Cryptocurrency News & Discussion

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The original was posted on /r/cryptocurrency by /u/chichidaplug on 2024-01-11 07:51:19+00:00.


Hey guys, So I noticed in the past couple months to year, a lot of exchanges I used to use to buy alts and other newer coins slowly started to implement KYC to USA based IP addresses (Bitget, Kucoin, Mexc) I was hoping I could get advice and ask if you guys know any non KYC exchanges that sell alt coins that are not available on the main big US exchanges like Coinbase, Kraken, etc. I bought a lot of KAS a year ago off of bitget and it netted me the biggest gains i've made in my short crypto journey thus far. I got bummed when slowly but surely the other bigger non KYC exchanges started to phase out service to US IP addresses. Please give me any suggestions you know of, it would be much appreciated!!!

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The original was posted on /r/cryptocurrency by /u/AdAntique5099 on 2024-01-11 06:42:47+00:00.

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The original was posted on /r/cryptocurrency by /u/Wonderful-Sea3370 on 2024-01-11 03:26:03+00:00.


Tomorrow, Bitcoin has an extremely good chance of literally doubling. Retail investors and primed and filling fill orders for market open. I have decided to allocate 100% of my retirement savings into this as I believe the downside is negligible and the upside is massive. I know people say 'this is not financial advice' but I want everyone to do well in life, so please, this is financial advice, buy bitcoin. You won't regret it. This is your opportunity to secure a better life for yourself, your family, your friends. Bitcoin going to 1M+ per coin is not just possible but a certainty long term. Don't sell yourself short, you deserve this. See you on the moon!

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The original was posted on /r/cryptocurrency by /u/lorenzomofo on 2024-01-11 02:13:36+00:00.

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The original was posted on /r/cryptocurrency by /u/Ilovekittens345 on 2024-01-10 22:17:38+00:00.


LTC,ETH and BCH will probably pump the hardest because those coins were already acknowledge by the SEC not to be a security.

coins like ETC, XRP and dogecoin will also pump nicely.

Cryptocurrency enthusiasts are gearing up for an impending altcoin season as ETF approvals for Bitcoin signal potential gains for other digital assets. Leading the charge are Litecoin (LTC), Ethereum (ETH), and Bitcoin Cash (BCH), recognized by the SEC as non-securities, instilling investor confidence for a significant price surge. Ethereum Classic (ETC), Ripple (XRP), and Dogecoin (DOGE) also stand as contenders with unique strengths, poised for potential gains in the altcoin rally. .

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The original was posted on /r/cryptocurrency by /u/Jelbow on 2024-01-10 22:09:03+00:00.


learning about hot vs cold wallets I find it difficult to understand why anyone would ever use hot wallets and I wonder what the use case is for them.

Hot wallets are software wallets that are connected or have had a connection to the internet and operate on a machine that could contain malware.

Meaning there is always a possibility that it could be compromised.

Even if I only put spending money in my hot wallet for simple transactions, testing, and experimenting let's say €1000. I do not want the risk of losing that.

I have set up a software wallet on Tails (new uncompromised device) without an internet connection. to not run any risks. but now I have a wallet that I can only send crypto to. whenever i want to send crypto out ill need a device with an internet connection. and if i recover my wallet with my seedphrase i will have to type it in on a possible compromised device connected to the internet.

Am i being too carefull? is someone using a different system that works?

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The original was posted on /r/cryptocurrency by /u/kilo6ronen on 2024-01-10 22:03:31+00:00.

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The original was posted on /r/cryptocurrency by /u/bitsplease_ on 2024-01-10 21:37:39+00:00.


For posting rules:

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The original was posted on /r/cryptocurrency by /u/brian-augustin on 2024-01-10 20:15:11+00:00.


Have an account with a certain bank, received a letter yesterday saying there was no account activity, if I don't deposit money into the account they will charge 5$ every month until the account is closed.

What a waste of time. I saw that and got mad because #1 I barely even make interest in that account, #2 I hold most of my money on crypto or another account, so I should probably just withdraw everything from there and put it in USDT and #3 they are going to drain my account because I don't go to their bank and deposit money which just sits there...? Banks are a joke.

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The original was posted on /r/cryptocurrency by /u/HCheong on 2024-01-11 11:08:35+00:00.


Is it finally gone the days where the market may experience -60% to over -85% in market correction? Is it finally the time where no matter what happens, the market will always continue to go up, up, and up? Because the massive whale holders will continue to lend buying support whenever the price falls, because the Fed will print lots more money out of thin air to give to its proxies to buy more? That no matter what happens, the market must never be allowed to fall ever again? Is now the time where we can look forward to the market either going vertical up or diagonally up, all the time, forever?

