Cryptocurrency News & Discussion

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The original was posted on /r/cryptocurrency by /u/LEMONSDAD on 2023-12-26 01:48:51+00:00.

I was looking at the charts and saw a nearly 50 percent price drop. Was it a whale selling their coins or a potential wallet hack?

I know this is a smaller altcoin but believe a handful of people lost a significant amount of money.

Or is this the beginning of a rug pull? From my understanding this coin has been around nearly 5 years or so now and was wondering if people have seen drops like this with other 5+ year coins?

If it is a hack can someone with knowledge explain the vulnerabilities on how something like this can happen in the first place?

Secondly, what can be put in place to prevent things like this happening in the first place.

I feel for those who may have personally lost thousands of dollars and felt like reaching out on this forum might provide some clarity on what happened and provide some exposure that it happened in the first place.

I love the opportunity that crypto provides by giving average people a chance to make some significant life changing money but seeing things like this has to scare the crap out of people.

Been following this coin since 2021 which has had some wild ups and downs but not really sure where it’s going to be heading after an event like this.

Anyone else been personally affected by a hack of some type? Did the teams ever reach out and rectify the situation or just have to eat the loss?

Thank you for those who can elaborate on some of the points in this post.

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The original was posted on /r/cryptocurrency by /u/dirtysmurf88 on 2023-12-26 01:49:21+00:00.

I've recently delved into the crypto space and found myself intrigued by some high-risk coins. Specifically, I've been exploring KAS, VAX, BDP, and VAI. While the allure of potential high returns is tempting, it's crucial to approach such investments judiciously. Each of these coins operates within its distinct ecosystem and carries its set of challenges and opportunities. For instance, KAS might be leveraging innovative technology, VAX could be influenced by specific market sentiments or strategic partnerships, BDP might be paving the way in decentralized finance solutions, and VAI could be associated with stablecoin functionalities. As I navigate this landscape, I'm diligently researching each coin's whitepapers, assessing team credentials, gauging community sentiment, and evaluating potential use cases. However, it's vital to remember the volatile nature of these investments. While they offer growth potential, they equally present risks. I'm also diversifying my portfolio to mitigate potential losses. I just would like to see what other people think about these cryptocurrency and if you also have some that you'll like to discuss feel free.

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The original was posted on /r/cryptocurrency by /u/powerdick on 2023-12-26 01:19:33+00:00.

Lecce Libre is a tracker-free, privacy focused fork of Ledger Live

It has no wallet functionality, no accounts, no identifiable user data

End goal is for usage to allow 100% anonymous hardware wallet installation and updates.

Still no way to capture the ADPU's and feed them into the HW without them tracking the deviceID yet. Working towards that.

Here's a summary of changes in this latest commit:

• Removed a google-loaded library (made network calls, could track users)
• Removed currencies network call, now loads currency list locally
• Removed icons from currency list. The icons got loaded from internet servers. Could be used to track users
• Removed braze. Whatever the fk that may be. It was making network calls
• Removed asset balance summary. Made network calls involving asset balances (no no no no).
• Does no longer fetch current prices. Also network call
• Removed swap functionality which loaded prices from central service.

Release notes and source code:

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The original was posted on /r/cryptocurrency by /u/LEMONSDAD on 2023-12-26 01:48:51+00:00.

I was looking at the charts and saw a nearly 50 percent price drop. Was it a whale selling their coins or a potential wallet hack?

I know this is a smaller altcoin but believe a handful of people lost a significant amount of money.

Or is this the beginning of a rug pull? From my understanding this coin has been around nearly 5 years or so now and was wondering if people have seen drops like this with other 5+ year coins?

If it is a hack can someone with knowledge explain the vulnerabilities on how something like this can happen in the first place?

Secondly, what can be put in place to prevent things like this happening in the first place.

I feel for those who may have personally lost thousands of dollars and felt like reaching out on this forum might provide some clarity on what happened and provide some exposure that it happened in the first place.

I love the opportunity that crypto provides by giving average people a chance to make some significant life changing money but seeing things like this has to scare the crap out of people.

Been following this coin since 2021 which has had some wild ups and downs but not really sure where it’s going to be heading after an event like this.

Anyone else been personally affected by a hack of some type? Did the teams ever reach out and rectify the situation or just have to eat the loss?

