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1  Alternate cryptocurrencies / Altcoin Discussion / Why is the value of USDT less than one dollar? on: June 09, 2022, 03:19:14 PM
If we look at the chart of USDT/USD, we will find that the price has always been above one dollar (1.0002~1.0007) or equal to one dollar, but since what happened a month ago and we are still slightly less than one dollar, does anyone know the reason?

Source CMC

What has changed so that the price of USDT stablecoin is less than one dollar and continues to be for about a month?
2  Economy / Economics / Is Bitcoin is too volatile? Bitcoin VS Netflix, Apple, FB, PayPal, ..etc on: April 29, 2022, 02:00:02 PM
 People say "Don’t invest in Bitcoin, it is too volatile!" but is this saying true?
I will quote you some parts of this article in which the volatility of Bitcoin was compared with some stocks.

 Source --->

Before start lets define:

 - A drawdown is the correction period that happens between two consecutive all-time high.
 - The size of a drawdown is the distance in percentage between the all-time high and the lowest point of the correction.
 - The duration of a drawdown is the number of days it took for the asset to make a new all-time high.

Honestly the patterns aren’t so different. Yes, for shorter durations Bitcoin tends to see larger dips (the orange points tend to be below the blue points). But that’s not necessarily a bad thing. Basically that tells us that Bitcoin can recover faster from those kind of drops.

And how many times have commentators declared Bitcoin dead after a -70% correction? Well a stock like Netflix has a bunch of these too. Still they survived until now (that’s 20 years).

Damn! In its long history Apple has had a bunch of very significant drawdowns often taking longer than Bitcoin to recover from dips of similar size.

Source and Readmore ---->
3  Economy / Service Discussion / Kraken has lowered Bitcoin Lightning withdrawal fee to ZERO on: April 29, 2022, 12:33:18 PM
To accelerate financial inclusion, Kraken has lowered the withdrawal fee for #bitcoin over Lightning to zero.

Thank you for your feedback!

Source --->

they still have low on-chain withdrawal fees which is about $19.40 or 0.0005 BTC compared to AVERAGE $18.20 or 0.0004691 BTC

What do you think of the impact of this decision on the Lightning Network adoption (if many platforms follow the same approach) and on altcoins that have low withdrawal rates or blockchain with low fees.
4  Bitcoin / Bitcoin Discussion / Dormant Address Containing 100 BTC Activated After 12.4 Years When BTC Was $0.08 on: April 07, 2022, 11:14:34 AM


Source @whale_alert Twitter account.

A 50 million percent gain. At the time around 2010, Bitcoin value was about $0.08 which worth more than 53.7M at 43k levels
5  Other / Archival / Bitcoin LN ecosystem as of March 2022, made by Arcane Research on: April 06, 2022, 08:44:15 AM
6  Economy / Economics / US yield curve re-inverts on: April 02, 2022, 11:52:49 AM
Signs that the global economy may be stagnating continue to appear. The two-year US Treasury yield is 2.462 percent with strong job growth for March over the 10-year (2.37 percent) and 30-year yield (2.435 percent), which indicates Monetary policy is too tight.

This reversal comes after the worst first quarter for Treasuries, which means that central banks are tightening monetary policy to curb the rise in inflation.

IMage source --->
7  Economy / Exchanges / Binance unverified account on: March 30, 2022, 11:10:48 AM
As we know, Binance imposed KYC verification a while ago[1], I have been using their services, and since I read about KYC news, I have withdrawn all my funds from that platform and have not logged in.

Today, I logged in to that account and I was surprised that I can still trade, even withdraw but the withdrawal limit is about 4000 dollars, I did not try any of the trading pairs because I have no balance and I did not deposit, but did I miss something? Can unverified members still trading and withdraw funds?  Huh Huh

[1] Binance lost 3 percent of its customers, due to KYC
8  Bitcoin / Legal / BIDEN TO SIGN BITCOIN, CRYPTO EXECUTIVE ORDER THIS WEEK on: March 09, 2022, 07:46:15 AM
President Joe Biden is set to sign an executive order this week that will outline the U.S. government’s strategy for cryptocurrencies, according to people familiar with the administration’s plans.

“The executive order, which has been in the works since last year, will require federal agencies across the government to report later this year what they’re doing regarding digital tokens,” per the report. “The plan is expected to begin carving out roles for agencies across the government, from the State Department to the Commerce Department.”

