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1541  Economy / Exchanges / Re: Binance - where is it located? on: March 02, 2023, 07:28:48 AM
I suppose not much has changed after all these years. I remember years ago CZ was interviewed and he also said something like they're everywhere. In other words, they don't have a base or a headquarter. I suppose much of their employees are scattered across the world working on a remote basis. But I guess they have registered offices in different countries. Official and legal communications could use their addresses. Not to mention that other Binance entities have their own headquarters.

I also remember the interview. If I remember it correctly, he also implied that Binance smartchain will very much be a big part of Binance's progression to become a more decentralized exchange where their jurisdiction might be will not be very important.

Regardless of what CZ says, it seems to me that the headquarters of the company is in the headquarters of CP China in the sense that the boss will run there if things go downhill. If you look at it from that perspective, then CZ runs a perfect global business, and its HQ can be wherever it comes to mind.


I very much agree. Similar to Justin Sun, the future king of the cryptospace, CZ also has very poweful backers from China.
1542  Economy / Speculation / Re: Price guess for March on: March 02, 2023, 06:21:00 AM
Even though most people can expect bitcoin price to increase during March, but please don't ignore this one.

I read the news that The Block posted a while ago, and may soon change some perspective on the potential March price. Only I don't expect it to be FUD, but of course the market will be affected by it.

Here's the news: Mt. Gox creditors may finally start seeing their bitcoins this month

Quote
Mt. Gox creditors may start seeing their first bitcoin payments this month as the window for repayments is set to open.

Creditors are expected to receive early repayments from March 10 onward, while the deadline for such payments to be completed is September 30, according to a January statement. This is for the first tranche of repayments — including early lump sum payments and intermediate payments — with further amounts set to come later.

“Well, for myself, I had pretty much written off the Bitcoin I still had on Mt. Gox in 2014 as a loss, so philosophically anything I get back now is a bonus to cold store,” said Blockstream CEO Adam Back, who is a Mt. Gox creditor, via Telegram.

“It has stretched on for many more years than anyone expected, and so it will be welcome I am sure by any creditors to finally get paid,” he added.

If the news is not FUD, the skeptical me is also thinking that because of the timing of MtGox repayments, there might be people who want the market to dump. This is also not the only bad timing. Ethereum's Shanghai update will be on March also. It would be head shaking if they will be scheduled only 1 week apart hehehe.



Ether’s (ETH) price action is expected to be “cautious” until the Ethereum blockchain’s Shanghai upgrade, due later this month, as the market is concerned about a supply overhang, Bernstein said in a research report Wednesday.

The Shanghai fork will allow ether that has been staked and is now locked to be withdrawn for the first time.


Source https://www.coindesk.com/markets/2023/03/01/ether-supply-impact-from-the-shanghai-upgrade-is-limited-bernstein/
1543  Bitcoin / Press / Re: [2023-02-12] Daily Raids on Crypto Farms as Abkhazia Intensifies Mining Crackdow on: March 02, 2023, 05:01:30 AM
Btw being winter aren't miners having a by product which is helping to keep their homes/houses warm so how is this a problem?? Besides, this is not a free service they are getting, they pay for this electricity.

I shake my head whenever I hear this type of argument from the community. This is not very much similar to a house heater that you can control which part if the house is heated and control the temperature with a switch. The heat also cannot be collected and directed to be used over a large scale to make it a serviceable solution.

Also, I speculate that the power companies would like to take advantage of the demand, however, the regulators are the problem. This will only cause miners to mine illegally or make some under the table deals with lawless minded people from the power companies.
1544  Bitcoin / Bitcoin Discussion / Re: On Ordinals: Where do you stand? on: March 02, 2023, 04:12:22 AM
Inscriptions, also known as digital artifacts, are created when a file, such as an art image like those created for TwelveFold, is written (or inscribed into) units of Bitcoin called satoshis, the smallest individually identifiable units of Bitcoin.[/i]

