It could very well be a coincidence. Also when Microstrategy announces their bitcoin purchase, it's not the same time they have purchased it. The purchase could have taken place much earlier than the announcement. So I don't see any other reason other than coincidence.

Also it is negative that a single company is buying so much of bitcoins. It's not good because they will have a great power over the price will be able to drive it according to their requirement. That's not good!

Frankly, I have never used a bitcoin ATM because it doesn't exist in my country. One company tried to setup one ATM and the owner of the company got arrested by the police on the same week of installation. So I don't think I will be able to see anymore ATM in my country in near future. But I am not very eager to use bitcoin ATM unless it is completely anonymous. ATM has cameras and the company may ask you to do a quick KYC before you can actually use it. If that is the case, I would never use a bitcoin ATM personally and would not recommend anyone to do so.

But yes, if it is anonymous where no cameras will be installed and no KYC will be needed, I may try it once out of curiosity. That's it!

Close to hyperbitcoinization?? LOL! We haven't yet started and I don't see it happening in our lifetime unless and until we see a nuke war happening amongst the Nuke powered countries. Bitcoin's adoption rate is definitely increasing but as an investment and not as a currency system. Whatever is happening in Russia and Ukraine, is actually an exception. It can't become a practice for the other countries unless they face extinction through a nuke war.

A lot of people within this community, prefers bitcoin as an investment because we have seen its potential. But when it comes to use as a currency, a very very minor insignificant fraction of people are actually able to do it.

It wouldn't go down to zero but will definitely reduce. The startups created around crypto ecosystem will also reduce. It will also accelerate the great India brain drain regime that we are currently experiencing. Also it will encourage people to take illegal routes to cash out their cryptos.

I believe that's what the government wants especcially when RBI governor is very much pushing towards a blanket ban.

But who cares when incompetent people chairing the highest positions within finance ministry.

I do agree with the risks. Crypto assets are highly risky and this market is infested to multiple scammers. We have already seen a lot of incidents of scamming, hacking, ransomwares etc. So it's not a surprise that ESMA is trying to warn people about the risks. Every day we are seeing new cryptos getting launched, gaining 2000% within an hour and then next day, it is all dead. That's not good for a market. The pancakeswap looks less like a swap provider and more like scammer's paradise to me! Absolutely nonsenses are happening there!

Not just Germany, rather many other countries in EU are facing the same issue. EU countries are one of the major importers of Russian oil. Due to the war, many countries have reduced the size of such import which led to fuel price increase. Along with fuel price increase, the price of commodities are going up because the transport cost is going up. Then it comes to inflation which is reducing the "purchasing power parity" of EURO which is again eating into the price of the commodities.

It can be solved if they are able to import oil from any other country. But US has imposed sanctions on Venezuela where they could have got cheapest oil. If I look at the previous data (2019), Russia accounts for roughly 27% of oil imports for EU. When such a big chuck of an import dries out, it pushes the price of everything dependent on oil. EU should stop being the puppets of US and UK. One has to remember that these two countries are responsible for most number of wars in the history of humankind.

That's why I always say that promoting and buying bitcoins by the corporates, is not a good thing. Some corporates have so much money, they can easily buy majority of the bitcoins circulating in the market. Then they will have the controlling power of the price and they will control the supplies. It's exactly the case for MicroStrategy. It will lead to centralization of the greatest decentralized cryptocurrency which will not be great for small investors like us.

But unfortunately, we can't do anything about it due to the free market around the world. No once can stop them from buying more and more bitcoins. It will not be a great thing to happen with bitcoin market when a single entity/consortium of corporates gets the upper hand.

The biggest strength of bitcoin is that there is a strong emotional value around the market that it will beat inflation and also pave ways for keeping the financial mafias out from the system. Various CEOs talking about their positive feeling about bitcoin, creates an aspirational value which essentially help building the image of bitcoin among the mass. So I personally think, the current price level is actually very good to buy in, if you want to stay invested for a long period of time. But if you want to gamble with the price changes over a short period of time, then it might not yield anything to you.

We have already seen bitcoin reaching to 66k for a brief period of time so we all know that there is potential but such potential can only be realized when you have a long term goal and capacity to stay invested during a price turmoil. You need to keep panic out of sight.

That is probably true! Even though NFTs are pure crap but it works well for the creators when there is an "aspirational value". This aspirational values are created by big brands or celebrities. So they have a much higher chance of succeeding in NFT market because common people are addicted to something called "reflected glory". So here FIFA would have made few extra millions through the sell of NFTs to the football fans. They indeed missed the opportunity.

They probably didn't get a proper pitch around this money churning area because a significant level of technological support will be needed to create and market those NFTs successfully. If you don't know FIFA relies heavily on third part service provider in almost every aspect. 

It's great that UK is at least moving forward with a standardized framework for cryptos. These kind of legal frameworks always help in growth in general. It will help to open businesses around crypto in UK and possibly encourage its adoption at merchant level. The trading volumes around cryptos will increase if the adoption increases. It's a net positive unless they decide to impose 30% tax like India.

