Cryptocurrency News & Discussion

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The original was posted on /r/cryptocurrency by /u/travelerlifts07 on 2024-01-21 06:03:06+00:00.

On August 14, 2023 (the "Petition Date"), Prime Core Technologies Inc. and three affiliated debtors (collectively, the "Petition Date") filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code. The Debtors' bankruptcy cases are jointly administered under Case No. 23-11161 and are pending before the Honorable Judge J. Kate Stickles in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"). Below please find a hyperlink to an important document recently filed in the bankruptcy proceedings of Prime Core Technologies Inc., et al, Case No. 23-11161: Docket No. Date Filed 46 08/28/2023 Document Name Notice of Meeting of Creditors/Commencement of Case // Notice of Chapter 11 Bankruptcy Case Filed by Prime Core Technologies Inc.. 341(a) meeting to be held on 9/25/2023 at 02:00 PM (check with U.S. Trustee for ocation). Objection 523 due by 11/24/2023. (Kandestin, Maris). For additional case-related information, please visit . Regards, Stretto

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The original was posted on /r/cryptocurrency by /u/Mdpablo on 2024-01-21 05:58:30+00:00.

In other phrasing; what’s your starting point for crypto info? Firstly: The obvious answer would be this subreddit. however fun it may be to linger around, this ends up being a place for shilling and echo chambers: Lots of very vocal people talking about a handful of coins would make one believe that a coin got lots of traction and legitimacy. I got cought up in it last bullrun but learned the hard way that this is not at all a representation for the market as a whole. Last run the best strategy would have been to do pretty much the exact opposite as the recommendations here. Usually the train has left the station already when a coin gets hot over here.

A second obvious reply would be “DYOR and read the whitepapers etc.”. However in my opinion that’s a second step after getting directed to a certain coin from another source. There is just to much going on that it’s like finding water in a desert if there is no lead.

A third would be the known crypto YouTube channels. Many are however getting pretty close to pyramid schemes. The big ones have enough reach to launch a certain coin themselves. They obviously make bank and you could as well if lucky but it feels like gambling to me.

So where do you start? Who do you “trust” for legit info?

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The original was posted on /r/cryptocurrency by /u/NJBridgewater on 2024-01-20 10:10:45+00:00.

My latest post:

An analysis of how Bitcoin citadels would exist in a theoretical post-apocalyptic zombie landscape. A thought experiment, if you will. Bitcoin citadels would allow free trade across distances and collaboration among disparate communities of 150 members or more. I suggest that Bitcoin is sufficiently anti-fragile to survive any such cataclysmic future.

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The original was posted on /r/cryptocurrency by /u/barthib on 2024-01-19 17:00:09+00:00.

1. Everyone has always considered gold as a reasonable and valuable way to hold value. The reputation of Bitcoin is the complete opposite. So I don't expect to see with BTC what we saw with gold ETFs.
2. It is complicated to buy certified gold and store it. With Bitcoin, everybody could already buy and hold with an online exchange. Front runners are now taking their juicy profits.
3. There existed already BTC ETFs in Europe and in Canada and American individuals and funds could already buy ETFs (those abroad or the existing Futures ETFs) in order not to miss the bull run. These front runners are now taking their juicy profits.
4. Americans ETFs are all what Bitcoin enthusiasts have dreamed of for a decade. There is no bigger news to reasonably hope for after that (all attempts to make it a national currency failed). The ETF is the end of the adventure.

Positive view point: meanwhile, Ethereum builds the Web 3.

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The original was posted on /r/cryptocurrency by /u/f00dl3 on 2024-01-19 14:54:56+00:00.

Not sure about Etereum ETFs to short. If anyone knows any let me know.

BITO is the only one I know that is predictable. You can short XBTF on Fidelity as well but the movements are really strange. GBTC does not let you short, and so far none of the new spot ETFs allow trading on margin that I know of.

Didn't know if anyone else knew good ETFs to short for crypto in general.

BITO has been my go-to but yesterday and the day before there were no shares available to short. Today it looks like over 1 million shares have been released for shorting - but in the future would be nice to have a backup plan for these huge chart rejection points i.e. 48k for the king, 2.5k for Ether... etc.

