Cryptocurrency News & Discussion

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/Electrical_Tension on 2024-01-05 19:00:05+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/DrunkenGolfer on 2024-01-05 18:45:43+00:00.

Generally speaking, the larger accounting firms will not do standard financial audits for firms with crypto holdings. I suspect reputational risk is too high for their risk appetite. I know there are companies that do things like reserve audits, but I would like to know if there are any firms who will accept an audit engagement for a standard financial audit. There must be a boutique-type firm in this space that specializes in such things; does anyone have a lead or know the companies that do this?

Thanks.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/DrunkenGolfer on 2024-01-05 18:45:43+00:00.

Generally speaking, the larger accounting firms will not do standard financial audits for firms with crypto holdings. I suspect reputational risk is too high for their risk appetite. I know there are companies that do things like reserve audits, but I would like to know if there are any firms who will accept an audit engagement for a standard financial audit. There must be a boutique-type firm in this space that specializes in such things; does anyone have a lead or know the companies that do this?

Thanks.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/Adalwolf311 on 2024-01-05 18:44:03+00:00.

As many of you know, liquidity mining is a popular way to earn rewards on your crypto. Essentially, you earn rewards by lending out your crypto to a DEX (decentralized exchange) or liquidity pool.

While Ethereum is the largest player in the DeFi space, I'm curious to know what other platforms you like using for liquidity mining. Specifically, what other L1 protocols do you like using for this? While Ethereum L2s are becoming increasingly more popular, the fees to move on and off the mainnet can still be pretty high.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/Adalwolf311 on 2024-01-05 18:44:03+00:00.

As many of you know, liquidity mining is a popular way to earn rewards on your crypto. Essentially, you earn rewards by lending out your crypto to a DEX (decentralized exchange) or liquidity pool.

While Ethereum is the largest player in the DeFi space, I'm curious to know what other platforms you like using for liquidity mining. Specifically, what other L1 protocols do you like using for this? While Ethereum L2s are becoming increasingly more popular, the fees to move on and off the mainnet can still be pretty high.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/flowers_at_dusk on 2024-01-05 18:40:30+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/flowers_at_dusk on 2024-01-05 18:40:30+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/heybeluga on 2024-01-05 18:32:26+00:00.

This week we experienced what appears to be the Largest Alt Coin liquidation event in two years. Hundreds of millions in interest were wiped out in a matter of minutes. This number is staggering and was caused from a ~10% move on Bitcoin, which in the grand scheme of crypto volatility is relatively small. What this means is traders got complacent and over-levered their positions, leaving them vulnerable to liquidation on moves like this.

Rumors circulated that the reason for this drop was somehow due to a report from an analyst at MatrixPort who believed there was a reasonable doubt of the BTC ETF being denied. Its crazy to think a single analyst report could be the source of hundreds of millions in liquidations. It is far more likely that this was a liquidity grab meant to clear some of the leverage, which as seen in the above chart, had become very thick very close to the current price of BTC. We have now almost entirely retraced the liquidation cascade, further lending to the idea this was a liquidity grab.

As we draw closer to the expected BTC spot ETF approvals with deadlines this month, there will likely be a lot of violent moves on majors as well as altcoins. Beluga recommends everyone to be careful with their leverage, and manage risk properly.

For more:

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/heybeluga on 2024-01-05 18:32:26+00:00.

This week we experienced what appears to be the Largest Alt Coin liquidation event in two years. Hundreds of millions in interest were wiped out in a matter of minutes. This number is staggering and was caused from a ~10% move on Bitcoin, which in the grand scheme of crypto volatility is relatively small. What this means is traders got complacent and over-levered their positions, leaving them vulnerable to liquidation on moves like this.

Rumors circulated that the reason for this drop was somehow due to a report from an analyst at MatrixPort who believed there was a reasonable doubt of the BTC ETF being denied. Its crazy to think a single analyst report could be the source of hundreds of millions in liquidations. It is far more likely that this was a liquidity grab meant to clear some of the leverage, which as seen in the above chart, had become very thick very close to the current price of BTC. We have now almost entirely retraced the liquidation cascade, further lending to the idea this was a liquidity grab.

As we draw closer to the expected BTC spot ETF approvals with deadlines this month, there will likely be a lot of violent moves on majors as well as altcoins. Beluga recommends everyone to be careful with their leverage, and manage risk properly.

For more:

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/Feeling-Inside5147 on 2024-01-05 17:45:50+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/KAX1107 on 2024-01-05 17:35:54+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/TCr0wn on 2024-01-05 17:35:30+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/Signal-Good-4218 on 2024-01-05 17:11:11+00:00.

Few years ago i accidently sent quite a bit of litecoin to my kucoin Btc address accidentally. The network automatically created a ltc address based off my kucoin Btc address and the coins have been on that ltc address for roughly 2 years . Id have to imagine there has to be a way kucoin can get the funds recovered because they DO NOT provide the secret keys to the funds stored on their exchange . If Anyone has any insight on how to HONESTLY recover the funds and walk me through the process I will donate as a way to thank u

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/RabidMining on 2024-01-05 15:38:30+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/Odd-Radio-8500 on 2024-01-05 15:33:32+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/drjacks on 2024-01-05 14:45:37+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/drjacks on 2024-01-05 14:45:37+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/ogptsdshawty on 2024-01-05 14:16:48+00:00.

