Cryptocurrency News & Discussion

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The original was posted on /r/cryptocurrency by /u/NROPdude on 2024-01-07 14:24:04+00:00.

AI advice in btc

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The original was posted on /r/cryptocurrency by /u/kirtash93 on 2024-01-07 13:30:45+00:00.

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The original was posted on /r/cryptocurrency by /u/DPSK7878 on 2024-01-07 12:39:30+00:00.

Note I'm a Thorchain RUNE holder.

I really love the use case of this project. They are building cross chain native swaps between BTC, ETH, LTC and a few other top alts.

I believe DEXes should be the future considering all the CEX collapse stories like FTX and Quadriga CX.

Fees and execution wise on Thorchain are not really comparable or ideal to a CEX. Swapping on Thorchain DEX can be much slower and expensive. I think these are still acceptable and understandable.

What is really frustrating now is that the DEX is becoming more like a centralized entity but worst. Once in awhile, swapping can pause for some time.

At the moment, the AVAX chain has been paused for a few weeks. I feel concerned for some of the holders who may have their funds stucked in the LP.

I hope that Thorchain can resolve and unhalt the AVAX chain as quickly as possible. I hope that they can improve and achieve near maximum uptime. Otherwise, the purpose of the DEX is broken.

Current or ex RUNE holders, what are your thoughts ?Note I'm a Thorchain RUNE holder.

I really love the use case of this project. They are building cross chain native swaps between BTC, ETH, LTC and a few other top alts.

I believe DEXes should be the future considering all the CEX collapse stories like FTX and Quadriga CX.

Fees and execution wise on Thorchain are not really comparable or ideal to a CEX. Swapping on Thorchain DEX can be much slower and expensive. I think these are still acceptable and understandable.

What is really frustrating now is that the DEX is becoming more like a centralized entity but worst. Once in awhile, swapping can pause for some time.

At the moment, the AVAX chain has been paused for a few weeks. I feel concerned for some of the holders who may have their funds stucked in the LP.

I hope that Thorchain can resolve and unhalt the AVAX chain as quickly as possible. I hope that they can improve and achieve near maximum uptime. Otherwise, the purpose of the DEX is broken.

Current or ex RUNE holders, what are your thoughts ?

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The original was posted on /r/cryptocurrency by /u/partymsl on 2024-01-07 12:25:59+00:00.

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The original was posted on /r/cryptocurrency by /u/Adept-Hair295 on 2024-01-07 09:41:56+00:00.

@Serenityshield_

$SERSH 2024 Roadmap soon to be revealed by the crypto banter team after the recent very successful listing across multiple exchanges 📷 📷 Don’t sleep on this one📷📷 https://x.com/SerenityShield_/status/1742940479191162998?s=20… #Crypto #BSC #altcoins #2024 #Roadmap

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The original was posted on /r/cryptocurrency by /u/kiuliumov1892 on 2024-01-07 09:41:53+00:00.

What's the limit on how many requests I can send to the free CoinGecko API?

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The original was posted on /r/cryptocurrency by /u/Suitable-Emotion-700 on 2024-01-06 23:57:22+00:00.

I've noticed an uptick in absolute nonsense about Algorand, mostly rooted in old narratives about tokenomics and centralization through relay nodes. There are several absolutely valid criticisms of Algorand, but I'm not even seeing those because the attacks are pure FUD and rooted in the past. Lets have a constructive dialog about Algorand.

