FTX Execs Maxed Out Donations to Rep. George Santos

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Submitted January 27, 2023 at 07:39PM by bingorunner https://ift.tt/lsU7Fgv https://ift.tt/7cuT2Dq

IRS revealed to be FTX creditors

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Submitted January 27, 2023 at 12:05AM by nicoznico https://ift.tt/OFfaWp1 https://ift.tt/TM4uBRL

Microsoft is shutting down its metaverse

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Submitted January 25, 2023 at 11:05PM by kwestro https://ift.tt/Y6rEMPS https://ift.tt/iohrUMn

The coming AI-based Cryptocurrencies are Just Another Hype Cycle, BTC and ETH remain the safe bet.

As someone who has been in the crypto game since 2017, I've seen my fair share of hype cycles come and go. The ICO craze, the DeFi boom, and now the NFT mania - they all had their moment in the spotlight. And while they may have brought in some quick profits for early adopters, in the long run, most of these projects are just as worthless as the next.

But with that said, my prediction for the next big craze in crypto is "AI-based" coins. Just like all the other trends before it, they are being hyped up as the next big thing. But in reality, they're no different than any other crypto project - they have their own set of challenges and limitations.

That's why my advice to anyone looking to invest in crypto is to stick with the tried and true: BTC and ETH. These are the two most established and widely-adopted cryptocurrencies in the market, and they have stood the test of time. While you may not make a quick fortune from them, they are a much safer bet in the long run. So, don't get caught up in the hype of the latest trend, stick with what has proven to be a solid investment.

Submitted January 24, 2023 at 11:59PM by PsychedelicHell https://ift.tt/d7fXK2M https://ift.tt/qurTAy3

Bitcoin Whale Moves 1,082 BTC Off Coinbase

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Submitted January 24, 2023 at 10:06PM by coinsRus-2021 https://ift.tt/uyEbRkK https://ift.tt/qurTAy3

[SERIOUS] What kind of crypto user are you?

There are now 6 million members in this sub, generally between 4k-8k members online throughout the day currently. As we're in the bear market (possibly exiting it?) it would be interesting to know the demographics of this sub in terms of usage and custody of Cryptocurrency, maybe do another poll at the peak of the bull market and see what the difference is. While the options may not be mutually exclusive and not cover all use cases, please choose one that fits the most (I couldn't add more than 6 options).

In this poll I'd like to find out how people are holding their crypto and whether they actively trade or are hodlers. After the year of exchange bank runs and busts has this changed people's behaviour? Do people use defi? Are their devs in this community? Are there haters in this community? For me, these are quite interesting metrics to find out, especially at a time when it is likely only the most crypto/anti crypto committed people are still around.

Thanks for partaking in this poll and please do not comment on the results until the end of the poll closing to avoid bias.

View Poll

Submitted January 24, 2023 at 12:41AM by techsupport261 https://ift.tt/6nla0P2 https://ift.tt/jMtpaDu

What would be the reason for Coinbase and Circle sending $230 million USDC back and forth?

It started about 8 hours ago.

https://i.imgur.com/DgWoWhp.png

1. Coinbase sends $230 million USDC to Circle's deposit wallet:

https://etherscan.io/tx/0x2b9130c4b4949fa0b86a5c302557b0547e199454e67489fc6db16092d1056477

1. Circle moves the $230 million to another Circle wallet:

https://etherscan.io/tx/0x75f3b2e9931c3d28775364dc6f0a42dc56bb0ec3d225dc782905d505813b4c26

1. Circle then sends the $230 million to a null address:

https://etherscan.io/tx/0xa27f9e785297115d9e0cafc90da7ec0f73abbb1a8136ab1ef63d06cee77a386c

1. The null address sends $230 million USDC back to Circle:

https://etherscan.io/tx/0x625cbc9bc6361499d9fbdc04f5fd4684e371b25d86c2c86e535c64026a82893e

1. Circle then sends that $230 million USDC to Coinbase's USDC hot wallet:

https://etherscan.io/tx/0xeea161e6181fcacfe8c80fdf25ef9b9445933936b936abebd435571c0f00de48

This cycle repeats 4 times. Are they testing stuff?

Submitted January 23, 2023 at 07:02PM by zoomercoomer9000 https://ift.tt/1q2oCuV https://ift.tt/jMtpaDu

FBI Confirms Lazarus Group, APT38 Cyber Actors Responsible for Harmony's Horizon Bridge Currency Theft

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Submitted January 23, 2023 at 04:30PM by Set1Less https://ift.tt/e6xw5Iy https://ift.tt/jMtpaDu

Cryptocurrency Ransomware Revenue Falls as Victims Decline to Pay

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Submitted January 23, 2023 at 01:26AM by Simplejack9500 https://ift.tt/PhrYlLm https://ift.tt/jMtpaDu

Binance's SWIFT banking partner set to ban USD transfers below $100K

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Submitted January 21, 2023 at 06:16PM by Harold838383 https://ift.tt/nNRPLcf https://ift.tt/6OkQMUF

ChatGPT’s First Blockchain Whitepaper

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Submitted January 21, 2023 at 11:42PM by AsianAmericanAffairs https://ift.tt/VL12K3m https://ift.tt/6OkQMUF

Bitcoin, Ethereum, XRP and Cardano have more meat on the bone, rank in undervalued assets in 2023

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Submitted January 20, 2023 at 10:45PM by Elleucas https://ift.tt/6TwWzj9 https://ift.tt/bsYpE6u

Crypto lender Genesis files for bankruptcy in latest blow to Barry Silbert's DCG empire

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Submitted January 19, 2023 at 10:43PM by fadufadu https://ift.tt/YxNWHeD https://ift.tt/0RFWis1

Ripple CEO: XRP lawsuit resolved by June, SEC conduct 'embarrassing'

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Submitted January 18, 2023 at 09:25PM by Harold838383 https://ift.tt/s3bjMu5 https://ift.tt/vRVFfPG

CMV: Any crypto currency coin that has a "CEO" is a ticking financial timebomb and antithesis to what crypto is supposed to represent.