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The original was posted on /r/cryptocurrency by /u/FitScore3115 on 2024-01-19 14:45:51+00:00.

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The original was posted on /r/cryptocurrency by /u/TheVasa999 on 2024-01-19 13:13:44+00:00.

Lately, I've been researching crypto airdrops, and found it quite interesting but I am very skeptical (giving out money for free is always suspicious).

Can it be profitable? Or do you spend more on swap fees, and have to have huge amounts of money to break even?

When researching, I have mostly found very varied responses where someone could get thousands in drops, while others got cents. And it also apparently takes a lot of time.

I am not asking for specific projects. I would like to hear your experiences with them. Thanks.

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The original was posted on /r/cryptocurrency by /u/cointelegraph1 on 2024-01-19 12:24:06+00:00.

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The original was posted on /r/cryptocurrency by /u/drjacks on 2024-01-19 12:08:25+00:00.

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The original was posted on /r/cryptocurrency by /u/bIackrain on 2024-01-19 12:06:47+00:00.

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The original was posted on /r/cryptocurrency by /u/flowers_at_dusk on 2024-01-19 10:49:17+00:00.

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The original was posted on /r/cryptocurrency by /u/Odd-Cut-7365 on 2024-01-19 10:25:07+00:00.

The new guidelines for the end of 2024:

The new EBA guidelines for crypto-asset service providers (CASPs), in conjunction with the recent anti-money laundering decisions of the EU Council and Parliament, pose significant challenges for CASPs. These regulations require CASPs to intensify their risk management processes in order to meet the increased requirements for anti-money laundering and the prevention of terrorist financing. The EBA guidelines emphasize the need for a comprehensive review and possible redesign of customer due diligence (CDD) processes, the introduction of advanced transaction monitoring systems and the increased consideration of risk factors specifically relevant to crypto-assets. The EBA identifies the following as specific risk factors, among others:

• Transactions, such as transfers to or from self-hosted addresses, decentralized platforms or transfers involving crypto-asset providers that are not authorized or regulated under the Regulation;
• products, such as those that increase anonymity or enable transfers to and from CASP and self-hosted and decentralized trading platforms
• the nature of the clients and their behavior, including instances where they provide inconsistent or false information or where their transaction volumes or patterns are not in line with what is expected of this type of client
• the clients' or beneficial owners' links to high-risk countries or transactions to/from countries associated with a high risk of money laundering and terrorist financing.

The recent decisions of the EU Council and Parliament also extend the list of obliged entities and introduce specific due diligence measures for transactions worth EUR 1,000 or more.

The directives thus place a particular emphasis on the identification of clients and the verification of their activities. CASPs must consider the type of customers, the type of products offered, the delivery channels and geographical aspects when monitoring business relationships and transactions. This is also likely to require the introduction of new technologies and analytics to effectively identify and report suspicious activity.

In addition, CASPs must be able to track and understand the origin and destination of crypto-asset transactions to minimize the risk of money laundering and terrorist financing. However, this will also mean that crypto service providers will need to enhance and update their monitoring and reporting systems to ensure compliance.

The combined effect of these regulations will require a significant expansion of monitoring and reporting obligations for CASPs, potentially leading to higher operational costs and posing challenges for smaller players in particular. This will require careful consideration of the benefits of increased safety and integrity against the potential negative impact on innovation and competitiveness.

The EU will probably not participate in the latest innovations with this law.

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The original was posted on /r/cryptocurrency by /u/kirtash93 on 2024-01-19 08:28:38+00:00.

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The original was posted on /r/cryptocurrency by /u/Dvine24hr on 2024-01-19 07:17:32+00:00.

Not allowed to post pictures on here for some reason but I found a wallet that was doing quite a few trades on a Solana alt coin. He would buy for 400 dollars then sell 2 seconds later for 410 dollars. Then a few minutes later buy for 350 dollars and sell for 358 2 seconds later. This went on for hours, this bot is literally printing money, what the hell even is this?

This also begs the question for me, how do humans even compete with this? Is trading without bots completely pointless and is your only option as a human to buy and hold? I've been able to make a bit of money trading already by just not getting greedy but this has left a sour taste in my mouth.

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The original was posted on /r/cryptocurrency by /u/FitScore3115 on 2024-01-19 04:46:33+00:00.