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The original was posted on /r/cryptocurrency by /u/bIackrain on 2024-01-11 11:06:12+00:00.

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The original was posted on /r/cryptocurrency by /u/TheDumbInvesto on 2024-01-11 11:04:07+00:00.


Hi Guys, what's your view on using a brand new Android phone with Blue wallet as a cold storage/hardware wallet for Bitcoin?

  • Buy a brand new low cost Android phone - Don't add a sim - Install blue wallet using wifi - - Disable/forget wifi - Put in Airplane mode (phone will never go back online)
  • Generate seed - add passphrase - Scan QR of xpub thro regular phone - Receive funds through regular phone - send funds by signing transactions using the wallet phone using QR codes.

The entire process looks clean and easy.

Video help available here:

Ben in the video talks about two disadvantages:

  1. Phone doesn't have a secure element chip. So physical access to the phone by an expert may expose the keys. True. But we are anyway safe guarding the seed. We can as well safe guard the phone. Isn't it?
  2. The phone may have already been infested - yes, if we are using an old phone for this. But if we buy a brand new phone from a reputed maker (like Samsung), we don't have this issue.

So you guys see any other drawbacks here?

Now to the advantages, why should we do this, if we already have hardware wallets in the Market?

  1. Shelf life of hardware wallets - have seen a lot of posts about display issues, buttons not working, battery issue etc in hardware wallets after 2 or 3 years. An Android phone, not being used day to day, not connected to internet, no wear and tear of everyday usage, will easily live for 5 or even more years.
  2. A single phone with single app can have multiple wallets created on it, and all can work in parallel, at the same time. A hardware wallet can hold only one key at a time. If I need to create a new wallet or import another existing wallet, the current wallet will no more be active.
  3. Portability - I don't have to worry about carrying it in flights or concerned about any customs officer questioning. After all, it is just a phone.
  4. We can go multisig if we want, using "Vault" feature of blue wallet.
  5. Cost - a simple Android phone costs a lot lesser than the average price of a hardware wallet.
  6. A little more privacy - a wallet company doesn't have my email/address/phone number.

Can you pls suggest what can go wrong with this ? It is indeed going against conventional ways of doing things (like using a hardware wallet) but given the above, shouldn't this be our primary mode of self custody?

Note: Though Blue wallet is bitcoin only, I recon there is Airgap wallet () that supports all coins and they recommend using a phone as a hardware wallet.

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The original was posted on /r/cryptocurrency by /u/drjacks on 2024-01-11 11:02:31+00:00.

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The original was posted on /r/cryptocurrency by /u/Beastmister_ on 2024-01-11 10:50:19+00:00.


Hello, 2 years ago i was pretty active in this sub. I had more than 2700 moons which i decided to hold untill maybe 2025, maybe more.I am still coming to this sub, but rarelier. So when I checked my vault earlier today, i saw there was unfortunately no moons there. Do you people know if something like an event or deletion happened? Where could my moons be and how can i retrieve them back? Because i don't want my effort to go waste like it always does. I still wanna hold till 2025 and try to sell then. It will be a big help really since i am going to start living in another country and build a new life. This means that every penny is helpful.

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The original was posted on /r/cryptocurrency by /u/pecimpo on 2024-01-10 19:28:07+00:00.


Hey everyone!

As a first of many, we at Bunni are introducing collateral usage for Uniswap LPs with Bunni's svUSD/FRAX pool on PoisonFinance, enabling leveraged positions and speculation on real-world assets like stocks and commodities!

Now, users can strategically leverage their LP positions to buy various assets, including Gold, stocks, or ETFs – expanding DeFi investment strategies.💪

For further details you can read our post on X here:

Cheers. 🥂

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The original was posted on /r/cryptocurrency by /u/90DayF on 2024-01-10 19:09:57+00:00.


Indians - Which exchange to move to?

Since the Indian Authorities have decided to ban all the International Crypto Exchanges.. what are some decent, relatively non-shady exchanges to move to?

One way to mitigate this ban is using a VPN I suppose.. is there any other option?

Note - I don’t have enough crypto to move it to a hard wallet. Won’t make sense tbh

Is wazirx decent? I read its no more related to Binance? Sorry am not too updated with Indian exchanges. Is coindcx a better option?

Would love to hear some opinions on this

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The original was posted on /r/cryptocurrency by /u/Perfect_Ability_1190 on 2024-01-10 18:47:14+00:00.

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The original was posted on /r/cryptocurrency by /u/VetMaik on 2024-01-10 15:28:38+00:00.

