Author: dfmines

EVERYWHERE i go i see something like "*shitcoin* to $1" or "we can at least go to $0.01 right?". So i'm here to explain simply why it's just impossible (note that all these shitcoins have a crazy supply of 1 quadrillion or more) Market Cap = s p* s being the total supply p being…
Read more

submitted by /u/BuckyMcFly99 [link] [comments]

submitted by /u/thefoodboylover [link] [comments]

I have made some profits in this bullrun, should I get myself some 500$/0.16 ETH? submitted by /u/PsychologyBird07 [link] [comments]

Ethereum makes up a large part of crypto-asset manager Grayscale’s portfolio. In a recent report, it shows that Grayscale now has over 3 million ETH in its asset under management (AUM), amounting to more than $10 billion. This makes the asset manager one of the largest holders of Ethereum in the space. Related Reading | Crypto Market Goes Into “Extreme Greed,” What This Means For Bitcoin The asset manager had gradually increased its ETH holdings over time, adding almost 20,000 ETH to its portfolio back in February. The recent filings show that the New York-based asset manager has increased its crypto holdings since its last report, which has raised the value of the total assets under management from $33 billion to $41.4 billion. Ethereum Is Not The Only Interest The fund had started out providing a way for investors to invest in Bitcoin through the stock market. But over the years, Grayscale has added more crypto-assets to its offering to provide investors more exposure to the markets. Grayscale’s crypto management spans across a host of cryptocurrencies. Assets in its care range from Bitcoin to Ethereum, Litecoin, Ethereum Classic, and a host of others. Grayscale’s Ethereum Trust at almost $10 billion | Source: Grayscale on Twitter In addition to its $10 billion ETH and $29 billion BTC holdings, Grayscale also holds over $700 million worth of Ethereum Classic and over $300 million worth of Litecoin in its portfolio. The size of its assets under management puts Grayscale as the largest crypto asset manager in the world. Grayscale had also dived into the DeFi world back in July when it launched a new DeFi fund. The fund was the first of its kind in the firm’s history but would be the second diversified product fund. This fund was based on the Coindex DeFi Index. Highest Asset Under Management Although Ethereum makes up a big chunk of the asset manager’s portfolio, bitcoin remains top of the list. Grayscale’s Bitcoin holdings total over 640,000 coins, which puts the total value at almost $30 billion. Constituting the largest part of assets under management in the portfolio. The asset manager’s Ethereum holdings put ETH as the second-highest holding in its portfolio, following behind bitcoin. Related Reading | Here’s What Bitcoin Exchange Inventory Levels Means For The Bull Rally The trust has also benefitted from the current bull rally that has rocked the market. The price of Ethereum has grown tremendously in just the past three weeks along. Seeing the price of the digital asset come to rest firmly above $3,000, a price point it had not been able to break following the crash from the all-time high of the asset. The price of Ethereum at the time of this writing is trading above $3,200, with a 0.71% 24-hour price change. ETH price sitting above $3,200 | Source: ETHUSD on TradingView.com

I will make this relevant to ETH, just bear with me for a minute, please. Have you recently seen those heinous YouTube videos with the message, "Send us all of the ADA in your wallet, and for a limited time, we will double what you send us?" You know this one, right? I was reading…
Read more

Just a work of caution folks. The people behind Bitglobal and Bithumb Global for super shady and their customer service will straight up ignore you. Do not use their service and if you do move to another provider before you have issues. Context: I contacted Bitglobals / Bithumbs customer service with an issue I had…
Read more

Coinbase’s global tax VP has condemned Congress’s controversial decision to introduce crypto tax provisions into the infrastructural bill. They warned that this bill might impact 20% of the U.S population, which is like 60 million Americans. The VP of tax leveraged the rushed crypto provisions added to Congress’s bipartisan infrastructure bill. Lawrence Zlatkin slammed lawmakers at the last minute for hastily including amendments that can affect 60 million Americans. Coinbase Global is an American company that operates a cryptocurrency exchange platform. It’s among the popular online brokers globally and currently supports traders from over 30 countries. Coinbase operates remote-first and lacks an official physical headquarters. Related Reading | SushiSwap Narrowly Escaped A $350 Million DeFi Hack, Here’s How A blog post made on August 21 aimed at the Bloomberg editorial article of August 19. The post also commended the crypto provisions for infrastructural bills. However, Coinbase’s Global VP of tax, Zlatkin, also criticized no provision for public consultation regarding the legislation. He also estimated that about 20% of U.S. residents are into digital asset investment.  “About 60 million Americans own crypto today and this makes almost one-fifth of the total U.S. population. The entire populace including those Americans merits more discourse than midnight offers implemented at the dying minute.” Coinbase Officials Claim Bill Is Unfavorable For The Crypto-Community Lawrence Zlatkin accounts that resentment over the bill’s content extends beyond the scope of the crypto space. The massive public outcry estimates that nearly 80 thousand people had contacted senators in just some days. The Coinbase global executive highlighted the general definition of a crypto-asset broker as contained in the bill. This may inflict a strict requirement on the reporting process for software developers and network validators. As a result, these officials may be unable to meet their roles as contained in the bill with the new requirement. So far bill mandates the software developers, stakers, and miners to do the impracticable, then they are bound to comply. No practicing lawyer will support them to operate in violation of these laws and risk the penalty for not complying. The penalty for non-compliance that can easily render them bankrupt’ Coinbase executive said and added; “This development will greatly affect innovation and restrain the emergence of important technology at the early stage of development. Tax policy is supposed to be deliberate and thoughtful, broad overreach is simply a regulatory error.’” Lawrence Zlatkin also states that digital assets brokers should adopt a similar third-party reporting process as mainstream brokers. Related Reading | Uniswap Community Reacts Against The New Proposal, Here is Why The infrastructure bill was issued to the Senate early this month. The populace hopes that there would be amendment opportunities on the legislation as the House plans to scrutinize it in a few months. Featured image from Pixabay