They stated it’s because their system wasn’t set up for fees over 500sats/byte. Earlier when they halted withdraws the fees were high but not this high. They are probably recoding their withdraw system and I’ll be back up in a few hours. If you are worried just withdraw another coin such as a stablecoin.
These fees are crazy. Reminds me of the BCH and Roger Ver days of 2017 when they were spamming the network and we had to pay huge fees for a simple transaction. Hopefully this doesn’t go on for long.
They might only be using that as an excuse. The exchange had a quick outflow of 175,000 bitcoins. I speculate the real reason was really because they needed some time to replenish their hot wallet. However, I am always skeptical, so you might be correct hehehe. The important thing, they were not hacked and they are not insolvent. |
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This was shared by @Wublockchain's account on Twitter. It claims of a double spend. Is this fud? According to ForkMonitor, a chain fork with a length of 2 occurred at block height 788686 of the Bitcoin network. In the longest chain, 13 transactions involving nearly 10 BTC have been double spent.
https://forkmonitor.info/stale/788686Source https://twitter.com/wublockchain/status/1655457267159027713In any case, how can we verify if there was really a double spend here? Everything looks okay in mempool.space block explorer and cryptonews media has not reported anything. Did @Wublockchain mean would have been nearly double spent instead of have been double spent? It appears someone wants bitcoin to dump. The skeptical me thinks this person behind the @Wublockchain account might be short selling hehehehe. |
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@joniboini. The frontend might need to use IPFS, however, anyone can use Tornado Cash by interacting manually through the smart contracts in etherscan.io. I reckon not much people might have recognized how incredibly powerful this software is. The American government scantioned it, the first time a government sanctioned software hehe. But what can they do to take it down? They cannot do anything except monitor, I reckon.
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There might be something more behind Binance's pauses on withdrawals. According to some people in social media, the exchange recently experienced the largest net outflow of bitcoin. More than 175,000 bitcoins were withdrawn. I checked this in cryptoquant.com and it appears to be true. Anyone can open a free account and confirm for yourselves.  Binance briefly paused bitcoin withdrawals for around two hours Sunday afternoon U.S. time as the number of unconfirmed transactions hit a record high.
It is not yet known when Binance will resume withdrawals after the second pause.Read in full https://www.coindesk.com/business/2023/05/08/binance-pauses-bitcoin-withdrawals-for-the-second-time-in-24-hours/ |
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News update. The department of justice in America is opening another investigation that will be happening together with the existing one. This new investigation will be on allegations that Binance has been allowing Russian citizens to use the exchange in the middle of sanctions. The basis for this allegation? A Russian cryptonews media website hehehehehe. Is there anyone from Russia who can confirm if Binance allows people under your jurisdiction to deposit and withdraw from the exchange?  The U.S. Department of Justice (DOJ) is trying to establish if Binance Holdings, the operator of the world’s largest crypto exchange, has been used to allow Russians to evade Western sanctions, Bloomberg revealed, quoting multiple sources familiar with the matter.
The news comes after Russian crypto media reports in late April suggested that Binance has quietly lifted some restrictions on Russian users. According to the information published by different news outlets, Russians can again use their bank cards to make deposits and the trading platform has canceled a limit on their balances introduced in compliance with EU sanctions.Source https://news.bitcoin.com/binance-reportedly-investigated-in-us-for-russia-sanctions-violations/ |
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I shake my head in skepticism on this. Are they making it appear that there is something broken in bitcoin? What is their motivation for this? Despite the high transaction fees, there is nothing broken. I reckon Binance wants their users to bridge their BTC to WBTC in the Binance smartchain. I would not be shocked if this is the reason hehehehe. |
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It appears that the predictions and speculations of some of the members of bitcointalk about Ordinals have become another big storyline or has it presently become our reality? This will certainly open a strong argument to adopt simple altcoins without smart contracts and Ordinals type capabilities.  The Bitcoin quadrant of Crypto Twitter was abuzz with concern on Sunday, as some users saw high transaction fees and a congested backlog of transactions as an attack on Bitcoin.
There are currently over 469,000 transactions waiting to be confirmed in Bitcoin’s mempool as of this writing, according to mempool.space. Before transactions are added to Bitcoin’s blockchain, transactions are sent to the network’s mempool, where they wait to be selected by a Bitcoin miner and inserted into Bitcoin’s next block.
The two metrics suggested that Bitcoin’s network was especially clogged, but some thought it was the product of nefarious behavior, aimed at cutting off those that couldn’t handle the uptick in transaction fees.