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The original was posted on /r/cryptocurrency by /u/aminok on 2024-01-10 15:24:03+00:00.


The segment, in Kannan's interview with Bankless, starts at:

https://youtu.be/ms94dx9HvL0?t=3644

"You know, when I first did the numbers and tried to calculate, I realized that Ethereum's data bandwidth is something like 80 kilobytes per second. At first, I was like, 'Oh, why is it so slow? Why is it so small?' But then I started thinking about it in the broader arc of human evolution. These bytes, as we say within the team, represent our goal in building EigenDA is to maximize coordination bandwidth.

These are complex coordination systems. In Ethereum, for instance, we have multiple parties certifying and maintaining a ledger which facilitates a lot of coordination, like the movement of money and other things. If we neglect the last 5 to 20 years of history, as a species we were only able to coordinate on very few things. For example, electing a president who can specify a very simple immigration policy—'immigration good' or 'immigration bad.' That's essentially one bit of information. Our coordination bandwidth was incredibly limited, maybe five bits every five years.

Now, we are scaling that to kilobytes per second, to megabytes, and even gigabytes per second. This means the rate at which we can coordinate as a species and maintain common information, to enact powerful coordination conditions, has drastically increased. This is a huge leap. It's like the internet unleashed this information superhighway, enabling us to communicate with each other. But communication is not the same as coordination, because without a globally verifiable state, I may be telling one thing to you and something else to someone else.

With systems that offer common data availability or more block space, we're essentially increasing the bandwidth of coordination as a species. Let's set aside all the blockchain wars—L1, L2, L3—for a moment and just let this sink in. It's amazing and unusual. We're becoming much more coordinated as a species.

Our evolutionary advantage is that we're able to cooperate on a scale that's not possible for other species, and in a flexible way. Like Yuval Noah Harari says in his thesis, humans are special because we cooperate flexibly in large numbers. And when we talk about EigenDA bandwidth, it's about cooperation that is flexible because we can program all kinds of new VMs, contracts, and arrangements on top of it, and it's in large numbers because everyone can agree on this common state.

This is an incredible development. As a community, what we're setting out to accomplish is just astounding. It's good to put it in that perspective, rather than focusing on the day-to-day competition of 'I'm doing X better than Y or Z.' We have two mechanisms right now for ensuring this..."

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The original was posted on /r/cryptocurrency by /u/666ahmed666 on 2024-01-10 15:05:45+00:00.


Just finished reading this new blog post

And I dont know what to think, I like the approach, I like it a lot but I dont really know that much about self custody?

Can someone give me a very dummy 101 rundown?

Seems like banking, but better?

And I don't know what to think; I like the approach, I like it a lot, but I don't really know that much about self custody.

Should I use ledger or xumm or binance what do you guys use?

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The original was posted on /r/cryptocurrency by /u/BelltownDaisy on 2024-01-10 14:27:15+00:00.


You cannot go by the 24 hour highs BitMart shows for cryptos!

So I just figured out how BitMart comes up with their b.s. figures that makes it seem like some cryptos have 50,000% gains etc.

I was trying to buy Elondragon which was supposed to start trading at 5 am. It doesn't start trading until 6:20 am-ish. Meanwhile I'm watching it, waiting.

People- who are these people?- are putting in limit buy orders but there's no market trading going on. It starts with $0.000000000001- which was the pending start price- and then starts getting crazy! Eventually I see one as high as $0.06. Mind you no market trading is going on.

Then when Elondragon starts trading almost an hour and a half behind schedule then it says it's a 50,000% gain with a 24 hour high of $0.06! 🤣

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The original was posted on /r/cryptocurrency by /u/Old-Conflict-2191 on 2024-01-10 14:21:40+00:00.


I don't have a pc but have the budget of 300-500$. I know it's more complicated then just a device but I would like to get both positive negatives pros and cons for this with the best currency to mine rn as I am just getting into crypto and would like to get all the info I can

I looked up a little there are specific crypto and non specific crypto miners what would you suggest? My gut says non so I can jum whenever but I am not sure especially in a not so crypto supporting country like India so I would like you views on that too

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The original was posted on /r/cryptocurrency by /u/Shiratori-3 on 2024-01-11 04:37:17+00:00.


👀

During an Ask-Me-Anything (AMA) on Reddit, Vitalik Buterin suggested raising the Ethereum gas limit to 40 million to improve network throughput.

Ethereum co-founder Vitalik Buterin has advocated for a “modest” gas limit increase to potentially improve network throughput.

During a Reddit “ask-me-anything” organized by the Ethereum Foundation's Research Team on Jan. 10, Buterin noted that the gas limit has not been increased for nearly three years, the longest time ever in the protocol’s history.

