@OgNasty. Agreed. There are people behind the SEC and also those people who control the SEC who might not want this now, however, they might want it years from now when they have filled their wallets full of bitcoins already hehe. In any case, this has not discouraged VanEck from creating other cryptoinvestment products for their clients of institutional investors. VanEck included Tron in the basket, however. Is this a serious investment product hehehe. Just last week, the firm’s European arm marked the launch of a new Exchange Traded Note (ETN) on the Deutsche Borse Xetra and SIX Swiss Exchange that allows investors to invest in a selected basket of the largest cryptocurrencies with the greatest liquidity. The ETN currently tracks six of the largest crypto assets, including bitcoin, Ethereum, and Solana.
As the firm continues its work to eventually make a U.S.-listed spot bitcoin ETF a reality, product innovation in Europe has continued at a torrid pace, with the firm now offering ETNs to European investors that provide exposure to the spot prices of:
Bitcoin
Ethereum
Polkadot
Solana
TRON
Avalanche, and
PolygonSource https://www.businesswire.com/news/home/20220131005520/en/VanEck-Launches-Its-First-Multi-Token-Cryptocurrency-Fund |
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@DooMAD. No, this is the thread. The Big Short movie thread, BTC edition hehehe. https://bitcointalk.org/index.php?topic=5250676.0Much of the people who replied appear to think it was only fud without considering the actions of Tether, iFinex and Bitfinex. Some of the others might be in denial. Also, very many of them cannot accept the reality that Tether’s liquidity is supporting much of market. They also have an argument that if Tether is taken down, the market would pump because USDT holders would buy bitcoin. They did not consider that no one would sell for a taken down USDTcoin. This is very head shaking hehe. |
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@aruldaroy. The development of Sushi is presently being done by Dani Sesta and his team. These are the same people who are involved in Wonderland, Popsicle Finance, Abracadabra and Joe the trader. The tokens of all these projects mentioned have dumped before and after the discovery that Sifu, Dani’s CFO in Wonderland is really the scammer Omar Dahini. Sushi might need Sam Bankman-Fried to save it again hehe.
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@btc_angela. I reckon in this type of market where much of the retail investors have no more or less money because they have lost it or they have already withdrawn their profit, this is where market makers have complete control. If they want a liquidity cascade, it will certainly occur. This cascade will also cause marginal sellers to dump and this will decide how low bitcoin’s price will be. I speculate the marginal sellers of 2022 will be the institutional investors who thought they can hold their bitcoin investments through this next bear market. I predict they will not because their losses in their investments in stocks and bonds will force them to sell first the most unimportant assets in their portfolios. This will be bitcoin and other cryptocoins. Also, there will be more news similar to this during the bear market. Paul Krugman Says Bitcoin Resembles Subprime Mortgages.
For those who weren't paying attention during—or were too young to remember—the 2008 financial crisis, subprime mortgages helped kick everything off. In a nutshell, lenders gave complicated loans to people who couldn't afford to pay them over the long term. Most of these mortgages had low initial interest rates that ballooned over time, the rationale being that homeowners could refinance with better terms when they had more equity. After all, home prices only ever went up, right?
But home prices stopped going up and many American homeowners defaulted on their loans. Compounding matters was the fact that Wall Street had turned these subprime mortgages into investment vehicles, and seemingly everyone had exposure to them. The dominos began to fall on the U.S. and global economy.
While Krugman contends that crypto markets aren't large enough to cause a global crisis, he does think the same groups of people targeted by lenders in the leadup to 2008 are being preyed upon today.Source https://decrypt.co/91496/paul-krugman-says-bitcoin-resembles-subprime-mortgages-is-he-right |
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News update. It appears Goldman Sachs is beginning to have a similar prediction as their banking cousin Morgan Stanley on what might occur for this year of 2022. This might be the beginning for those $100k laser eyes bitcoiners to accept reality. The margin sellers might have not yet sold and it will be certainly those margin sellers that decide how low the dump might be during the bear market. Goldman Sachs Warns Bitcoin Increasingly Vulnerable to Fed Rate Hikes
Global investment bank Goldman Sachs published a research note Thursday detailing bitcoin’s increased vulnerability to the Federal Reserve hiking interest rates.
Zach Pandl, bank’s co-head of foreign exchange strategy, and FX analyst Isabella Rosenberg explained that as mainstream adoption of bitcoin increases, so does the cryptocurrency’s vulnerability to Fed policy. They described:
Over the last two years, as bitcoin has seen wider mainstream adoption, its correlation with macro assets has picked up.