Thank you for those who can elaborate on some of the points in this post.

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The original was posted on /r/cryptocurrency by /u/SoSohso on 2023-12-26 01:09:35+00:00.

Favorite Alts

Hey I wanted to see everyone's favorite Alts at the current price they are in right now, also explain why, also if you would like you can talk about the technology, how it's needed for the future and (if it is) already used today and will be adopted slowly. These can be L2s, dexs, defi anything you want to write about. Doesn't matter if you own the coin or not just give real reasons why. Also you can talk about up and coming coins with their block chain already running.

All discussion should be NFA

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The original was posted on /r/cryptocurrency by /u/powerdick on 2023-12-26 01:19:33+00:00.

Lecce Libre is a tracker-free, privacy focused fork of Ledger Live

It has no wallet functionality, no accounts, no identifiable user data

End goal is for usage to allow 100% anonymous hardware wallet installation and updates.

Still no way to capture the ADPU's and feed them into the HW without them tracking the deviceID yet. Working towards that.

Here's a summary of changes in this latest commit:

• Removed a google-loaded library (made network calls, could track users)
• Removed currencies network call, now loads currency list locally
• Removed icons from currency list. The icons got loaded from internet servers. Could be used to track users
• Removed braze. Whatever the fk that may be. It was making network calls
• Removed asset balance summary. Made network calls involving asset balances (no no no no).
• Does no longer fetch current prices. Also network call
• Removed swap functionality which loaded prices from central service.

Release notes and source code:

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/SoSohso on 2023-12-26 01:09:35+00:00.

Favorite Alts

Hey I wanted to see everyone's favorite Alts at the current price they are in right now, also explain why, also if you would like you can talk about the technology, how it's needed for the future and (if it is) already used today and will be adopted slowly. These can be L2s, dexs, defi anything you want to write about. Doesn't matter if you own the coin or not just give real reasons why. Also you can talk about up and coming coins with their block chain already running.

All discussion should be NFA

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The original was posted on /r/cryptocurrency by /u/CryptoDaily- on 2023-12-26 00:00:28+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 🌔
• MOONs Wiki Page
• r/CryptoCurrency Discord
• r/CryptoCurrencyMemes
• Prior Daily Discussions - (Link fixed.)
• r/CryptoCurrencyMeta - Join in on all meta discussions regarding r/CryptoCurrency whether it be moon distributions or governance.

Finding Other Discussion Threads

Follow a mod account below to be notified in your home feed when the latest r/CC discussion thread of your interest is posted.

• u/CryptoDaily- — Posts the Daily Crypto Discussion threads.
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• u/CryptoNewsUpdates — Posts the Monthly News Summary threads.

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The original was posted on /r/cryptocurrency by /u/Rakendaken on 2023-12-25 23:16:26+00:00.

Okay Reddit. Let’s have a little thought experiement.

We all heard or read storys about „that guy“ who found a lost wallet, a passphrase, harddrive or whatever(someone got out of jail), and therefore got rich over some long forgotten bitcoin holding. Like that guy who mined once, lost his wallet, but found it years later while saw bitcoin rising on the news. Or that girl, that once ran an online shop and accepted bitcoin as a paymant but was all to busy, to realy figure it out or care until she found her old business folders years later. Or that Lil street pusher who converted to silkroad, got busted, went to jail and got out years later. Or whatever other story appeals to your own liking.

So, let’s, for once assume, people lose/forget about/ or can't access their shit all the time.

How would you intentionally pack and prepare a Crypto Time Capsule for someone(best case yourself) in 10, 15, X years to find and make sense.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/CryptoDaily- on 2023-12-26 00:00:28+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 🌔
• MOONs Wiki Page
• r/CryptoCurrency Discord
• r/CryptoCurrencyMemes
• Prior Daily Discussions - (Link fixed.)
• r/CryptoCurrencyMeta - Join in on all meta discussions regarding r/CryptoCurrency whether it be moon distributions or governance.

Finding Other Discussion Threads

Follow a mod account below to be notified in your home feed when the latest r/CC discussion thread of your interest is posted.

• u/CryptoDaily- — Posts the Daily Crypto Discussion threads.
• u/CryptoSkeptics — Posts the Monthly Skeptics Discussion threads.
• u/CryptoOptimists- — Posts the Monthly Optimists Discussion threads.
• u/CryptoNewsUpdates — Posts the Monthly News Summary threads.

