Cryptocurrency Contents Archive

Bitcoin is a bubble with 'no inherent value and is terribly overpriced,' top economist Steve Hanke says

"The Internet of Money [Bitcoin] should not cost 5 cents a transaction, it's kind of absurd" - Vitalik 2017

~80 days to halving and Litecoin(LTC) is on fire today 🔥 +6%

New Collectible Avatars are ready to claim

For real this time. The apology avatars from Reddit are out - don't wait for DM's, Click this link - https://reddit.com/avatar/claim If you entered the shop the same day Gen 3 released, then you're elegible to get one of the 4 free Collectible Avatars. This is an apology for the mess that was the Gen 3 launch where bots got the best collectibles before anyone barely got the chance to buy them, and also for the shop going down for hours after minutes of going online. Strangely enough, they started to mint from No. 2601 onwards. Who knows if that was a mistake or completely intentional.

Proof of work matters. #Bitcoin

What are your "I got in early thanks to lurking on this sub" stories?

This crab/bear market is getting boring, and I think it's about time we lift our collective spirits through reminding ourselves of better times. Most of us were no doubt too late on the recent shitcoin pumps to make ridiculous gains. However, got me thinking, some of you must have got in early on some projects thanks to hearing whispers/rumours on this sub? If yes, what's the story? What managed to get your attention? We're you looking for something specific, or just right comment at the right time? And if you did experience ridiculous gains, what happened? Managed to DCA out, or held on too long back to where you started (or, as is is r/cc tradition, ended up selling low)? Bracing myself for a lot of "buy the rumour, sell the news" stories.

But #Bitcoin is fake, they say 🤡

The ten days that the SEC had to respond to Coinbase are up.

Has anyone heard about what happened here? I can't find any articles on whether or not the SEC responded or not. In case you missed it: The U.S. Court of Appeals for the Third Circuit responded to the complaint against the U.S. Securities and Exchange Commission (SEC) regarding the need for clear regulations for trading digital assets, according to a May 4 release from Coinbase chief legal officer Paul Grewal. Grewal claims that the court issued a text-only order in response to their lawsuit about the SEC. The SEC has been given 10 days to respond to Coinbase's writ of mandamus by the court. A writ of mandamus is a court order directing a subordinate government official to carry out their duty properly. Grewal reported that Coinbase has been given permission by the court to respond to the SEC's answer within seven days after the filing.

Legendary investor Paul Tudor Jones: #Bitcoin "is the only thing that humans can't adjust the supply" "I'm sticking with it" 🙌

Turkey Turns to Crypto Amid High Inflation and Political Instability

North Korean hackers stole $721 million in cryptocurrency from Japan - Nikkei

SEC Commissioner Issues Warning, Says US About To Fall Behind Europe and UK in Crypto Industry

Why keeping money in a wallet is infinitely better than keeping cash out of banks

I hate to be one of these posts that talks about something so plainly obvious but one of the dumbest criticisms I have seen of crypto is the notion that keeping crypto out of exchanges isnt any better than keeping cash out of banks. First of all, exchanges are not the same as banks. Crypto isn't as regulated as banks and is therefore much riskier to keep crypto on an exchange, even the big ones, as we've seen with FTX. Second, your ability to send/receive money, stake, make transactions **is not** enhanced at all by a crypto bank/exchange whereas you can argue that banks give you more utility with your money. The only reasonable reason to ever keep money on an exchange is because of gas fees, and this is a problem I hope the industry can resolve without the use of centralized services.

Bitcoin offers 'good signs' as analysts retain $40K BTC price target

No yield is high enough to give up self-custody of your #Bitcoin(key).