 at 12:02AM by rBitcoinMod https://ift.tt/rcb6Yok https://ift.tt/liMShO5

Cryptoys Raises $23 Million to Mix NFTs, Gaming, and Virtual Toys

cryptoys

Cryptoys, an NFT-based startup, announced it has raised $23 million in a Series A funding round led by a16z. The company, which seeks to mix NFTs with the world of gaming and virtual toys, will create what it calls a “cryptoyverse,” in which it will also implement play-to-earn features and issue its own tokens.

Cryptoys Raises $23 Million in Series A Round

The NFT market is facing a slump phase that is affecting prices and the popularity of NFT projects recently. However, there are projects that have managed to stay afloat and even thrive. One of them is Cryptoys, an NFT startup that has announced the completion of a successful funding round.

The Series A funding round, which raised $23 million, was led by a16z crypto, with the participation of other companies and firms including Mattel, Dapper Labs, Draper & Associates, Acrew Capital, Coinfund, Animoca Brands, and Sound Ventures.

The company will use these funds to further develop its own platform, dubbed “cryptoyverse,” which aims to entice a younger crown to engage with NFTs and play-to-earn services on top of the Flow blockchain, the same tech used by Dapper Labs to deploy its well known NBA Top Shot app.

About the inclusion of younger users in this play-to-earn and gaming platform, Cryptoys’ CEO Will Weinraub stated:

You have to take a step back from all of this Web3 maximalism. You’ve got to take baby steps to getting millions and millions of people to these new paradigms.

Arianna Simpson, a general partner of a16z, who also participated in the seed round of the company, stated:

The high caliber of creative and storytelling from the Cryptoys team is primed to delight and excite the next generation of consumers and collectors.

Operations and Partnerships

The company also announced that it would pursue alternative activities, including gaming activities where users can win NFTs to get onto the platform. For monetization, the platform is planning to issue a pair of tokens, Toyken and Binary Dust.

Cryptoys recently entered a partnership with Mattel, which also contributed to this funding round, to bring some of the classic toy lines of the company into its world. According to reports, these IPs might include toys like Hot Wheels, Barbie, and Masters of the Universe, but none have been confirmed as of yet by the company. These will be sold as avatars to be used in Cryptoys’ cryptoyverse.

What do you think about Cryptoys’ $23 million Series A funding round? Tell us in the comments section below.



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Bitcoin's Price Drop Can Help Environment? - The Coin Republic

Bitcoin is powered by this mechanism. The crypto miners use electricity to complete for validate a transaction and for which they are incentivized ...

from Google Alert - Bitcoin https://ift.tt/CEFxbZ1


from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/LBsjOmx
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Bitcoin's Price Drop Can Help Environment? - The Coin Republic

Bitcoin is powered by this mechanism. The crypto miners use electricity to complete for validate a transaction and for which they are incentivized ...

from Google Alert - Bitcoin https://ift.tt/CEFxbZ1

Monday, June 27, 2022

Nearly 3 months later, Bored-Ape themed restaurant stops accepting crypto as payment.

https://ift.tt/s7ejC4g

Submitted June 26, 2022 at 08:38PM by Business-Typical https://ift.tt/ZamjrxG https://ift.tt/hx1MfFv

No Country Can Stop Bitcoin Revolution , Says British Parliament Member

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Submitted June 26, 2022 at 10:54PM by Tejas_LiMan https://ift.tt/Rfjr6CW https://ift.tt/hx1MfFv

My Liquidity Partner (MLP) Is Now Available for Trading on LBank Exchange

PRESS RELEASE. INTERNET CITY, DUBAI, Jun. 27, 2022 – LBank Exchange, a global digital asset trading platform, has listed My Liquidity Partner (MLP) on June 23, 2022. For all users of LBank Exchange, the MLP/USDT trading pair is now officially available for trading.

Utilizing liquidity partners’ crypto within the liquidity pools, My Liquidity Partner (MLP) enables them to receive a weekly passive income from a major DEX with over $1 Trillion U,S. Dollar in trade volume. Its native token MLP has been listed on LBank Exchange at 22:00 (UTC+8) on June 23, 2022, to further expand its global reach and help it achieve its vision.

Introducing My Liquidity Partner

My Liquidity Partner (MLP) is a way of making its liquidity partners’ crypto create an extra source of weekly passive income for them without spending hours in front of the charts. It utilizes their crypto within the liquidity pools, runs on Uniswap, with its advanced algorithms and experts it’s able to give its Liquidity Partner’s a WEEKLY return on their position. It offers liquidity partners a guarantee that it’ll match their ETH or BTC with its own pledged crypto.

Liquidity Partner of MLP receives starting at 0.75% and as high as *2.50% on their Ethereum (ETH) as a partnership fee. Partner can choose weekly payouts or “Hyper-Compounding” way as an option. BTC, SHIBA, and USDC pools are also available to those Liquidity Partners. The USDC pool has a slightly lower weekly return rate, but its virtues are counted for its stability (being a stable coin). The BTC pool is for those who want to participate in a larger yield pool, as the minimum deposit is 0.5 BTC, and for those crypto natives who hold SHIBA, it also has a pool for them. (*Limited time offer & other promotional offers may apply)

There’re several advantages of MLP that users will be able to enjoy, such as returns of estimated 117% APR & 218% APY with Hyper-Compounding, no lock in period so that users are able to withdraw at any time. Furthermore, all permanent risk associated with pool management is absorbed within the platform, and not by the Liquidity Partner.

MLP has a team of experts working from around the world, it provides a skillfully developed platform, with complex smart contract automation. It’s a highly secured platform, with customer service agents that are accessible every day, and each partner must complete a full KYC approval prior to engaging.

About MLP Token

The MLP token is a loyalty reward token for My Liquidity Partner’s existing Liquidity Pool Partners as a show of appreciation for its Partners participation in its program. The token allows those who can’t afford to participate in the pool to join with the MLP token, and still reap rewards from the platform, whilst having access to immediate liquidity. The token will also be a staking and farming token, on a variety of the largest decentralized exchanges.

Based on ERC-20, MLP has a total supply of 10 billion (i.e. 10,000,000,000) tokens, of which 8% is provided for token sale, 10% is provided for incentives, 30% will be used for providing liquidity on DEX and CEX, another 30% is allocated for LP rewards, 8% is provided for reserve fund, 7% is allocated to the team and advisors, 5% is provided to the community, ambassadors and partners, and the rest 2% will be used for development.

The MLP token has been listed on LBank Exchange at 22:00 (UTC+8) on June 23, 2022, Anybody who are interested in My Liquidity Partner program can easily buy and sell MLP token on LBank Exchange right now. The listing of MLP on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.