Source https://www.theblock.co/post/215504/yuga-labs-drops-bitcoin-based-nft-collection-twelvefold

and thats the silly stuff that needs correcting..
they are not wrote into satoshis. they are placed as dead weight data into the witness area which is separate to the value stuff.
and when value is spent the next tx has no references in a spending tx that even references the dead weight data.

when/if the silly ordinals go bad and/or casey changes his algo to change which output he deemed is owner. and people are left realising they overpaid for something they have no claim over.. they will say bitcoin cheated them

I do not quite understand how trading NFTs will work in ordinals. How is trading possible in ordswap.io if there are no references to the artwork or the data? You appear to be telling everyone that people might lose their NFTs, however, trading has begun without complaints from the people.

https://ordswap.io/

In any case, there are many bitcoiners in social media that say NFTs in bitcoin are dead but it might only be the beginning, I reckon. We cannot be certain where this will stop. It can be argued that it might bring more adoption on bitcoin.
1545  Economy / Gambling discussion / Re: 🏈🏈 The American Football Discussion Thread 🏈🏈 on: March 01, 2023, 05:30:21 AM
Does the Falcons have the money to give Lamar a contract for 5 years that is fully guaranteed very much similar to Massage Watson's contract with the Browns?

Also, the article mentioned that it will also open a window for the superbowl for the Falcons if they can trade for Lamar? Is this real? I am shaking my head. The Dolphins might have a bigger window for the superbowl with Lamar, I reckon.



The Falcons would probably sell the farm for Lamar Jackson

While Falcons owner Arthur Blank has hyped up quarterback Desmond Ridder’s leadership abilities and liked his four-game sample, don’t kid yourself. If Jackson is available for trade, the Falcons will probably move heaven and Earth to make that happen. Blank has been a mostly reliable owner throughout his tenure (the Deshaun Watson saga notwithstanding), but he’s never gotten his team the Lombardi. Sure, they came close, but horseshoes and hand grenades, etc.

The prevailing wisdom around the situation is that the Falcons surely wouldn’t give up a mountain of draft picks and sacrifice the cap for even a player of Jackson’s talent given the recent issues.

But, c’mon, of course they would.

Jackson is quite literally everything a franchise like Atlanta covets: a marquee player at the game’s most important position who will open a Super Bowl window, sell a ridiculous amount of jerseys, fill the empty seats that have plagued Mercedes-Benz Stadium for years and get people actually talking about the Falcons again.


Source https://www.thefalcoholic.com/2023/2/28/23613620/the-falcons-would-probably-sell-the-farm-for-lamar-jackson
1546  Economy / Gambling discussion / Re: 2023 Oscar Awards betting and discussions on: March 01, 2023, 04:48:25 AM
@Betwrong. Why are you not sharing this? We also like to win some cryptocoins like you hehehehe. From the odds you are showing everyone, did you place your bet before this thread was created? The odds for Everything Everywhere was 2.50 in coinplay.com and it was 3.50 in sportsbet.io when I created this thread.

I reckon the last chance of All Quiet is on March 7. If odds do not reduce to 5.00, I reckon Everything Everywhere is a certainty to win the award for the best movie and the Hollywood agenda is not antiwar hehe.
1547  Economy / Exchanges / Re: Coinbase to Suspend Binance USD (BUSD) Trading on: March 01, 2023, 03:24:45 AM
Unfortunately it's not enough to destroy Binance because BUSD traded in Coinbase is really small, it's only 0.01% in the last 24 hours volume [1] BUSD are mostly used in Binance and the most important thing BUSD is an unofficial stable coin in Binance, because it was issued by Paxos, not from Binance.

There's a news where Binance have minted 50 Millions TrueUSD (TUSD) [2], so my prediction TUSD will replace BUSD in the future. If everyone else still holding BUSD, it's better to convert it to other stable coin.


