Cryptocurrency News & Discussion
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Bitcoin captures 99% of new crypto investments, Ether outflow continues
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The original was posted on /r/cryptocurrency by /u/pbjclimbing on 2023-07-18 02:26:37+00:00.
- www.fxstreet.com Bitcoin price could display a fresh increase as Jim Cramer warns against investing in BTC
Bitcoin (BTC) price has been trading with a bullish bias, rising around 25% since mid-June. The king of crypto had been looking for a proper catalyst
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The original was posted on /r/cryptocurrency by /u/T2LV on 2023-07-18 02:22:01+00:00.
- www.techopedia.com The Ugly Side of Meme Coins: Experts' Advice to Avoid Scams
Recently, meme coins found themselves in an array of scams as well as pump and dump schemes. What should meme coin investors look out for?
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The original was posted on /r/cryptocurrency by /u/dAn_tHe_mAn7 on 2023-07-18 02:19:22+00:00.
- www.reuters.com Coinbase CEO to meet US House Democrats on Wednesday
Coinbase Chief Executive Brian Armstrong will meet privately with a group of U.S. House of Representatives Democrats on Wednesday morning and plans to make remarks on the future of digital asset legislation.
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The original was posted on /r/cryptocurrency by /u/dAn_tHe_mAn7 on 2023-07-18 02:01:54+00:00.
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Coinbase gave me free coins?
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The original was posted on /r/cryptocurrency by /u/0Adiemus0 on 2023-07-18 01:51:49+00:00. *** Hello all, so about two years ago, I bought a 38 coins worth about $1,100 when the coin was at about $30. I transferred the coins over to Coinbase pro, and then when I heard Coinbase pro was shutting down, I decided to transfer them back to Coinbase where the coins were now at a value of about $5.
And now, this is just where I noticed something off. It transferred my 38 coins just fine, with the value of the coins being about $200 now. But on top of that, about 5 minutes after the transfer, I get an extra 136 coins out of nowhere.
What are y'alls thoughts on this situation? Do I contact Coinbase or have a "boating accident"?
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Coinbase CEO to meet US House Democrats on Wednesday - Bloomberg News
www.channelnewsasia.com Coinbase CEO to meet US House Democrats on Wednesday:Coinbase Chief Executive Brian Armstrong will meet privately with a group of U.S. House of Representatives Democrats on Wednesday morning and plans to make remarks on the future of digital asset legislation.The meeting comes as Coinbase and Binance - two of the world's largest crypto exchanges - ar...
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The original was posted on /r/cryptocurrency by /u/chintokkong on 2023-07-18 01:11:43+00:00.
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Binance US Warning
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The original was posted on /r/cryptocurrency by /u/bsegelke on 2023-07-18 01:44:27+00:00. *** I’m sure most people are already aware, that Binance US has been absolutely burning to the ground, but I actually had not realized how bad it’s really getting. If you have any funds sitting on the side lines, get them out right now. On July 20th (3 days from now) Binance has announced they are converting all USD to USDT. Okay well so what, right? We love tether right? Wrong, as of right now and for the past few weeks now Tether has been completely depegged, struggling to stay above .80 (at the time of post it’s .74) this means that your USD is about to get hit with an automatic 25% loss if you forget to exchange it. To reiterate this is a Binance US, problem only. Thy have already announced they will halt withdrawals, and have halted deposits. This is really a last ditch effort for the people who have somehow been in the dark this whole time about the chaos that’s been going down with Binance Us. Get out while you can, and if you decide to leave your funds on their website, Godspeed.
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Remember that financial institutions like BlackRock are not our friends!
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The original was posted on /r/cryptocurrency by /u/deckartcain on 2023-07-18 00:56:29+00:00. *** These people have their hands in anything that can short humanity; for their profit. They're heavily invested in oil companies, arms companies, have lobbyed for making public pensions private to the detriment of pensioners.
Their plan to launch a Bitcoin ETF basically enables them to mint and trade "Bitcoin" not at all related to the actual amount of Bitcoins in rotation. This could potentially greatly inflate the amount of "Bitcoin" in rotation, and give them the upper hand when it comes to price development.
There was recently an employee (their head recruiter) getting exposed by an undercover journalist on video, that is worth watching:
<https://www.youtube.com/watch?v=vB95337GH4g>
In the interview the BlackRock employee admitted to having insight into the bank sector and large financial institutions controlling most aspects of government. Truly a horrifying insight into how these institutions wield unseen power.
These people do not share a vision of enriching the common man, or giving financial power to the masses as a lot of us do. Please keep that in mind, and let's all be a bit more skeptical.
I don't mean to imply that anyone holds warm opinions on BlackRock currently, but I do see a lot of "insitutions are taking us to the moon" and "they're going to pump our bags"-talk, and I'm just attempting to give another perspective, because they're most certainly not going to so, if they get their will. Most likely they will try and use their influence to make sure we gain as little as possible from this.
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Here’s why you should be Bullish on the cryptocurrency market now.
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The original was posted on /r/cryptocurrency by /u/GRQ77 on 2023-07-17 16:53:02+00:00. *** I asked a friend of mine why he has not been accumulating BTC, ETH and several promising crypto lately, and he said the market doesn’t seem bullish. I was bemused. What? This is as bullish as bullish can get.