Learn More about MLP Token:

Official Website: https://myliquiditypartner.com

Telegram: https://t.me/MyLiquidityPartner

Facebook: https://www.facebook.com/mysmartcontract.io

LinkedIn: https://www.linkedin.com/company/myliquiditypartner/

About LBank Exchange

LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 7 million users from now more than 210 regions around the world.

Start Trading Now: lbank.info

Community & Social Media:

l Telegram

l Twitter

l Facebook

l LinkedIn

l Instagram

l YouTube

Contact Details:

LBK Blockchain Co. Limited

LBank Exchange

marketing@lbank.info

business@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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Bitcoin on Twitter: " https://t.co/NEGALpyDdO" / Twitter

@Bitcoin. Pretty accurate, now do this with the 1 quadrillion bond market aka the backbone of the fiat ponzi we all partake in.

from Google Alert - Bitcoin https://twitter.com/Bitcoin/status/1541193328468692992

Daily Discussion, June 27, 2022

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 June 27, 2022 at 12:10AM by rBitcoinMod https://ift.tt/iae4TG8 https://ift.tt/hx1MfFv

My Liquidity Partner (MLP) Is Now Available for Trading on LBank Exchange

PRESS RELEASE. INTERNET CITY, DUBAI, Jun. 27, 2022 – LBank Exchange, a global digital asset trading platform, has listed My Liquidity Partner (MLP) on June 23, 2022. For all users of LBank Exchange, the MLP/USDT trading pair is now officially available for trading.

Utilizing liquidity partners’ crypto within the liquidity pools, My Liquidity Partner (MLP) enables them to receive a weekly passive income from a major DEX with over $1 Trillion U,S. Dollar in trade volume. Its native token MLP has been listed on LBank Exchange at 22:00 (UTC+8) on June 23, 2022, to further expand its global reach and help it achieve its vision.

Introducing My Liquidity Partner

My Liquidity Partner (MLP) is a way of making its liquidity partners’ crypto create an extra source of weekly passive income for them without spending hours in front of the charts. It utilizes their crypto within the liquidity pools, runs on Uniswap, with its advanced algorithms and experts it’s able to give its Liquidity Partner’s a WEEKLY return on their position. It offers liquidity partners a guarantee that it’ll match their ETH or BTC with its own pledged crypto.

Liquidity Partner of MLP receives starting at 0.75% and as high as *2.50% on their Ethereum (ETH) as a partnership fee. Partner can choose weekly payouts or “Hyper-Compounding” way as an option. BTC, SHIBA, and USDC pools are also available to those Liquidity Partners. The USDC pool has a slightly lower weekly return rate, but its virtues are counted for its stability (being a stable coin). The BTC pool is for those who want to participate in a larger yield pool, as the minimum deposit is 0.5 BTC, and for those crypto natives who hold SHIBA, it also has a pool for them. (*Limited time offer & other promotional offers may apply)

There’re several advantages of MLP that users will be able to enjoy, such as returns of estimated 117% APR & 218% APY with Hyper-Compounding, no lock in period so that users are able to withdraw at any time. Furthermore, all permanent risk associated with pool management is absorbed within the platform, and not by the Liquidity Partner.

MLP has a team of experts working from around the world, it provides a skillfully developed platform, with complex smart contract automation. It’s a highly secured platform, with customer service agents that are accessible every day, and each partner must complete a full KYC approval prior to engaging.

About MLP Token

The MLP token is a loyalty reward token for My Liquidity Partner’s existing Liquidity Pool Partners as a show of appreciation for its Partners participation in its program. The token allows those who can’t afford to participate in the pool to join with the MLP token, and still reap rewards from the platform, whilst having access to immediate liquidity. The token will also be a staking and farming token, on a variety of the largest decentralized exchanges.

Based on ERC-20, MLP has a total supply of 10 billion (i.e. 10,000,000,000) tokens, of which 8% is provided for token sale, 10% is provided for incentives, 30% will be used for providing liquidity on DEX and CEX, another 30% is allocated for LP rewards, 8% is provided for reserve fund, 7% is allocated to the team and advisors, 5% is provided to the community, ambassadors and partners, and the rest 2% will be used for development.

The MLP token has been listed on LBank Exchange at 22:00 (UTC+8) on June 23, 2022, Anybody who are interested in My Liquidity Partner program can easily buy and sell MLP token on LBank Exchange right now. The listing of MLP on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.

Learn More about MLP Token:

Official Website: https://myliquiditypartner.com

Telegram: https://t.me/MyLiquidityPartner

Facebook: https://www.facebook.com/mysmartcontract.io

LinkedIn: https://www.linkedin.com/company/myliquiditypartner/

About LBank Exchange

LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 7 million users from now more than 210 regions around the world.

Start Trading Now: lbank.info

Community & Social Media:

l Telegram

l Twitter

l Facebook

l LinkedIn

l Instagram

l YouTube

Contact Details:

LBK Blockchain Co. Limited

LBank Exchange

marketing@lbank.info

business@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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Sunday, June 26, 2022

Netherlands-Based Coinbase Customers Required to Submit KYC Data When Transferring Crypto off the Platform

Netherlands-Based Coinbase Customers Required to Submit KYC Data When Transferring Crypto off the Platform

Coinbase has announced that the company plans to introduce a number of changes for customers in the Netherlands in order to comply with the 1977 Sanctions Act, a law that recently applied know-your-customer (KYC) guidelines to non-custodial wallets. If the person living in the Netherlands wants to send crypto to a third-party wallet via Coinbase, they must identify the wallet owner’s name, the purpose of transfer, and the full residential address of the recipient.

On June 27, Coinbase Says KYC Info Will Be Required in the Netherlands for Outgoing Crypto Transfers

Dutch Coinbase customers may have a harder time sending funds to people with a third-party or non-custodial wallet if they don’t provide KYC information. Starting on June 27, 2022, Coinbase will require users from the Netherlands to provide KYC data if they plan to send crypto to a wallet off the Coinbase platform.

Coinbase says the new rules are being applied because the company must comply with local regulations. The 1977 Sanctions Act coupled with the Money Laundering and Terrorist Financing Prevention Act (Wwft) requires virtual asset service providers (VASPs) to provide KYC data on outgoing transactions involving non-custodial and third-party wallets.

The 1977 Sanctions Act is codified by the Dutch Authority for Financial Markets (AFM) and Netherlands Central Bank (DNB). This means that Coinbase, or any Dutch VASP for that matter, must identify who the crypto transfer is going to and the purpose of the transaction.

When Coinbase applies the new rule to Dutch customers, they can check a box that notes the transfer is being sent to themselves. However, if the Coinbase customer from the Netherlands wants to send funds outside of Coinbase to another individual, they must provide identity details.

