Digital Assets just announced quarterly results. Obviously are good, as largely dependent from BTC price appreciation. Galaxy Digital, the crypto merchant bank headed by noted crypto evangelist Mike Novogratz, reported net income of $44.3 million in the third quarter of 2020, up from a loss of $68.2 million in the year-ago period. - Galaxy Digital's total assets eclipsed $536 million, nearly $225 million of which was in cryptocurrencies.
- Volume at subsidiary Galaxy Digital Trading (GDT) was up 75% year over year to a record $1.4 billion.
- Galaxy attributed the soaring trading volume to momentum in bitcoin (BTC, -0.98%) markets.
- GDT on Friday acquired crypto trading firms DrawBridge Lending and Blue Fire Capital for an undisclosed sum.
- GLXY was trading up 30 basis points around $5.37 CAD (US$4.08) on the Toronto Stock Exchange at press time.
What I liked reading this news is that our spreadsheet was actually very good at forecasting the total cryptocurrency held at the firm. Of course this is also worrying, as this also means they didn’t increase their net exposure during the bull run: some thing I have also expected, and that is worrying, as other firms have been significantly increasing their AUM (Grayscale) or directly held BTC (Square). Maybe we have a very simple answer to your question: every net exposure increase must be discussed, probably voted and availed. We could argue that this time they considered their exposure enough already (I don't see them behaving like traders, every time they work on their balance sheet they must follow strict procedures). Thanks for the update |
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BitMEX is now requiring KYC in order to trade. I don't really want to KYC if I don't have to, so now I'm looking for an alternative derivatives exchange that doesn't require KYC. The only thing I really need is to be able to long BTC with BTC, similar to BitMEX's XBTUSD contract. I haven't really been following exchanges recently, so the only one I'm familiar with is Binance. Their derivatives offerings look pretty decent, but each contract in the BTCUSD Perpetual market is worth 100 USD. I'd like to be able to trade (preferably) in 1 USD increments. I've done a bit of searching and found Deribit (which seems to be requiring KYC now?) and Bybit, which looks really similar to Binance. I'm not too sure how reputable those two are, but they seem fairly decent. Does anyone have recommendations for a good BitMEX alternative? Apart from those you have already mentioned, I wanted to advise you to have a look at https://sovryn.app/sovryn is in its very early days but it's made possible by a bunch of bitcoiners who are porting DeFi opportunities to bitcoin. You would look at the sovryn decentralized Margin Trading where you can create up to 5X long/short trades borrowing leverage from the lending pool. As I said, this is at the beginning but if it grows it could be the no-KYC product to go to. https://sovryn.app/blog/now-with-more-superpowers.html |
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Hey, let's be honest..... we all know the PayPal thing triggered this whole thing and from there on it is only the hype surrounding that and the FOMO that are driving the price up. Is there a problem with that... nah... that is how many other things work in the trading scene. You hear some big announcement on Social media or on the news and you rush to buy those shares or stocks. I can never understand why it only becomes an issue, when this happens with Bitcoin.... somehow the competitors think that Bitcoin should not have that affect on the traders... and that is absurd! Get over yourself and treat Bitcoin as any other Commodity out there... or Currency trade. (Forex)  BUT, if you want truly be honest, then zoom out. What triggered Bitcoin to start a path to price discovery from a few cents, to more than $10,000, and on it's why to 6 digits? That's not mere FOMO, or hype in my opinion. For once I agree and support your point of view. I am convinced, beyond any reasonable doubt, that we should never forget to view bitcoin from afar. Meaning that bitcoin must be recognized for ALL its properties. Institutional adoption, being the most discussed thing lately, is only a consequence of what bitcoin created over 11 years. Becoming an asset like bitcoin is not something that requires a few days. And, as I keep repeating, this is just the beginning. If bitcoin keeps working this way expect an increasing amount of money to be invested in it. |
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International games can be boring and we all know that but yesterday's Nations League was very entertaining! I watched Portugal France and I enjoyed it very much (I bet on France winning for the betnomi tournament). The French deserved to win: Griezmann was at his best, Kanté is such a powerful player and Rabiot let the Portuguese defense go mad. Today I have Italy Poland on the menu
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1. Azerbaijan - Montenegro 2
2. Germany - Ukraine 1
3. Portugal - France 2
4. Sweden - Croatia 1
5. Switzerland - Spain 2
6. Slovakia - Scotland 2
7. Bulgaria - Finland X
8. Turkey - Russia X
9. Wales - Ireland 1
10. Belgium - England 2
11. Czech Republic - Israel 1
12. Hungary - Serbia 1
13. Italy - Poland X
14. Romania - Norway 2
15. Slovenia - Kosovo X
Betnomi username: K102030
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He has forgotten one wee things - governments. They're the real big beasts in goldland and in no way will they switch to Bitcoin any time soon even if it's harmful not to.
