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4761  Economy / Gambling discussion / Re: 🏈🏈 The American Football Discussion Thread 🏈🏈 on: November 20, 2020, 01:42:53 AM
My bets are Kyler Murray over the 287.5 passing yards and the game to go over 56.5 points. Everything based on the arguments in the thread that this might be a wake up game for the Seahawks and that their defense is pitiful hehehe.
4762  Bitcoin / Bitcoin Discussion / Re: China’s Miners Struggle to Pay Power Bills, Regulators Clamp Down on OTC Desks on: November 19, 2020, 04:19:00 AM
There is nothing strange in this news, if cryptocurrency trading has been banned in China for years, then OTC trading is not exempt from that either. For some reason, the Chinese authorities have only now decided to deal with such a way of selling BTC, thus making it clear to the miners that they are no longer desirable in the country.

I can agree with avikz that this may not be so bad, because there is a perception that there is too much Chinese influence on BTC mining anyway, and that we need more decentralization on that issue. Therefore, it is better for this to happen gradually than for some ban to happen overnight, which has always been an option - because there is no broad and lengthy debate under communism - they make decisions quickly and implement them even faster.

Agreed that this might only be a nuisance for Chinese miners in exchanging their coins to yuan. However, this also shows that it can become very concerning if your cryptocoin mining business depends on government regulated banks for the ability to pay electricity bills.
4763  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning on: November 19, 2020, 03:47:00 AM
https://twitter.com/etherchain_org/status/1327595731939627014

"Ethereum 2.0 Deposits

💸69,856 ETH has been deposited over the past 10 days.

👀A single address deposited 16,000 ETH (=500 validators)

🥧A single entity currently owns ~35%

454,432 ETH left for a launch on the 1st of December.
Projected launch January 31st, 2021."



Source:
Bitfly(C)
@etherchain_org






The Ethereum Foundation has also begun their new plan by giving grants to developers who are building staking pools and guides for Eth2.

How easy is for the foundation to hire their allies as those developers and give them those grants as payment? I speculate Vitalik and the Ethereum Foundation will certainly control more than 51% of the validators.
4764  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: November 19, 2020, 03:21:50 AM
IRS bounty for tracking Monero has already been claimed. But if you know any other one, let me know.

Who took the bounty and what results did they have for the IRS? Chainalysis? They are only good for tracing bitcoin transactions and other blockchains that are not private, similar to zcash and Dash.

They do not have the capability to hack, exploit or break the cryptography behind Monero's privacy.
4765  Economy / Speculation / Re: Bitcoin bullrun and correction period on: November 19, 2020, 02:33:38 AM
After the price crossed the 2013 ATH in early 2017, the bubble lasted for about a year.

We haven't even crossed the 2017 ATH yet. It's way too soon to be talking about the next bear market!

I speculate that there might never be a real correction period as long as Tether is driving this market to new a high.

iFinex might be printing the USDT, store it in their treasury and later loan them out to exchanges.

Ah, bbc.reporter and his Tether theories. Cheesy

People said that in 2017 too. Tether's market cap ballooned from $7 million to $2.2B during 2017. Nevertheless, the 2017 bubble still popped and BTC declined 84% less than a year later. What is different this time?

Hehehehe yes I watch to much movies. There can be some validity to what I say, however.

What would be different for the 2020s? People of iFinex, Tether  will print 10x more USDT, for longer durations, and loan them out for as long as the exchanges borrow more.

Also, they do this under no regulations.
4766  Economy / Gambling / Re: Cloudbet | Bitcoin Casino & Sportsbook | The No.1 Bitcoin Gambling Site on: November 18, 2020, 08:01:37 AM
@Ronnie. How about listing some cryptospace news events betting specials? I reckon there might be some funny bets like do you think Arthur Hayes will come out from hiding before December 25, 2021? and will Gerald Cotten be discovered alive before January 1, 2025? hehehe.

4767  Bitcoin / Bitcoin Discussion / China’s Miners Struggle to Pay Power Bills, Regulators Clamp Down on OTC Desks on: November 18, 2020, 06:02:09 AM
Posting this here instead of the press subforum for more awareness. I shall be following this closely and post more updates.

This is certainly another issue that might become more concerning. How the miners in China wish their electricity bills can be paid in bitcoin hehe.



As Chinese authorities make it harder than ever to exchange cryptocurrency into fiat, miners may be forced to move to other jurisdictions, local sources say.

On Monday, crypto industry blogger Colin Wu tweeted that miners in China have been struggling to pay for electricity after the authorities started cracking down on over-the-counter (OTC) brokers in the country.

The tweet notes that “74% of the miners surveyed told Wu that the payment of electricity bills has been greatly affected.”

It’s currently a “challenge” for Chinese miners to convert bitcoin (BTC, +6.10%) or tether (USDT, -0.08%) into yuan because “many people have had their bank accounts frozen when exchanging crypto for [renminbi] on OTC platforms,” said Thomas Heller, formerly global business director at the mining pool F2Pool and now chief operation officer of mining and media firm HASHR8.