Jeff Garzik Expects the KYC Rule to Expand Beyond the Netherlands

Coinbase’s blog post to Netherlands customers says they must provide a “full name,” the “purpose of transfer,” and the “full residential address of the recipient.” If the person does not know the address, they need to stop and get the information before proceeding.

“We are required to collect additional information for all transactions where a customer in the Netherlands sends crypto from their Coinbase exchange account to an address that is not controlled by Coinbase,” the crypto trading platform’s blog post explains.

While the new rule is only for customers in the Netherlands, there’s concern the regulatory approach could happen in other countries.

“Only the Netherlands for now, but expect this to expand,” former Bitcoin Core developer Jeff Garzik said on Twitter. “Don’t blame Coinbase – they know its antithetical to most crypto users, and would not do this voluntarily. Travel Rule enforcement will be an ugly battleground. LEA wants to surveil all parties in all transactions.”

Garzik added:

Current crowd advice: Always deposit from, and withdraw to, your own wallet. It’s a good idea for security, privacy and accounting reasons, as well as legal.

What do you think about the new Coinbase rules being applied to residents from the Netherlands? Let us know what you think about this subject in the comments section below.



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Reminds me of the Bitcoin charts

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Submitted June 25, 2022 at 11:07PM by kohng332 https://ift.tt/RimInHJ https://ift.tt/PaU8NQK

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The Richest Bitcoin Whale in Existence Now Has Over $2,763,000,000 in BTC After Massive Series of Transactions

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Submitted June 25, 2022 at 11:12PM by Wabi-Sabibitch https://ift.tt/GmXIMJu https://ift.tt/PaU8NQK

Daily Discussion, June 26, 2022

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 June 26, 2022 at 12:06AM by rBitcoinMod https://ift.tt/icg64sU https://ift.tt/PaU8NQK

Northstar on Twitter: "When #Bitcoin broke below the yellow circle in early May I issued this ...

Bitcoin update - Bearish rising wedge and inverted arc - not a good look, ... otherwise the downside beckons #Altseason2021 #Crypto #Bitcoin #LINK ...

from Google Alert - Bitcoin https://twitter.com/NorthstarCharts/status/1536329923333349376

Teen Makes $700,000 Selling Action Figures of Bored Apes to Adult Children

https://ift.tt/dNePn7U

Submitted June 25, 2022 at 09:44PM by ImaFreemason https://ift.tt/REIYizA https://ift.tt/PaU8NQK

Reminds me of the Bitcoin charts

https://ift.tt/Rudt608

Submitted June 25, 2022 at 11:07PM by kohng332 https://ift.tt/RimInHJ https://ift.tt/PaU8NQK

Saturday, June 25, 2022

Daily Discussion, June 25, 2022

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 June 25, 2022 at 12:00AM by rBitcoinMod https://ift.tt/KsxrwaP https://ift.tt/9FpjIPm

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Logarithmic Finance (LOG), ApeCoin (APE) & Bitcoin (BTC): Effective Risk Management Strategies ...

Logarithmic Finance (LOG), ApeCoin (Ape), and Bitcoin (BTC) are promising cryptocurrencies to invest in, especially during this crypto price ...

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Japanese Virtual IP Firm Raises $10 Million to Accelerate Metaverse Business

Brave Group Inc., a Japanese virtual IP firm, recently said it had raised $10 million in new capital and that the company expects to use part of these funds to boost its “solution services for clients in the metaverse marketing business.” Taking part in Brave Group’s latest funding round were two local companies, foreign investment funds, as well as individual investors.

Metaverse Market Growth

A Japan-based virtual IP business, Brave Group Inc., recently said it had raised $10 million in new funding, thus bringing the total raised so far to $18 million. The company is set to use the new capital to strengthen its existing business operations and to “expand its solution services for clients in the metaverse marketing business.”

In a recent statement, Brave Group revealed that Japanese companies like Dawn Capital and Osaka Gas Co. Ltd. had participated in the round that also featured “foreign investment funds and individual investors.” In remarks following the announcement of the capital raise, Kazuhiro Ishikura, a general partner at Dawn Capital, said:

As the boundary between real and virtual life disappears, the form of entertainment will also change, and new IP content KOLs are expected to be born. As the metaverse market grows globally, we believe that the Brave group’s content will be at the center of the enthusiastic virtual communities that will emerge. We hope that the strength of the anime and manga culture that Japan has cultivated over the years will be brought to the world virtually.

Yuichi Sakamoto, senior general manager with Osaka Gas’ innovation department, is quoted stating his company is ready to help Brave Group Inc. “realize lifestyles and businesses that respond to the New Normal.”

For his part, the CEO of Brave Group Inc., Keito Noguchi, said through the $10 million fundraise, his company would now “maximize the impact of Brave group’s IP not only in Japan but also in the world.”

What are your thoughts on this story? Let us know what you think in the comments section below.



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Saddle․Finance Creates New Standards for DeFi Trading

DeFi is a sub-sector in the crypto industry that has witnessed significant innovation since its inception. However, the narrative has struggled to stay consistent, affecting the domain overall. The current bear market has wiped out more than half of DeFi Total Value Locked (TVL), hampering innovations. Furthermore, several projects have simply forked (copied) existing protocols and brought zero ideas to the market.

Amidst all of this, one project is making strides with the best innovations DeFiers have seen in a long time. Saddle Finance is the protocol that enables efficient DeFi trading for stablecoins and pegged-value crypto assets like wETH and wBTC. It redefines DeFi trading by offering cheap, efficient, swift, and low-slippage swaps for traders and high-yield pools for Liquidity Providers. The protocol has facilitated over $2B in transaction volume to date.

Enabling an Efficient and Secure DeFi Trading Experience

Saddle Finance is an AMM-based decentralized exchange (DEX) running on multiple blockchains, including Ethereum, Fantom, Arbitrum, Optimism, and Evmos. It is designed specifically for trading stablecoins and pegged crypto assets.

The platform is ideal for HODLers and newbies because of its easy-to-use interface. Its strongest point, however, is that it ensures minimum slippage while swapping assets. This is accomplished through innovative liquidity pools that use the StableSwap mathematical formula to maintain market liquidity.

The protocol is also known for its top-notch security. It has been audited by some of the best auditing firms in the sector, including Certik, Quantstamp, and OpenZeppelin. Moreover, the platform is backed by several renowned venture capital firms like Polychain Capital, Electric Capital, Dragonfly Capital, Framework, Coinbase Ventures, Nascent, and BoostVC.

The project’s most intriguing aspect is its open collaboration. Saddle’s code is completely open-source, inviting Web3 developers to join the mission and build on top of the protocol. Moreover, its recent SEMPI project has enabled developers to get compensated for developing and forking the protocol.

