Crypto | Bitcoin | Ethereum | Altcoin | News

2023-06-28 15:13:08 MicroStrategy has acquired an additional 12,333 BTC for ~$347.0 million at an average price of $28,136 per #bitcoin

Source

@Cryptocurrency_Inside Open / Comment

2023-06-28 14:35:19 Crypto exchange KuCoin is introducing mandatory KYC for all users.

Crypto exchange KuCoin is stepping up its compliance game! From July 15, all users will need to complete KYC procedures to fully utilize its services. This move comes amid increased regulatory scrutiny.

@Cryptocurrency_Inside Open / Comment

2023-06-28 10:27:00 Eight financial institutions with an interest in BTC and other cryptocurrencies have more than $27 trillion in assets under management.

For comparison, the total capitalization of all cryptocurrencies (26,000 projects) today is $1.179 trillion.

@Cryptocurrency_Inside Open / Comment

2023-06-27 23:52:40 In Luxembourg, #bitcoin held for over a year will be taxed at 48.78%

In their neighboring Germany, #bitcoin held for over a year is taxed at 0%

Crazy times we're living in.

@Cryptocurrency_Inside Open / Comment

2023-06-09 20:32:24 The market wants to eat you all up...
ㅤ
The U.S. debt ceiling has been successfully raised until January 2025. Which means the DOF is turning on the pump that will suck liquidity out of the financial system.

The way it works is this:
Raising government debt = printing more bonds. Money from other markets will flow there, because U.S. bonds are the safest asset to save capital when things start to go awry in the world, hehe.

Last December 2021 national debt hike led to a collapse in the markets. Yes, the market was rising then, inflation, etc., but the principle is exactly the same. Plus the Fed keeps clearing the balance sheet and rates are high. That is, there is no positive right now except rising unemployment.

But it used to be so good (it wasn't).
The hamster thoughts that raising the ceiling, would lead to the legalization of crypto in Hong Kong - didn't come true. There has been no reaction.

What to do?
If you already have assets - don't sweat it, keep them for the long term. If you don't, buy only the fundamental mints. Also advise to do retrodrops while you have time and commission price is down to 20 gwei.

Gary Gensler has started to play his game seriously. This could be a narrative for a reversal. But as long as no one is scared of us yet, we need something more powerful than this circus :)

Do you think we'll see Bitcoin at $20,000 in the next month?

- No
- Yes

Cryptocurrency Inside | Telegram | Chat | Partner Open / Comment

2023-06-09 16:37:23 List of Cryptocurrencies Considered as Securities by SEC

The number of cryptocurrencies labeled as securities by the U.S. SEC has risen to around 55 (excluding 13 tokenized stocks), following the inclusion of additional ones in the Binance and Coinbase lawsuit.

As a result of this accusation, these cryptos were delisted from some US crypto exchanges that led to significant price losses

@Cryptocurrency_Inside Open / Comment

2023-06-09 16:20:29 FTX 2.0 coming.

Leaked document reveals FTX's plans to formally market offshore exchange in Q3/Q4.

Do you trust FTX?

YES -
NO -

@Cryptocurrency_Inside Open / Comment

2023-06-09 09:20:45 What is ERC-4337 account abstraction and what is it for
⠀
It was always thought that the guarantor of the safety of your assets was the seed phrase, which had to be kept in a safe place.

But a new solution has already been invented - abstraction of accounts (ERC-4337), which will give you the opportunity to no longer think about losing and not finding your paper with 12 words.

ERC-4337 is a new Ethereum standard that creates abstract accounts. This means that your wallet becomes a smart wallet in which you can conduct transactions through a single mechanism to accept them. An added bonus is that paying for gas will be possible with any ERC-20 token, and services that use it will be able to transfer gas payments in fiat through a smart contract.

Seed-phrase can now be recovered through previously specified custodian contracts. In addition, smart accounts can consolidate all transactions and thus significantly reduce gas payments.

It would seem that everything is super, but there is a nuance - to bring all this to life requires an extensive infrastructure. More precisely the nodes that will bundle transactions into packages, thereby reducing the high gas fee.

If the developers find this solution, then in the near future the ERC-4337 standard could become a major aspect of mass adopting, as economy and ease of use have always been in high esteem among cryptos. Waiting...

Have you ever lost your seed phrase?

- Yes
- No

Cryptocurrency Inside | Telegram | Chat | Partner Open / Comment

2023-06-08 21:08:42 Cathie Wood tells Bloomberg she's still confident in Bitcoin hitting $1,000,000 by 2030.

"The more uncertainty and volatility there is in the global economy, the more our confidence increases in Bitcoin."

@Cryptocurrency_Inside Open / Comment

2023-06-08 19:46:45 Why crypto?

Crypto offers:
Clear and open rules for everyone
Free access to the financial system for everyone

Fiat currencies like dollars and euros and all that are managed by Central Banks with unclear and non-transparent rules.
Whose interests are they serving?

In recent years, an unprecented amount of money was printed. And they might start the printing again.

Nowadays, you need to make 15% more every year to outrun the money printing press.
But that's only possible for the rich, while average folks in traditional markets don't have that chance (unless they get lucky).

Bitcoin, as the most popular and largest (for now) crypto, solves this issue.
It has a max supply of 21 million, which is part of its protocol – no more Bitcoin after that.
Sure, it can be changed, but it's a super complicated, and transparent process that needs approval of loads of participants.

Even better, crypto allows anyone anywhere to access the financial system for free. It also cuts out middlemen, giving people the maximum profit.

@Cryptocurrency_Inside Open / Comment