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3161  Bitcoin / Bitcoin Discussion / Re: why is bitcoin price important? on: July 08, 2022, 10:49:03 AM
If the value of a bitcoin is one USD, you will not find a global adoption of its use. In the end, I want to buy bitcoin to use it to buy goods and services or convert it into cash that helps me buy goods and services, so the price is important.
But you should not focus on the price as much as why do I want Bitcoin?

 - If it is just an investment, you are doing it wrong and you may end up losing your money.
 - Also, no one will feel the value of Bitcoin except those who cannot make international transfers at cheap rates or those who do not suffer from hyperinflation.
3162  Economy / Service Discussion / Re: Preev.com - DNS hosting service has expired. on: July 08, 2022, 10:43:57 AM
I remember that it stopped working several times from 2018 until today, so maybe wait a few days and the problem will be solved.

Some topics:

 - Calculator preev is down?
 - Is Preev.com down? : r/Bitcoin - Reddit
 - https://bitcointalk.org/index.php?topic=1197217.0

Anyway if you google preev.com the google result show BTC/USD value at preev.com without access the site.
3163  Economy / Marketplace / Re: US Treasury Develops 'Framework' for International Crypto Regulation on: July 08, 2022, 09:46:40 AM
I'll quote this part:

Quote
"The United States must continue to work with international partners on standards for the development of digital payment architectures and CBDCs (central bank digital currencies) to reduce payment inefficiencies and ensure that any new payment systems are consistent with U.S. values and legal requirements,"

It seems that the news is related to the digital currencies of the central bank, which are completely different from the concept of cryptocurrencies, as they are central and can be based on any system, not the blockchain.

The difference between these currencies is significant and we cannot compare them or consider that the news is related to them.
So I think the title of the news is misleading.
3164  Economy / Economics / Re: Ws and traders language food shortages aka food shorts on: July 08, 2022, 09:25:10 AM
Personally, I see that food is linked to economic and environmental changes, and oil is linked to political changes. Therefore, when economic and environmental crises come, it is an opportunity for individuals to try to be self-sufficient, especially in the countryside, and to save on expenses for individuals in cities.
Even in our region, where it is impossible to farm with economic feasibility, governments have begun to support agricultural projects and go to buy lands in countries that have agricultural capabilities.
3165  Economy / Trading Discussion / Re: Crypto Firm Voyager Temporarily Suspends Withdrawals, Deposits, and Trading !!! on: July 08, 2022, 08:53:02 AM
A former investment manager at Celsius Network sued the crypto lender on Thursday, saying it used customer deposits to rig the price of its own crypto token and failed to properly hedge risk, causing it to freeze customer assets.

The complaint said Celsius ran a Ponzi scheme to benefit itself through "gross mismanagement of customer deposits," and defrauded the plaintiff KeyFi Inc, run by the former manager Jason Stone, into providing services worth millions of dollars and refusing to pay for them.

Source --> https://www.livemint.com/news/world/troubled-crypto-lender-celsius-network-accused-of-fraud-in-a-lawsuit-11657262744331.html



Source: https://twitter.com/WatcherGuru/status/1545093851492208640



If this were the case, Voyager Digital Ltd would be in a worse position in terms of financial management.
Withdrawal may remain frozen for a while even if they manage to pay off some of the debts
3166  Economy / Speculation / Re: Bitcoin Percentage Down from ATH on: July 08, 2022, 08:27:48 AM
I thought that the recent rise might lead us to levels above 28K, but if the price could not rise, the decline is expected.
Relying on the repetition of historical data will not help us in anything because this cycle is completely different and may be the beginning of new cycles that differ in content from the previous ones.


Right now most of the market is paying attention to the upcoming CPI and the fed rate decisions coming up.


I don't think the interest rate will affect the price, remember when the covid-19 pandemic was announced all the markets were affected severely, but soon after that the impact of the markets was only a day or two.
What will affect is how to deal with the recession during the next month, if confirmed.
3167  Other / Archival / Re: Binance Expands Crypto Adoption on: July 08, 2022, 08:19:22 AM
Does anyone know why Binance didn't try to get back the users it lost due to mandatory identity verification? Or is that a very small and insignificant percentage?

I thought that in the future they would try to add liquidity into a decentralized platform or BinanceDEX and try to attract people who were not able to verify the identity, but it seems there is no interest in this matter.

