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by COINS NEWS - 1 year ago

Why Hasn’t the Market Crashed Yet?

With all of this insanity this week you would think at the very least you’d think BTC would be closer to $13-$15k and ETH well under $1,000 again. They were around the Luna disaster , but for some reason there’s a level of floor that isn’t being brok...

by COINS NEWS - 1 year ago

Daily General Discussion - November 14, 2022 (GMT+0)

Welcome to the Daily General Discussion thread. Please read the disclaimer and rules before participating. & Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on...

More / Bitcoin Reddit - 1 year ago

I have a dream...

I have a dream today, a dream rooted in the promise of blockchain technology and the cryptocurrency known as Bitcoin. A dream that extends beyond data blocks and digital wallets, a dream that seeks to change the world as we know it. Over a decade ago...

More / Etherum Reddit - 1 year ago

How safe is my eth on arbitrum?

looking at how unsafe the wrapped tokens are (like soBTC and soETH issued by centralized entities) which just crashed, I am wondering how safe are eth on L2s like optimism, arbitrum, zksync, etc? And why? Edit: what exactly happens when I bridge my e...

More / Etherum Reddit - 1 year ago

Need advice if anyone knows

I need like $7 worth of ETh for gas fees, Coinbase won't let me send anything out for 3 days. Metamask all require a SSN for a direct fiat buy which doesn't seem safe to me. Is there any easy way I can buy eth with fiat that requires little o...

by COINS NEWS - 1 year ago

83,000 BTC Liability but Zero BTC Held

FTX owes customers and other lenders, close to 83,000 BTC but does not have any left on the books. If it were to fulfill its obligations, it would require buying and sending $1.4 billion worth of BTC. This is obviously not going to happen but at leas...

by COINS NEWS - 1 year ago

Every single exchange should experience a bank run. If they survive, they deserve to exist. If they don’t, they deserve to be taken out, before they can grow and cause more damage later. Don’t trust exchanges have sufficient funds, verify it.

I think it’s important that everyone realize lots of exchanges have been taking user funds and using them for their own uses. They aren’t just taking fees - they are operating like a bank and operating on fractional reserves. Exchanges are artificial...

More / Etherum Reddit - 1 year ago

Moving Staked ETH off Coinbase

Howdy - I currently have >5 ETH staked on Coinbase that I want to move ASAP. A majority of my assets are in ALGO in a Pera Wallet, where I’m an active governor and love the community. Should I… Leave my ETH staked on CB? Exchange to ALGO where I...

More / Etherum Reddit - 1 year ago

How do stablecoins make money? ELI5

Hi everyone! Does anyone know how stablecoin issuers like Circle, Tether and MakerDAO make money? It's all a bit unclear to me and after recent events I have started to do more due diligence about crypto products. Some of them are really un...