US Judge has just ruled in the LBRY case that LBC token is a security. SEC has won and LBRY has lost. This is a dark day for US crypto
District Judge just ruled that the LBC token is a security and not a utility token. LBC was one of the earliest tokens in the market, it was a POW mining token that had utility in the LBRY ecosystem. In ruling it to not be a utility token but a security, this will threaten every other coin or token. LBRY had intended to grow the value of LBC token by building utility into the LBRY network. However this was judged to be a security offering. If this is the standard, then virtually every other token is also a security. These are the statements from LBRY's founder: > The SEC vs LBRY case establishes a precedent that threatens the entire US cryptocurrency industry. > Under this standard, almost every cryptocurrency, including Ethereum and Doge, are securities. > The future of crypto now rests with an org worse than the SEC: the US Congress Link to the court order - https://odysee.com/@lbry:3f/secvslbrysummaryjudgementruling:a
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FTX CEO Sam Bankman-Fried Denies Insolvency Rumors as Binance Liquidates FTT Token
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What airdrops are worth it?
These days it's airdrop overkill. Frankly I'm not going to spend gas on collecting a few $ worth of some token that will get dumped immediately (Looking at BOBA and OP). Currently there's a lot going on with ATOM (and OSMO). When it comes to interesting tech and potentially viable projects, I'm looking at ZK synch, Layer Zero, Maxx Finance and SUI. I missed APTOS and not gonna bother jumping through hoops to get another potential airdrop from them. What airdrops are you looking at and what's the best strategy to position yourself? Thanks!
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Remember when a news like this would cause a minimum 5-10% drop. BTC has come a long way.
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Altcoins waiting to see what Bitcoin will do next
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Spread me some FUD before I die
There's been so many hopium threads. I'm on the brink of dying to an overdose. I've read threads with a lot of hope and optimism. Don't get me wrong. I too like to dream and fantasize about what color car I'll buy when I miraculously get rich. But we all know that the likelyhood of this happening is next to nothing. Some have promised at least 3$ a moon, others say that moons are the BTC of RPCs and promise 300$ a moon. People are crazy with hope and before I quit my job I need some FUD to come back to earth. So boys, fud me please, hurt my hopes and dreams the best you can.
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every. freaking. day.
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The DCA everyone talks about
This whale (currently number #50) has been buying bitcoin every damn day since August 2021. Almost the same amount \~30 BTC daily on average. He's gone from being Whale number #805 to whale #50. He doesn't care inflation is high, doesn't care about rising interest rates, doesn't care about the war... He did not miss a single f\*\* day. If you want to see it, just google the following address (recommend opening the second link which will be by bitinfocharts, since it's a nicer view) : bc1qw0pswznckx7s6tjmd2f5hrx4q6kc5nyrdxku50 [https://bitinfocharts.com/bitcoin/address/bc1qw0pswznckx7s6tjmd2f5hrx4q6kc5nyrdxku50-full](https://bitinfocharts.com/bitcoin/address/bc1qw0pswznckx7s6tjmd2f5hrx4q6kc5nyrdxku50-full)
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Serious: Is this the beginning of a recession?
This may not be a post about crypto directly, however it does impact us through the general economy. Don't know if you have noticed, but most politicians, media outlets do not call this a recession due to the number of jobs available right now, as they decided to change its definition, even though the inflation is sky high. It may have passed you by, but there have been massive layoffs lately by big tech companies: https://www.google.com/amp/s/amp.cnn.com/cnn/2022/11/07/investing/premarket-stocks-trading/index.html Would this be the start of the official recession as the FED likes to define it now? Not implying that we weren't in a recession before, but on a macro level, these massive layoffs may have a big impact on the economy and may be a preview of what is to come. Please be civil.
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In 2011, user Casascius minted 11,000 btc in tamper-evident, physical coins and bars. There are only 2 bars in the world left unopened.
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Dutch queen gives a thumbs up to the Digital Euro, says it will promote financial inclusion
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What is simple and straightforward DCA out strategy for beginners?
Coming to the end of my first year in the casino and it dawned on me that I literally have no real clue how I'm going to tackle the eventual bull and (hopefully) gain some profits. I have a decent portfolio, maybe a little diverse but I've averaged-down through the bear so far and feel confident the majority of them will sale past my current prices. But how do I go about selling when the time comes? How do I keep myself grounded to avoid emotional decisions and FOMO? What can I use to ensure I don't miss the boat(s) altogether? If anyone has already lived through a cycle and has a successful profit-taking story or strategy I'd love to hear it. I just want to get at least a rough plan down initially that I can maybe tweak later. Currently I have nothing so anything is better than that :) Thanks in advance.
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The Feds are outside your door...
One large bang, two... One more and the door is down. You have seconds to hide your hardware wallet that provides access to the billions of "lost" Bitcoin. The boating accident excuse never worked. The popcorn tin is already being used to hide the keys to your Reddit avatar stash - too many eggs in one basket - you must find another location. You aren't a professional chess player, so you can't quite cheat the law and get away with sticking it up where the sun doesn't shine... Your eyes scan the room, and there it is... The perfect location... Where do you hide the assets?
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Crypto no longer among top 10 potential risks according to US central bank
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US authorities seize $3.36 billion in bitcoin from decade-old Silk Road hack
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