CryptoAddicted

2022-12-23 17:43:18 Russia is reportedly close to legalizing #bitcoin and crypto for foreign trade.

The discussions have lasted almost a year, and began after Western sanctions were deployed in the wake of the country’s invasion of Ukraine.

- (An update:)
Russia to legalise cryptocurrencies for foreign trade next month - State Duma Finance Committee

It’s happening… Open / Comment

2022-12-23 12:26:08 BREAKING: SBF released on $250M bail bond

"I only have 100K in my bank account"
Open / Comment

2022-12-22 21:20:06 BREAKING: Over 40 million Filipinos can now receive instant, zero-fee remittances in local currency from the EU and the UK through the #Bitcoin Lightning Network

Customers in the U.K. and Europe can now use CoinCorner’s Send Globally feature to send fiat to the Philippines after partnering with Pouch, a Lightning service provider based in the Southeast Asian country.

Send Globally utilizes the Lightning Network to convert one fiat currency into bitcoin, which is then sent over the Lightning Network to a receiving entity which converts the bitcoin into another fiat currency, effectively making global payments instant. Open / Comment

2022-12-22 17:05:01 BREAKING: Brazilian bill regulating use of #Bitcoin and crypto as payment becomes law

Brazilian President Jair Bolsonaro on Thursday morning signed a bill into law that establishes a complete regulatory framework for the trading and use of bitcoin in the country, according to the federal government’s official journal (DOU).

President Bolsonaro enacted the bill approved by Congress without any modifications. As previously reported, the new rules recognize bitcoin as a digital representation of value that can be used as a means of payment and as an investment asset in the South American nation.

It comes into effect in 180 days and could increase adoption in the country Open / Comment

2022-12-22 00:25:11 Hal Finney on the future of #Bitcoin exactly 12 years ago Open / Comment

2022-12-21 17:03:50 OFFICIAL: One of the largest #bitcoin miners in the US, Core Scientific, filed for bankruptcy this morning. Open / Comment

2022-12-21 15:11:42 Ethereum (ETH): Are There Reasons to Worry About its Next Update?

Soon after the arrival of the Merge, the cryptocurrency market is looking forward to the Shanghai update of #Ethereum.

Shanghai will bring fragmentation to increase network speed and reduce transfer rates.

If developments go well, Shanghai is likely to hit the main altcoin network in March 2023.

The massive sale that should occur with this update is the great fear of the crypto community.

Funds of those who staked #ETH at $610 will be released, so they might sell getting a 94% profit (Current ETH price: $1,187). Although, long-term investors should not make massive sales, since it’s very likely that ETH can hit 5k in the next bull run.

If a situation occurs where sales are made and the price of Ethereum falls, the altcoin becomes more attractive for staking. Rewards will increase, and the entry price to earn income from holding the altcoin will be lower, encouraging more investors to join the proof-of-stake network. Open / Comment

2022-12-21 00:05:09 • Bull-market major move broke down after 396 days.

• Bear-market running 404 days so far...

#Bitcoin  Open / Comment

2022-12-20 20:45:07 This video of cops in Nevada searching a suspect and finding a seed phrase is pretty wild. Imagine having your seed phrase become part of public record due to it being captured by an officer's body camera!

“I am a proponent of free choice. Feel free to hold your crypto anyway you wish. But learn the risks of each method. ” - Binance CEO (CZ) Open / Comment

2022-12-20 14:33:31 Visa dreams up plans to let you auto-pay bills from your crypto wallet

Self-custodial crypto wallets may one day be used to auto-pay recurring bills, such as a Netflix subscription or your water bills, according to the brains at Visa's crypto department. Open / Comment