Crypto Ocean

2023-08-31 20:11:41 Most Popular Cryptocurrencies on Social Networks

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2023-08-31 19:03:02 Degen

“Degen” is an abbreviation for the word degenerate. This is what investors with an extremely risky approach to investments call themselves, such as buying Bitcoin, trading with large leverage, investing in high-risk projects, or combining all of the above.

In short, don’t become degens — we don’t recommend it

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2023-08-30 19:33:27 BREAKING: Grayscale wins its lawsuit against the SEC.

A DC Court of Appeals has granted Grayscale’s petition for review to convert its GBTC Trust into a Bitcoin Spot ETF and has ordered the SEC order to be vacated.

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2023-08-30 16:18:27 Crypto speak: Smol brain/Smooth brain

Remember “gigachad?” Well, “smol brain” or “smooth brain” is the opposite of “gigabrain” and refers to a person who is considered uneducated or ignorant of something that is considered common knowledge.

It’s also someone who makes “childish” mistakes in the crypto space and doesn’t have the most basic knowledge.

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2023-08-29 19:33:27 NEW: Hong Kong-based HashKey, the first CEX with regulatory clearance, officially starts Bitcoin retail trading today

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2023-08-29 16:48:26 South Korea confiscates cryptocurrency from citizens who evade taxes.

Crypto will be seized from citizens who owe more than 1 million Korean won ($750) in taxes.

Authorities in the city of Cheongju in South Korea have required seven crypto exchanges, including Upbit and Bithumb, to provide data on more than 8,500 customers to pay off debts through direct write-offs of cryptocurrency from their accounts, a local publication reported.

For example, in 2022, 17 people had their cryptocurrency confiscated for a total of 68 million won (over $50,000).

Amazingly effective practice However, we would like to remind our readers that such a mechanism of “seizure” is possible only on centralized platforms—it’s impossible to seize crypto from a noncustodial crypto wallet.

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2023-08-28 19:48:24 Who is Satoshi Nakomoto?

We’ve written about how the identity of Bitcoin’s creator, Satoshi Nakomoto, is—to this day—still a mystery.

It is believed that it could just as easily be a person of any gender and background or perhaps even a whole group of developers who wished to remain anonymous.

However, there are a few popular (and more or less realistic versions) theories in the crypto community as to who could really be behind the birth of the first cryptocurrency.

Version 1: Hal Finney

Hal Finney is the cryptographer whose address received the first Bitcoin transaction sent on January 12, 2009. Finney himself did communicate with Satoshi Nakamoto and supported their plans for Bitcoin—and even published their correspondence (though he could have easily faked it to confuse people).

But there’s a chance—albeit a slim one—that one day, he might still be able to tell us the truth! The thing is, sadly, Finney passed away, yet he wasn’t buried in the traditional way—his body was cryopreserved.

Version 2: Nick Szabo

Nick Szabo is an American cryptographic scientist who back in 1998 created the first concept of digital currency, calling it Bit Gold. He is also the author of the concept of digital contracts; however, there is no evidence that Nick is behind the pseudonymous Satoshi Nakamoto.

Version 3: Craig Steven Wright

On May 2, 2016, he claimed to be the creator of Bitcoin. Wright provided digital signatures created using cryptographic keys relating to the first Bitcoin transaction.

However, the proof turned out to be fake because what he described in his blog can be repeated by anyone using publicly available data from the Bitcoin blockchain.

There is also an assumption that under the guise of Satoshi is a team of three people: Finney, Szabo, and Adam Back, a British cryptographer and cypherpunk.

Despite these individuals receiving lots of attention from crypto sleuths and enthusiasts from around the world, there is still no conclusive evidence of who is Satoshi Nakomoto.

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2023-08-27 19:17:23 More than 40% of all BTC hasn't moved in more than three years

According to Galaxy Research, investors are cold-bloodedly waiting out the current bear market and are in no hurry to close positions at a loss.

At the moment, more than 40% of the total cryptocurrency supply, has been sitting unmoved for more than three years. Many of these coins may be lost forever.

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2023-08-27 16:33:23 Bitcoin velocity is at a 3-year low.

There are two sides to this situation. It can be seen as positive since whales are holding onto it, or negative since it's not being transferred to new investors.

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2023-08-26 19:01:58 How to lose $3m on Dogecoin?

A user shared that he bought $250,000 worth of Dogecoin after spending all of his savings.

In May 2021, his portfolio was worth $3 million, but Glauber Contessoto decided not to sell the meme token and wait some more.

Now the value of his coins is only $50,000.

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