CMV: Any crypto currency coin that has a "CEO" is a ticking financial timebomb and antithesis to what crypto is supposed to represent.

Note: CEO (is a catch all term I am going to use for anyone in the roll of leadership for a crypto currency coin). It does NOT apply to the creator who made it and stepped away.

1. The CEO can manipulate the price by their actions. For example, Alg0rand CEO, who seems to be utterly hated by the community, has been trolling people on Twitter in a fashion that surmounts to market manipulation. A while ago there was a coordinated pump and dump of LTC; fake news websites and fake news on Twitter claimed that Wal-Mart was going to use LTC. Within hours the price pumped 100% and then got dumped. Alg0rand CEO (I have no proof other than what I observed) tweeted "NIKE". Her audience assumed that there was a Nike partnership of sorts. That was not the first time she has trolled her audience and it certainly won't be the last.

2. My second point will be Fantom. When one of the developers who was highly regarded by the community left, the price of the coin tanked wiping out entire fortunes which was exasperated by the general market tanking. If the departure of a single important person can tank the price, how can it withstand any other challenges and obstacles in the future?

3. The price action of the coin, if it has a CEO, will depend heavily on "partnerships" and whatever else marketing the "CEO" and company promise/plan on. If they don't deliver, good luck.

4. The future of the coin will be beholden to the CEO, rather than the fundamentals offered by the coin itself. If the coin does not speak for itself and it needs a CEO, it is going to be catastrophic for investors. Just look at Safem00n. This coin has a CEO and has done nothing but manipulate and gaslight his community of investors, not to mention reports of stealing from the community.

Now contrast coins with a CEO against those without one. They are not exposed to any and all of the FUD that a CEO can have on the "coin". For example, XMR, LTC, BTC, ETH. They are down because the market is down. They will recover, if they have already not recovered, because of the fundamentals that the coin offers and is build upon, which coins with a CEO will either lack or will be overshadowed by the actions or lack there of of the CEO of that coin.

Anyway, I am a day trader and have washed my hands of ANY coin with a CEO. I got burnt by FTM, ALG0, and a few other coins with a CEO. While the coins without one, or the CEO exited humbly and allowed the community to takeover development, for example, have the most positive reception and have resulted in the best returns for me.

Though this is a CMV post and I want my position challenged, if no one can, I hope this can serve as a warning to those newly in Crypto.

Submitted January 18, 2023 at 09:31PM by SquatDeadliftBench https://ift.tt/quT6rMl https://ift.tt/vRVFfPG

FTX says $594 million in crypto has been hacked from its exchanges since November collapse

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Submitted January 18, 2023 at 12:11AM by Any-Assignment6022 https://ift.tt/05Zrkq4 https://ift.tt/O0iEGjH

Bored Ape Yacht Club Is Trying to Revive NFTs With Atomic Poop

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Submitted January 17, 2023 at 07:11PM by TheGreatCryptopo https://ift.tt/GZh75La https://ift.tt/O0iEGjH

That's Right: "Useless" cryptocurrencies are being discussed at the World Economics Forum (WEF) right now and a guide released to encourage the development of the future crypto-based economy

"The Tokenized Future Economy" is part of the WEF this year running from January 16th to the 20th. weforum.org formally announced the topic back on January 2nd. The key messages from their annoucement were 1) "2022 was a terrible year for cryptocurrencies, with the loss of $2 trillion in market value.", 2) "We could now see the handover of crypto technology and blockchain infrastructure to more regulated and established institutions" and 3) "Cryptography and blockchains will continue to be integral parts of the modern economic toolkit".

The WEF published a guide to encourage development of the crypto-based future economy. The abstract to the guide starts "Collaboratively governed and code-driven, decentralized autonomous organizations (DAOs) are engaged in nothing less than an experiment to reimagine how we connect, collaborate and create. Although DAOs today manage billions of dollars’ worth of assets, engage millions of contributors and operate across industries as diverse as finance and philanthropy, basic questions regarding operations, governance, law and policy are only just beginning to be addressed by policy-makers, regulators and entrepreneurs."

Leaders in economics are messaging that cryptocurrency is here to stay - that a tokenized economy will consume our future financial interactions whether you and I want them to or not. That blockchain will make public and private documents immutable. Adoption of digital assets is underway.

Submitted January 17, 2023 at 03:57PM by coinsRus-2021 https://ift.tt/0mt4NQZ https://ift.tt/O0iEGjH

Cramer sees bullish signs starting to emerge in the stock market, just not in the same places as before. Time to sell!

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Submitted January 16, 2023 at 10:46PM by Harold838383 https://ift.tt/MNdIrQa https://ift.tt/3ZhiMzG

Bitcoin bull run: Cryptocurrency breaches $21,000 with experts predicting end of crypto winter

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Submitted January 16, 2023 at 01:22AM by Snoo_92843 https://ift.tt/CcpMRvH https://ift.tt/KdZhUBo