In the meantime, some operators are unplugging their miners, Wu wrote in a blog post. “There are also miners who said that their mining machines have been shut down for a month because they cannot sell the cryptocurrency to pay the electricity bill.”

Some OTC companies that specialize on serving mining firms “have also terminated their business,” Wu wrote.


Read in full https://www.coindesk.com/chinese-miners-struggle-to-pay-for-electricity
4768  Economy / Service Discussion / Re: United States CFTC Charges BitMEX Owners! on: November 18, 2020, 04:58:02 AM
News update.

New lawsuits. Where is Arthur Hayes?

It appears that some speculations made on cryptospace exchanges as part of a global money laundering ring might be true.

I speculate another series of investigations and takedowns on Chinese and Eastern European exchanges. This time coordinated between different government task forces.



Beleaguered crypto derivatives exchange BitMEX and its founders are facing yet another lawsuit that alleges racketeering, money laundering, and market manipulation.

Păun Gabriel-Razvan, a resident of Bucuresti, Romania, filed the lawsuit in the Northern District Court of California on Friday. He alleges that HDR Global Trading Limited, the operator of BitMEX, the exchange's founders Arthur Hayes, Ben Delo, and Samuel Reed and others, engaged in and facilitated racketeering activities, "earning Defendants billions of dollars in illicit profits."

The complaint comes one month after a similar lawsuit was filed against BitMEX and founders by plaintiff Dmitry Dolgov, a resident of Moscow, Russia. Both Dolgov and Gabriel-Razvan are represented by the same attorney — Pavel Pogodin of Consensus Law.


Source https://www.theblockcrypto.com/post/84842/bitmex-yet-another-lawsuit-alleging-market-manipulation
4769  Economy / Speculation / Re: Bitcoin bullrun and correction period on: November 18, 2020, 04:35:18 AM
I speculate that there might never be a real correction period as long as Tether is driving this market to new a high.

iFinex might be printing the USDT, store it in their treasury and later loan them out to exchanges.
4770  Alternate cryptocurrencies / Altcoin Discussion / Re: DeFi hacks [history] on: November 17, 2020, 05:05:48 AM
The development teams from these Defi projects might not know how to cashout from their creation without making it appear that they are dumping. It would not be surprising if the hacks and the thefts on their projects were done by themselves as a form of exit scam.

In any case, another one was hacked.



Origin Protocol co-founder Matthew Liu on Monday night confirmed an attack on the Origin Dollar (OUSD) vault.

"The team is all-hands on deck attempting to figure out what vulnerability was exploited and how the hacker was able to access users’ deposits," he wrote.

Though the exact exploit—some form of flash attack—isn't yet known, the Origin team estimated $7 million—a combination of ETH and DAI stablecoin—had been taken


Source https://decrypt.co/48478/ethereum-based-origin-dollar-hacked-for-estimated-7-million
4771  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum 2.0 delays thread on: November 17, 2020, 04:28:10 AM
Will the Ethereum Foundation use their premine for this? This appears to be a centralization issue because the foundation can choose only their allies to become validators of the platform. Others are also in a disadvantage because they need to take the risk and buy ETH to become a validator.

Also, would Ethereum whales also take the risk of the one way conversion to ETH 2.0 coins?



The Ethereum Foundation is set to sponsor projects that are working within the Eth2 staking ecosystem.

To that end, the non-profit has invited teams and individuals, particularly those that are building Eth2 staking tools and guides, to apply for grants. The invitation is open until December 22 for all projects.

"The point of the program is to help contribute to the long term health of the Eth2 staking and validator community," said the foundation. "Ideas and projects at any stage of development are welcome: Idea phase; Proof of concept; Work in progress, and Fleshed out project."


Source https://www.theblockcrypto.com/linked/84695/ethereum-foundation-eth2-staking-grants
4772  Economy / Speculation / Re: The Big Short movie, BTC edition? on: November 17, 2020, 03:51:32 AM
I shake my head.

If there were direct dollars willing to provide liquidity for the cryptospace market, why do they need to go first through Tether and add more regulatory risk?



According to Tether’s official transparency data, the USDT market cap crossed a $17 billion mark for the first time, hitting over $17 billion in total assets.

Tether’s market cap has been growing exponentially in 2020. As of mid-September, Tether’s market cap had seen nearly a four-fold increase since the beginning of the year, surging above $15 billion from around $4 billion.

According to data from crypto analytics firm Messari, USDT saw a notable increase from August 2020 to date. As such, USDT added more than $5 billion in market cap over the past three months.

Tether (USDT), the largest stablecoin in the cryptocurrency market, is seeing a massive influx in its market capitalization, which is likely fueling the current Bitcoin (BTC) price rally.


Source https://cointelegraph.com/news/tether-market-cap-surpasses-17b-fueling-bitcoin-price-rally
4773  Economy / Speculation / Re: Bitcoin ETF by 2nd quarter of 2021? on: November 17, 2020, 03:15:07 AM
News update.