• Tech/Centralization:
  • Relay nodes become optional as early as Q1 2024 with Algorand moving to a gossip style network with optional use of relay nodes.
  • Dynamic Lambda (round times) Algorand has already begun an upgrade to dynamic round times shrinking an outstanding ~3.3 second round time to as little as ~2.6
  • Zero Downtime or network disruptions in block chain history
  • Falcon Keys: First movers in securing the history of the block chain in post quantum computing era. Also provide block-chain state and will eventually lead to trustless bridges
  • Python: Dev language will be upgraded to include pure python in the next iteration of Algokit.
• Projects/Innovations
  • TravelX: Company that is disrupting air travel. This company currently employs NFTickets on two (2) airlines with a passenger load of 2.6 million annually for FlyBondi and nearly 20 million per year with there new addition Viva (who has direct flights into the United States. Airlines are flocking to the idea of increasing revenue streams while simultaneously improving the customer experiences. Travelx is currently in talks with over 100 airlines. There are a lot of folks that poo-poo on NFTickets (we don't need them, how are they different). This is how we know that there is a major disconnect between retail and the web3 movement. Projects like this don't just create NFTs, they create a space for interoperability between thousands of disparate data bases by eliminating them.
  • Quantoz EURD: One of the first EMT's or Electronic Money Tokens. This is stewarded by Quantoz payments under the direction of the Dutch Central Bank. Why is this a big deal? Because stable coins have inherent tax implications, vulnerabilities and risks. No stable coin is pegged 100% and fluctuations of 1X=.9986 or 1.0011 create profits and losses that become reportable tax events (in terms of investments) that EMTs do not have. This is a major evolution in payments for internet of things (IoT) that will eventually become common place and while it will probably never replace stable coins, it will become prolific and maybe even an alternate to the "inevitable" CBDCs.
  • Lofty AI/Vesta Equity: Tokenization of real-estate. Proof of concept that heavily regulated industries can digitize asset ownership and create exposure to investors without the burden and liability of actually owning properties. These are considerably more flexible than REITS and much more transparent.
  • DEFI: Folks Finance, Pact, Humble, Tinyman all great DEFI platforms where you can lend, pool, and farm. If you don't believe how good these projects are, go try one.
  • Climate Trade: Offers carbon offset marketplace to help folks purchase carbon offsets that are mandatory in some regulatory environments.
  • Planet Watch: Networked sensors for collecting and mapping air quality.
  • AlgOcean: Marketplace for maritime industry (don't know much about this project)
  • World Mobile: Working on building affordable services for the underserved community utilizing Algorand
  • Humanitarian: Kare Survivor Wallet is a Red Cross project designed to get disaster aid to folks in need with as little friction as possible. It's transparent and can help reduce the bureaucracy and potential fraud in disaster relief efforts.
  • HesabPay- Project in Afghanistan to help underserved bridge financial gaps and pay their bills while removing counterparty risks.
  • Supply Chain Projects: Algorand already has projects that ensure counterfeit resistance for wines and olive oils in the EU. There are multiple legit supply chain projects including Wholechain, Circulor and Skuchain.
  • There are currently over 500 Dapp projects on the Algorand Ecosystem. My Algofam folks would probably blast me for leaving so many amazing projects out. Note that almost all of these projects are in the wild and not just "good ideas" or proof of concepts.
• USE
  • Over 150,000 active daily wallets
    • Over 153,000 Wallets have at least 1,000 Algo
    • 34,000 wallets have at least 10,000 Algo
  • TPS is currently 42.7
    • Does not include failed transactions (like some of your faves do) because Algorand doesn't have failed transactions.
    • Does not include consensus in transactions (like some of your faves do)
  • Block Chain has Instant Finality
  • 80.3% of 10B coins in circulation
  • Fee's are .001 Algo per transaction and can be voted lower or higher by community. For example, if the price of algo rose to $100, fee's would become $0.10. If that had an impact on the ecosystem, the fees could be voted down to .0001 algo. Fee's could also be raised to create income to sustain the network. At this time, 45 TPS is only generating about 3,888 algo a day or $738 a day.
  • Current Market Cap: 1.58B
  • Governance in place, vote on Algorand Topics and earn rewards
  • Governance in place, vote on Algorand Funding/Grants and earn rewards
• Accountability and FUD
  • Consistent FUD posts bash Algorand in r/cryptocurrency while accurate descriptions are deleted and posters banned. It feels like there is a massive agenda. As a new investor, I'd really hate to be fed non-stop MAXI nonsense.
  • I'll give this one to the haters, so they'll at least have some accurate ammunition against Algorand! There was a recent project called "Oranges" that was supposed to allow users to "mine" oranges through burning transaction fees. This project sent Algorand to a sustained 2k TPS. It turns out that to many applications (including wallets) were using these high demand/low density APIs and it caused issues. Note that these issues were not with the block-chain but with the API nodes being utilized for the transactions. Algonode, one of the major Algorand nodes utilized for lots of projects had to blacklist the project pending an API upgrade. Independent nodes are still able to mine the orange token (Just the front end of the project shut down). The lesson learned is that major projects should include API infrastructure projects.

TLDR; Algorand is a solid project with major innovations. It's a shame so many people shit on it with outdated and irrelevant FUD. There are some concerns, but they are easily overcome.

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The original was posted on /r/cryptocurrency by /u/Blocks_and_Chains on 2024-01-07 07:48:41+00:00.