$SDL: The Utility Rich Token Powering Saddle Ecosystem

$SDL is the native utility token of Saddle Finance. Its use cases revolve around staking, yield farming, and governance. The platform recently announced the completion of $SDL’s first vesting stage. Thus, users who provided funds to its liquidity pools can now trade and transact $SDL tokens.

They can also stake $SDL on saddle.exchange to earn rewards and receive the $veSDL tokens. $veSDL is the vote escrowed (ve) token that will serve as the platform’s governance token. Stakers will be able to vote with $veSDL and manage the $SDL supply in associated liquidity pools. Beyond that, users can provide liquidity to the SDL/WETH pair on SushiSwap

In the future, Saddle also plans to create more initiatives to take the protocol to the next level. These include migrating to on-chain governance, adding liquidity to $SDL through Tokemak, and introducing a new gauge to unlock extra staking yield boosts. The protocol will also issue bonds through Olympus Pro to generate more protocol-owned value.

Similarly, launching a borrowing function against liquidity providers and adding leveraged yield farming through Rari Capital’s Fuse is also part of the plan. Lastly, Saddle intends to improve its virtual swaps and launch new services where users can deploy their own customizable pools.

Building the Future of DeFi

Although the current bear market has hit DeFi hard, the sector’s long-term potential is enormous. Innovations are critical in keeping this space alive. Saddle Finance is thus heavily focused on creating innovative solutions in DeFi. Its stableswap model, along with robust tokenomics, is an excellent example of genuinely innovative solutions.

The $SDL token and its utilities across various protocols clearly indicate token-level innovation. It is now tradable on the platform. Join the emerging revolution by staking $SDL on saddle.exchange—contribute to DeFi’s future while earning passive income.

 

 


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Bitcoin and Ether Might Break Through Resistance! Top Cryptocurrency Prices Today

The Bitcoin price has finally risen above the US$21k mark, and the only hope now is that the crypto retains this resistance and moves forward.

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Daily Discussion, June 25, 2022

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 June 25, 2022 at 12:00AM by rBitcoinMod https://ift.tt/KsxrwaP https://ift.tt/9FpjIPm

Friday, June 24, 2022

NoVa Battles’ NoVa (NVA) Token Is Now Listed in Bitrue

PRESS RELEASE. NoVa Battles has taken another step forward by completing another major milestone, being listed on Bitrue. The centralized exchange, Bitrue, has announced that NVA passed the BTR Vote on the 21st of June, 2022. The launched listing pair is NVA/USDT. Deposits for this coin (ERC20 Network Supported) have already been enabled. NVA Token holders can now trade on Bitrue here: https://www.bitrue.com/trade/nva_usdt

Withdrawals for this coin will be enabled approximately 24 hours after trading begins.

The NoVa Battles team is excited to bring you another chance to get in on the action. We are going to be announcing most listings soon.

Successful Nova Battles ICO

Nova battles; a play, invest, and earn crypto game has successfully achieved its target a day ahead of schedule. 850 million NVA Token were sold to its worldwide community through the MaskEx platform. This has paved the way for this game to be here for a long time, growing in popularity and complexity. The company is aiming to use all funds raised to improve the game’s stability, functionality, and overall design with very special news on the way for players. You can register for the game at this link: https://play.novabattles.com

Uniswap and MaskEx

The core team have finalized the launch of the token on Uniswap. The initial price is set at 0.003 USDT/NVA. Uniswap is a decentralized exchange and it allows the users to easily swap tokens. The next centralized listing will be on MaskEx; which is a long-term partner with NoVa Battles. The listing is set to go live on the week of the 23rd of June, 2022.

Community

The NoVa Battles community has grown exponentially as more people discover the game and provide feedback, ideas, and suggestions. The players are excited to see NoVa Battles become a MOBA play-to-earn game that hosts tournaments and enters esports competitions. Gamers in Southeast Asia are now collaborating with the company to make sure that the game can be enjoyed by all gamers, as well as non-gamers. The core team is available on the game’s official Discord channel here: https://discord.com/invite/NoVaBattles

By joining their community, you can get involved in the whole development of the game, earn exclusive content and incentives during the prelaunch phase, and take part in making the game even better.

Earning Mechanism

In NoVa Battles, the player can earn ETH and NVA at the same time by using their NFT Called NoVa Soul. The earning rate will be based on the level and attribute of your NoVa Soul. The NoVa Soul can obtain during the pre-sale, Buy in P2P marketplace, Rent in P2P marketplace, and crafted. NoVa Souls enable the players to earn NoVa (NVA) and Ethereum (ETH). Based on the growth points (GP), earning rate (ER), NoVa Soul level, and the account points – the players will be awarded NVA and ETH on a bi-weekly basis.

To know more about all things related to NoVa Battles you can follow their official socials by clicking this link: https://shor.by/NoVaBattles

 

 


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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Bitcoin & The Resurgence Of The Bearer Asset | ZeroHedge

Bitcoin & The Resurgence Of The Bearer Asset. Tyler Durden's Photo. by Tyler Durden. Thursday, Jun 23, 2022 - 07:41 PM.

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Get your money out of all “yields” and Stablecoins immediately

Your money your choice. But all these “20% APY” yield services are slowly stopping withdrawals. Most companies will become insolvent.

If anyone listened to Powell speak, he hinted towards a US Stable coin in 2023. Most likely will bring regulation to all other stable coins and crack down on them. I’m pretty sure everyone here knows Tether isn’t fully backed and it’s a matter of time before the house of cards falls.

This isn’t fud, just trying to help some people out there. No need to sell your BTC, ETH or any other projects you believe in. But be very cautious with yields and stable coins. Ideally it’s best to hold your own coins in cold storage. Keep stacking



Submitted June 23, 2022 at 06:13PM by Additional-Apple-492 https://ift.tt/fm3CTAr https://ift.tt/QUug3tO

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This aged well…



Submitted June 23, 2022 at 04:12PM by Nigel_Hyndman https://ift.tt/GaED2gt https://ift.tt/QUug3tO

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Bitcoin & The Resurgence Of The Bearer Asset | ZeroHedge

Bitcoin & The Resurgence Of The Bearer Asset. Tyler Durden's Photo. by Tyler Durden. Thursday, Jun 23, 2022 - 07:41 PM.

from Google Alert - Bitcoin https://ift.tt/4hWwzVe

Get your money out of all “yields” and Stablecoins immediately

Your money your choice. But all these “20% APY” yield services are slowly stopping withdrawals. Most companies will become insolvent.

If anyone listened to Powell speak, he hinted towards a US Stable coin in 2023. Most likely will bring regulation to all other stable coins and crack down on them. I’m pretty sure everyone here knows Tether isn’t fully backed and it’s a matter of time before the house of cards falls.