Hello, I’m super new to crypto and bought a little bit of ethereum (value of around 23$) to get to know the system and see how it works. I bought it on Binance, after that I wanted to withdraw it to my wallet (Exodus). I saw that Binance takes fee for withdrawing crypto, so I’d only get ethereum around 16$ worth to my wallet. Is it always like it? Are there ways to avoid it? Please someone help me. I don’t understand it. It takes so much that even if I did any profit of crypto I’d loose it just by withdrawing to wallet? Someone who knows more please explain😭

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/ogptsdshawty on 2024-01-05 14:16:48+00:00.

Hello, I’m super new to crypto and bought a little bit of ethereum (value of around 23$) to get to know the system and see how it works. I bought it on Binance, after that I wanted to withdraw it to my wallet (Exodus). I saw that Binance takes fee for withdrawing crypto, so I’d only get ethereum around 16$ worth to my wallet. Is it always like it? Are there ways to avoid it? Please someone help me. I don’t understand it. It takes so much that even if I did any profit of crypto I’d loose it just by withdrawing to wallet? Someone who knows more please explain😭

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/henkomannen on 2024-01-05 14:04:29+00:00.

Hello, yesterday I was trying to transfer Tether(USDT) from my Binance wallet to the Coinbase wallet, but as a beginner I made the mistake of transfering through the BSC network. However later I understood that Coinbase don't have any support for this network. Is there anyway to retrieve these crypto:s? It's a rather small sum since I wanted to try first.

I have tried to create a metamask wallet and importing the contract hash, but when I do it seems like the token is empty of any currency, which I don't really understand. Could someone please guide me in the right direction? I am learning something new every day - so it's very interesting.

I'm just happy that I just tried to transfer 25 bucks.

Br, Henkomannen

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/henkomannen on 2024-01-05 14:04:29+00:00.

Hello, yesterday I was trying to transfer Tether(USDT) from my Binance wallet to the Coinbase wallet, but as a beginner I made the mistake of transfering through the BSC network. However later I understood that Coinbase don't have any support for this network. Is there anyway to retrieve these crypto:s? It's a rather small sum since I wanted to try first.

I have tried to create a metamask wallet and importing the contract hash, but when I do it seems like the token is empty of any currency, which I don't really understand. Could someone please guide me in the right direction? I am learning something new every day - so it's very interesting.

I'm just happy that I just tried to transfer 25 bucks.

Br, Henkomannen

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/bigstew6 on 2024-01-05 13:48:01+00:00.

Advice needed!

I’ve had some ETH sitting on arb nova and I recently used the arb bridge to bridge over to mainnet. The initial transaction was approved but it is saying that I need to come back in 7 days to claim the funds.

I used the bridge previously to send ETH from mainnet to nova and didn’t experience this process of having to come back and claim the funds on the chain, it simply took about 15 minutes for the transactions to complete and it was smooth sailing.

Is this normal when moving back to mainnet?Kinda hoping I didn’t get screwed over here but I suppose we will see!

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/jeeptopdown on 2024-01-05 12:30:53+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/bubbawears on 2024-01-05 11:57:41+00:00.

Hello Crypto Warriors of r/cryptocurrency!

In the ever-evolving world of cryptocurrencies, staying updated on the latest market trends is crucial. Let's dissect the current state of the crypto market and what it means for us as investors, traders, and enthusiasts.

1. Market Volatility – A Double-Edged Sword: The crypto market is known for its volatility. Recent price fluctuations have been a rollercoaster ride. Let's discuss the factors driving this volatility and how to navigate it.
2. Adoption Surge – Mainstream and Institutional: We're seeing a surge in crypto adoption, both from mainstream users and institutional investors. How is this affecting the market dynamics?
3. Regulatory Landscape – A Balancing Act: Governments worldwide are grappling with how to regulate cryptocurrencies. What recent regulatory developments could shape the market's future?
4. Innovation in the Space – DeFi and Beyond: The rise of DeFi, NFTs, and other blockchain innovations continue to push the boundaries. How are these impacting the market and investor sentiment?
5. Global Economic Factors – The Bigger Picture: From inflation rates to geopolitical tensions, various global factors are influencing crypto markets. Let's discuss these macroeconomic elements.
6. The Road Ahead – Challenges and Opportunities: While there are challenges like market manipulation and security concerns, there are also immense opportunities. What does the future hold for the crypto market?

Discussion Points:

• How are you adapting your strategies in the current market condition?
• What are your predictions for the crypto market in the short and long term?
• How can the crypto community better prepare for regulatory changes?

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/Adamantinian on 2024-01-05 11:56:44+00:00.

Clickbaity title yes, but genuinely wondering. I'm going to Argentina soon, and the more I look into it the more hellish the whole currency situation seems. Request to pay in Pesos rather than dollars because they have to give you the government exchange rate which is more favorable, but also bring dollar bills, preferably $100s, oh and try to lock in bookings in Peso terms as quickly as possible because it will devalue by the time you get there, send yourself dollars via Western Union and exchange at random places on the streets, etc etc.

It made me wonder: to what extent can I use crypto in Argentina? Do people like it when you offer to pay in crypto (whatever crypto, I don't care) or in USDT? Is it commonly done, is it common knowledge?

It feels like such an easy win for crypto here, but it's hard to find information on it as an outsider. Would love to hear insider information on it!