Still, others attributed the uptick in transaction fees and Bitcoin’s sizable backlog to Ordinals, a protocol used for minting NFT-like assets on Bitcoin. Called inscriptions, the total number of Bitcoin-based digital assets cruised past 4.3 million on Sunday, according to a Dune dashboard. Just last week, inscriptions totaled 2.5 million, based on Decrypt coverage.Source https://decrypt.co/139259/bitcoin-ddos-ordinals-inscriptions-attackSource where everyone can see the volume of ordinals marketplaces. https://dune.com/domo/ordinals-marketplaces |
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@Abiky. Similar to the news article that I have shared before, president Xi Jinping wants China to be the leader in both information and blockchain technology. We can be quite certain that they have a roadmap for this going to 2030 already. It is not only adoption where America is losing. America is also losing their blockchain developers to other more welcome jurisdictions hehe. The U.S. is losing its lead in blockchain developers
Crypto and blockchain technologies are the next wave of the Internet, with the potential to fundamentally change money, the financial system, and the Internet more broadly. That the U.S. is losing market share in blockchain software development highlights the need for the country to take action to preserve its preeminence in financial markets and related technologies.Source https://www.developerreport.com/developer-report-geography |
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@joniboini. I cannot be certain if their mixing process is reliable because I never used Tornado Cash and even if I used it, I would never tell anyone that I have used Tornado Cash or any mixer hehehehe.
In any case, many people used it before the sanction. One of them is Sifu who is a famous scammer. His tokens were never traced after it went through the mixer. Also, Tornado is still very much alive in Binance smartchain.
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That's what these meme coins are for and I guess after this crazy hype that PEPE is building, all of the profits of everyone who's wise enough will put it eventually to Bitcoin as they know that it's the best place to put it before the halving comes.
I very much agree on this prediction and I reckon we can certainly also say that much of these memecoin profits will also go to Ethereum, Binance smartchain and the other bluechip tokens, where they will be safer from the big dump of Pepe hehehehehe. This is why I am with team up. Everyone will be in shock on what is going to happen in the cryptospace market in these next months. |
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That fight was really a disappointment, or at least that's what I felt because I did expected a better performance by Ryan Garcia and that he will be wiser on that fight because he already knew how wise Davis is inside the ring and how vast his IQ when it comes to what's needed to be done. But that specific bar that I set for Ryan may have been too high for him even if that is somehow achievable for a fight like that.
Well, hopefully he will indeed learn from his mistakes and enough about that because I'm already thrilled to see Loma fighting for the Devin Haney's throne. Just a few more days folks.
For me I see Ryan Garcia is still learning a lot and even though they have closer ages, Gervonta Davis is 28 years old while Ryan Garcia is just 24, you can see the age gap between the two, both fighters can still learn, and progress on their speed, strength, technique, skill, and fight IQ so make no mistake Ryan Garcia will be better with this fight experience and you will never know he will be accustomed to the style of Gervonta Davis and he will be ready beating him,
And since it was reported that Ryan Garcia chooses to separate with Goosen as his trainer, (he is also a no show if I'm remember correctly) then maybe when Ryan's contract with GBP is up, he might have to look for another boxing promotions I reckon.
I do agree that it was very unprofessional for them to be absent in the post fight press conference. Regardless, they know that they have to cover Ryan's back whether he win or lose that fight. Of course, not just Oscar but those who back up Ryan in this big fight is frustrated because we thought that he still has something inside of him to at least give us a good fight. But Davis is just to good, power and has a good defense to protect himself against Ryan's left hook.
Well, I really don't know what is the real reason behind Joe Goosen and Ryan Garcia parting ways, but as for Garcia he said that they have no Bitter qualms and that they part ways on good terms, but many are speculating that it is because of Oscar De La Hoya and Bernard Hopkins not attending Garcia's fight because of their own reason which is they have talked about that Oscar De La Hoya is receiving death threats so he doesn't push on with the fight, While Joe Goosen is still expecting an extension for the partnership but it was to no avail that Garcia really like to have a new training well if a boxer doesn't like the situation anymore I think it is all because of the lost or the wrong decision as a trainer, I reckon Joe Goosen was not a very good trainer and not a very good advicer for the young fighter that he was supposed to mentor. I am quite certain that it is Ryan Garcia and his management team that decide if they accept a fight or not, however, the trainer should also be part of decision making or he leaves the team. Ryan should have been advised not to accept the 10 pound rehydration clause fight day weight check. This very much weakened Ryan and we did not see the real boxer go in the ring. Everyone in the camp made a mistake by accepting that fight and that is a fact, even Ryan Garcia himself have his own share of mistake because he's the one who is fighting and not the people around him. He should be wiser to know which is better for him and not take the bait just because the hype is already strong enough, and Oscar Dela Hoya, he surely know more than anyone around their camp that it's not good for Ryan to accept that rehydration clause, but they accepted it anyway. Now everyone inside the camp is blaming everybody and it is hot mess, and personally, I don't really think that Goosen was fired, he was the one who left and not the other way around. In any case, Ryan should go to Fredde Roach or go back to Eddie Reynoso or ask advice from Reynoso on who might be the best person to train him. That's a tough one to do after everything what happened, and if Ryan Garcia will do that, he will be laughing stock for running back at them. It was only a mistake because Ryan Garcia accepted the rehydration clause. I am not saying it was wrong based on the outcome of the fight. Ryan agreed to give Tank one of his advantages which was the weight advantage. If he was allowed to be of any weight he can be for the fight, his punches would have been more threatening and it might force Tank to be more defensive which would work for the favor of Ryan. Ryan will be a laughing stock? I disagree. There might be some fans who might laugh at him, however. Now looking for a new coach, Garcia is considering a collaboration with his former mentor.