Regulatory efforts would also involve the Treasury Department, National Economic Council, Council of Economic Advisers, and the White House National Security Council.

Source --->

Do you think that such legislation will give the green light (if not now, in the future) to the legislative basis that needs to be approved for the ETF?
Can anyone give us more details?
9  Economy / Service Discussion / Steam removed bitcoin because half of transactions were fraudulent on: March 02, 2022, 01:07:02 PM
Steam wasn't on the Bitcoin train for long. Bitcoin was introduced as a payment method on Steam in April 2016 and removed in December 2017 due to the volatility of Bitcoin's price and "a significant increase in the fees to process transactions on the Bitcoin network,"

"The problem is that a lot of the actors who are in that space are not people you want interacting with your customers," Newell said. "We had problems when we started accepting cryptocurrencies as a payment option. 50% of those transactions were fraudulent, which is a mind-boggling number. These were customers we didn't want to have."

Newell reiterated that Bitcoin's fluctuations were "a complete nightmare"—people weren't happy when a game could cost $10 one day and $100 the next.

Source -->

In the end he concluded by saying that it is not something we want to do, but we are forced because we do not want to enable the corruption of large numbers of our customers Huh It's the weirdest excuse to stop accepting bitcoin, even stranger than environmental and sustainability issues.
10  Bitcoin / Legal / EU Lawmakers Drop Bitcoin 'Ban' From Draft of Crypto Regulations on: March 02, 2022, 11:42:56 AM
European Union lawmakers have scrapped a section of a pending bill that could have made it illegal for crypto services to deal in coins based on proof-of-work

The Markets in Crypto Assets (MiCA) bill, put to the European Parliament by a coalition spearheaded by Stefan Berger, was set for a vote on Monday, February 28. But it was delayed late last week after many in parliament objected to a paragraph regarding proof of work.

Berger confirmed today that paragraph 61 (9c) of the bill has been removed altogether, though the vote has yet to be rescheduled.

Source --->

MiCA has the potential to reshape the adoption of cryptocurrency in Europe and the concern of regulators appears to be that these digital currencies must meet 'minimum environmental sustainability criteria' by 2025.

In general, with all the current economic problems, will we hear of a "ban" of Bitcoin soon? At least in European countries?
11  Bitcoin / Legal / Russian gov agreed to regulate crypto like currencies, not not assets on: February 09, 2022, 01:49:03 PM
From this newspaper that is nationally distributed in Russia:

The Russian government and the Bank of Russia have agreed to regulate cryptocurrencies like currencies, not assets

before February 18, they will prepare a draft law on the circulation of digital currencies in the Russian Federation, in which cryptocurrencies are recognized as an analogue of currencies, and not digital financial assets (DFA).

Their circulation in the legal sector will be possible only with full identification, through the banking system or licensed intermediaries. Operations equivalent to more than 600 thousand rubles must be declared, transactions outside the legal sector for such amounts will become a criminal offense and an aggravating circumstance under the Criminal Code, fines will be introduced for the illegal acceptance of cryptocurrencies as a means of payment. Mining and related issues of DFA are not affected by the concept within which the project is being prepared.

The government, after meetings with Deputy Prime Minister, Chief of Staff of the White House Dmitry Grigorenko, published the approved "Concept for regulating the mechanisms for organizing the circulation of digital currencies."

The details of the "transition period", as well as mining, are not discussed by the concept.

Source and read more -->

Sorry, I did not quote the text above, but the topic published by u/dimitrisnikolaou is worth reading, so I advise you to visit the link for more details.

It seems that what is happening here is huge and bigger than El Salvador's adoption of bitcoin as a currency, people still need to KYC but that may not include HODLING (buying bitcoin and not using it for several years)
12  Bitcoin / Legal / Coinbase and TurboTax Offer Tax Refunds in Bitcoin on: February 04, 2022, 07:31:41 AM
Starting this year, crypto diehards can receive their refunds in the form of Bitcoin or other cryptocurrencies thanks to a new arrangement between Coinbase and TurboTax.

If you file through TurboTax, you can get your refund directed to a Coinbase account.

On Thursday, the company started a direct deposit program[1] with the software company TurboTax to send state and federal tax refunds to Coinbase accounts, with the option to automatically convert dollars into cryptocurrency, the DealBook newsletter reports.

“We’ve seen a rise in alternative investments, in a new class of investors beyond just high-income earners,” said Randy Hellman of TurboTax’s investor segment.