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The original was posted on /r/cryptocurrency by /u/FitScore3115 on 2024-01-07 05:17:02+00:00.

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The original was posted on /r/cryptocurrency by /u/timewastingmachine10 on 2024-01-07 05:06:45+00:00.

I've been stacking BTC and other crypto for a little while now and I follow the markets closely but never did any trading. I love TA and would love to learn how to trade with leverage. I think it would be a good way to force myself to learn another side of the market. I want to have ways to earn money even when the market is going down.

It seems like we are very limited in what exchanges we can use in the US these days. What are the best platforms that we can use to trade with leverage?

I rly only have experience with coinbase, uphold, and Robinhood.

While we are at it, if u know of any good video tutorials or resources for beginners, feel free to share.

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The original was posted on /r/cryptocurrency by /u/CryptoMods on 2024-01-07 04:23:03+00:00.

The first three governance polls are now live on snapshot.

Connect the wallet with your Moons in order for your vote weight to be counted.

Please read through the meta discussions for the three polls if you haven’t already:

• Potential restart of Moon distribution in r/CryptoCurrency
• Give more governance weight to newly earned Moons
• Use or scrap existing reward formula for Moon distribution

Make sure you go here to vote:

Thanks for being part of the community and voting!

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The original was posted on /r/cryptocurrency by /u/timewastingmachine10 on 2024-01-07 05:06:45+00:00.

I've been stacking BTC and other crypto for a little while now and I follow the markets closely but never did any trading. I love TA and would love to learn how to trade with leverage. I think it would be a good way to force myself to learn another side of the market. I want to have ways to earn money even when the market is going down.

It seems like we are very limited in what exchanges we can use in the US these days. What are the best platforms that we can use to trade with leverage?

I rly only have experience with coinbase, uphold, and Robinhood.

While we are at it, if u know of any good video tutorials or resources for beginners, feel free to share.

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The original was posted on /r/cryptocurrency by /u/Joeyfishfingers on 2024-01-06 22:34:44+00:00.

Think about where the market is heading in the short term now- mass institutional adoption and market regulation. These are things crypto has only been able to dream of so far, but now, and very soon, they will become the cornerstones of being successful in this market.

Most blockchains can’t handle either of these key upcoming market characteristics.

For institutions to adopt and use blockchains, the price per transaction needs to be low, the transactions per second needs to be high and the transaction needs to be instantly final. The institution needs to be sure that the transaction is secure and the chain needs to be reliable- no downtime.

The ONLY chain that offers all of these points is Algorand.

Imagine you are a bank completing millions of transactions between accounts each day. You can’t use ETH- too slow and expensive. If you use a L2 they’re also currently too slow and expensive and you also need to trust an additional third party! (Crap)

If you use Cardano or XRP they’re slow and risk falling over once network volume increases. If you use SOL or HBAR- they both have histories of breaking down (particularly SOL which has an ungodly amount of failed transactions) so you might not be able to do any transactions at all when they’re out of action and none of these chains give you instant finality with no forking. So you could have transactions being rolled back after they’ve shown as complete! Imagine that in a bank!

Regulation wise, all of these projects have left themselves open to SEC action too! All with direct sales into the US market. ALGO didn’t!

Algorand based themselves in Singapore and did KYC to specifically rule out the possibility of selling direct into the US market. Sure Gensler has mentioned them in a case against someone else but he knows he can’t sue directly as they’re not based in his jurisdiction.

So Algorand ticks all boxes when it comes to regulation and mass adoption by institutions.

Couple that with the planned upcoming changes- incentivised node operation, so you will in effect be able to mine ALGO like you can with bitcoin, and the move to the Python programming language. The most used programming language in the world by a very long way! High school kids will be able to program on Algo! With a lot of assistance from Algo kit 2.0 and AI. Huge moves coming in Q1 this year! Game changing for the entire crypto space.

Silvio Micali is and always will be the OG of the crypto industry.

Look at the price in comparison to these other chains and ask yourself which market cap gains a zero first

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The original was posted on /r/cryptocurrency by /u/Cannister7 on 2024-01-07 02:08:24+00:00.

I know this has been asked many times before and I've just been through a lot of those posts from the last few years. But I still haven't really found the perfect solution.

A lot of people said Coingecko but unless I'm blind, you have to manually add each purchase to track it. I'm looking for an app where you can add the addresses or API keys.