Noting that higher bond yields have affected technology stocks in recent weeks, with the Nasdaq 100 index falling more than 13% for the year, the analysts noted: “Bitcoin and other digital assets have likely suffered from the same forces … These assets will not be immune to macroeconomic forces, including central bank monetary tightening.”
The markets now expect the Fed to hike interest rates five times this year. Goldman Sachs believes that the Fed could raise interest rates at every meeting this year. The post-meeting statement from the Federal Open Market Committee (FOMC) last week did not provide a specific time for when the increase will come, though indications are that it could happen as soon as the March meeting.Source https://news.bitcoin.com/goldman-sachs-bitcoin-vulnerable-to-fed-rate-hikes-mainstream-adoption-grows/ |
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@DooMAD. Did you see my thread in the speculation subforum? There is much information there that would make anyone shake their heads in wonderment why tether, iFinex and Bitfinex are not yet taken down. However, I am not certain why some people were saying it, they told me that everything was only fud but the information is clear that we should be skeptical.
In any case, tether would have found a real use case if Jack Mallers continued his original roadmap for his Stike application. It would have only used bitcoin as the underlying infrastructure for the usage of USDT in El Salvador and hyperdollarize the country without depending on America and without owning a money printer. This would have been an exciting experiment hehe.
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The news broke earlier today; Tom Brady is retiring:
And "Rodgers to Tampa Bay" rumors start immediately. Which is probably about as likely to happen as "Rodgers to Detroit". Which players would give a more realistic storyline on becoming Tom Brady’s replacement? Players that might want to be traded to another team or their teams might want to trade them are Jimmy Garoppolo, Russell Wilson, Derek Carr and also Baker Mayfield? Free agents who are available are Teddy Bridgewater, Tyrod Taylor, Ryan Fitzpatrick and Covid Cam. It appears Brady’s replacement will be disappointing if it is not Aaron Rodgers hehehehe. |
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Could we not even say your 25k figure was a bit low?
I think people might look to buy at 25k or 30k so much that it COULD drop down back to the 28.3k we saw last time and then take a large bounce up from there (I made a thread here a few weeks before then saying I didn't think it was unreasonable for us to hit near 29k but not go below it, and we got into the 28k regions then so)...
There are too many technical traders out there. Remember when a bunch of people got extremely bearish when we touched $20K about a year ago, they were all predicting a double top. Now many are treating this $30K area like $6K. And think it will hold. I don’t think that will be the case. It would be too obvious. We might get a few higher lows but eventually I see the $30k breaking. If $25K isn’t the low the obviously the 200WMA is the last area of support that I see before we head down to like $15K or something. Agreed, $30k might break, however, no one can predict how low the market makers can manipulate this market. Market makers similar to Alameda Research have presently be in control of this market, if they will try to cause a liquidity cascade this will certainly happen. Similar to @adaseb’s speculation it might be during April when market makers begin to file for tax payments, also to possibly get cheaper cost basis. |
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I just came across a very interesting website that depicts the experience and vicissitudes of a couple of travellers, well versed in bitcoin, who took it upon themselves to travel El Salvador solely using bitcoin as a means of payment, on a trip that describes an approximately 45 day experience doing so. The article summarized some of their experience as: - There still seems to be a lot of misinformation on bitcoin amongst the population, to the point that many confuse it with the Chivo System as being essentially the same. - Efforts to properly educate the population on using the Chivo System seem scarce and even lower when it comes to bitcoin itself. - There are still many places that still do not accept bitcoin, and this is even more so once you move out of the centric touristic areas. - If you want to travel the country on bitcoin, be prepared to route your itinerary based on where they actually accept bitcoin, and not necessarily on where you intended to go. - Museums and other Heritage related places still seem to currently only accept fiat. I’ve read about a dozen or so of the entries in the diary, and each one was worth the time to get more insights on the day-to-day over there. The entry for day 28 was particularly shocking, since they claim that it seems feasible to withdraw USD (by selling BTC) on their ATMs, and perform a RBF. Not sure if this is really true, but it would be one hell of an oversight if so. see: (diary – Italian left/ English right) https://bitcoinitaliapodcast.it/missione-el-salvador(article) https://cointelegraph.com/news/around-el-salvador-in-45-days-a-bitcoin-only-travel-storySlowness in implementation is quite expected in governments of 3rd world