This isn’t fud, just trying to help some people out there. No need to sell your BTC, ETH or any other projects you believe in. But be very cautious with yields and stable coins. Ideally it’s best to hold your own coins in cold storage. Keep stacking



Submitted June 23, 2022 at 06:13PM by Additional-Apple-492 https://ift.tt/fm3CTAr https://ift.tt/QUug3tO

This aged well…



Submitted June 23, 2022 at 04:12PM by Nigel_Hyndman https://ift.tt/GaED2gt https://ift.tt/QUug3tO

Thursday, June 23, 2022

Coinbase made a huge mistake allowing “reviews.”

Anyone else noticed how pointless and stupid the “review” system is? Why the hell would you create the ability for people to review a shitcoin? Get on your CB mobile app and look yourself at how stupid and pointless the “reviews” are. All the reviews seem to be are people posting rocketship emojis and outright lying and saying whatever to get a bag pumped. It’s like discord groups pick a crypto (as we already know they do) to pump but now the process is on crack bc they can post “reviews” and verbalize the process to try and get innocent people to buy in. It’s toxic as hell and makes the company look terrible. Like wtf CB!



Submitted June 22, 2022 at 09:35PM by CoosBaked https://ift.tt/tm2qBfP https://ift.tt/vwBVPfo

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Bitcoin: The End Of The Throne (BTC-USD) | Seeking Alpha

The cryptocurrency bubble is crashing just as the internet bubble did in the early 2000s. Find out why we are bearish on Bitcoin here.

from Google Alert - Bitcoin https://ift.tt/62BsPet

Bitcoin Rejected At $21K, Why A Retest Of The Lows Could Be Positive - NewsBTC

Bitcoin seems on the verge of re-testing previous support levels. The number one cryptocurrency has been experiencing a persistent downside which ...

from Google Alert - Bitcoin https://ift.tt/CsqV7NB

Satoshi Nakamoto and the Origins of Bitcoin -- Narratio in Nomine, Datis et Numeris - arXiv

The mystery about the ingenious creator of Bitcoin concealing behind the pseudonym Satoshi Nakamoto has been fascinating the global public for more ...

from Google Alert - Bitcoin https://ift.tt/gwytCWh

Bitcoin, Ethereum not as decentralized as expected: DARPA - Watcher Guru

According to security company Trail of Bits, distributed ledger technology (DLT) and blockchains like Bitcoin (BTC) and Ethereum (ETH) may be more ...

from Google Alert - Bitcoin https://ift.tt/Ybos1yw

Binance.US' Zero-fee Bitcoin Trading May Trigger Fee War for Exchanges - Blockworks

Binance.US now offers zero-fee trading on four bitcoin spot market pairs and has plans to add other tokens to the no-fee list in the future.

from Google Alert - Bitcoin https://ift.tt/0dBfpoO

Coinbase made a huge mistake allowing “reviews.”

Anyone else noticed how pointless and stupid the “review” system is? Why the hell would you create the ability for people to review a shitcoin? Get on your CB mobile app and look yourself at how stupid and pointless the “reviews” are. All the reviews seem to be are people posting rocketship emojis and outright lying and saying whatever to get a bag pumped. It’s like discord groups pick a crypto (as we already know they do) to pump but now the process is on crack bc they can post “reviews” and verbalize the process to try and get innocent people to buy in. It’s toxic as hell and makes the company look terrible. Like wtf CB!



Submitted June 22, 2022 at 09:35PM by CoosBaked https://ift.tt/tm2qBfP https://ift.tt/vwBVPfo

Wednesday, June 22, 2022

Miners have started to dump their bitcoin holdings. Public miners sold more than 100% of their production in May, a massive increase from the usual 25-40%.

https://ift.tt/MrgXFoW

Submitted June 21, 2022 at 11:08PM by cryptopunk661 https://ift.tt/tjBWQez https://ift.tt/VaheAGT

Daily Discussion, June 22, 2022

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 June 22, 2022 at 12:07AM by rBitcoinMod https://ift.tt/d2g4rh9 https://ift.tt/VaheAGT

Telegram Launches Premium Tier Benefits Seeking to Monetize Platform

telegram

Popular messaging platform Telegram has announced it is launching a new premium tier of its services as it seeks to monetize a part of its userbase. Reaching more than 700 million active users monthly, the new tier answers to the need of these users for more bandwidth and storage capacity, according to Pavel Durov, CEO of the company.

Telegram’s New Premium Tier to Expand User Functionality

Telegram, one of the most popular messaging apps in cryptocurrency circles, has announced it will introduce a paid premium tier of its services that will allow its users to access new features and expand upon some that are already available. The move comes as the company seeks to monetize a good part of its userbase, which recently reached a milestone of 700 million monthly active users.

The premium tier is an answer to the requirements of a set of users that wanted to upgrade their bandwidth and storage from within the app, according to CEO Pavel Durov. He stated:

After giving it some thought, we realized that the only way to let our most demanding fans get more while keeping our existing features free is to make those raised limits a paid option.

Among the new features available for paid users are the extension of the number of channels that they can follow — 1,000, up from the 500 that the free tier offers — and also the creation of 20 chat folders with 200 chats in each folder. The pricing for this new service tier has not been disclosed as of writing, but according to Techcrunch, estimates are close to the six-dollar mark.

Road to Monetization

This is not the first attempt from Telegram to monetize services on the platform, which provides messaging and content management systems to thousands of individuals and companies at a worldwide level. The company introduced the feature of sponsored messages last year, allowing advertisers to put such messages in large channels with more than 1,000 subscribers.

However, the biggest attempt at monetization was the launch of Telegram’s own token, called gram. The initiative managed to gather more than $1 billion from investors all over the world but was ultimately shut down by the U.S. SEC, which issued a temporary restraining order against the company back in 2019. This led Telegram to drop the launch of the token, and to return the money to investors, also paying a fine to the institution.

What do you think about the new premium user tier to be launched by Telegram? Tell us in the comments section below.



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crypto.com is hilarious in their requests

I dunno if anyone else has experienced this but, because I travel outside of the country crypto.com must be spying on where my ip is coming from they want to know:

Upon routine review of your account, it appears that you are currently in ( outside of the country ). As such, we would like you to confirm the following information by replying to this email:

 1. Your country of residence

 2. Confirmation and reason for being (where you are)

 3. The length of your intended stay in (where you are)

 4. Please provide a recent (issued within the last 3 months) proof of address:

utility bill

correspondence from a Government department or agency

statement issued by a bank/financial institution, or an authorized insurer (should you use a credit card statement, please be sure to mask the card number).

Should you have any questions, please don’t hesitate to get in touch!

Kind Regards.

I told them to simply kiss my ass. I'm done with crypto.com. I do however admire the balls they have for being that blatantly invasive in an industry which is predicated on just the opposite. I am by the way a US citizen with a US bank account documents etc.