Garcia and Reynoso will meet to discuss a possible reunion shortly after Alvarez fights John Ryder on Saturday in Mexico, a source with direct knowledge of the agreed-upon meeting told BoxingScene.com.Source https://www.boxingscene.com/ryan-garcia-considering-reynoso-reunion-canelo-says-eddy-needs-evaluate-lot-things--174361 |
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I reckon you do not understand how this works. The smart contracts are immutable and cannot be censored, only the frontend is censored. Anyone can still connect and mix their coins with the smart contract directly. I didn’t said that smart contract is fake. What I’m telling in my post was the original tornado.cash brand is long gone since the dev is already on the jail. The project is being taken care of by someone and this was being watched by government. I don’t know if using the current service is worth the risk knowing how this project was already under the watch of the government. Using the frontend will certainly be a risk, however, I am not very sure if using Tornado Cash by connecting directly to the smart contracts is safe or not after the sanctions by the American government. There were some news articles that reported some hackers continue to use it. It might be safe but will you take the risk? Clearly we would not hehehe. |
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> doesn't understand how system works > tried to apply own rules to system they don't understand > "See? It doesn't work!!!" Meanwhile actual users of said system are perfectly content with it.  Its funny you haven't realized crying "OooDinALs aTTaCk!!!1" for the 65th time will have zilch effect on the issue. If we are being honest, I reckon not much people in this forum have used it or know how this really works to have the right to teach anyone what to think about it or judge it. In any case, for the people who do not know anything about Ordinals, there are resources on the internet that might be helpful to learn more about this first and argue about it later hehehe. https://docs.ordinals.com/https://domo-2.gitbook.io/brc-20-experiment/https://brc-20.io/ |
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@Abiky. What much of these cryptolovers who are arguing for regulations ignore is that regulations might threaten one of the basic innovations that the cryptospace has given us and this is the self custody of our digital wealth.
If regulations are imposed, this implies that all coins and tokens are securities and must be registered with the SEC. This will cause a few problems because under those regulations there should be a custodian, a transfer agent, it will need certain reports, disclosures and all these other documents required by the SEC.
These requirements will also make us pay more fees to the custodians and the transfer agents.
There is also the accredited investor rules which might exclude people who are under a certain salary bracket from investing freely in the cryptospace. This will not encourage the innovation in forming community shared projects similar to what we are witnessing today. It will be very much similar to nothing we presently have in the cryptospace.
CZ, we support your use of decentralization to evade everything that you need to evade hehehehehheee.
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That fight was really a disappointment, or at least that's what I felt because I did expected a better performance by Ryan Garcia and that he will be wiser on that fight because he already knew how wise Davis is inside the ring and how vast his IQ when it comes to what's needed to be done. But that specific bar that I set for Ryan may have been too high for him even if that is somehow achievable for a fight like that.
Well, hopefully he will indeed learn from his mistakes and enough about that because I'm already thrilled to see Loma fighting for the Devin Haney's throne. Just a few more days folks.
For me I see Ryan Garcia is still learning a lot and even though they have closer ages, Gervonta Davis is 28 years old while Ryan Garcia is just 24, you can see the age gap between the two, both fighters can still learn, and progress on their speed, strength, technique, skill, and fight IQ so make no mistake Ryan Garcia will be better with this fight experience and you will never know he will be accustomed to the style of Gervonta Davis and he will be ready beating him,
And since it was reported that Ryan Garcia chooses to separate with Goosen as his trainer, (he is also a no show if I'm remember correctly) then maybe when Ryan's contract with GBP is up, he might have to look for another boxing promotions I reckon.
I do agree that it was very unprofessional for them to be absent in the post fight press conference. Regardless, they know that they have to cover Ryan's back whether he win or lose that fight. Of course, not just Oscar but those who back up Ryan in this big fight is frustrated because we thought that he still has something inside of him to at least give us a good fight. But Davis is just to good, power and has a good defense to protect himself against Ryan's left hook.