countries. This is not the real problem, I reckon. The problem is I hope that article does not imply that El Salvador is only larping and using bitcoin only for their propaganda campaign against the IMF. In reality, bitcoin does not need legal tender status to be used everywhere. Also, the comment on their ATMs. This might be okay, I reckon. If bitcoin is used as a currency, it should be allowed to function similar to other forex currencies. However, you might have something that makes this a real problem? In any case, maybe El Salvador is right in using bitcoin as a tool for political propaganda. Was this not how the community behind bitcoin began? This might help countries for real adoption. I am not going to assert whether I believe that Bukele might have employed x, y or z strategies better, because there is a lot of discretion within the realm of politics and even within the realm of running a business that you may well be striving to be profitable or successful in some way to carry out certain missions. In other words, we might all acknowledge that if we were in the same position, we would interact differently and show our public profile differently (more professionally, perhaps?), but in the end, we also might acknowledge that there could be quite a few advantages in attempting a kind of public and flamboyant character when adopting something that is already known to be controversial right from the getgo. I was not criticizing Bukele or the government of El Salvador, however, 3rd world countries’ inefficiencies in execution of any infractructure because of corruption in government is a reality. This has not changed for many decades. We should expect for adoption in El Salvador to be slow and it will be implemented badly before making the proper corrections. Everyone should read this article and witness reality with acceptance, without criticism. El Salvador’s Chivo wallet keeps breaking, and users are seeking answers
Sometime between November and December, the website began to fill up with noticeably more complaints about unknown or failed transactions related to Chivo, the state-backed bitcoin wallet that went live in September to much fanfare.
“I’ve spent almost two months waiting for them to help me with a transaction of almost $1,000 at the time,” Twitter user @Josh_91_L posted on December 9. “Now with the value of BTC plummeting and continuing like this, it seems like it will be much less. I’m still hoping that one day they can resolve it, willingly.”
“Yesterday, I found out transactions in my bank account have been made through the Chivo Wallet that add up to an amount over $3,000,” Twitter user Jenn_Larin85 wrote on Dec. 19. “Hoping that they [solve this for me] as soon as possible!”
Over the past month, The Block has reviewed a range of complaints about Chivo on social media, including claims of unauthorized charges in the app and external bank accounts, blocked accounts, phishing schemes targeting users, failed transfers to other wallets and identity theft. In addition, more than 10 people shared their firsthand accounts of issues for this article.Source https://www.theblockcrypto.com/post/131452/el-salvadors-chivo-wallet-keeps-breaking-and-users-are-seeking-answers |
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"China had to ban it completely to remove the problem" what?
They didn't remove any problem, they created new ones. Or, they washed their hands off any responsibility to regulate or intervene -- I always suspected that the crypto-related scams in China led to a lot of pressure from the government to act. They installed a blanket ban as they couldn't understand enough on who to license, and who not to. Regulating would mean enforcement and they'd rather just criminalise now until they figure it out.
Regulating Bitcoin of course at face value is not possible but I'm sure we're not meant to take the decision at face value.
I am shaking my head, did you read the whole post? I also said it is arguable if it worked. I also mentioned that there are news updates that reported there are small mining farms still mining bitcoin and there are also people still using bitcoin and other cryptocoins in China. @DooMAD. Taking down stablecoins might bring liquidity of the market to levels before 2017. We should not hope for this hehe. I speculate what the regulators might do is create policies to control stablecoin issuers to also control the liquidity that goes in and out of the cryptospace. This might create an argument for the need for algorithmic stablecoins which will be harder to regulate. |
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NFL experts, how big is the possbility that the 49ers only played a very bad game versus Greenbay because of the bad weather conditions? The weather in Los Angeles will certainly be much better hehe.
Also, how depleted of energy and depleted emotionally are the Chiefs after their game versus the Bills which also went to overtime?
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I don't think it even has a chance of passing the Arizona legislature, let alone surviving the court system after it were to get challenged. This senator isn't the only U.S. politician to say they want to legalize Bitcoin, there's been plenty before her -- they know they can't do it, it's just to pander so they present themselves as being outside of the establishment. We've all heard the script before.