[1] https://www.coingecko.com/en/coins/binance-usd#markets
[2] https://blockchair.com/news/binance-mints-50m-trueusd-days-after-paxos-ordered-stop-issuing-busd--c58940db66

Agreed, however, this is not about the amount of liquidity of BUSD in the exchange. This is about the recognition of trust on BUSD. Coinbase made it appear to everyone in the cryptospace that BUSD is not trustworthy. Look at the market capitalization of BUSD. It is down $5 billion since announcement from Paxos. Tether is up $4 billion and USDC is up $1 billion hehehe. The whales from the cryptospace think Tether is the most trustworthy stablecoin?
1548  Economy / Exchanges / Re: Is the Binance the next to bite the dust or FUD? on: March 01, 2023, 02:01:45 AM
The next stage might be during the trial of Sam later this year where some witnesses will be put on the stand to speak about what CZ did on FTT without giving the whole information on why CZ liquidated their position on FTT.

Is CZ/Binance even required to disclose why they liquidated their FTT position? They're investors in the FTT token, and they have every right to sell it as long as it's already vested (which it already was) without the need to disclose the reason as Binance is a private company anyway.

I was not implying that CZ would be called on the witness stand. I was speculating that it would be some FTX employees would be given time to speak during the trial as witnesses to tell the whole story. People in the cryptospace already know it was CZ that triggered the liquidity cascade on FTX's leveraged positions backed by FTT as collateral. However this might be big news for people from the mainstream. An occurence worthy for a movie about hustlers and scammers hehehehe.

In any case, if CZ was called on the witness stand, I reckon he would be forced to tell the truth and nothing but the truth. I am not certain if he can hide behind nondisclosure agreements or invoke his right to privacy in court.
1549  Economy / Gambling discussion / Re: 2023 Oscar Awards betting and discussions on: February 28, 2023, 03:17:01 AM
It appears the effect of All Quiet's victory in Bafta might be starting to disappear hehe. The odds for the movie is presently sitting on 10.00 from where I have placed my bet in coinplay.com on 7.42.

If on March 7 there are no more changes on the odds, I will accept reality and accept that Everything, Everywhere All At Once will be the winner for the best picture.

https://coinplay.com/line/tv-games/2434063-academy-awards-2023/159565631-academy-awards-2023-best-picture-winner
1550  Bitcoin / Bitcoin Discussion / Re: On Ordinals: Where do you stand? on: February 28, 2023, 02:19:23 AM
Good news for NFT lovers, bad news for NFT haters. Yuga Labs, the creator of Bored Apes Yacht Club and who also owns the rights for other bluechip NFTs has launched Twelvefold NFT collection in the bitcoin blockchain. I am not quite certain when an exchange for NFTs similar to opensea.io will be created for bitcoin NFTs, however, I am quite certain Twelvefold will by very popular for the NFTspace.



Yuga Labs, the creator of the Bored Ape Yacht Club, announced the release of a new bitcoin-based NFT collection called TwelveFold.

The collection will consist of 300 generative art pieces inscribed onto satoshis on the Bitcoin blockchain.

Inscriptions, also known as digital artifacts, are created when a file, such as an art image like those created for TwelveFold, is written (or inscribed into) units of Bitcoin called satoshis, the smallest individually identifiable units of Bitcoin.


Source https://www.theblock.co/post/215504/yuga-labs-drops-bitcoin-based-nft-collection-twelvefold
1551  Economy / Exchanges / Coinbase to Suspend Binance USD (BUSD) Trading on: February 28, 2023, 01:31:35 AM
The SEC, the American media and Binance's competitors from America. It appears Changpeng Zhao might have a very challenging year for 2023. I reckon he should ask for some business maneuvering advice from Paolo Ardoino of Tether on how to avoid a government takedown, how to manage media attacks and how to manage stress hehehe.

Also, CZ should start asking for assistance from his backers from China.



Coinbase has recently announced in one of their recent tweets that the exchange is planning to suspend the trading of Binance USD (BUSD). The exchange mentioned that trading will be suspended on March 13, 2023, at or around 12:00 p.m. EST.

The exact reason for the delisting has not been mentioned. However, Coinbase stated that they regularly monitored the assets on the exchange to ensure they met the listing standards.