Well, I really don't know what is the real reason behind Joe Goosen and Ryan Garcia parting ways, but as for Garcia he said that they have no Bitter qualms and that they part ways on good terms, but many are speculating that it is because of Oscar De La Hoya and Bernard Hopkins not attending Garcia's fight because of their own reason which is they have talked about that Oscar De La Hoya is receiving death threats so he doesn't push on with the fight, While Joe Goosen is still expecting an extension for the partnership but it was to no avail that Garcia really like to have a new training well if a boxer doesn't like the situation anymore I think it is all because of the lost or the wrong decision as a trainer, I reckon Joe Goosen was not a very good trainer and not a very good advicer for the young fighter that he was supposed to mentor. I am quite certain that it is Ryan Garcia and his management team that decide if they accept a fight or not, however, the trainer should also be part of decision making or he leaves the team. Ryan should have been advised not to accept the 10 pound rehydration clause fight day weight check. This very much weakened Ryan and we did not see the real boxer go in the ring. In any case, Ryan should go to Fredde Roach or go back to Eddie Reynoso or ask advice from Reynoso on who might be the best person to train him. |
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I was bored and remembered Neodice hehehe. The faucet gave me 100 satoshis and I played 49.50x that the next number should be over 97.99. The draw gave me 99.88 hhehehe! Thank you, I presently now have something to do.  In any case, the music is still very relaxing, however, I have the same request from 1 year ago. I reckon the gamified faucets need sound effects hehe. |
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Does anyone speculate that Coinbase will continue on fighting with their case against the SEC? This news article makes it appear that they might be planning an exit from America permanently until there is clear regulatory guidance and infrastructure. They are slowly closing down different service offerings from their business. The reason according to Coinbase's spokesperson is low demand. I do not believe this. Coinbase Borrow’s days are numbered.
Customers of the U.S.-based exchange who used the program – which allowed customers to borrow fiat loans up to $1 million against as much as 30% of their bitcoin holdings, with interest – received an email on Wednesday informing them that the last day to take out new loans would be May 10.
However, the closure of Coinbase Borrow seems – at least for now – to be unconnected to any enforcement action. A person familiar with the matter told CoinDesk the closure of Coinbase Borrow had nothing to do with either pending or past troubles with the SEC.Source https://www.coindesk.com/business/2023/05/04/coinbase-to-stop-issuing-new-loans-via-coinbase-borrow/The real warning sign for their exit is when Coinbase begins layoffs of employees again in America. They have fired 950 employees on January already. This might be 20% of their workforce. |
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News update. The Biden administration released a report trying to argue on their 30% cryptomining tax. https://www.whitehouse.gov/cea/written-materials/2023/05/02/cost-of-cryptomining-dame-tax/This is very much similar to what the American government has been doing to other types of industries where they use subsidies and taxation to manipulate their growth or their decline. I speculate that miners will begin their exit from America on 2024 and 2025 and go to South America and Asia where they will be welcomed. El Salvador will certainly be one of those places.  A proposed 30% excise tax on cryptocurrency mining firms was the focus of a report released by the White House on Tuesday, in which the administration reiterated its stance that pinching miners’ profits is in the best interest of American communities and the environment.
“Firms do not have to pay for the full cost they impose on others,” the report states, adding that the proposed tax “encourages firms to start taking better account of the harms they impose on society.”
Under the official name of the Digital Asset Mining Energy (DAME) tax, it applies equally to digital asset miners that earn income by validating transactions on proof-of-work networks like Bitcoin and proof-of-stake networks like Ethereum, despite having vastly different levels of energy consumption.Source https://decrypt.co/138832/white-house-report-30-percent-crypto-mining-tax |
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Another one has bite the dust. There might be these moments in your life when you thought it was a joke and you tell this joke to others thinking it was only joke. However, sometimes it might not be a joke. Uncle Jim was telling everyone that the banking crisis in America ended with the collapse of First Republic Bank. Many inverse Cramer followers were joking that it only the beginning. It appears there are jokes that we should wish not to become true because certainly if this banking crisis is only beginning, it would not be good for everyone in the cryptospace.  PacWest Bancorp led a renewed slide in regional banks after a report that it’s weighing strategic options including a sale heightened concerns that the turmoil engulfing smaller lenders is far from over. The Beverly Hills-based lender plunged as much as 60% in postmarket trading, while Western Alliance Bancorp fell as much as 38%. PacWest has been working with a financial adviser and has also been considering a breakup or a capital raise, according to people familiar with the matter. Read in full https://www.bloomberg.com/news/articles/2023-05-03/regional-banks-sink-as-pacwest-said-to-weigh-strategic-options |
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Everyone who watched Tank vs. King Ry were waiting for the announcement for Errol Spence vs. Terence Crawford but there was nothing and some of us were joking that it was an extended April Fools joke hehehehe. However, go to your sportsbook and check the odds in boxing for June 17. Spence vs. Crawford is listed! What does this imply?
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