In general, I hope that all things will end well. Proving that they have sufficient liquidity in times of crisis is a double-edged sword. Either it expresses a good financial position for the company, or completely vice versa.
3168  Local / إستفسارات و أسئلة المبتدئين / Re: [سؤال] شرعية تداول P2P في دبي ، الإمارات العربي on: July 08, 2022, 08:10:57 AM
I hope it gets resolved with a fine.



تقريبا هذا ما سيحدث, اما ان تتم اعادة امواله الية او دفع غرامة مقدارها 10 الف درهم.




Mostly this will happen, I have not yet heard of a person who has been sentenced in a case related to cryptocurrencies, so it is likely that either the bank account will be unfrozen or a fine (of/less than) 3000 USD will be paid.
3169  Economy / Speculation / Re: This interesting Bitcoin chart is not dissapointing. on: July 07, 2022, 03:36:41 PM
I don't know, but in the long run, we can consider the model to give positive hope, meaning that 69k ATH represents 70% of what the model said, which is considered a good percentage, but the error is using it for short-term forecasting or relying on it as a fact in determining the lowest and highest price, as the price has fluctuated dramatically Crazy between price levels.

Whether the model was broken or not, investment plans should not be built on a single model.
3170  Economy / Exchanges / Re: Binance remove BTC trade fees to mark 5th anniversary on: July 07, 2022, 03:24:21 PM
The competition between platforms is good for users, as the platforms will compete in offering lower fees and various services without closing accounts randomly because there is always an alternative ready to meet the desires of traders, so I think it is more bad news for Coinbase.
Will the cancellation be temporary for the celebration period (which may extend for a week or a month) or will it be open until this policy is changed?
Surprised how they have cash flow at a time when most platforms are struggling.
3171  Economy / Currency exchange / Re: Bibox exchange acount has been locked on: July 07, 2022, 03:07:10 PM
Bibox cryptocurrency exchange locked my account since 6 days. I contact online customer service but still my issue not solve. I think bibox exchange scamming me and steal my funds. What I do now?

It's the first time I've heard of this platform, I believe you and I hope you can access your account but you don't provide enough information to help you:

 - Have you contacted the support team?
 - What was their response?
 - Have you searched for similar stories?
 - Have you read the terms of use and made sure that you did not violate them?
 - your country allowed?

They generally have a bad reputation on fxempire[1], so avoid using them.


[1] https://www.fxempire.com/crypto/exchange/bibox/review
3172  Local / إستفسارات و أسئلة المبتدئين / Re: [سؤال] شرعية تداول P2P في دبي ، الإمارات العربي on: July 07, 2022, 03:06:14 PM
مرحبا بك, للاسف فان مجموعة العمل المالي FATF قد قامت بوضع الامارات في القائمة الرمادية فيما يتعلق بغسيل الاموال لذلك فالدولة اصبحت متشدده للغاية فيما يتعلق بالتحويلات المالية خصوصا بمبالغ كبيرة لاشخاص ليست لديهم انشطة تتناسب مع دخلهم.

لذلك فالمشكلة لا تتعلق بالعملات الرقمية وانما بادارة نشاط (تلقي اموال او ارسلها) لا يتوافق مع مصدر دخل الشخص المعين.

اما عن العقوبة فتختلف  بطبيعة النشاط المرتبط بها فلو كان مثلا متورط بغسيل اموال دون جريمة ماليه اخرى ففي الغالب تكون بالمصادرة او الغرامة ولكن اذا كان السبب متعلقا بشان اخر هو سبب غسيل الاموال فقد تصبح العقوبة الغرامة والسجن واطول فترة هي حوالي سبع سنوات ولكن نادرا ما يتم سجن احدهم.




Freezing and suspending accounts has become common in the UAE, especially if it does not correspond to the person’s income. The reason for this is that the FATF has placed the UAE in the gray list with regard to money laundering. Therefore, the state has become very strict with regard to financial transfers, especially with large amounts of people who do not have appropriate activities. with their income.

Therefore, the problem is not related to Binance or Bitcoin, but rather the management of an activity (receiving or sending money) that does not correspond to income source of the particular person.

As for the penalty, it varies with the nature of the activity associated with it.

If he is involved in money laundering without another financial crime, then it is mostly confiscation or a fine, but if the reason is related to another matter, which is money laundering, the penalty may become a fine and imprisonment and the longest period is about seven years, but it is rarely that some one imprisoned.
3173  Economy / Trading Discussion / Re: BITCOIN + Crypto Market Analysis on: July 07, 2022, 02:52:33 PM
Personally, I do not like the style of suspense YouTubers or their choice of video titles, it seems that they are sure of the direction of the market and therefore the advice they will give will be in one way or another investment advice that may lead to some losing their money.