Binance and BUSD are going through a tough time due to increased SEC scrutiny of stablecoin issuer Paxos. Paxos was asked to stop issuing BUSD, and the stablecoin started slipping away from its peg. However, at press time, the BUSD has regained its peg. There has also been a drop in the market cap for BUSD recently due to ongoing issues.


Read in full https://watcher.guru/news/coinbase-to-suspend-binance-usd-busd-trading
1552  Economy / Exchanges / Is the Binance the next to bite the dust or FUD? on: February 28, 2023, 12:53:26 AM
For the skeptical me, this paywalled article appears for me that American media has begun to publish the first stage of their after FTX fud campaign against CZ and Binance hehehe. The next stage might be during the trial of Sam later this year where some witnesses will be put on the stand to speak about what CZ did on FTT without giving the whole information on why CZ liquidated their position on FTT.



Binance’s Asset Shuffling Eerily Similar To Maneuvers By FTX

When you’re the world’s largest crypto exchange in a largely unregulated market, it is easy to make up the rules as you go. In its latest backroom maneuver, Binance transferred $1.8 billion in stablecoin collateral to hedge funds, including Alameda and Cumberland/DRW, leaving its other investors exposed.


Source https://www.forbes.com/sites/javierpaz/2023/02/27/binances-asset-shuffling-eerily-similar-to-maneuvers-by-ftx/



However, this article with more information makes me shake my head. Is this media attack by Forbes real or fud?



Forbes, yet again, investigated the on-chain activities of Binance and discovered that the exchange transferred $1.78 billion in users’ funds to various hedge funds. The article reveals that the Changpeng Zhao-led exchange completely emptied its collateral for B-peg USDC without reducing its supply.

Binance issues a B-token to facilitate the usage of other blockchain tokens in the BNB chain. The exchange is supposed to issue B-token only after storing 100% collateral of the original token. For example, for every 100 B-USDC, it must have 100 USDC as collateral.

However, the exchange broke its rules on Aug. 17, withdrawing $3.63 billion from its peg wallet to the “Binance 8” cold wallet. It then returned $1.85 billion to the peg wallet but transferred the remaining $1.78 billion to a Binance 14 cold wallet. Later, the exchange distributed the funds to a trading firm, Cumberland, Amber Group, Alameda Research, and TRON founder Justin Sun.

When Binance withdrew $1.78 billion USDC on Aug. 17, it did not decrease the supply of the B-USDC. The collateral fell to zero, and the exchange did not correct it for four months.

The article also states that B-USDC was deficient by over $1 billion on three different occasions. Forbes believes Binance is misusing customers’ funds, similar to the bankrupt exchange FTX.


Source https://beincrypto.com/binance-misusing-customers-funds/
1553  Economy / Gambling discussion / Re: [Boxing] Jake Paul vs Tommy Fury - February 26 in Saudi Arabia on: February 27, 2023, 03:08:55 AM
@Baofeng. Yes and very much similar to the ICOs in the cryptospace, they will create another storyline to again make the fans very intruiged and they will certainly be buying tickets and payperviews hehehe. This will be declared the Paul-Fury trilogy. I am not quite certain if this will be the type of fights that will put the sport of boxing forward, however. I reckon the fans should be more demanding of the best boxers to challenge each other like Crawford vs. Spence.
1554  Economy / Gambling discussion / Re: Boxing Speculation, Odds and Predictions on: February 27, 2023, 02:45:35 AM

I encountered a Facebook post from the sports page that John Riel Casimero is now ranked #5 in the Super Bantamweight in WBO.

But checking the current rankings, he is still not ranked by the WBO and still, only WBC ranked him. I don't know if that's just a made-up article lol.