Submitted June 21, 2022 at 07:40PM by I_am_Jax_account https://ift.tt/mXUBpP7 https://ift.tt/VaheAGT

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Bitcoin Might Be on Reversal Edge According to This Indicator - U.Today

Bitcoin (BTC) extended its winning streak to a second day, holding over the $21000 mark.

from Google Alert - Bitcoin https://ift.tt/3psH5IS

crypto.com is hilarious in their requests

I dunno if anyone else has experienced this but, because I travel outside of the country crypto.com must be spying on where my ip is coming from they want to know:

Upon routine review of your account, it appears that you are currently in ( outside of the country ). As such, we would like you to confirm the following information by replying to this email:

 1. Your country of residence

 2. Confirmation and reason for being (where you are)

 3. The length of your intended stay in (where you are)

 4. Please provide a recent (issued within the last 3 months) proof of address:

utility bill

correspondence from a Government department or agency

statement issued by a bank/financial institution, or an authorized insurer (should you use a credit card statement, please be sure to mask the card number).

Should you have any questions, please don’t hesitate to get in touch!

Kind Regards.

I told them to simply kiss my ass. I'm done with crypto.com. I do however admire the balls they have for being that blatantly invasive in an industry which is predicated on just the opposite. I am by the way a US citizen with a US bank account documents etc.



Submitted June 21, 2022 at 07:40PM by I_am_Jax_account https://ift.tt/mXUBpP7 https://ift.tt/VaheAGT

Tuesday, June 21, 2022

Antminer S9K 14TH/s Bitcoin Miner, 1280W Asic BTC Miner SHA-256 Bitcoin Mining ...

S9k Bitcoin Mining Machine: Our Professional S9k Mining Machine has high computing power, high efficiency, and saves more electricity bills than ...

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Bitcoin Reclaims $20,000, Could It Lose Support Again? - NewsBTC

Bitcoin and other major altcoins have been on consistent free fall and even hit multi-yearly lows. BTC even touched $17000 mark this month.

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Bitcoin drops below $20,000 as crypto meltdown continues - KHBS

The price of bitcoin breached $19,000 and Ethereum fell below $1,000 Saturday morning, extending the brutal crypto bear market to new lows.

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Daily Discussion, June 21, 2022

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 June 21, 2022 at 12:09AM by rBitcoinMod https://ift.tt/cuZmqsT https://ift.tt/4ebyn1v

BOSO TOKYO Looks to Bring Japanese Culture to the World via Innovative Use of Metaverse Capabilities

Everyone would agree that the DeFi industry is absolutely booming right now, and for good reason. After all, there is an abundance of technological innovation right now through aspects such as cryptocurrencies, NFTs, P2E games, blockchain, and most recently the metaverse.

With that being said, it can often prove difficult to ascertain which projects in this sector are worth more than just the initial hype and can actually offer something of real value. This is where BOSO TOKYO comes in.

What is it?

Naturally, it is crucial to understand what something is before being comfortable enough to invest in it. In a nutshell, BOSO TOKYO is an initiative that wants to make a metaverse identity brand. One of the project’s primary goals is to hence introduce avatars to the metaverse. At its core, the ‘metaverse’ is essentially a fully digital space which may be copied and altered, in other words, it is a world without a specific identity.

Even if a user establishes their identity within a metaverse, they will most likely lose their identity when they move to another metaverse because their credit information would not be transferred. In addition, users obtain a website domain after creating a website, but in a metaverse, every user would have an avatar. BOSO TOKYO believes that users ought to be able to have a branded avatar as opposed to a generic, default one.

Moreover, the NFT (non-fungible token) avatars shall be sold with unique artwork created by Hidetaka Tenjin, a leading illustrator in Japan. Not only will PFP be available, but so will the distribution of high-quality 3D data as well as avatars which may then be brought into the metaverse space.

In this way, BOSO TOKYO may best be understood as a metaverse generative avatar initiative created by an official illustrator of popular projects such as Gundam and also the incredibly successful Star Wars franchise.

Can anyone join?

Although the BOSO TOKYO project has a lot of interesting and unique features, unfortunately not everyone can join. This is because BOSO is a brand meant for those who believe in the potential of the metaverse and its seemingly infinite possibilities and those who seek more excitement and independence. The BOSO team therefore wants to introduce the world to Japanese creators and culture through those individuals who can bring value to both the initiative and Japanese culture in general. As such, the team shall do its utmost to create a brand, a community, an opportunity, and a future with limitless potential via a special team. The project is also heavily inspired by Japanese biker gangs known as ‘BOSOZOKU,’ which are often viewed as symbols of freedom.

Who else is involved in this project?

One of the main highlights of BOSO TOKYO is the team behind it. As previously mentioned, Hidetaka Tenjin is part of the initiative as the ‘Main Designer’. He is a well-known Japanese creator and artist who works in a variety of fields, including voice acting. He is responsible for BOSO TOKYO’s avatar design. Apart from his work as an illustrator, he is a designer as well as an image board artist. He has also done mechanical art for the animations ‘Macross Zero,’ ‘Macross Frontier,’ and ‘Genesis of Aquarion,’ mechanical design for ‘Hellsing,’ ‘Macross Delta,’ and ‘Knights & Magic,’ creature design for ‘The Dance of Strings,’ and even CG for the movie ‘Saint Seiya LEGEND of SANCTUARY.’

Alongside Hidetaka, there is the ‘Creative Director’, Afromance. Having earned a degree in architecture from Kyoto University, he creates BOSO TOKYO’s overall creative design and worldview. In 2012, he hosted one of Ibiza’s most famous parties, the ‘foam Party’, for the first time in Tokyo. He also launched ‘Burning Japan,’ a Japanese version of ‘Burning Man’, a large-scale event with over 80,000 participants held in Nevada, U.S.A. During COVID-19, he created the online music festival ‘BLOCK.FES,’ which has over 2 million participants, and the ‘Drive-in Fest’, a music event which can be enjoyed in cars, among many other projects that generate worldwide enthusiasm.

Lastly, there is the person in charge of ‘Ideology and Manifesto Design’, Hisashi Oki, Japan Representative for Ledger, one of the world’s largest crypto currency wallet companies. Formerly, he was the head of brand marketing, PR and public relations at one of the world’s largest U.S. crypto currency exchanges, as well as the reporter for Cointelegraph Global and Editor-In-Chief of Cointelegraph Japan.

What else is there to know?