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The original was posted on /r/cryptocurrency by /u/FitScore3115 on 2023-12-25 22:21:37+00:00.

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The original was posted on /r/cryptocurrency by /u/Rakendaken on 2023-12-25 23:16:26+00:00.

Okay Reddit. Let’s have a little thought experiement.

We all heard or read storys about „that guy“ who found a lost wallet, a passphrase, harddrive or whatever(someone got out of jail), and therefore got rich over some long forgotten bitcoin holding. Like that guy who mined once, lost his wallet, but found it years later while saw bitcoin rising on the news. Or that girl, that once ran an online shop and accepted bitcoin as a paymant but was all to busy, to realy figure it out or care until she found her old business folders years later. Or that Lil street pusher who converted to silkroad, got busted, went to jail and got out years later. Or whatever other story appeals to your own liking.

So, let’s, for once assume, people lose/forget about/ or can't access their shit all the time.

How would you intentionally pack and prepare a Crypto Time Capsule for someone(best case yourself) in 10, 15, X years to find and make sense.

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The original was posted on /r/cryptocurrency by /u/FitScore3115 on 2023-12-25 22:21:37+00:00.

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The original was posted on /r/cryptocurrency by /u/spinning_leaves on 2023-12-25 17:24:05+00:00.

Personally I feel like this subs hate on Solana is kinda wild. Sure they had some crappy investors and outages early on but they have put in the work to get better and it shows. They’ve even had bounties on finding bugs/ways to shut down the network. It feels like this subs bags are fully invested in the yahoo search engine then google comes along. Faster,cheaper and easier to use? Yes please. I’ve had an equal amount of both before the surge but it’s definitely not equal anymore and I don’t think I’m going to change it.

Do any of you have any concrete examples of why you think Etherium will be better?

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The original was posted on /r/cryptocurrency by /u/iknowifuckedupok on 2023-12-25 20:15:55+00:00.

Hello, I have looked through the sidebar and the 'how to buy' link. I have looked through coinbase advanced, gemini, etc. But they don't really make what all the fees are very clear.

I bought my first BTC living in asia on localbitcoins in 2015. Later just walked into an exchange with a bag of fiat. Now I live somewhere that type of transaction is not possible. Now in North America

Looking to buy multiple BTC. Coming up with coinbase advanced being the cheapest.

I tried using the search but couldn't find what I was looking for. OTC options I have seen have a higher spread than I want.

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The original was posted on /r/cryptocurrency by /u/WiilkaCisman on 2023-12-25 18:56:22+00:00.

My seed is in below story. The idea of this is for you to memorize your seed instead of storing it somewhere that a hacker or scammer can get to. Lots of people had their seeds compromised.

I stored the story in gmail below so that in future if I need my seed again I just read the story and I'll remember the words inside them. The idea is to have memory triggers of your seed via the short story you stored. So if you memorized your seed the story will help trigger all the words you remembered from your seed.

I decided to do this and one I posted last night which no one solved that was a translation. But below one is ChatGPT written.

My 12 phrase seed is stored in below story. It contains over $300 in Crypto and is a Phantom Solano wallet (No ETH in it). I'll leave this one up and won't delete this post. If you can find the seed words then you have my permission to take the wallet.

In the heart of a small town, there lived a kind lady named Eleanor. She owned a quaint bookstore where locals gathered to share stories. One day, as she was organizing the shelves, a trio of lively young dancers entered, clad in awkward attire that somehow complemented their energetic spirit.

Intrigued, Eleanor put aside her labor and joined the impromptu dance. The three twirled around her, their movements a lively spectacle. Suddenly, a misstep sent Eleanor tumbling, and she twisted her ankle.

The dancers, realizing their folly, stopped in concern. Yet Eleanor, laughing, assured them it was just a little stumble. As the day unfolded, the dancers became unlikely helpers, fetching ice for her ankle and entertaining customers with their contagious enthusiasm.

Later, as they sat amidst books and broccoli soup in Eleanor's cozy corner, the once awkward dancers transformed into friends. The foam from their laughter echoed through the bookstore, rewriting the page of that afternoon.

Eleanor couldn't help but gaze at the unexpected joy they brought. It turned out that the most unexpected moments, like an impromptu dance, could lead to something surprisingly good — a bond formed in the rhythm of life.

