Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Need help converting crypto into Tether on Ethereum blockchain

Hello, Long story short, I want to convert my Benchmark protocol into Tether. It is less than $150 worth of Benchmark on my Coinbase Wallet. I try to begin conversion and then it reads I need at least $268.00 of Ether to cover the network fee! I have just over $60 of Ethereum on coinbase…
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Don’t Overlook MATIC

As of today, Polygon announced that they have partnered with Draft Kings, worth 20 billion dollars, is a digital sports entertainment and gaming company. They aim to, “accelerate the adoption of NFTs and Web3. DraftKings will leverage its expertise in digital sports to introduce a whole new audience to NFTs.” DraftKings marketplace is built on…
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I have 21 bitcoins, and one day, so can you.

I started trading in 2018.. didn't have enough money to buy much so I started investing in low cap coins. Lost a bunch of money but eventually I invested in one that gave me 20,000X my investment over the course of a few years. I took my profits and bought bitcoin with it.. I could…
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Bitcoin’s first ETF hits the New York Stock Exchange on Tuesday

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

Canceling transactions as a native feature

We're all familiar with those transaction that get stuck where gas prices jump up. Your wallet is basically useless at this point and you keep referring etherscan to see if anything happens. It's a major headache and can easily disrupt auto tasks. Reason is Ethereum processes each nonce in order. Until the previous transaction is…
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Daily Discussion – October 19, 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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Taxing Crypto while billionaires avoid trillions of dollars in taxes shows the system is rigged

Not only do you have to report Crypto transactions to the IRS for tax purposes, the IRS requires you to pay taxes on mined and purchased Crypto if you make any profit. It's outrageous how the IRS totally ignores billionaires avoiding trillions of dollars in taxes while asking Crypto holders to pay taxes. The government…
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El Salvador Disables Bitcoin Price On Chivo App To Stop Scalpers

Bitcoin traders have found a way to use the recently launch Chivo App, the countries own BTC wallet, by El Salvador’s government to make a profit. As part of their BTC Law, this app operates with the second layer payment solution lightning network. Related Reading | Bitcoin Price Smashes Record For Highest Weekly Candle Close Ever Via its official Twitter handle Chivo Wallet announced that Salvadorans will be unable to track the price of BTC on the app. According to the report presented by the team behind the app, some users have been using it to do “scalping”. A type of short-term trading modality, scalping is performed by an operator to take advantage of an asset’s price fluctuations in low timeframes. In previous versions, the app allowed users to “freeze” the price of Bitcoin giving traders an edge to perform this practice by comparing it to exchange rates. The Chivo Wallet allows users to move BTC via the lightning network to other Chivo users or external BTC wallets. Thus, traders can make a profit by scalping the app’s BTC price. The team behind the app clarified the following on the reasons for the decision: The “scalping” performed consisted of taking advantage of Chivo keeping the rate frozen for 1 minute and taking advantage of that minute to compare the rate with other exchanges and see if the Bitcoin price went down or up. In the future, the price of Bitcoin will have limited visibility to prevent these operators from accessing what the team called “an unlimited source of money”. The app will not ban trading itself, just the capacity to “freeze” BTC’s price on the platform. Related Reading | Number Of Bitcoin Whales On The Rise As BTC Chases New All-Time High Salvadorans Will Have New Functionalities On Their Bitcoin Wallet On the contrary, the team behind Chivo claimed that is working on adding a trading feature for the wallet. In the future, the app will let these operators trade with BTC with any modality, but with the asset’s price display in real-time. However, Salvadorans can already profit from BTC exposure. Since the wallet was launched, when the government gave citizens a $30 bonus in the cryptocurrency, Bitcoin has increased its value by over 30%. Upon launch, El Salvador and its president Nayib Bukele surely underestimated or failed to consider crypto traders’ capacity to leverage a situation for their benefit. It remains to be seen whether disabling BTC’s price from the app will effectively stop scalpers. Related Reading | TA: Bitcoin Gearing For Lift-Off to $65K: Rally Isn’t Over Yet At the time of writing, BTC trades at $$61,980 with a 1% profit in the daily and a 13.3% profit in the weekly charts, respectively. BTC’s price remains in a rally and it’s near $64,500, its all-time high.