Other people said Accointing and so I downloaded that, and then fiddled about adding APIs for two exchanges, only to find that smaller exchanges aren't supported, so you have to do it manually (nope). Then I also found that when I added one BTC address from my Trezor, it only shows the value from that specific receiving address. I know that seems obvious but I'm sure I read somewhere that there are apps that will be able to show the total of a wallet from only one of the addresses.

Side note. I think I'm still confused by the definition of addresses. Is there a difference between a receiving address and a public address? As in, do you have one public address (per wallet and network) even if you used several receiving addresses?

TDLR: Looking for a free app to track portfolio values which supports most exchanges and can read total wallet values from a single address

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The original was posted on /r/cryptocurrency by /u/Axiom777 on 2024-01-07 03:27:01+00:00.

If someone stakes their (just as an example) DOT their liquidity gets locked up for 28 days or so. I'm wondering if there are companies out there that exist which would offer loans somehow using your locked funds as collateral?

If they exist, what are the names of the companies? It seems like it would be a sought after service. Having the peace of mind to be able to access liquidity if you need it but still being able to take advantage of the juicy APY returns that some of these chains are offering for staking is highly appealing.

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The original was posted on /r/cryptocurrency by /u/Cannister7 on 2024-01-07 02:08:24+00:00.

I know this has been asked many times before and I've just been through a lot of those posts from the last few years. But I still haven't really found the perfect solution.

A lot of people said Coingecko but unless I'm blind, you have to manually add each purchase to track it. I'm looking for an app where you can add the addresses or API keys.

Other people said Accointing and so I downloaded that, and then fiddled about adding APIs for two exchanges, only to find that smaller exchanges aren't supported, so you have to do it manually (nope). Then I also found that when I added one BTC address from my Trezor, it only shows the value from that specific receiving address. I know that seems obvious but I'm sure I read somewhere that there are apps that will be able to show the total of a wallet from only one of the addresses.

Side note. I think I'm still confused by the definition of addresses. Is there a difference between a receiving address and a public address? As in, do you have one public address (per wallet and network) even if you used several receiving addresses?

TDLR: Looking for a free app to track portfolio values which supports most exchanges and can read total wallet values from a single address

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The original was posted on /r/cryptocurrency by /u/TheJevens on 2024-01-07 01:47:00+00:00.

title, if we do that would we create a bull run of a coin?I'm sure that because of the bull run, other people who doesn't know this subreddit will start buying at the same time so it will be even higher and then we all start selling at the same time with proft, it is even legal?

There is a law but that's for famous people, people with high status can't go on social media telling to their followers "go buy this now" but none of the people in here are like that, if we do that is as a group not as a single famous person or something idk

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The original was posted on /r/cryptocurrency by /u/jam-hay on 2024-01-07 01:38:30+00:00.

Meta continuing to feel the heat for running scam crypto ads on their platform. The social media companies are the culprits here.. profiting by allowing scammers to use their advertising platform... Not crypto!

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The original was posted on /r/cryptocurrency by /u/jam-hay on 2024-01-07 01:38:30+00:00.

Meta continuing to feel the heat for running scam crypto ads on their platform. The social media companies are the culprits here.. profiting by allowing scammers to use their advertising platform... Not crypto!

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The original was posted on /r/cryptocurrency by /u/IrisihCardio on 2024-01-07 01:32:54+00:00.

Hello r/Cryptocurrency,

I'm back with a deeper dive into TRIAS, a project that's not just technologically sound but also bustling with recent developments that could potentially reshape its market presence. Let’s talk about why TRIAS might just be a golden opportunity for the savvy investor.

1. The China Supply Chain Deal: TRIAS has recently partnered with the China Federation of Logistics and Purchasing (CFLP) to launch an Intelligent Supply Chain Public Service Platform. This platform is set to become the central hub for all of China’s supply chain data, leveraging the TRIAS blockchain. Considering the scale of China's supply chain, this could be a monumental step for TRIAS in terms of real-world application and adoption.
2. The Japanese Stable Coin Initiative: TRIAS has reportedly been involved in a deal related to a Japanese stablecoin. This foray into the stablecoin space, particularly in a robust economy like Japan's, could open new avenues for utility and integration of TRIAS technology.
3. Mainnet Launch on the Horizon: The upcoming launch of TRIAS's mainnet is another critical milestone. The mainnet going live signifies a transition from a developmental phase to a fully operational phase, which could be a game-changer in terms of functionality and user adoption.
4. Removal of the ST Tag on KuCoin: The Special Treatment (ST) tag, which is often applied to cryptocurrencies under certain conditions like undergoing significant changes, is set to be removed from TRIAS on KuCoin. This development is indicative of the stability and progress of the TRIAS project and might boost investor confidence.

