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.
Tuesday, June 1, 2021
BITCOIN - The Next Move & What To Expect for COINBASE:BTCUSD by MartyBoots — TradingView
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What is mina? Investors warned about 'wild price swings' in new cryptocurrency
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Daily Discussion - June 2, 2021 (GMT+0)
Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.
Disclaimer:
Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.
Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.
Rules:
- All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
- Discussion topics must be related to cryptocurrency.
- Behave with civility and politeness. Do not use offensive, racist or homophobic language.
- Comments will be sorted by newest first.
Useful Links:
Submitted June 01, 2021 at 07:00PM by AutoModerator https://ift.tt/3caT6nx https://ift.tt/2Z7cX2s
Why We Love Bitcoin: Bald Face Liars at The Fed
Submitted June 01, 2021 at 06:49PM by nccrypto https://ift.tt/2S25j7c https://ift.tt/2Z7cX2s
Bitcoin Will Face Tougher Regulation as Popularity Grows, Says Sweden’s Central Banker
The Swedish central bank’s governor says bitcoin will face tougher regulation given its sheer popularity that continues to grow. “When something gets big enough, things like consumer interests and money laundering come into play,” said Stefan Ingves, Governor of the Riksbank.
Tougher Regulation Expected for Bitcoin
Stefan Ingves, the governor of Sweden’s central bank, the Riksbank, said Monday that bitcoin and other cryptocurrencies are unlikely to escape regulatory oversight due to their sheer popularity, Bloomberg reported.
Even though regulators have voiced their concerns about bitcoin and other cryptocurrencies, they continue to gain popularity. They have attracted the biggest financial institutions to enter the space, including major investment banks Goldman Sachs and Morgan Stanley, which now offer crypto investments to their clients. A growing number of companies now accept bitcoin for payments, offer crypto-related services, and put BTC on their balance sheets. Goldman Sachs recently said that bitcoin has become a new asset class, seeing huge institutional demand for the cryptocurrency. Bitcoin’s market cap recently surpassed a trillion dollars.
Governor Ingves opined:
When something gets big enough, things like consumer interests and money laundering come into play. So there’s good reason to believe that [regulation] will happen.
Sweden’s Minister for Financial Markets, Asa Lindhagen, revealed the government is already working on tightening the standards for crypto exchanges, the publication conveyed. However, she noted that it is a “work in progress at the international level,” pointing out that cross-border cooperation with other governments is necessary to address the risk of money laundering involving cryptocurrencies.
Riksbank Deputy Governor Per Jansson raised concerns on Tuesday that the price of bitcoin and other cryptocurrencies keeps fluctuating excessively and they have “nothing concrete or substantial” underpinning their actual value.
What do you think about the comments by the Swedish central banker? Let us know in the comments section below.
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"We Saw This in 2017 Before the Massive Bull Run" | Cathie Wood
Submitted June 01, 2021 at 12:06PM by simplelifestyle https://ift.tt/3immpaP https://ift.tt/2Z7cX2s
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Market Wrap: 'Oversold' Bitcoin Down to $35K, ETH Drops to $2.5K
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Documenting Bitcoin on Twitter: "#Bitcoin is hope. Retweet if you agree. https://t.co/oQLzjxOdq2"
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Argentina: Number of Bitcoin (BTC) Miners Increases Amid New Government Subsidies
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Sheetz to start accepting Bitcoin, other cryptocurrencies
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The Number of Cryptocurrencies is Exploding. This is How You Can Learn About the Different ...
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"When bitcoin hits a million dollars it's not gonna matter whether you bought in at 60k or 20k." This is a fallacy.
The reality is that your investment at 20k results in three times as much bitcoin. This could be the difference between a $100k return vs a $300k return (or 1 million vs 3 million).
The point, given that short term price is unpredictable, is to always have some cash available to take advantage of significant moves to the downside. These investments go the furthest.
Submitted June 01, 2021 at 12:25PM by camt89 https://ift.tt/3g2S12k https://ift.tt/2Z7cX2s
We've reached 3 million! ππ
Congratulations, guys. Over the past couple of months, our community has grown incredibly and this is a really impressive number. With each step and with each new person who know about cryptocurrency, we are getting closer and closer to mass adoption and amazing future. Welcome to all newcomers!π
Submitted June 01, 2021 at 03:51PM by NeonDevil7 https://ift.tt/2S5oFrX https://ift.tt/2Z7cX2s
"We Saw This in 2017 Before the Massive Bull Run" | Cathie Wood
Submitted June 01, 2021 at 12:06PM by simplelifestyle https://ift.tt/3immpaP https://ift.tt/2Z7cX2s
Monday, May 31, 2021
Miami Hot Spots Take Cryptocurrency: Groot Hospitality Accepts eMax Tokens Ahead of Star ...