Also, if it was passed and the governor of Arizona signed it into law, I reckon it would not make a difference. Arizona also made gold and silver legal tender during 2017, however, are the people there really using gold and silver as money? There might be less than 3% of people in Arizona that own bitcoin. The skeptical me thinks this might only be for the Senator to get more attention. Midterm elections will be on November hehehe. However, what might be good for bitcoin as legal tender in Arizona is the removal of the capital gains tax. Arizona Governor Approves Bill HB2014 to Make Gold & Silver Legal Tender
The moment that Arizona precious metals investors have been hoping for finally came this week, as Governor Doug Ducey signed Arizona House Bill 2014 into law. The bill eliminates state capital gains taxes on income “derived from the exchange of one kind of legal tender for another kind of legal tender,” which specifically includes specie, or coins with precious metal content. In other words, gold and silver coins will be treated, at least for Arizona state tax purposes, purely as money and no longer as commodity assets.Source https://www.sbcgold.com/blog/arizona-governor-approves-bill-hb2014-make-gold-silver-legal-tender/ |
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It will be similar to what occured during past administrations in many different 3rd world countries. The IMF will use politics and support Bukele’s opponent in the next presidential election. If the opponent wins, the new administration will amend the law and remove bitcoin’s legal tender status as ordered by the IMF. The IMF will then give billions in loans to El Salvador in exchange for more political control and more control over economic policies of the country. However, if Bukele wins the next election, we might witness rebellion to oust Bukele to increase. I will leave it to the reader from who the funding of the rebels come from hehehehe. |
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The Biden administration can use the full power of the executive branch, however, they certainly will have an unpleasant discovery that the cryptospace cannot be regulated similar to how they regulate traditional financial institutions. If an authoritarian government similar to China cannot control it, how would a government with distributed powers do it? China had to ban it completely to remove of the problem. This remains arguable if it worked, however. There are some news updates that some people still use bitcoin and altcoins in China. There are also some small mining farms.  The White House wants to set out a cohesive set of policies to regulate Bitcoin and cryptocurrencies as currently legislation and its enforcement are scattered across sectors and agencies, according to multiple reports.
The Biden administration will release an executive order in the coming weeks to task federal agencies with assessing the risks and opportunities that Bitcoin and cryptocurrencies pose, Bloomberg first reported.
The regulatory efforts would reportedly involve the State Department, Treasury Department, National Economic Council, and Council of Economic Advisers, as well as the White House National Security Council as the administration gauges that cryptocurrencies have “economic implications for national security,” per the Barron’s report.Read in full https://www.nasdaq.com/articles/biden-administration-to-regulate-bitcoin-as-a-matter-of-national-security%3A-report |
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Quite the bottom of the chart here it seems. Most CN coins have suffered the same the past few months.
It is not only cryptonote. Much of the old proof of work coins are presently removed from the top 10 or top 20 in coinmarketcap.com. Smooth and americanpegasus tried on 2017, however, not successful. It appears no one wants to buy and invest in Aeon and similar coins. This is a generational movement from old to new, I reckon. Aeon is dead, we should accept this. I have stopped running my node 2 years ago and sold much of my coins. We also tried to help the project in our own means but the project never continued with the original technical roadmap because opensource developers did not join to contribute. The coin will only die when seed nodes die and people stop running nodes. With the latest scheduled release there will be a bunch of original seed nodes dropped and new ones added refreshing the chain. Hopefully, that one seed node from block 412(?) will go away that tried to fork the chain back in the day haha Technically I very much agree. However, it appears that the cryptospace has moved their interests on trading Defi coins, yield farming tokens and buying NFTs. It was a good experience to help Aeon with my small contribution and encouraging others to give the project a chance. I ran 2 nodes. One in my room and the other I installed in one of the servers of my brothers office that ran 24 hours a day for a very long time hehehehe. |
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@bisdak40. It appears Casimero’s manager did not negotiate this fight for the advantage of his fighter very skillfully. His fighter is the champion, however, they agreed to fight in Liverpool? This is head shaking. Liverpool has some of the most racist fans in the world. They will terrorize him there.
What are the odds on Butler? They might be framing Casimero to lose this fight. This might also be another overestimation on Casimero after the clownish performance versus Rigondeaux.