I would be happy if that happened since Casimero is now getting an inch closer to a possible title match.
With so many fights that will happen this year, I am sure his rank will go higher as they are all focused on defeating Inoue. New blood, they may want to have a taste of him.
Luis Nery didn't waste the opportunity to go up the ladder and defeated Azat Hovhannisyan in a TKO and now he is getting near the tile.
Casimero, as I checked my favorite rankings website is just below them.
Very soon he will be up against the top contenders and a possibility for his aim to fight Inoue or getting back his championship title.
That's interesting, if given a chance Casimero will not waste any to bring his name back on top, though it's a new division but the good thing here is he might have that chance to fight Inoue, if both will continue to win on their respective upcoming fights the chance that we might see negotiations between both camps is very possible.

Patience is a virtue here. If we hope to see that time will come for both of them inside the same ring, it's really something that might take place.

This move to a higher weight division will be good for Casimero because he had problems in weight cutting before in bantamweight. However, he might wait for a very long time before he can get his opportunity to challenge the monster hehehe. Inoue has his ambition to unify the championships of the super bantamweight division and be the first fighter to do it. This implies that if he is the winner against Fulton he will accept the rematch then he will challenge Akhmadaliev for the unification. It also implies that also this fight will also have a rematch clause.

Casimero should also first prove himself by challenging Fulton or Akhmadaliev if they lose twice each against Inoue. The problem however is Inoue might go higher again to featherweight.

He should forget about the monster Inoue though, he had his chance but he blew it already. The first thing that he should do is to capture a belt here. He is now on good position as he bolster and go to rank 5 in the WBO.

Let Fulton vs Inoue fight each other, and then fight the next highest rank that is available to him.

Probably just 2 fights and he will be in for a world title again, regardless of how it is.

Agreed. Casimero has nothing to offer Inoue except if he is holding a super bantamweight championship. However, you mentioned that he is ranked 5 in WBO. Stephen Fulton is the champion of the WBO super bantamweight division and Fulton is scheduled to fight Inoue already. I reckon he should challenge someone with a high ranking in WBA or IBF then challenge Murodjon Akhmadaliev the WBA and IBF super bantamweight champion hehe.
1555  Bitcoin / Bitcoin Discussion / Re: What If There Is A Ban on: February 27, 2023, 01:07:42 AM


This is an old meme. But, Whenever I see this one. I laugh at crypto bans. Surely there will be some panic in the market, which will also affect the market. But Hey, You are in 2023. The government is nothing without you. Bitcoin is spreading day by day, and people understand its benefits. If big countries ban Bitcoin, I don't think every country will follow them. Others will try to get benefit from it. China banned Bitcoin and mining plenty of times. Still, we saw a massive ATH in 2021. Such things will happen. But, Remember, Bitcoin has a limited supply. There will be scarcity, and everyone won't own Bitcoin at some point.

Hehehe agreed. Also, it appears that the American government is beginning to accept that they cannot ban cryptocoins and the cryptospace. However, they will create strict regulations where it will make it harder for us to buy cryptocoins and where the easiest way to buy them is through illegal services hehe.



According to the details from the meeting, the G-20 presidents’ group received collaborative support from the International Monetary Fund and the US. Speaking to Reuters, Yellen mentioned that there won’t be an outright ban but rather a strong regulatory framework.

“We haven’t suggested the outright banning of crypto activities, but it is critical to put in place a strong regulatory framework. We’re working with other governments,” Yellen said.


Source https://watcher.guru/news/cryptocurrencies-safe-from-ban-us-treasury-secretary-promises-robust-regulations
1556  Bitcoin / Bitcoin Discussion / Re: The FSB brings more regulations worldwide for this summer: More MICA on: February 27, 2023, 12:32:46 AM
I mentioned something years ago in some threads in the press subforum, however, no one appears to think that it might happen yet. This is the regulators might begin requiring limits on who can and who cannot buy cryptocoins and tokens based on income. If for example your income is less than $100k a year, then you are not eligible.

