Cryptocurrency News & Discussion

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The original was posted on /r/cryptocurrency by /u/Blocks_and_Chains on 2024-01-10 19:44:10+00:00.

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Hey everyone! I wanted to share this tutorial series initiated by Tech with Tim. In these sessions, he'll guide us through the process of building dApps using Python and Cartesi. It's a great opportunity for Python developers venturing into blockchain development.

Discover how to seamlessly transfer code to the blockchain and create dApps using off-chain verifiable execution, all without the complexities or necessity of Solidity. Take a look and share your thoughts! Are you a fan this series?

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The original was posted on /r/cryptocurrency by /u/reditpost1 on 2024-01-10 19:25:14+00:00.

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I bought both Shib and Doge in 2021 from all the hype around both communities. Both did really well in 2021. When the crypto crash happened I converted all my crypto into Cardano to hedge up. Now the markets are going back up, the Bitcoin ETF will probably get approved today, the halving is coming very soon and the bull market is starting. I'm not sure about Doge having a chance for good gains this time. The price is ridiculous now .09 for a meme sh/tcoin with no utility. It seems really difficult for it to go to $1 a 10X. Shib is also a meme sh/tcoin. Difference now is Shib has some utility with Shibarium L2. I'm my opinion it seems like more people would buy Shib because the price is so low .000009. It is alot easier to get to 1 cent than to $1. Just wondering if Doge still has the hype and community or does Shib have the hype and community. Or just buy both. Any thoughts.

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The original was posted on /r/cryptocurrency by /u/Blocks_and_Chains on 2024-01-10 19:44:10+00:00.

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Hey everyone! I wanted to share this tutorial series initiated by Tech with Tim. In these sessions, he'll guide us through the process of building dApps using Python and Cartesi. It's a great opportunity for Python developers venturing into blockchain development.

Discover how to seamlessly transfer code to the blockchain and create dApps using off-chain verifiable execution, all without the complexities or necessity of Solidity. Take a look and share your thoughts! Are you a fan this series?

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/customsbytoy on 2024-01-10 18:48:50+00:00.

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An asset with a marketcap over $900 has no value apparently 😭

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The original was posted on /r/cryptocurrency by /u/customsbytoy on 2024-01-10 18:48:50+00:00.

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An asset with a marketcap over $900 has no value apparently 😭

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The original was posted on /r/cryptocurrency by /u/drjacks on 2024-01-10 18:10:52+00:00.

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The original was posted on /r/cryptocurrency by /u/drjacks on 2024-01-10 18:10:52+00:00.

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The original was posted on /r/cryptocurrency by /u/ARoyaleWithCheese on 2024-01-10 17:33:20+00:00.

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The original was posted on /r/cryptocurrency by /u/winphan on 2024-01-10 17:02:28+00:00.

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The original was posted on /r/cryptocurrency by /u/WineMakerBg on 2024-01-10 16:17:49+00:00.

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"In the aftermath of the security breach, Gensler—something of a cartoon villain in crypto circles due to his agency’s aggression toward the industry—has faced mockery and calls for his resignation among crypto personalities on X."

Cartoon Vilain: Bulls Eye! Lmao

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The original was posted on /r/cryptocurrency by /u/FitScore3115 on 2024-01-10 16:08:23+00:00.

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The original was posted on /r/cryptocurrency by [deleted] on 2024-01-10 16:03:01+00:00.

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The original was posted on /r/cryptocurrency by [deleted] on 2024-01-10 16:03:01+00:00.

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The original was posted on /r/cryptocurrency by /u/kirtash93 on 2024-01-10 15:17:26+00:00.

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The original was posted on /r/cryptocurrency by /u/kirtash93 on 2024-01-10 15:17:26+00:00.

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The original was posted on /r/cryptocurrency by /u/Joe-M-4 on 2024-01-10 14:51:00+00:00.

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The 2024 Top Ten Cryptocurrency Index Fund Experiment Has Begun!

For the seventh year in a row, I am happy to announce the launch of the Top Ten Cryptocurrency Index Fund Experiment for 2024.  

For those unfamiliar with the Experiments, my annual tradition is to buy $100 of each of the Top Ten Cryptos every New Year’s Day since January 1st, 2018.  

The Top Ten Experiments have now purchased a total of $7,000 in crypto since January 2018.

The 2024 Top Ten Portfolio includes the following cryptos, in descending order as per coinmarketcap.com on January 1st, 2024:

That’s a $1000 investment on the 1st of January, 2024, ($100 each) of #1 BTC, #2 ETH, #3 USDT, #4 BNB, #5 SOL, #6 XRP, #8 ADA, #9 AVAX, #10 DOGE, and #11 DOT.

Fun fact: all 2024 cryptos have appeared in past Top Ten Portfolios, marking the first year no new cryptos have joined the overall Experiment.