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The original was posted on /r/cryptocurrency by /u/wuodatienowrites on 2024-01-18 20:46:34+00:00.

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The original was posted on /r/cryptocurrency by /u/hudsoncider on 2024-01-18 17:47:43+00:00.

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The original was posted on /r/cryptocurrency by /u/kirtash93 on 2024-01-19 06:38:31+00:00.

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The original was posted on /r/cryptocurrency by /u/SpaceBrigadeVHS on 2024-01-19 05:22:00+00:00.

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The original was posted on /r/cryptocurrency by /u/SpaceBrigadeVHS on 2024-01-19 05:19:32+00:00.

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The original was posted on /r/cryptocurrency by /u/mnameschef on 2024-01-19 02:20:22+00:00.

Buying a small amount of crypto to help build more wealth is only the tip of the iceberg on my mind right now. But for context, I only really started saving for a down payment a few months ago. Have about $7600 CDN in savings earning 4% interest on wealthsimple. I've been paying attention to the markets and they seem to be doing decent so I'm considering buying some crypto to help grow savings just a little more quickly. With the halving coming soon, I think, like most people, the crypto markers will start taking off again. I was thinking about only putting $600 in so not anything substantial. Maybe 50% bitcoin and 50% top 10 alt coins. What's your opinion?

I'm also still worried about the economy, I'm not really expecting too soft of a landing. Probably a recession or even depression? Who really knows? It seems like most people are thinking the fed is going to cut rates within the next 6 months just as fast as they raised them. But I'm leaning towards another outcome. Seems like what people are expecting to happen, it never happens. What do you think might happen?

I've seen articles talking about how another black swan event is probable within the next year or two and this makes me fearful of investing in stocks/etfs/mutual funds. I also understand that time>timing in the market but I don't have a long time horizon.

I work at a financial planning business but they really only talk about what's happening right now and don't have many negative outcomes on their minds. People don't really want to hear negatives, especially when it comes to their hard earned money. I've considered booking myself an appointment but they are more traditional investors, mostly balanced funds and growth funds. I'm interested in precious metals and crypto. Not sure what they would think if I brought up non-traditional investments. Even though you know, gold/silver is probably one of the most traditional. They just don't deal with it often.

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The original was posted on /r/cryptocurrency by /u/UrAn8 on 2024-01-19 02:02:21+00:00.

I’m curious if this already exists.

Could only really work on a chain with tiny fees. Or maybe it makes the investment periodically to allow enough to accumulate so all your investments aren’t lost to fees.

Basically what the title says.

You buy coffee for 4.65. The wallet rounds up and puts 35 cents automatically into a crypto portfolio or some stupid high risk meme coin of your choice.

Basically it all goes to 0 and you couldn’t care less, or you some how manage to make 1000.

Maybe it links directly with Apple Pay so you don’t have to use something you aren’t already using although maybe there’s a security concern there.

Would be great if the wallet had pre-made portfolios from other people you can select so there’s a community component - would also significantly reduce the friction for new crypto people who couldn’t care less about creating their own portfolio and instead just pick one so their wallet can auto invest into it.

Is this already out there?

If not, why couldn’t it work?

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The original was posted on /r/cryptocurrency by /u/chintokkong on 2024-01-18 23:41:06+00:00.

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The original was posted on /r/cryptocurrency by /u/badfishbeefcake on 2024-01-18 20:20:54+00:00.

As explained in the title, I'm not a TA guy, and I know crypto is so volatile and macro has so much impact on what will happen. But something interesting happened here.

I traced those 3 supports line (i guess its called support, again im not a TA guy), back in late November, it's been almost 2 months. The only change I did is extending the line, but I never moved them.

It has been interesting to see in December candles hitting a support and always went back up.For the first time since I drew them, BTC hit the lower support line. The last support line that I have is at the bottom around $31000k.

P.S: I'm bullish on the crypto market.

EDIT: This is a 1 Day chart, so its about short term trend. (Im dumb, but I got that right....I think)

EDIT2: I ate all my crayola, even the non tasty one.

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The original was posted on /r/cryptocurrency by /u/Melodic_Oil_2486 on 2024-01-19 02:07:28+00:00.