“Honestly, I think doing a modest gas limit increase even today is reasonable,” said Buterin during the research team's 11th AMA.

Buterin also made some brief calculations and said this would imply an increase to around 40 million. The current gas limit is 30 million, according to Etherscan, so this suggests an increase of 33%.

The average gas limit just after Ethereum’s genesis in 2015 was around 3 million gas and it has increased over time along with network usage and adoption.

The Ethereum gas limit refers to the maximum amount of gas that can be spent on executing transactions or smart contracts in each block. Gas is the fee required to conduct a transaction or execute a contract on the blockchain.

A gas limit is set to ensure that blocks are not too large, which would impact network performance and synchronization. Validators can also adjust the gas limit dynamically within certain parameters as they produce blocks.

Increasing the gas limit allows more transactions into each block, which theoretically increases the overall throughput and capacity of the network. However, it also increases loads on hardware and the potential risk of network spam and attacks.

Average gas prices, or the cost of transacting on Ethereum, are currently around 35 gwei or $1.89, according to Etherscan. However, they have been increasing since the beginning of 2024 and are a lot higher for complex smart contract operations.

Network gas fees spiked to a 2023 high of 150 gwei in May due to the inscriptions craze. A gwei is a denomination of Ethereum that represents one billionth of an ETH

In November, Ethereum and Bitcoin users reignited the scalability debate as gas fees surged amid another round of inscriptions hype.

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The original was posted on /r/cryptocurrency by /u/Shiratori-3 on 2024-01-11 04:37:17+00:00.


👀

During an Ask-Me-Anything (AMA) on Reddit, Vitalik Buterin suggested raising the Ethereum gas limit to 40 million to improve network throughput.

Ethereum co-founder Vitalik Buterin has advocated for a “modest” gas limit increase to potentially improve network throughput.

During a Reddit “ask-me-anything” organized by the Ethereum Foundation's Research Team on Jan. 10, Buterin noted that the gas limit has not been increased for nearly three years, the longest time ever in the protocol’s history.

“Honestly, I think doing a modest gas limit increase even today is reasonable,” said Buterin during the research team's 11th AMA.

Buterin also made some brief calculations and said this would imply an increase to around 40 million. The current gas limit is 30 million, according to Etherscan, so this suggests an increase of 33%.

The average gas limit just after Ethereum’s genesis in 2015 was around 3 million gas and it has increased over time along with network usage and adoption.

The Ethereum gas limit refers to the maximum amount of gas that can be spent on executing transactions or smart contracts in each block. Gas is the fee required to conduct a transaction or execute a contract on the blockchain.

A gas limit is set to ensure that blocks are not too large, which would impact network performance and synchronization. Validators can also adjust the gas limit dynamically within certain parameters as they produce blocks.

Increasing the gas limit allows more transactions into each block, which theoretically increases the overall throughput and capacity of the network. However, it also increases loads on hardware and the potential risk of network spam and attacks.

Average gas prices, or the cost of transacting on Ethereum, are currently around 35 gwei or $1.89, according to Etherscan. However, they have been increasing since the beginning of 2024 and are a lot higher for complex smart contract operations.

Network gas fees spiked to a 2023 high of 150 gwei in May due to the inscriptions craze. A gwei is a denomination of Ethereum that represents one billionth of an ETH

In November, Ethereum and Bitcoin users reignited the scalability debate as gas fees surged amid another round of inscriptions hype.

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The original was posted on /r/cryptocurrency by /u/Interesting_City_960 on 2024-01-11 03:43:02+00:00.


I transferred USDT out of my trust wallet to my coin base account (I’m Canadian btw) I realized that I can’t trade USDT on Coin Base so I transferred my USDT to Phemex. I did a test transfer of $10 to Phemex the transfer was successful after that I transferred the rest of my USDT to Phemex. I bought XRP ETH and ADA with the USDT I just transferred, the purchases were successful and I had all my holdings in the spot account in Phemex.

The following morning, I logged on to check my account and everything was gone, no record of any transfers and all the funds were gone, it was if the accounts never existed. I reached out to Phemex and they did not have any record of my deposits or any transactions.

After tracking the addresses I saw the money had been redirected to a wallet labeled (Coinbase 10) on etherscan, I contacted Coinbase and it looked to them as tho I did a normal transfer to this unknown wallet, I went back to Phemex and asked them for info on the wallet and they told me that it was not associated with there exchange whatsoever.

I have no idea how I was able to make trades on Phemex, If anyone could explain what this is or how it was possible that would be a great help! (I never got the money back)

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