"any time soon"---what's your timeline?  Saylor is seemingly fast becoming the Peter Schiff of Bitcoin. from the perspective of an outside observer, i have to think he increasingly comes off like a wingnut the more he talks. the world dropping gold? i'll believe that when i see it. this commonly promoted idea that bitcoin has to replace every asset in its path (whether fiat money, gold, etc) is not all that believable to me. he's getting kind of annoying too---he is obviously just pandering to the media because he realized the bitcoin angle got him a few headlines. if he's really so bullish on bitcoin then he should shut the hell up and keep buying, quietly. if i were a microstrategy shareholder, i'd be happy with his alternative investment strategy (i'm a bitcoin bull after all!) but i also wouldn't mind if he toned down his exuberant and almost obsessive attitude about bitcoin. nothing he says anymore has to do with microstrategy or what they do as a company. it's just been months of attention grabbing. if microstrategy wants to hold some bitcoins, i think that's great, but it's also just a software company. we don't need to know the CEO's every thought about price predictions, gold, blah blah blah. Ditto! There must be something more to it. I was happy at first but now I can't stand the guy. He's going too far and I agree with you when you say he should shut up and keep buying without going through every news outlet to share how big his missile is. |
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If you are in for some extra income while the pandemic crisis lasts and you have some time to spare on extra activities have a look at the following link: make money with a side gig and learn how long it will take to see the extra income. I believe most of you possibly know the majority of these activities  https://www.nerdwallet.com/blog/finance/how-to-make-money-at-home-and-online/ |
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Nigeria played one of the worst game ever today. It was a tough one though, but the come back was just not expected. After scoring 1st, 2nd, 3rd and 4th goal simultaneously, they had the favour returned in the same exact dose from Sierra Leone How reckless can a team be to allow this sort of come back, not even replying a single goal. The Nigerian team were just lucky not to have lost as the game ended in a Nigeria 4-4 Sierra Leone draw. Sierra Leone did a good job in not loosing faith after the first half scoreline as they pushed really hard in the second half to have that victory.
Yeah that's really bad, or maybe there's something suspicious? Because the ball possession in the first and second half was still won by Nigeria. But indeed, there were changes in the second half, at least Sierra Leone was more aggressive and could take advantage of opportunities well, as Sierra Leone won the goal attempts and shots on goal in the second half. Sierra Leone has not performed well before and in this match against the leaders of the table, Sierra Leone made a surprise or maybe Nigeria underestimated the opposing team because they had a big lead in the first half. An interesting debate between the two of you but you are in the wrong thread!  This is the UEFA Nations League thread. Back on topic, there's an intriguing situation in Group A2: given that Iceland is out and Denmark can go for an easy win, Belgium England will be a match to watch: bookmakers see Belgium winning at 2.40. |
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Ie, We measure network confidence by comparing the transaction fee with the average transaction fee and if the system determines the transaction will be confirmed, we will credit the user without waiting for the transaction confirmation.
Be careful with this, it's a double-edged sword. I wouldn't be going under that path if I was you. Better to consider halting users' withdrawals until they have more than 3 confirmations. You don't have to implement anything special and you are good to go. |
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I said it in a connected thread and I will say it here too. What if these pools are going to be subsidized by agencies, governments for doing this kind of work? They wouldn't mind mining at loss. Remember that Chainalysis started with a small government grant and look where it is now. I would not discard the news so easily.
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Interesting discussion here and it seems to me that what BlockSeer is trying to achieve is to push the boundaries as far as they possibly can. In other words, they're stretching their comfort zone to understand how far they can go with this KYC/censored mining pool. Whatever you think of it this is already an attack on the network. Some of you argued that due to the force of game theory and economic incentives miners will stay honest and avoid such pools which would be anti-economic. This doesn't eliminate the fact that these pools could be easily subsidized by agencies, governments for doing this work. There's more than meets the eye here.
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Well done Bob I am on the other side of the Moon, I need to wait way longer than you to even think about early retirement. Enjoy and don't indulge in beer too much!  |
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It looks like an interesting betting strategy but, as always, it's only about luck. It doesn't matter if you follow this strategy like it is, eventually, expect the unexpected. IMHO, 1.50 is way too risky for a single bet, worse if combined with two games.
I mean, one can try starting with a small amount but consistency and luck need to go hand in hand.
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Can I be a bit contrarian here? Why bother so much about the stock price while your best reserve asset keeps appreciating and basically multiply your earnings?
They won already by stockpiling bitcoin at lower prices, we can't assume a two-way correlation between the shares and the bitcoin price.
But I am open to being completely wrong on this.
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I remember similar discussions when exchanges around the globe started rolling out KYC/AML procedures. Most of the people here said, yeah no problem, we will keep on buying on localbitcoins and keep using no-kyc exchanges. Then we ended up having most of the trades/volumes on KYC exchanges.
All this to say that the menace is real and I agree with what Fluffypony wrote on Twitter: "It’s only a matter of time till most Bitcoin mining pools are forced to do this transaction filtering. Might be time to dust off p2pool + focus on Stratum v2 support for pools. Also worth noting that adding more privacy to Bitcoin would prevent this."
It's never too late, until it is.
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BlockSeer, a blockchain analytics firm, has launched a private beta version of the BlockSeer Mining Pool, a mining pool that censors certain transactions. And it’s not without controversy. While BlockSeer’s mining pool is still in its private beta, if this sparks a trend, it could make it very difficult for the regular user to use Bitcoin. Since transactions can’t be made without a miner choosing to put them in a block, Bitcoin miners and pools wield a lot of power. Critics argue this, if this became the norm, it could cause a problem for Bitcoin. More at https://decrypt.co/48025/bitcoin-mining-pool-that-censors-transactions-sparks-debateThis will turn bad. As Fluffypony put it "It’s only a matter of time till most Bitcoin mining pools are forced to do this transaction filtering. Might be time to dust off p2pool + focus on Stratum v2 support for pools. Also worth noting that adding more privacy to Bitcoin would prevent this." |
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Some of you were luckier than me I won less than 15000 sats and I simply don't bother to verify and try to reach the minimum withdrawal threshold. Thanks FJ and efialtis for the fun time anyway. |
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It seems to me that OP is either trying to find some easy shortcut to go to jail or he/she/they probably is/are a funny attempt of a three-letter agency to come here and fish somebody. Handle with care.
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Insider trading or not that's disgusting.
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