Long time Top Ten Experiment followers will notice I’m again breaking the tradition of strictly investing in the Top Ten by market cap, no matter what.  To stay consistent with past Experiments, I will only include one stablecoin, so #11 DOT is in and #7 USDC is out.  I made a similar decision with the 2022 Top Ten and 2023 Top Ten Portfolios.

USDT will remain in the 2024 Top Ten Portfolio. 

So: The 2024 Top Ten Portfolio = Top Ten – USDC + #11 DOT.

Q: Why keep a stablecoin in the portfolio at all?

A: Consistency.  For better or worse, I included USDT in the 2019 Top Ten Portfolio and one stable in every subsequent year since.  Including a stablecoin in the 2024 Top Ten is my attempt at an honest/fair comparison between each year’s portfolios.

Q: Why were stablecoins included in the Top Ten Experiments in the first place? 

A:  Check out the FAQs.

Where Did You Purchase The 2024 Top Ten Crypto?

Details/proof of purchases below:

I used LlamaSwap for WBTC, WETH, USDT, BNB, and AVAX:

Coinbase for XRP, ADA, DOGE, and DOT:

And finally, I used Jupiter to purchase SOL:

Battle Royale: My Homemade Top Ten Crypto Index Fund VS AMKT Total Crypto Market Token

The first Top Ten Crypto Experiment was started on 1 January 2018 in an attempt to capture the gains of the entire cryptocurrency market.

No crypto indexes existed, so I created my own.

Crypto has rapidly progressed in recent years and now such index products do exist.

In a tradition started a few years ago, I thought it would be interesting to see how my homemade Top Ten stacks up to emerging Crypto Index products.  Last year’s friendly competition was between The Top Ten Portfolio and The Alongside Crypto Market Index Token (AMKT). 

AMKT is an ERC-20 token that represents a cap weighted index of 15 top cryptocurrencies (minus stablecoins) backed 1:1 by the underlying assets represented within the index and completely onchain.  Since the index tracks at approximately 98% efficiency the value within crypto, AMKT is an excellent proxy for the entire cryptocurrency market.

Last year’s results? 

It wasn’t even close.  

AMKT ended 2023 severely outperforming my homemade Top Ten +141% to +73%.

As was the case last year, Alongside has kindly provided $1,000 worth of (7.17788) AMKT on the 1st of January, 2024, to allow for a fair comparison.  

Also, as was the case last year, the AMKT provided by Alongside will be sold at the end of the year and donated to charity.

Here’s the question I’ll be tracking: as the year goes by, would I have been better off just buying $1,000 of AMKT instead of going through the effort of creating a homemade $1,000 Top Ten Index Fund?

Excited for a rematch with AMKT this year, but it will be an uphill battle for my Top Ten Portfolio:  mirroring index products of traditional finance, AMKT has a 0% fee and is currently offering a 5% APR match, essentially creating their own dividend.

All Systems Go!

Like every year, I’m excited to launch the latest iteration of the Top Ten Crypto Index Fund Experiment. If you’re new to the Experiments, welcome! If you’ve been following over the years, many thanks for sticking around. 

The first monthly report for the 2024 Top Ten Portfolio will drop in early February.  Other reports from the 2018, 2019, 2020, 2021, 2022, and 2023 Top Ten Portfolios will be released over the course of the year.

In the meantime, you’re welcome to pour through years of data here.

Happy New Year and here’s hoping for an up only 2024 (insert rocket emoji here).

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The original was posted on /r/cryptocurrency by /u/CartographerWorth649 on 2024-01-10 13:48:04+00:00.

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As a crypto enthusiast, it's very easy to get stuck in an echo chamber where more a less the same opinions are heard, and where (Reddit and Twitter are great place for that) enjoying a confirmation bias is very easy.

The crypto and real world are still miles apart, specially when it comes to the actual use. BTC ETF approval or not might help to make the money flow in, but I have my doubts on how much will it increase any blockchain project's adoption with any real impact on the "real world".

Tech Round is an UK news outlet dedicated to the tech field (mostly in the UK and Europe) which yearly compiles a list of the most promising tech startups, where previously TikTok and Revolut were featured in the past.

This year in the middle of smart city projects or AgriSound, a tech startup which uses AI & robotics to monitor pollinators, there were a couple of blockchain related projects that were awarded too: SweatCoin (Move 2 Earn) and Weaver Labs (Telecoms).

I wonder how many blockchain related startups will we have in the future among top startups. How much can blockchain technology really impact our everyday lives - either as an end user, or as a code running on the back which 99% don't even dream about?

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The original was posted on /r/cryptocurrency by /u/Sufficient_Shoe_8965 on 2024-01-10 12:24:48+00:00.

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I want your suggestions. I know centralized platforms are considered risky, and it's generally recommended to use a cold wallet. However, I am willing to take the risk. Which platform offers the most launchpools or launchpads? Additionally, it would be preferable if it ranks among the top 50 crypto exchanges. Thank you <3

Tldr: Bitget seemed good to me, and it offers plenty of launchpools. I also checked Bybit, but it hasn't done as many launchpools as Bitget. Among the largest crypto exchanges, which one has the most active launchpool-pad offerings?