But stablecoin are really one area of concern for the governments. While it enaures the value transfer without much volatility, it also remains anonymous. That's where the government will probably hit. Let's see!

Why would he reveal his identity? Or why would they reveal their identity? What could be the impact? Nope the video doesn't answer that!

There is no impact at all if Satoshi's identity is revealed. Enforcement agencies around the world are hounding for this person. So he must keep his identity secret. I won't be surprised if later we found out that this Craig fellow cas3 is actually a staged event by FBI!

MPs in India lacks basic IQ. Also when it comes to BJP, their IQ is severely lower than others. So Sushil Modi is no exception. Few years back, a congress MP had said cryptocurrency is a ponzi scheme. These kind of comments show their flawed understanding of cryptocurrency in general. When it comes to 2024, let's vote for better India and freedom.

We have had enough of old school legislators. India seriously needs young blood to come to politics and change for better.

How come POS will centralize ETH? I don't get your point. Rather I feel POS will actually make ETH more accessible to the common mass. You won't need expensive graphics card to mine it. Rather you can just buy some ETH from the market and pool stake with others. POS is effectively removing the barriers that bars the common mass to enter into mining of crypto due to high entry price. Also it will address the high gas fees which ETH users are facing since a long time now. The current gas fee is not sustainable and POW is unable to solve the issue so far. POS will help to distribute the gas fees across network through their algorithm which will reduce it to a great level.

Overall, I have seen positivity around this movement. Not sure what made you think it will end decentralization in ETH.

What IMF chief is saying  - is very true! It will not just reduce the dominance of USD but it will allow various countries to use their local currencies than using USD. Crypto is not probably the best medium of exchange for international trade. But local currencies will definitely become useful to bypass the SWIFT ban.

I sometime laugh on the hypocrisy shown by US and UK. These two countries are responsible for most number of wars in the history of mankind. Now they are trying to impose sanctions because some other country is trying to protect their sovereignty by not allowing NATO to install weapons at their border.

That's called clickbait article. It's not a news that Mexican cartels are laundering money but when it is associated with cryptocurrency, it becomes a news! That's what media is doing nowadays because of the steep competition.

And see, they are successful as well because we are at the core crypto community is clicking and discussing this! It's all marketing strategy to be honest! But what is unethical is that it is spreading bad reputation for bitcoin or cryptos in general.

Exactly so! Have you ever wondered how these Loyalty and rewards programs make money? They are not charities that will give you a cashback on your fiat purchases! Remember, when something comes for free, then you are the product and that's exactly the case here. These companies make money on user data monetization. Do a quick google search and you will understand how deep these things run within the internet. Everything that is free in the internet that offers you rewards for free, makes money out of your data. 

These programs are linking your fiat data with your crypto data which has varied use cases. Government could be one of their primary buyer if they are able to scoop up sizable amount of data. So personally I wouldn't suggest anyone to use such services if they are serious about their privacy. Otherwise, it's all fine!

It seems the fellow got the entire logic incorrect. Digital currency is just a digital representation of fiat money and it will also be guaranteed by the central bank of the respective country. Rather cryptocurrencies can be used for illegal activities and money laundering. Digital currencies are rather difficult to use for illegal activities.

Bangladesh was one of the first nations to impose banking ban on cryptocurrencies. The central bank of Bangladesh is pushing very hard to finally make it illegal. Under the current government, I don't see Bangladesh legalizing cryptocurrencies.

I would use that as my secondary secondary wallet just to quickly access a very minor fraction of my funds. Web based wallets are not really secure and I wouldn't advise anyone to keep a huge amount of money there. browsers are more prone to hacker attacks and for a seasoned hacker it's pretty easy to take control of your browser and steal the money from it.

I am excited about the functionality but the market share of Opera browser is less than 3% so I don't expect a lot of people benefited from it. It's just an technological integration which may make some crypto users to install and use Opera for some very specific use cases.

I don't think it's a feasible solution to bypass 30% tax bracket. You can definitely try opening a bank account in tax heaven countries like UAE, Cyprus, Panama, The Cayman Islands, Bermuda etc. But whenever you want to use the fund, you will have to repatriate the fund to India through a banking channel. So unless you are able to show a different source of income from those countries, you will land in a big legal trouble with government departments.

If you are planning to use international debit cards, then you will be charged currency conversion for each transaction which is usually a lot higher than the market price. Also I wouldn't advise your stay at wrong side of the law. legal troubles in India take decades to resolve. You surely wouldn't want such things to happen with you.

You have found a gap in the market but do you think this gap is creating enough space to enter into this market? I guess no! There are several other factors that are considered by the traders before they jump into an exchange. With the rise of kyc/aml monitoring among the centralized exchanges, defi non custodial exchanges are becoming a predominant player in the crypto market and I foresee this practice will slowly take over the entire crypto market where you do not have send money to exchange accounts before start trading.

So a solution is already here. But why Coinbase or Binance still managing to churn out volumes? It's called endowment effect. Go ahead and  search google for a little business lesson.