Like any other project, BOSO TOKYO has a roadmap which showcases much to look forward to. Firstly, there is ‘Revving’, which is the staking system used by the project. Exciting rewards are earned here as RPMs increase and combustion occurs, so to speak. Next, BOSO TOKYO also has limitless commercial use rights. Users who own a Hidetaka Tenjin-designed NFT will thus be given unrestricted commercial use rights and they can then freely utilize this access to generate figures, use it in advertisements, rent it out, and so on. Users will also be given exclusive access to the community as well as all the best events. NFT holders can additionally vote and obtain a wealth of advantages and benefits. Finally, the team shall provide avatars which can be taken to the metaverse so as to realize BOSO TOKYO’s vision of a true metaverse identity brand.

Final thoughts about BOSO TOKYO

After considering all of the above mentioned information, it is clear to see that BOSO TOKYO is one project that everyone needs to be keeping an eye on going forward. The team intends to host a large-scale event promotion soon with the goal of introducing Japanese culture to the rest of the world.

The website launched on June 13th, and a limited-quantity BOSO TOKYO NFT giveaway is currently underway. Those interested are being encouraged to review the details now for a chance to win a BOSO TOKYO NFT by completing a simple task.

Finally, visit the official website along with the relevant social media channels for more information and regular updates.

BOSO TOKYO Official Website: https://www.bosotokyo.com/

Twitter: https://twitter.com/BosoTokyo

Telegram: https://t.me/bosotokyo

 

 


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



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Will Clemente on Twitter: "So there's now a SHORT Bitcoin ETF, a Futures ETF, a closed end ...

So there's now a SHORT Bitcoin ETF, a Futures ETF, a closed end fund trading at a 30%+ discount, a 401K option for Bitcoin, but NO Spot ETF.

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Will Clemente on Twitter: "So there's now a SHORT Bitcoin ETF, a Futures ETF, a closed end ...

So there's now a SHORT Bitcoin ETF, a Futures ETF, a closed end fund trading at a 30%+ discount, a 401K option for Bitcoin, but NO Spot ETF.

from Google Alert - Bitcoin https://twitter.com/WClementeIII/status/1538891811011317760

Monday, June 20, 2022

Bitcoin's Price Climbs Above $20000 After Sharp Crypto Selloff - Wall Street Journal

The price of bitcoin rebounded above $20000, a level widely monitored by cryptocurrency enthusiasts, after a week of brutal selloffs in digital ...

from Google Alert - Bitcoin https://ift.tt/eiYmOMn


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Daily Discussion, June 20, 2022

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 June 20, 2022 at 12:08AM by rBitcoinMod https://ift.tt/b5TpmRQ https://ift.tt/t5OF4n0

Finally have .75

I’ve been DCA into crypto for the past year or so made few mistakes but at the end of it I swapped everything for bitcoin ended up with .50… Few weeks later I’m finally at a .75. I truly can not wait to be a whole coiner



Submitted June 19, 2022 at 09:22PM by FlTerpz https://ift.tt/76qDiPl https://ift.tt/t5OF4n0

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Sunday papers: Bitcoin price crashes as recession fears drive investors away - Citywire

The Sunday Times: Bitcoin crashed on Saturday morning to its lowest point in 18 months, tumbling below the key level of $20,000 as investors, fearful ...

from Google Alert - Bitcoin https://ift.tt/x5K7vMU

Miners Sell Bitcoin, Increasing Pressure on the Market - BeInCrypto

Miners are selling off their Bitcoin to survive the crisis. Sponsored. Sponsored. Financial statements of public mining companies showed that they ...

from Google Alert - Bitcoin https://ift.tt/5KWDHSn

Bitcoin Bounces Above $20,000; Caution Advised - YouTube

Bitcoin rose above $20000 on Sunday, snapping a 12-day slide. Analysts caution that the respite may be brief: The overall tone remains negative, ...

from Google Alert - Bitcoin https://www.youtube.com/watch?v=GBcU17u-aqo

Bitcoin's Price Climbs Above $20000 After Sharp Crypto Selloff - Wall Street Journal

The price of bitcoin rebounded above $20000, a level widely monitored by cryptocurrency enthusiasts, after a week of brutal selloffs in digital ...

from Google Alert - Bitcoin https://ift.tt/eiYmOMn

Finally have .75

I’ve been DCA into crypto for the past year or so made few mistakes but at the end of it I swapped everything for bitcoin ended up with .50… Few weeks later I’m finally at a .75. I truly can not wait to be a whole coiner



Submitted June 19, 2022 at 09:22PM by FlTerpz https://ift.tt/76qDiPl https://ift.tt/t5OF4n0

Sunday, June 19, 2022

Bank of Jamaica Governor: Cryptocurrency ‘Not Sufficiently Stable to Be a Good Means of Payment’

The governor of the Jamaican central bank has warned people using or who have plans to use cryptocurrencies to be mindful of the associated risks. The governor added that cryptocurrencies’ unpredictability means they cannot function as a medium of exchange.

Not Stable Enough to Be Good Means of Payment

The governor of the Bank of Jamaica, Richard Byles, has cautioned those using or planning to use cryptocurrencies to be mindful of the unpredictable nature of the assets. Byles also said he considers cryptocurrency an investment instrument rather than a medium of exchange because its value is “not sufficiently stable to be a good means of payment.”

In remarks published by Jamaica Information Service (JIS), Byles, who spoke at a digital and cryptocurrency conference, said the Jamaican central bank takes time to warn people about the volatility of privately issued digital currencies. He also said his institution does not see crypto as a good means of settling transactions. He added:

So, if you’re, hopefully, a sophisticated investor [who] can understand cryptocurrency, go ahead and use it. But we don’t see it as a currency that is good for transactions and for making payments.

Central Bank to Issue More Cautionary Statements

According to the governor, the Jamaican central bank only backs its central bank digital currency (CBDC). He also emphasized that, unlike cryptocurrencies whose value can either go up or down, “a dollar that you have in your pocket today is the dollar that you have in your pocket tomorrow.”

As previously reported by Bitcoin.com News, the Bank of Jamaica announced on December 31, 2021, that it completed testing of its CBDC. Following the completion of this phase, the bank is now spearheading the implementation of Jamaica’s CBDC, the JIS report said.

Meanwhile, Mario Griffiths, the bank’s director for payment systems and policy, is quoted in the same report stating that the Bank of Jamaica plans to continue issuing cautionary statements that warn people of the risks that are associated with cryptocurrencies.

What are your thoughts on this story? Let us know your thoughts in the comments section below.



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Bitcoin falls to near 19K, down more than 70% since 2021 high | Fox Business

A number of factors ranging from inflation to hiring freezes to industry-wide pressures have caused Bitcoin and other cryptocurrencies to lose ...

from Google Alert - Bitcoin https://ift.tt/FpOiDGB

Why is the overwhelming crypto sentiment on Reddit so negative outside of crypto subs? Do you think it’s an accurate representation of sentiment in the general population?