It looks like Coinbase has become compatible with a lot of government financial services and they may be using them if there is a trend for future adoption, which is a good thing against Binance.

13  Local / العربية (Arabic) / بوتات التداول on: February 01, 2022, 05:34:15 PM
السلام عليكم ورحمه الله وبركاته

اود سؤالكم عن بوتات التداول هل قام احدكم بتجريبها او لديه خبرة بذلك؟ علي المنصات المركزية او الامركزية؟

شخصيا تجربتي مع التداول بسيطة للغاية فانا لدي رصيد من العملات المستقرة, البيتكوين, الايثر, وعندما ينخفض احدى هذه الازواج اقوم بالشراء من الرصيد الاخر وهكذا.
ما يتولد من ارباح من هذه الطريقة اقوم باضافة نصفه الي راس المال والباقي الاستثمار به في احدى العملات البديلة الاخرى لذلك فاغلب اوامر التداول لدى اقوم بتنفيذها يدويا عندما يكون لدى بعض الوقت او عندما تحدث تقلبات شديدة.

انا الان انوى تجريب بعض بوتات التداول ولكنني اركز بشكل اساسي علي زوج البيتكوين والايثر, فهل لدى احدكم اي خبرة بهذا الزوج تحديدا وببوتات التداول علي العموم؟

اما عن المنصه فانا اقوم بالتداول بشكل اساسي علي او كي اكس او كيوكوين (لا اعتقد انني ساتمكن من التداول علي بيناس بسبب التحقق من الهويه)
يُفضل ان يكون البوت مفتوح المصدر او مجانيا ولكن ليست لدى مشكلة في الدفع طالما كان البوت ذا تقييم جيد وهناك شروحات كثيرة له والاهم تجاربكم معه
14  Economy / Trading Discussion / BTC/ETH trading pair Bot on: February 01, 2022, 05:19:33 PM
I have been trading BTC/ETH manually for a long time and the method is simple:

 - I have a balance of BTC and ETH.
 - When one goes down, buy the other.
 - Sell ​​the amount of capital and keep the profits.
 - redo it.

Now I would like to try some bots that do this, it's my first time trying trading BOTS so I prefer:

 - Well-reviewed bot: any bot has a good rating and a wide usage among users.
 - Open source: If it is open source, it is better, but I have no problem with paid bots.
 - User experiences: want to know more personal experiences, has anyone traded this pair trading?
 - Platforms: I focus mainly on Kucoin, Okex.
 - YouTube tutorials: if there are some videos its better.

Does any one have a good experience with this?
15  Bitcoin / Bitcoin Discussion / [Update] IMF urges El Salvador to remove Bitcoin as legal tender on: January 25, 2022, 07:36:15 PM
#BREAKING IMF urges El Salvador to remove Bitcoin as legal tender
Source -->

I don't want to be pessimistic but still El Salvador wasn't ready to adopt Bitcoin, now with the price dropping and the pressure mounting, do you think El Salvador is ready to continue to adopt Bitcoin as legal tender?

Let's see how the price will also react to more negative news. Grin

UPDATE:  El Salvador Rejects IMF Call to Abandon Bitcoin as Legal Tender

El Salvador has rejected the recommendation by the International Monetary Fund (IMF) to drop bitcoin as legal tender. The country’s finance minister reportedly “angrily” said, “No international organization is going to make us do anything, anything at all.

According to its analysis, “In the near-term the actual costs of implementing Chivo and operationalizing the Bitcoin law exceed potential benefits,” the IMF stated in its recent report on El Salvador.

The International Monetary Fund also recommended that El Salvador’s government start charging fees for the use of its digital wallet, Chivo. In addition, the IMF wants the Salvadoran government to stop giving away $30 in bitcoin to anyone signing up to use the Chivo wallet.

Source and more --->

So, the government's position was strongly rejecting, with the IMF warning to interfere in the internal financial affairs of the state, to see how opinions will be in the future, especially since the government's position is very bold with regard to Bitcoin.
16  Bitcoin / Legal / Bitcoin Illegal in Nepal? on: January 22, 2022, 06:32:13 AM
Police have arrested several people on charges of trading cryptocurrency against the rules of the country's central bank.

This time three people were arrested. The police said:

The arrested have been identified as Rajan Bhattarai, 21, of Parbat, Bishal Shrestha, 25, of Sunsari and Dipen Raj Shrestha, 27, of Kathmandu.