I mean, BTC is 84%+ up in 6month from its last bottom. More impressively, it has closed above the stubborn $29,200 resistance on the monthly chart. Worst case, it retests 25k and we moon.
Let's even look broader at the economy, is it ripe for a bull market? What caused every stock and crypto to tank in the last few months? It was majorly inflation and the increase in fed interest rate. But have you looked at inflation data recently. Inflation is dropping at a steady rate.
Meanwhile, the fed interest rate hasn't stopped increasing. In my opinion, the fed will soon stop increasing rate or even start decreasing.
Also, one has to factor in the fact that bitcoin halving is just in April 2024.
To me, bar any disastrous event like Binance collapse or anything out of the ordinary, BTC has no reason to stop going up (with dips here and there of course). If you're not accumulating now, when exactly do you want to start accumulating??
- theblock.co Celsius moves $59.4 million in altcoins to potentially sell for BTC, ETH
The move marks the second time this month that Celsius seems to have prepared a large swathe of altcoins to be transferred into BTC and ETH.
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The original was posted on /r/cryptocurrency by /u/superduperdude92 on 2023-07-17 23:41:00+00:00.
- www.coindesk.com Despite BlackRock, Don’t Expect a Flood of Spot-Bitcoin ETFs Soon: Experts
BlackRock’s recent application to start a Bitcoin ETF has raised hopes that the SEC would soon approve an instrument seen as key to crypto’s growth. But a range of market watchers contacted by CoinDesk said several roadblocks still lie ahead.
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The original was posted on /r/cryptocurrency by /u/Throwaway4VPN on 2023-07-17 23:17:10+00:00.
- finance.yahoo.com Crypto is close to solving its biggest problem: Building something useful
The longtime promise that layer-2s will make Ethereum much cheaper and easier to use may finally be coming true.
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The original was posted on /r/cryptocurrency by /u/SmallReflection2552 on 2023-07-17 21:42:21+00:00.
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How to gain during crypto market downtrends with trading bots
cointelegraph.com How to gain during crypto market downtrends with trading bots?Bearish trends don’t have to be depressing. With short strategies, traders can target profits during downtrends
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The original was posted on /r/cryptocurrency by /u/89time on 2023-07-17 21:56:44+00:00.
- www.coindesk.com Binance Ends Argentina’s Soccer Association Partnership Citing Lack of Compliance
Binance had signed a five-year contract with the Argentine soccer team, the reigning world champion.
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The original was posted on /r/cryptocurrency by /u/Odlavso on 2023-07-17 21:07:21+00:00.
- www.rollingstone.com CIA Agents Begged Ben McKenzie, of All People, to Explain Crypto to Them
In an excerpt from his new book ‘Easy Money,’ the ‘O.C.’ and ‘Gotham’ actor takes us on a journey into the wild world of crypto journalism
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The original was posted on /r/cryptocurrency by /u/ThiccMangoMon on 2023-07-17 18:56:18+00:00.
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Why VeChain (VET) and Logistic Cryptos Likely Won't Succeed
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The original was posted on /r/cryptocurrency by /u/pbjclimbing on 2023-07-17 18:19:07+00:00. *** Tracking logistics through blockchain technology seems like a no-brainer use, and logistic blockchains should be a sure bet to succeed. Part of this is correct, logistics and blockchains make sense. Public logistic blockchains succeeding, on the other hand might not succeed on a large scale.
Private Logistic Blockchains ============================
Private logistic blockchains, on the other hand, are doing quite well. Many companies have realized that they don't want their logistic information for all to see on a public blockchain, and they are not worried about decentralization, a main advantage of a public blockchain.
IBM
IBM is one of the leaders in private blockchain solutions. They have several products ranging from a global logistics blockchain collaboration with Maersk that has over 100 companies involved to their Food Trust program, which focuses specifically on the food supply chain.
Amazon Managed Blockchain
Amazon has its own logistics blockchain, Track and Trace, with one of the major customers being Nestle. They have products designed for mining, pharmaceuticals, agriculture, and manufacturing.
Blockchain in Trucking Alliance
A group of many companies including FedEx and UPS to create blockchain standards and interoperability among the blockchain shipping solutions. A major goal is to provide interoperability with existing technology. There are blockchain members of this group too. UPS has patented its own blockchain technology and FedEx has started a blockchain pilot program.
Walmart
Yes, Walmart in China has a pilot with VET in China, but they have chosen to go in another direction for other blockchain solutions. Walmart Canada is using an in-house blockchain for shipping invoices and reconciliation. Walmart used Hyperledger Fabric to build a food traceability system that is being used in the US.
De Beers
De Beers developed and uses Tracr, a logistic blockchain, to track the origins and authenticity of its diamonds.
DHL
DHL uses different blockchain tech for different uses. They partnered with Accenture to build a pharmaceutical tracking blockchain. They are also working IBM and incorporating AI into their logistic blockchain.
Private vs Public Logistic Blockchain =====================================
There is some room for public logistic blockchains, but many large companies are choosing to go the private blockchain route. Smaller companies that do not want to run their own blockchain or use the blockchain used by their shipping partners could make inroads into the public blockchain sector.
VET and OriginTrail among others might succeed, but logistics make so much sense for blockchain technology that companies are developing their own.