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What Is the Influence of Bitcoin On Government?
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Question regarding cryptocurrencies backed by commodities aka stablecoins - Ethereum Stack ...
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Can a cryptocurrency break the buck?
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Don't Overclock your Body for Mining Fiat!
Just as the title says, please don't overclock your body too much from mining inflationary fiat! I've seen some posts and comments working their human RAM for two or even three mining rigs in one body and I can't help but see the damages it will lead to the future in there hardware.
Remember to discard some cookies and replace them with wholefoods.exe and delete unnecessary files and spam that might cause stress to your Human PC. Give some time to clean and pamper it (like giving it a salad.exe and a warmbath.exe). I know we're all overclocking ourselves to convert those mined fiat into crypto but let's not forget to take care of our human operating systems. Reconnecting with your FAMILY Network might also lessen the RAM usage and cool it off a bit.
We are only granted one human operating system and it won't last very long if you keep overclocking it for just some fiat that just decreases in value every 4 years or so. Take your human PC to the website "PARK.org" and let it scan for canines and felines up and about, that should alleviate it's system and relieve the stress caused by mining fiat.
>>>print("Cheers Everyone!") Cheers Everyone! >>> Submitted May 31, 2021 at 02:29PM by CreepToeCurrentSea https://ift.tt/3uEv2zV https://ift.tt/2Z7cX2s
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More Than 5 Million in Ethereum Worth $13 Billion Rests in the Eth2 Staking Contract
Statistics now show the Eth2 deposit contract has more than 5.2 million staked ether worth over $13 billion locked into the smart contract. The contract launched on November 4, 2020, and three weeks later, the contract met the required threshold to initiate the Beacon Chain. It’s not cheap to become a validator these days, as today’s exchange rates show the 32 ether to get started will run a user more than $84k.
More Than $13 Billion Worth of Ether Locked Into the Eth2 Deposit Contract
Ethereum users have added quite a bit of ether to the “Eth2 deposit contract,” as it’s called on Etherscan as 5,210,370 ETH has been deposited to-date. That’s $13.6 billion worth of ether locked into the Beacon Chain contract, which was invoked six months and three weeks ago.
At the time of writing, there’s more than a dozen 32 ETH-sized transactions waiting to be confirmed. In order for an individual to become a staking validator, 32 ether worth over $84k today is required. Dune Analytics statistics show the contract is 993.66% above the 524k threshold.

Ethereum cofounder Vitalik Buterin got the contract party started on November 5, 2020, when he deposited 3,200 ETH into the contract according to Etherscan. At the time of deposit, Buterin’s initial spend cost around $1.3 million and today it’s worth over $8.3 million. In fact, many of the validators that deposited at that time, saw significant gains during the six months after the Beacon Chain launch.
Data from Dune Analytics further shows that out of the 108,461 transactions sent to the Eth2 deposit contract, there’s 27,100 unique depositors. Beaconcha.in/charts data shows as of May 30, approximately 152,261 validators are recorded.
Over a Million Ether Added to the Eth2 Contract Last Month
From November 19 to the 27th, the ETH deposits started to skyrocket northbound. Around March 13, 2021, Eth2 deposits slowed down and started picking up steam again on May 1st. On that first day of May, there was 4.1 million ether locked into the contract, which means it’s increased by 26.8% since then.

The biggest spike in validators was on November 25, 2020, and the last big deposit spike was on May 26, 2021. In addition to noncustodial options, ethereum enthusiasts can also leverage custodial exchanges like Coinbase and Kraken to stake their ether.
Beaconcha.in/charts statistics further shows validator distribution by Eth1 deposit addresses with validators such as Kraken, Binance, Whales, Huobi, Bitcoin Suisse, Staked.us, Lido, and Stakefish.
What do you think about the 5.2 million staked ether locked into the Eth2 Deposit Contract? Let us know what you think about this subject in the comments section below.
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BITCOIN (BTC) blockch✂️ain FORKS
π§ππ§ππ§ππ§ππ§ππ§ππ§ππ§ Bitcoin Cash: Forked at Block 478558, 1 August 2017, For each 1 BTC you get 1 BCH Bytether: Cross for...