Visit any thread about crypto outside of crypto specific subs and its unbelievably negative. Everyone has essentially written it off as something between gambling and a scam, with phrases like “greater fools” echoing from thread to thread. There isn’t even a hint of rhetoric resembling open discourse about the crypto space in the comments.

I’m wondering how we arrived at such a divisive place, if we should be worried that the rhetoric is becoming overwhelmingly negative and polarized, and if Reddit is analogous main stream sentiment.

Part of what gives anything value is the belief that it has value. As amazing as the theory and tech side of crypto is, with its potential to revolutionize and disrupt archaic systems, if people simply emotionally decide it’s worthless, then it could become a self fulfilling prophecy of sorts.

Curious what this community thinks about this.



Submitted June 18, 2022 at 09:26PM by Myomyw https://ift.tt/MQlRfZd https://ift.tt/YMglm65

Daily Discussion, June 19, 2022

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 June 19, 2022 at 12:07AM by rBitcoinMod https://ift.tt/qnp5L3t https://ift.tt/YMglm65

I thought rule #1 is “Don’t invest what you can’t afford to lose”…

Is everyone freaking out because they can’t afford to lose the money or freaking at the thought of not becoming millionaires?



Submitted June 18, 2022 at 08:31PM by NotWeirdThrowaway https://ift.tt/BeLTNho https://ift.tt/YMglm65

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Billionaire CEO of $122,000,000,000 Asset Manager Predicts Bitcoin (BTC) Could Crash by ...

Billionaire “Bond King” Jeffrey Gundlach believes Bitcoin (BTC) will plummet further despite having already fallen by about 70% from its all-time ...

from Google Alert - Bitcoin https://ift.tt/XDo1vlS

I thought rule #1 is “Don’t invest what you can’t afford to lose”…

Is everyone freaking out because they can’t afford to lose the money or freaking at the thought of not becoming millionaires?



Submitted June 18, 2022 at 08:31PM by NotWeirdThrowaway https://ift.tt/BeLTNho https://ift.tt/YMglm65

Saturday, June 18, 2022

Daily Discussion, June 18, 2022

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 June 18, 2022 at 12:05AM by rBitcoinMod https://ift.tt/raZLUqw https://ift.tt/hkE9Vet

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Crashing Prices Expose Bitcoin Mining Industry's Addiction to Leverage - Blockworks

Trapped between plummeting bitcoin prices, climbing electricity rates and high-interest debt, many bitcoin miners are finding themselves ...

from Google Alert - Bitcoin https://ift.tt/5FD8rkc

Miners are even at a loss with this price

According to mining platform, Bitdeer, “After calculating by 0.075/kWh electricity fee, 3% mining pool fee and service fee, we saw the need to remind you that T17 and T17+ have reached the shutdown price.

Anytime the output is less than the electricity cost, we advise miners to stop mining to avoid running into loss.”

Bitcoin mining profitability has plummeted by more than 75% from the market peak. It is now at its lowest level since October 2020, and any sell-off from here might drive it back into 2017 territory. Bitcoin is currently going through its longest losing streak in history.

TL;DR: Buckle up, folks!!



Submitted June 17, 2022 at 09:33PM by lunargrover https://ift.tt/F0bZ1tA https://ift.tt/hkE9Vet

Ron Paul - October 2007 - "There's a transfer of wealth from the poor and middle-class to the wealthy. This comes about because of the monetary system we have."

https://ift.tt/FwhSjT4

Submitted June 17, 2022 at 11:20PM by _---______---_ https://ift.tt/eGodS2s https://ift.tt/hkE9Vet

Bitcoin on Twitter: "Which is more likely in the next three months for the #Bitcoin price:" / Twitter

Which is more likely in the next three months for the #Bitcoin price: When you make a selection it cannot be changed. Below $15k. Above $25k.

from Google Alert - Bitcoin https://twitter.com/Bitcoin/status/1537876650448125952

Daily Discussion, June 18, 2022

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 June 18, 2022 at 12:05AM by rBitcoinMod https://ift.tt/raZLUqw https://ift.tt/hkE9Vet

Friday, June 17, 2022

Cryptocurrency prices: Will crypto recover, will Bitcoin go back up? 2022 predictions

A second cryptocurrency flash crash has killed Bitcoin's gentle upwards trajectory, wiping billions from the market in one fell swoop.

from Google Alert - Bitcoin https://ift.tt/JNAB37R

Bastyon Crypto Social Network Integrates TOR Network and Releases Post Advertising for Pocketcoin (PKOIN)

PRESS RELEASE.

Bastyon as the Web 3.0 Social Platform

Most crypto projects are nothing but cones of a few successful coins. Bastyon, on the other hand, is a fast-growing social platform that combines elements of Youtube, Twitter and Torrent; it recently passed four hundred thousand users and growing fast. Bastyon is built on the premise that social media should be Web 3.0, decentralized with an open-source code, distributed node infrastructure and no corporate entity to control it, like the Bitcoin model. In Bastyon the users enjoy the content and moderate that content based on transparent rules, while bloggers and node operators earn Pocketcoin (PKOIN). Bastyon can be accessed on Bastyon.com, but the most censorship resistant way is to use the Bastyon desktop app, which can be downloaded here: https://bastyon.com/applications

Integration of Tor Network into Bastyon desktop app

The desktop app does not rely on centralized DNS servers or Web 2.0 domains but instead connects directly to the nodes. That setup already reduces reliance on centralized services, such as DNS. And now, there is one more layer with the Tor network being integrated directly into the app. This integration greatly increases the privacy of users (Bastyon already doesn’t require a phone number), while also increasing its resilience. Bastyon app that uses Tor network if other methods are not working or if the user chooses to use Tor for privacy reasons. It is worth noting that privacy is central to Bastyon even without Tor, because Bastyon registration does not require a mobile number or other id verification. However, adding Tor connections ensures that even if many nodes in the network were to track IP addresses of users (difficult to pull of as it is), Tor’s onion routing would break the link between the user and its IP address.

On-Chain Promotion of Content with PKOIN

Additionally, Bastyon Core team just implemented a feature that allows users to promote their posts by using PKOIN, the internal token. This is a first in the series of enhancements that are adding utility to the Pocketcoin. Utility is core to the value of any cryptocurrency, as many crypto projects are finding out. With significant growth in registrations, up to 400 thousand, PKOIN content promotion provides another organic use for Pocketcoin.

Bastyon Core team is working on a decentralized ad marketplace to help bloggers be independent of the legacy financial system and of the Web 2.0 centralized power structures.

Pocketcoin (PKOIN) is currently traded on Digifinex, Bitforex, Bilaxy and Mercatox. It can be purchased directly for 19 different cryptocurrencies at https://pkoin.net/

PKOIN can also be purchased for Visa/Mastercard at https://buy.pkoin.indacoin.io/

 


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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