Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

What was the greatest rug pull for 2021

ICP and Chia network entered the market rather strongly and I think both were part of the top 100 at some point. (I think ICP is still at around 39 at the point of writing) It’s sad to see over 90% of the market cap being wiped out over the course of the year. For…
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FreeRoss DAO Distributes Governance Tokens to Advance Prison Reform

https://www.coindesk.com/markets/2021/12/16/freeross-dao-distributes-governance-tokens-to-control-55m-treasury/ Who is Ross: A visionary and the creator of The Silk Road, the first large online marketplace, commonly referred to as a darknet market. He was caught and sentenced to two life sentences + 40 years with no chance of parole. By comparison, El Chapo, a man who has been responsible for killing thousands…
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I’m tired of Ledger and need a better hardware wallet. Any advise?

I was interested in the gridplus lattice1 but it's too big for me. I wish they had a compact version similar to the ledger and trezor. Are there any other recommendations out there? submitted by /u/ynotplay [link] [comments]

Daily Discussion – December 21, 2021 (GMT+0)

Welcome to the Daily Discussion. Please read the disclaimer, guidelines, 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 this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could…
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Hash4HashBrowns is canceled im getting death threats

I don't understand why? But people found my Instagram and are sending me death threats lmao. Saying that the idea is dumb and that they are going to dox me…. Probably just trolls that wont do anything but seems like its not really worth the trouble. So at least for now the idea is dead…
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Instagram Is ‘Exploring NFTs’ to ‘Make Them More Accessible to a Wider Audience,’ Says CEO

According to the CEO of Instagram, Adam Mosseri, the social media application is looking into non-fungible token (NFT) technology. During an ask-me-anything (AMA) session on Instagram, Mosseri said that the company wants to make NFTs “more accessible to a wider audience.” Instagram CEO: ‘We Are Definitely Actively Exploring NFTs’ Following the firm’s parent company Facebook […]

Crypto regulation is coming, but Bitcoin traders are still buying the dip

The premium on CME Bitcoin futures dropped to zero, but data shows pro traders are still bullish.

I found a lot of people were confused over what the Metaverse even is, here is the reason why…

submitted by /u/AdaptiveStrike1 [link] [comments]

Billionaire Ray Dalio Explains Why He Owns Bitcoin And Ethereum

Billionaire Ray Dalio has revealed that he holds bitcoin and ethereum holdings. Various billionaires have also been public about their bitcoin and ethereum holdings. For a lot of these billionaires, the move from cash into cryptocurrencies has been a pertinent one as the former continues to lose its value in the market. Dalio also gave this as a reason for holding the cryptocurrencies. Growing concerns about the value of cash as an investment have seen both institutional and individual investors move their holdings into cryptocurrencies. Coupled with rising inflation rates, diversifying into cryptocurrencies like bitcoin and ethereum has become more popular. Related Reading | Millennial Millionaires Are The Most Bullish On Crypto, Survey Finds Dalio Owns Bitcoin And Ethereum Billionaire Ray Dalio sat down with Yahoo! Finance to talk about the financial market and how one can be successful in it. Talking with host Andy Serwer, Dalio confirmed once again that he owned bitcoin but this time around, the billionaire revealed that he had added ethereum to his holdings. This was in response to a direct question from Serwer about the billonaire’s crypto holdings. BTC dives into $45,000 territory | Source: BTCUSD on TradingView.com Dalio declined to give a precise amount of bitcoin that he owned, which is understandable, but explained that he did not own a lot of either bitcoin or ethereum. As for the reason behind holding these cryptocurrencies, Dalio explained that it was because he viewed it as an alternative to cash. “I view it as an alternative money in an environment where the value of cash money is depreciating in real terms,” said the billionaire. Diversification Is Key For Dalio, buying into bitcoin and ethereum is also a diversification play. During the interview, the billionaire hedge fund manager reiterated that investing in cash is the worst investment there is. This is because cash loses buying power and as such, the longer one holds cash, the lesser the buying power of that cash. He urged investors to not “judge anything in your returns or your assets in nominal terms, in terms of how many dollars you have. View it in terms of inflation-adjusted dollars.” Related Reading | Struggling Prices Beats Bitcoin Expectations Down From $100K To $50K Dalio stresses that it is important for investors to always diversify their portfolio and that is what he has done with his crypto investments, even though it is still a relatively small part of that portfolio. “The important thing is to diversify one’s portfolio well. Because we know from the surprises in the balance– we also know that those asset classes on average significantly outperform and will significantly outperform cash.” The billionaire concluded by saying that cash is a “problematic asset.” Therefore, diversification out of this asset is important. “And that diversification should be also international diversification from countries, not just asset classes, in order to have a truly well-diversified portfolio,” Dalio added. Featured image from CNBC, chart from TradingView.com