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The original was posted on /r/cryptocurrency by /u/bIackrain on 2024-01-10 10:43:21+00:00.

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The original was posted on /r/cryptocurrency by /u/Sufficient_Shoe_8965 on 2024-01-10 12:24:48+00:00.

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I want your suggestions. I know centralized platforms are considered risky, and it's generally recommended to use a cold wallet. However, I am willing to take the risk. Which platform offers the most launchpools or launchpads? Additionally, it would be preferable if it ranks among the top 50 crypto exchanges. Thank you <3

Tldr: Bitget seemed good to me, and it offers plenty of launchpools. I also checked Bybit, but it hasn't done as many launchpools as Bitget. Among the largest crypto exchanges, which one has the most active launchpool-pad offerings?

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The original was posted on /r/cryptocurrency by /u/Ilovekittens345 on 2024-01-10 12:18:09+00:00.

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The original was posted on /r/cryptocurrency by /u/dreamygeek on 2024-01-10 10:40:10+00:00.

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Earlier today, the SEC (maybe) orchestrated a significant incident. As long as you and your account refrained from utilizing leverage or engaging in futures trading, you are currently in good standing.

In just a matter of minutes, the SEC's actions, coupled with their deceptive tactics, led to the liquidation of both Long and Short positions in the Bitcoin market. This incident serves as a valuable lesson to comprehend the risks associated with leverage and futures trading.

If you understand the risk here you can better protect your capital and not lose everything.

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The original was posted on /r/cryptocurrency by /u/yldf on 2024-01-10 09:19:53+00:00.

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I wasn't able to figure that one out on Google. We all know there's a pending decision on approving one or more BTC ETF(s) in the US. Assuming that goes through, I expect them to start trading pretty quickly.

And while there's BTC ETNs already in Europe, ETNs and ETFs there usually have no option chain, while major ETFs in the US often do. It would be really interesting if a BTC ETF in the US would have an option chain. Does anybody of you know any information, whether they plan options on those BTC ETFs, and if so, whether they will be available close to the launch date or only at a later time?

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The original was posted on /r/cryptocurrency by /u/LincHamilton on 2024-01-10 08:32:35+00:00.

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The original was posted on /r/cryptocurrency by /u/Savi321 on 2024-01-10 08:05:04+00:00.

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**Disclaimer:** Does this look like financial advice? You are right. It isn’t. Treat it so.

“Do Your Own Research” (DYOR) is not a fad but an important element of the cryptoverse. Do keep that in mind.

Indian Finance Ministry’s Show-Cause Notice to International Crypto Exchanges | And Its Effects | TLDR

In my article yesterday we saw the impact of the Indian Finance Ministry’s show cause notice on nine international exchanges. More Indian users from exchanges like KuCoin, Binance, Gateio, MEXC, and others, have moved their funds to Indian crypto exchanges. This worked well for the Indian crypto exchanges, which saw a surge in deposits ranging from 200% to 2000%.

Now that the dust has settled since 28th December 2023, other concerns are rearing its head. You see, much like in 2017, exchanges around the world have a collaboration when it comes to liquidity. Of that, Binance is a key player. Indian Exchanges too rely on their international counterparts for liquidity.

The concern is, if these exchanges refuse to toe the line or scale down their operations for Indian customers, what happens to the operations of Indian crypto exchanges? Logically, they would suffer too. That’s the word of caution that crypto experts have asked India to be cognizant of.

Here is one of the articles on Mint:

Regulations Vs. Liquidity | Both Are Important | Two Sides of The Same Coin

Further to the Indian Finance Ministry’s show-cause notice to nine international exchanges, and the momentary spike in deposits on Indian crypto exchanges, the news may not seem to be all that good. While regulations are important and no country would want to bypass them, the requirement of liquidity in the crypto space is also a known reality. The need of the hour is to balance liquidity and regulations.

While regulations are a welcome move, it appears that the international exchanges wouldn’t be in any hurry to comply. In other words, a momentary inability to operate in the Indian market wouldn’t be seen as a big problem for international exchanges. However, the Indian crypto exchanges, which depend on liquidity from their international counterparts, may face an issue if the problem persists.

To complicate matters, Indian regulations taxing each crypto transaction and 30% of the crypto earnings (or profit) make the Indian crypto market unviable for international players. Not only this but also Indian crypto exchange players wanting to go abroad will also have to rethink their strategy.

Overall, if the crypto market in a country depends on the crypto exchanges, then the current scenario under the Financial Intelligence Unit’s (FIU) crackdown may seem detrimental to the crypto space. While only time will tell how things pan out, it does seem to be unfavorable at the current moment.

**News Courtesy:** Mint (link provided in the article)

**Image Courtesy:** Ijmaki at Pixabay