Another speculation on what might occur is the regulators will allow 1 or 2 stablecoins to exist, they will create a regulatory system where everything that goes in and out of the cryptospace will be through only those stablecoins. This is for the regulators to control how much liquidity should go in and go out of the cryptospace.
1557  Economy / Gambling discussion / Re: [Boxing] Jake Paul vs Tommy Fury - February 26 in Saudi Arabia on: February 26, 2023, 04:50:18 AM
They just had their first face to face at the press conference: https://www.youtube.com/watch?v=ho4nda7fLJg

What I found funny/interesting is Jake proposed a double or nothing bet to Tommy that if he loses Tommy gets double his purse and Jake gets nothing and even had the contract/bet ready to sign: https://www.youtube.com/watch?v=zZClH_f-k9M

Tommy's dad John Fury was quick to accept quite vocally but Tommy didn't seem too sure and looks like he tried to start a scuffle to change the topic haha. Tommy has seemed very confident up until that. I guess if he was so sure he would gladly take the bet but I don't blame him if he doesn't. Potentially going home with nothing would probably be too much to handle.

Tyson is over there now so maybe his presence will add a bit of extra spice.

This would be very funny for the loser who will go home with nothing except blacks and blues hehehehe.

I reckon the hesitation from Tommy was not because he was not confident. It was because he did not know what to tell Jake. This might be because it was not for him to make the decision. It appeared for me that it might be the father who decides and manages the financial decisions for this fight. Tommy can blame John on Monday hehehehehe.

The stakes are so high now in this fight it just keeps adding up because Jake Paul keeps challenging and baiting Tommy Fury, people will be excited to see this fight and the outcome, there are so many first on this fight, only two days before the fight I am more excited on the weigh-in and final face-off, I hope there are no more delays but I want more dramas and thrash talks because this fight thrives on the drama and thrash talks both fighters and their team delivers.

Agreed! Jake Paul expected the trashtalks from Tommy Fury and he knew what to reply already. He is attacking where it will very much hurt the Fury family. Taking all of their money and let them go home with only black and blues hehehehe.

In any case, does anyone speculate that Jake can knockout Tommy? It might be difficult because Tommy is a professional boxer who has enough experience to avoid Jake's tricks.
1558  Economy / Gambling discussion / Re: 2023 Oscar Awards betting and discussions on: February 26, 2023, 02:52:33 AM
I speculate that it might drop more after the Oscar votes are completed on March 2 to March 7.
Its definitely possible, I just checked the https://m.nicerodds.co.uk/academy-award and I think that odds on Everything Everywhere All At Once dropped slightly, which is a good thing for all those betting on All Quiet.


This is certainly a good movie for it because it ended with the German soldiers not wanting to go back on the field anymore after being given their last orders by their uncaring leaders and generals.
Warning, spoiler: Hm didn't movie ended in a total opposite way, by that officer sending bunch of soldiers into last battle just before armistice started, causing more unnecessary deaths?

I was not implying that the soldiers did not go. I was saying that they did not want to go anymore. They were demoralized, however, their leaders and generals were insensitive and uncaring. There was also the agreed time when the war should end that made going back on the field appear useless. But they went because they are forced to follow orders.

This will be the Hollywood agenda. To make everyone more aware of this war between Russia versus Ukraine and to cause us to ask what is the real purpose of this. I am quite certain the purpose is not for the people. It is for those leaders from both countries who will make direct and indirect profits from it politically and financially.
1559  Economy / Service Discussion / Re: Is there any NON-KYC method to buy stocks using bitcoin? on: February 25, 2023, 04:21:37 AM
@Yamane_Keto. There is no service for this, however, there are Defi projects that offer synthetics or derivatives of stocks that you can trade using Ethereum. But their list is limited and the volume is very low. I reckon that it will certainly be much better for you to hold your coins or trade them for bluechip altcoins like Ethereum which you can also use to trade in Defi, NFTs and tokens of other types.
1560  Economy / Exchanges / Re: [Updated] FTX on: February 25, 2023, 03:21:04 AM
@Rikafip. It appears like the extra money might be a personal donation to be collected through personal favors for future need hehe.

In any case, who gave Sam Bankrupt-Fraud access to the internet? I am not quite certain if he is bored in custody and trolling or if he is sending a concealed message through social media and he is only making it appear that he is trolling.


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