I reckon if cryptomom will be assigned as the Chairman of the SEC, it might be the begin the golden years of the cryptospace as a market for speculative investments, ETFs and as a market for innovation where democratic fundraisers are legal.



Jay Clayton, chairman of the U.S. Securities and Exchange Commission (SEC), is stepping down from the agency at the end of this year.

Clayton's departure comes months ahead of his scheduled release in June 2021. Clayton was sworn in as the SEC chairman in May 2017 after being appointed by President Donald Trump. Now that Joe Biden has been elected as the new U.S. President, it remains to be seen who replaces Clayton.

In the crypto community, Clayton is also known for his cautious stance on bitcoin exchange-traded funds (ETFs).

Several bitcoin ETFs were filed with the SEC for approval under Clayton's leadership, but none received the green light.

The crypto market could see some clarity around these issues if SEC Commissioner, Hester Peirce (aka Crypto Mom), replaces Clayton and takes the agency's helm.



Source https://www.theblockcrypto.com/post/84713/sec-chairman-jay-clayton-stepping-down
4774  Economy / Gambling discussion / Re: The UFC Info and Prediction Thread on: November 16, 2020, 03:47:07 AM
@Bttzed03. Agreed, however, he is 36 years old already. He might be thinking that he has no more time hehehe. He wants to retire with money and only spend time with family hehe.

This is Dana's responsibility. He is not paying his fighters the money that the fighters deserve.
4775  Economy / Gambling discussion / Re: The UFC Info and Prediction Thread on: November 16, 2020, 02:22:26 AM
I have been busy for almost 3 days now because of the recent typhoon that hit the Philippines, it just devasted my home and left with a muddy floor and muddy appliances so I haven't made a bet for UFC Fight Night Felder VS Dos Anjos,
It is sad to hear mate, the world is going through shit and on top of that a typhoon, not even sure what is going to hit next and when will the world go back to normal Undecided.

It was amazing main event and Felder showed he is having big heart, standing up five rounds with Dos Anjos, after only five days preparations.
He had great cardio and speed but he had no chance to win in this fight.
Felder was preparing for Triathlon and hence it is not a big surprise about his stamina but RDA had a good fight and called out Conor McGregor and even he responded and that is a fight i would like to see in 2021 because it was scheduled twice and unfortunately never happened.

Hehehe the reason for his move down back to lightweight is becoming clear from his statement. He is 36 years old and he wants to receive a $1 million retirement cheque which can only be earned by fighting Conor.
4776  Economy / Gambling discussion / Re: 🏈🏈 The American Football Discussion Thread 🏈🏈 on: November 16, 2020, 01:25:06 AM
@morvillz7z. Bad loss for the Bills. They were winning the game. Sad

In any case, NFL experts why is there only -7 handicap for the Ravens? There should be -10.5, I reckon.
4777  Economy / Gambling discussion / Re: [Boxing]: Kell Brook vs Terence Crawford November 14 on: November 16, 2020, 12:37:53 AM
It appears Kell Brook won the 1st and 2nd round, however, he cannot take Crawford's power hehe.

I reckon the best should fight the best. Why do the promoters do not want to create Errol Spence and Terrence Crawford superfight?
Maybe that's the next target ,Promoters are Looking for the Fight that would Lure bettors and Watchers ,they are gathering information on who's the In demand players and not just because they are good opponent in each division.

Promoters are for money and not for the Boxers nor fans.

Also, there was the controversial decision of no contest on Franco versus Molony because according to the referee, Andrew Molony removed his head, attached it on has left glove and used that to hammer on Franco's left eye hehehehe.
In Boxing ring it is the Referee is the Law anything he says while in the ring will be decided so if the call is legit?then Molony Must be given sanction for this behavior.

I was clearly making joke in my post and if you watched the fight or read the news, there was no headbutt in any of the replays. The referee is corrupt and Moloney has been stolen of a championship. This is a big shame for the sport of boxing.
4778  Economy / Gambling discussion / Re: [Boxing]: Kell Brook vs Terence Crawford November 14 on: November 15, 2020, 06:15:47 AM
Also, there was the controversial decision of no contest on Franco versus Molony because according to the referee, Andrew Molony removed his head, attached it on has left glove and used that to hammer on Franco's left eye hehehehe.
4779  Economy / Gambling discussion / Re: [Boxing]: Kell Brook vs Terence Crawford November 14 on: November 15, 2020, 05:19:59 AM
It appears Kell Brook won the 1st and 2nd round, however, he cannot take Crawford's power hehe.

I reckon the best should fight the best. Why do the promoters do not want to create Errol Spence and Terrence Crawford superfight?
4780  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Gold Cannot Coexist, Says MicroStrategy CEO on: November 15, 2020, 05:06:18 AM
@gentlemand. Are you telling everyone that is how you see bitcoin maximalists hehehe? Many of them in social media are larpers similar to the XRPArmy..
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