Arthur Hayes has released a new essay titled "PvP"
Key talking points:
• Most CEX exchanges charge between $250,000 and $500,000 in stablecoins, with some exchanges requiring up to 16% of the total token supply.
• Binance has developed an ingenious strategy - the exchange charges up to 8% of the total token supply, and requires projects to buy $5 million worth of BNB and place those coins as a deposit.
• Listing on the major exchanges in 2024 does not guarantee a token price increase - regardless of the exchange, tokens are not pummeled right now. Cryptocurrencies launched this year have performed poorly for retail investors.
• Projects are launched at too high valuations - to become attractive, they have to lower their valuations at launch by 40-50%.
Crypto News - Crypto World
Key talking points:
• Most CEX exchanges charge between $250,000 and $500,000 in stablecoins, with some exchanges requiring up to 16% of the total token supply.
• Binance has developed an ingenious strategy - the exchange charges up to 8% of the total token supply, and requires projects to buy $5 million worth of BNB and place those coins as a deposit.
• Listing on the major exchanges in 2024 does not guarantee a token price increase - regardless of the exchange, tokens are not pummeled right now. Cryptocurrencies launched this year have performed poorly for retail investors.
• Projects are launched at too high valuations - to become attractive, they have to lower their valuations at launch by 40-50%.
Crypto News - Crypto World
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Crypto News - Crypto World
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The snapshot will be made on the 19th of October and the distribution is scheduled for the 22nd of October.
The total issuance will be 1bn SCRs.
SCR will act as a management token, but will "evolve" to a utility asset in the future.
Crypto News - Crypto World
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This time, the regulator is threatening to sue the exchange as it equates crypto transactions with transactions in unregistered securities that violate US laws.
That said, Crypto com say they have filed suit against the SEC because the regulator has unilaterally expanded its jurisdiction beyond the statutory framework.
Crypto News - Crypto World
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The number of coins in Ethereum staking has reached 34,435,000 ETH ($84bn)
That is - 29% of the entire issue of the second cryptocurrency.
It is worth noting that at the beginning of the year this figure was 23.8%, and about 5,165,000 ETH have been in staking for more than 3 years.
Crypto News - Crypto World
That is - 29% of the entire issue of the second cryptocurrency.
It is worth noting that at the beginning of the year this figure was 23.8%, and about 5,165,000 ETH have been in staking for more than 3 years.
Crypto News - Crypto World
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Satoshi Nakamoto is...😼
Bitcoin Core developer Peter Todd. This is the version voiced in the HBO film.
Their main argument is that Peter left a strange comment on Satoshi's post in 2010, allegedly forgetting to change his account.
Todd himself already denies his involvement in the creation of BTC.
Crypto News - Crypto World
Bitcoin Core developer Peter Todd. This is the version voiced in the HBO film.
Their main argument is that Peter left a strange comment on Satoshi's post in 2010, allegedly forgetting to change his account.
Todd himself already denies his involvement in the creation of BTC.
Crypto News - Crypto World
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Only 12.7% of the site's users managed to earn on Polymarket
Only 2,138 people got their +$1k profit and most of all winning trades were up to $100.
A typical wallet made 1-5 bets each (57,759 users). But there are many merchants who made more than 50 bets (24,802 users).
Crypto News - Crypto World
Only 2,138 people got their +$1k profit and most of all winning trades were up to $100.
A typical wallet made 1-5 bets each (57,759 users). But there are many merchants who made more than 50 bets (24,802 users).
Crypto News - Crypto World
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According to statistics for all time US regulators have seized $32bn from cryptocurrency companies 🤦♂️
Some of these funds will go to compensate affected users (probably)
Crypto News - Crypto World
Some of these funds will go to compensate affected users (probably)
Crypto News - Crypto World
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BTC will fall to $40,000 🏌️
This is in case Kamala Harris wins the election.
And if Trump wins - bitcoin could rise to $80,000.
That's what Bernstein analysts think.
Crypto News - Crypto World
This is in case Kamala Harris wins the election.
And if Trump wins - bitcoin could rise to $80,000.
That's what Bernstein analysts think.
Crypto News - Crypto World
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Bitfinex is the only victim of the 2016 hack
This is according to court documents indicating that cryptocurrency exchange Bitfinex is entitled to damages for a hack that occurred in 2016 that resulted in the theft of 120,000 BTC.
Bitfinex has already compensated users through alternative means.
The company is actively cooperating with law enforcement to recover stolen assets. Bitfinex may now recover about $5.8bn.
Crypto News - Crypto World
This is according to court documents indicating that cryptocurrency exchange Bitfinex is entitled to damages for a hack that occurred in 2016 that resulted in the theft of 120,000 BTC.
"The government is not aware of any person who would qualify as a victim under the CVRA or for indemnification under the MVRA other than Bitfinex".
Bitfinex has already compensated users through alternative means.
The company is actively cooperating with law enforcement to recover stolen assets. Bitfinex may now recover about $5.8bn.
Crypto News - Crypto World
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It is a meme coin launch platform. Which offers free meme token launch on BNB, ETH and ARB with no network fees.
The assets are traded using an internal balance in USDT. The meme coins on the platform are meme tokens.
Crypto News - Crypto World
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Cryptocurrencies will not become a mass means of payment
SEC head Gary Gensler said that he does not think cryptocurrencies will be widely used as means of payment.
He also added that the most likely outcome is the use of digital assets as a means of saving.
Crypto News - Crypto World
SEC head Gary Gensler said that he does not think cryptocurrencies will be widely used as means of payment.
He also added that the most likely outcome is the use of digital assets as a means of saving.
Crypto News - Crypto World
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Ripple are launching a cryptocurrency storage service Ripple Custody 🛡
This direction will primarily focus on working with banks and large companies.
Crypto News - Crypto World
This direction will primarily focus on working with banks and large companies.
Crypto News - Crypto World
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Nearly half of hedge funds (47%) focused on traditional asset classes - invest in crypto
Says a new study. Thanks to its volatility, crypto offers additional lucrative trading opportunities for funds willing to take risks.
Crypto News - Crypto World
Says a new study. Thanks to its volatility, crypto offers additional lucrative trading opportunities for funds willing to take risks.
Crypto News - Crypto World
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The SEC has sued Cumberland
This is one of the largest market makers in crypto.
The gist of the accusation: Cumberland operates as an unregistered securities dealer.
Crypto News - Crypto World
This is one of the largest market makers in crypto.
The gist of the accusation: Cumberland operates as an unregistered securities dealer.
Crypto News - Crypto World
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China's central bank announced additional measures to stimulate the economy
Thus, $71bn of liquidity will be injected into the financial markets.
Crypto News - Crypto World
Thus, $71bn of liquidity will be injected into the financial markets.
Crypto News - Crypto World
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BTC managed to test $59,000
It has recovered over $60,000 after yesterday's drawdown.
Crypto News - Crypto World
It has recovered over $60,000 after yesterday's drawdown.
Crypto News - Crypto World
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Someone's day started with a $36m loss, how are yours doing? 😭
Lookonchain lost about 15,079 fwDETH (about $36 million at the time) due to signing a phishing transaction.
Lookonchain believes the wallet belongs to investment firm Continue Capital.
Crypto News - Crypto World
Lookonchain lost about 15,079 fwDETH (about $36 million at the time) due to signing a phishing transaction.
Lookonchain believes the wallet belongs to investment firm Continue Capital.
Crypto News - Crypto World
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