I remember one of the channels has several analyzes on the same day, and then after a month they delete the wrong predictions and tells the users that the technical analysis of the channel was accurate.

Can you give us a few words as a summary of the video and leave us the option to watch it?
3174  Economy / Exchanges / Re: Voyager has filed for bankruptcy in NY court. Deposits there in serious risk. on: July 07, 2022, 02:31:13 PM
Does anyone know the extent to which these services are exposed to cryptocurrency market, and are they forced to liquidate their currencies?
I mean, will we see more liquidity in the market?
Frankly, I was not following the wave of decentralized finance, but I did not think that many people had invested (Pump a lot of money) in this wave.
3175  Economy / Service Announcements / Re: ✅ ✅ ✅ [ANN] Shaker.finance - trusted & safe BTC mixing solutions ✅ ✅ ✅ on: July 07, 2022, 02:20:24 PM
Blender.io was using cloudflare for years. Plenty of Russian darknet forums use or used cloudflare. If you have some other alternative but cloudflare let me know

How will you ensure the privacy of customers or that their IP addresses will not be recorded or exchanged with third parties?
We have seen many sites effected by massive DDOS attacks, but at least some of them have a Tor version, Hope to see it ASAP
How long does the mixing process take? Is it constant or random and if it is random is it predictable?
What is the source of the coins, meaning that you will mix the user's coins, or does the mixing process begin before depositing?
3176  Alternate cryptocurrencies / Altcoin Discussion / Re: Search protocols for earning APY. quality protocols. on: July 07, 2022, 01:53:51 PM
Don’t waste time investing your money for a few APY by staking on protocol while crypto market is downtrend because most of these protocol has risk of shutting down due to crypto volatility and we all know that this DeFi site are just getting profit by investing the staked money on there protocol on different

Not only that, but most of them depend on lending and it seems that many lending institutions are suffering at the present time[1][2], so it is not wise to invest in these tokens because suddenly you will find that their value has turned to zero.

[1] Crypto: FTX reaches deal to buy BlockFi for $680 million
[2] Celsius liquidation: Crypto lending platform repays Maker loan to lower risk
3177  Economy / Economics / Re: Fashion Brands uses Blockchain Technology on: July 07, 2022, 01:17:52 PM
If they want to look elegant and modern, they can show it better on their designs. I think innovative is a better term to be used there if they are using a blockchain technology because it was still new and only a few industries or companies are currently applying it. Cryptos are not a secret anymore and those who are researching everything to cryptos will find out what blockchain is, so no it's that unknown to the society.
For example, a few months ago, NFT tokens were a hot title, so if a designer added them to his art collection, he might get a free promotion, so designers are looking for a trend and adding it to their art collection.
As for the blockchain, its use in aspects other than cryptocurrencies has not proven to be of great economic feasibility.

What I'm trying to say is that what's happening here is to follow the wave regardless of the nature of the technology.
3178  Alternate cryptocurrencies / Altcoin Discussion / Re: Search protocols for earning APY. quality protocols. on: July 06, 2022, 02:17:57 PM
You can get a higher APY from those coins that have small market capacities because they are looking for hot money for the continuity of the media machine they offer but the real question is about the value, will they have the same value? Meaning that we are in a bear market and the value of token/coin may drop significantly.

try to check binance they have too many of those staking offers.
3179  Economy / Economics / Re: Sensational Push For Cryptocurrencies As US Fed on: July 06, 2022, 02:06:32 PM
Personally, I do not expect the current administration of the US Federal Reserve to take any positive step with regard to Bitcoin, and therefore I do not expect a regulatory push or any direction for that.
I did not read the article, but it seems that we are talking about central CBDC, not Bitcoin.

The best we can see in this regard is Bitcoin ETF, who does not seem to be approved any time soon.
3180  Other / Meta / Re: Guest safety on: July 06, 2022, 01:57:53 PM
Let's try to divide the discussion into showing trust within the marketplace and boards outside the market:

The forum is for discussions, but showing negative trust may affect trust in someone's responses, and thus may give the wrong impression of trusting that person's responses.

Suppose that a hero's account (only make marketplace deals) has green trust and a reply to a technical post, then the guests will trust his reply than a newbie who gave the correct information.

As for not showing it in the marketplace, newbie needs to log in to communicate with @OP and trust Telegram or others without searching for the user, it is considered laziness, although I think it is better to show it.
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