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@zasad@. This might be something that anyone who has been a very close follower of Defi might have never expected! I followed much of the news updates on Quadrigacx 3 years ago and I never thought that Omar Dahini was not imprisoned. This news will certainly become an issue for the US SEC and for US congress and will certainly make it their vindication to impose strict regulation on the cryptospace. It is not a good day if you are a cryptocoin holder. Also, tokens related to Wonderland are dumping. SPELL, TIME, SUSHI, ICE. CFO of DeFi Project Wonderland Outed as Co-Founder of QuadrigaCX
0xSifu, a co-founder and CFO of an Avalanche-based fork of OlympusDAO called Wonderland, has been outed as a co-founder of the notorious Canadian crypto exchange QuadrigaCX. The exchange was labeled a “ponzi scheme” by the Ontario Securities Commission in 2020.
Initial reports from Twitter user zachxbt indicate that 0xSifu’s real name is Michael Patryn.
A report from The Globe and Mail in 2019 confirmed that prior to being called Michael Patryn, this individual was previously called Omar Dahini, then Omar Patryn, following two name changes in 2003 and 2008 respectively.
Omar Dahini (aka Omar Patryn, aka Michael Patryn, aka 0xSifu) is also the same individual who co-founded QuadrigaCX in 2013 with Gerald Cotten.Source https://decrypt.co/91354/cfo-defi-project-wonderland-ousted-co-founder-quadrigacx-report |
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I just came across a very interesting website that depicts the experience and vicissitudes of a couple of travellers, well versed in bitcoin, who took it upon themselves to travel El Salvador solely using bitcoin as a means of payment, on a trip that describes an approximately 45 day experience doing so. The article summarized some of their experience as: - There still seems to be a lot of misinformation on bitcoin amongst the population, to the point that many confuse it with the Chivo System as being essentially the same. - Efforts to properly educate the population on using the Chivo System seem scarce and even lower when it comes to bitcoin itself. - There are still many places that still do not accept bitcoin, and this is even more so once you move out of the centric touristic areas. - If you want to travel the country on bitcoin, be prepared to route your itinerary based on where they actually accept bitcoin, and not necessarily on where you intended to go. - Museums and other Heritage related places still seem to currently only accept fiat. I’ve read about a dozen or so of the entries in the diary, and each one was worth the time to get more insights on the day-to-day over there. The entry for day 28 was particularly shocking, since they claim that it seems feasible to withdraw USD (by selling BTC) on their ATMs, and perform a RBF. Not sure if this is really true, but it would be one hell of an oversight if so. see: (diary – Italian left/ English right) https://bitcoinitaliapodcast.it/missione-el-salvador(article) https://cointelegraph.com/news/around-el-salvador-in-45-days-a-bitcoin-only-travel-storySlowness in implementation is quite expected in governments of 3rd world countries. This is not the real problem, I reckon. The problem is I hope that article does not imply that El Salvador is only larping and using bitcoin only for their propaganda campaign against the IMF. In reality, bitcoin does not need legal tender status to be used everywhere. Also, the comment on their ATMs. This might be okay, I reckon. If bitcoin is used as a currency, it should be allowed to function similar to other forex currencies. However, you might have something that makes this a real problem? In any case, maybe El Salvador is right in using bitcoin as a tool for political propaganda. Was this not how the community behind bitcoin began? This might help countries for real adoption. |
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UFC fighter pay has been discussed over the past 10 years, since Tito Ortiz and Dana White had their falling out.
It has a long history, which many are not aware of.
Leslie Smith in the past pushed project spearhead in an effort to unionize the UFC. Jon Fitch and John S. Nash pushed the Ali Act. Cung Le and Nate Quarry were also involved.
This goes back more than 5 years.
Will the current campaign on UFC fighter pay be any more successful than past attempts?
Somehow I don't think it will. Those who of us who have been around for awhile know why.
Dana should begin paying his women fighters more money or we might witness much of them open an onlyfans.com account for extra income hehehe. Did everyone watch Kay Hansen during UFC 270? She has an onlyfans.com account. https://onlyfans.com/kayhansenmmaThere are some of those pictures in Reddit. https://www.reddit.com/r/KayHansenNSFW/Jessica Andrade also has an account in onlyfans.com, however, I will not share this because it might cause very scary nightmares hehehehe. |
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@harizen. Agreed. Also, much more fans will want Inuoe versus Donaire rematch than watch Inoue versus anyone else. Casimero? His last performance was very boring to watch. He was also made to chase and fight like a clown by Rigondeaux. There is no hype behind Casimero. Donaire however has the hype behind him. He knocked out 2 of his latest opponents with the other who is much younger than him.
I am quite certain Inoue versus Donaire 2 will be one of the most exciting fights for the sport of boxing!
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