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The original was posted on /r/cryptocurrency by /u/Hungry_Toe_9555 on 2023-12-25 18:51:52+00:00.

 Five Cryptos ready to explode by a 1000%

Bitcone

Started as meme coin but has gaming utility and a community of 11,000 passionate Redditors. Bitcone is a polygon based token with additional utility for Avatar trading. I could see 25 cents or more as a real possibility.

Stellar Canna Coin 8,000 passionate redditors and payment utility with relatively low supply. Current utility includes several seed banks you can use it as payment. Situated on Lumen Stellar real potential to go to a dollar or more.

FLR1 Pipeflare token for their gaming site. Currently trading for less than a penny could easily go to a dollar. Utility as an ecosystem token on Pipeflare website.

BTB Saga Battle Saga is gaming token with utility in Battle Saga game. Not hard to see a dollar as a real possibility.

Plunger Token Plunger is a Polygon based token with meme origins but utility for Avatar trading with more planned.

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The original was posted on /r/cryptocurrency by /u/quantumwoooo on 2023-12-25 17:56:35+00:00.

My assumption is that once the ETF is approved, bitcoin will spike. I want to capitalise on this by placing a highly levered position on bitcoin the instance it's announced.

To do this, I have python code monitoring the SEC press releases, as well as multiple news outlet sources (using RSS, the announcement will come to me instantaneously)

The code monitors mentions of 'bitcoin' and 'etf'. If they are mentioned, the code will pass the news to chatgpt, simply asking if the message says the ETF has been approved.

If chatgpt say yes, (technically returns a 1 instead of 0), my account will automatically place a highly leverage position, alert me and stop running.

I've been running this for weeks with no false positives so far, however I can't forsee every possible pitfall.

My only worry so far is the spread at the announcement Is so large that the leverage will wipe the account, however I'm relying on the speed of execution to get in before the market goes into a frenzy. Others have pointed out even the slightest negative impact will liquidate the account which is a consideration. My bet is there won't be any negative impact.

Course I want this plan to work, hence I'm only using 25x leverage, giving ~4% drawdown allowance which I assume should be more than enough. In reality I feel you could do it with 100x leverage however that seems to cut it too close in my opinion

What's your opinion?

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The original was posted on /r/cryptocurrency by /u/Electrical_Tension on 2023-12-25 17:09:29+00:00.

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The original was posted on /r/cryptocurrency by /u/Fattynes on 2023-12-25 15:38:59+00:00.

Hey There,

Sitting here with a problem so I hope someone here can help me out with my problem. I have a bit of Vechain on the BSC network. I want to convert this to normal Vechain so I can send it to Coinbase account (for example). I can not deposit this Vechain BEP20 back to Binance as services for residents of my country have been canceled so there is no way for me to send it back to Binance and send it to a different exchange from there. Is there any way to get my Vechain thats on the Binance Smart Chain out of my hot wallet(not binance) so I can actually sell it if I wanted to? Need help on this as I am fairly new and I don't want to lose my crypto or wait till Binance is back in action :(

Thanks!

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The original was posted on /r/cryptocurrency by /u/Individual_Essay8230 on 2023-12-25 16:05:20+00:00.

I have a wide variety of alts, that I watch far below my average costs. Now that some of these coins are rising, some of them are making it to their average costs.

Some of them I don’t think of any help I’ve ever reaching back to their average that I bought them.

I’m wondering what some of your strategies are for your old coins as the next ball run starts. Are you thinking that they will rise passer average after the bitcoin having?

If they do, are you taking profits in then dollar cost averaging them into ether or bitcoin I am thinking that I need to buy as much bitcoin as possible using my old as a way of converting. I don’t know. What do you think you’re going to do with your adults especially the non-performing ones

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The original was posted on /r/cryptocurrency by /u/kirtash93 on 2023-12-25 15:38:50+00:00.

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The original was posted on /r/cryptocurrency by /u/GoldenRain99 on 2023-12-25 15:13:20+00:00.

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The original was posted on /r/cryptocurrency by /u/Electrical_Tension on 2023-12-25 14:09:17+00:00.

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The original was posted on /r/cryptocurrency by /u/partymsl on 2023-12-25 13:16:38+00:00.