Acting on a tip-off, a special team deployed from Metropolitan Crime Division nabbed them from Minbhawan, Kathmandu, on Thursday.

Police said that Bhattarai has so far carried out 1,926 transactions of crypto-coins, including Bitcoin, with 975 people resulting in a turnover of Rs 2.6 million. Likewise, the other two were also involved in crypto trading.

police have urged all and sundry not to engage in crypto trading as it is illegal in the country.

Source -->

This is not the first time that I have read about people being arrested in Nepal for using Bitcoin. In 2017:

On October 6, 2017, a task-force from the CIB arrested seven suspects allegedly involved with running “bitcoin exchange” operations. The CIB explains that the operators violated the order of the National Bank of Nepal that stated until regulations are conceived bitcoin, and other cryptocurrency exchange businesses are “illegal.”

Source --->

I don't know what the penalty period they will be sent to, but it seems that Nepal seriously considers cryptocurrency trading illegal.
17  Economy / Service Discussion / Block’s Cash App Is Finally Integrating the Lightning Network on: January 19, 2022, 06:39:03 AM
Almost three years ago, Block CEO Jack Dorsey said

“We don’t think it stops at buying and selling [bitcoin]. We do want to help make happen the currency aspect.”
there were plans underway to integrate the scaling technology with Square’s Cash App.

 - The Lightning integration is made possible by the Lightning Development Kit created by Spiral[1], which is funded by Block.
 - Cash App customers will also be able to send bitcoin to any compatible wallet that accepts Lightning Network payments.

Read more and source -->

18  Bitcoin / Legal / 3-party payment processors need to report transactions more than $600 to the IRS on: January 07, 2022, 07:05:43 AM
The new ruling specifically targets businesses that accept payments through Venmo and other that don't report income on their.
Third-party payment processors as Venmo, PayPal and the Cash App will now have to report transactions totaling more than $600 to the IRS.

Previously, these services were required to submit 1099-K forms[1] to users if their total income exceeded $20,000 or they had more than 200 transactions per year.

Beginning Jan. 1, 2022, third-party payment processors were required to  report such transactions. Though businesses were always required to self-report such incomes to the IRS, many often did not keep record of their smaller transactions.

The new rule is only for goods and services transactions, not personal, such as paying a roommate for rent or reimbursing a friend. It also excludes anyone selling a personal item at a loss, such as a couch bought for $700 and sold for $650.

The new tax rule is separate from a proposed IRS reporting requirement that originally would have handed over transaction data on accounts with more than $600 aggregate inflow and outflow. That proposal, originally part of President Biden's Build Back Better plan, was raised to a $10,000 threshold after much pushback, and has not yet been acted on by Congress.

Source --->

19  Bitcoin / Bitcoin Discussion / Michael Saylor and bitcoin on: January 06, 2022, 06:28:41 AM
Recently, I have been seeing many videos of Michael Saylor[1][2][3] speaking positively about Bitcoin and giving a lot of optimistic analyzes.

So for someone who is a newbie, would you recommend that I send him Michael's videos to explain the economic side of Bitcoin or convince him to invest or will it lead to over-optimism that might end up with my friend losing some money?

In short, the topic talks about Michael's recent analyzes/tweets and how serious it is taken for the average joe.

20  Economy / Service Discussion / Airbnb To Implement Crypto Payments on: January 05, 2022, 01:55:58 PM
Back on Monday, Chesky (Airbnb’s CEO Brian Chesky) asked its users what Airbnb should launch for 2022. He received 4000 submissions from users.
He received 4000 submissions from users.

Got 4,000 suggestions. Here are the top 6:

1 – Crypto payments (top suggestion)
2 – Clear pricing displays
3 – Guest loyalty program
4 – Updated cleaning fees
5 – More long-term stays & discounts
6 – Better customer service

Source  --->

Chesky says[1] he is open to a variety of crypto token ideas. This means Airbnb will not be limiting payments to just Bitcoin.

Airbnb had a payment volume of $336 billion since 2013. Currently, the serice accepts Visa, MasterCard, PayPal, Apple Pay, and Google Pay.

Source --->

It's not the first time Airbnb has talked about cryptocurrency, but I'm starting to see that most companies looking to build and upgrade their systems have some kind of attitude toward accepting cryptocurrency payments.

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