Closing Thoughts

The combination of these recent strategic moves and its robust technological foundation makes TRIAS a potentially exciting addition to a diversified crypto portfolio. What are your thoughts on these developments? Are you considering TRIAS for your next investment?

When I look at the market cap of TRIAS and how under the radar it still is it feels like a great investment

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The original was posted on /r/cryptocurrency by /u/GagaMiya on 2024-01-07 01:23:56+00:00.

EigenLayer is a relatively new project, so there is no definitive answer to whether or not it is a scam. However, there are some red flags that should make you cautious before using it.

• Lack of transparency: EigenLayer is not as transparent as some other DeFi projects. They have not released a full whitepaper or conducted a formal security audit.
• High fees: EigenLayer charges high fees for staking Ethereum. This can eat into your profits, especially if you are only staking a small amount of ETH.
• Untested technology: EigenLayer is based on a new type of technology called "fraud proofs." This technology has not been battle-tested in a real-world environment, so there is a risk of bugs or security vulnerabilities.

Overall, it is too soon to say for sure whether or not EigenLayer is a scam. However, the red flags mentioned above should make you cautious before using it. If you are considering using EigenLayer, you should do your own research and make sure you understand the risks involved.

Here are some additional things to consider before using EigenLayer:

• *Only stake what you can afford to lose. * Cryptocurrencies are volatile, and there is always a risk of losing money. If you are not comfortable with this risk, then you should not stake your ETH on EigenLayer.
• *Diversify your stake across multiple protocols. * Don't put all your eggs in one basket. If something goes wrong with EigenLayer, you will still have some of your ETH staked on other protocols.
• *Regularly monitor your stake. * Keep an eye on the fees and rewards you are earning. If something seems out of place, be sure to investigate further.

What do you think? 🤔

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The original was posted on /r/cryptocurrency by /u/CryptoDaily- on 2024-01-07 00:00:41+00:00.

Welcome to the Daily Crypto Discussion thread. Please read the disclaimer and rules before participating.

Disclaimer:

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:

• Beginner Resources
• Intro to r/Cryptocurrency MOONs 🌔
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The original was posted on /r/cryptocurrency by /u/Laroxide on 2024-01-06 23:27:44+00:00.

As the approval day for Bitcoin looms closer, I want to know within the cryptocurrency community whether it bitcoin will soar immediately or climb steadily post-approval.

I'm about ready to get back into steady consistent gains, like I was having before the BTC ETF craze.

My thoughts: 3 more days until deadline. I think it may happen Wednesday I heard about some WEF meeting, conference or something like that about risk assessment. Maybe it ties into that meeting, but from there I think BTC will steadily go up post approval.

What are you thoughts on how this will play out post approval?

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The original was posted on /r/cryptocurrency by /u/flowers_at_dusk on 2024-01-06 20:38:13+00:00.

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The original was posted on /r/cryptocurrency by /u/NightKnight_CZ on 2024-01-06 19:12:04+00:00.

Data from bitinfocharts.

• In last 1M from Top 100 Litecoin wallet whales, these added to their holding:

| Bought: | Sold: | |

|

| | Top 5th: +101,000 LTC | Top 3rd: -29,000 LTC | | Top 8th: +115,000 LTC | Top 49th: -42,000 LTC | | Top 9th: +40,000 LTC | Top 57th: -2,800 LTC | | Top 10th: +445,000 LTC | Top 60th: -2,100 LTC | | Top 48th: +288,000 LTC | Top 64th: -55,000 LTC | | Top 54th: +8,600 LTC | Top 97th: -8,200 LTC | | Top 67th: +22,000 LTC | | | Top 73th: +3,500 LTC | | | Top 82th: +6,400 LTC | | | Top 84th: +159,000 LTC | | | Top 87th: +154,000 LTC | | | Top 98th: +114,000 LTC | | | Total: + 1,262,760 LTC | Total: - 139,100 LTC |

Meanwhile price keep stagnating at -11% in last 1M, Litecoin performance rank is at 95th place from 100 Top CMC coins, while still hanging in Top 19th place.

So whales keep buying, price keeps dropping/stagnating.... interesting.