1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

[GoldenGlove]

Was watching this Crypto Banter stream from earlier today and he made a good point about how ETH is holding up so well during this correction.

ETH's negatives around gas fees and scalability is actually why it didn't fall like other projects. Harder to panic sell when every transaction is met with crazy fees to do it. Great incentive for people to hold it when it's dipping.

Another thing that works in ETH's favor is that even if you do think it's bad tech and not sustainable, the number of great layer-2 solutions that are out will ensure dapps are used and built on it.

 

[GoldenGlove]

Also, with all the posts mentioning LUNA in this thread over the last year, I don't think one of them actually went into why it's a great project.

When their stablecoin (UST) is minted, it triggers LUNA to be bought in the open market and burned. More exchanges are now looking to list it as major pairs instead of only offering USDT, USDC or DAI.

So basically, the more people use UST and the more volume that it gets, the more LUNA is burned.

20% APY for holding it here too
Anchor

LUNA's all time low was 45 cents over the last year, it's over $70 right now.

 

[mannyrs13]

Also, with all the posts mentioning LUNA in this thread over the last year, I don't think one of them actually went into why it's a great project.

When their stablecoin (UST) is minted, it triggers LUNA to be bought in the open market and burned. More exchanges are now looking to list it as major pairs instead of only offering USDT, USDC or DAI.

So basically, the more people use UST and the more volume that it gets, the more LUNA is burned.

20% APY for holding it here too
Anchor

LUNA's all time low was 45 cents over the last year, it's over $70 right now.

I love Anchor. Only have a few thousand in there but as I take profits on other coins, I'm gonna look into putting more. Definitely a good place to hold some money.

 

[Standing on business]

Threw some money at spell .018 when it went live, complete gamble play with no long term intentions.



Just set a sell order for my but price, I might not make anything but I’m not about lose shyt. Not even sure why I bought it.

 

[Matt504]

Threw some money at spell .018 when it went live, complete gamble play with no long term intentions.



Just set a sell order for my but price, I might not make anything but I’m not about lose shyt. Not even sure why I bought it.

where did you buy

 

[GoldenGlove]

where did you buy

It just got listed on Coinbase this week

 

[Standing on business]

where did you buy

i picked it up when it went live on CB pro this morning

 

[GoldenGlove]

Yahoo is part of the Yahoo family of brands

This came across my Google News feed.

I checked out the report that the article is written from. These financial firms and banks going hard in the paint to regulate DeFi. The report outlining how governments can take action.

BIS Quarterly Review, December 2021

This what we're up against brehs

 

[Zime]

 

[old pig]

??????

spam…phishing attempt?

 

[Skooby]

What does this mean?

 

[old pig]

What does this mean?

trust wallet shouldn't have customer reps randomly reaching out to you at all much less 5x in less than 10 minutes…I say randomly cuz it looks like he’s receiving the generic “our systems show/indicate…” message that spammers hit you up with…even if he contacted support, there still wouldn’t be a barrage of emails like that

 

[funkee]

that's a scam/phishing attempt. just delete/block them shyts.

 

[funkee]

man, quant has tumbled so much. I took profit on some 2-4 weeks ago, but my remaining are well under water. still feel like it has high value long term, may have to just DCA down.

 

[GoldenGlove]

Celsius lost $54 million Bitcoin by using MetaMask for customer funds

On-chain data suggests Celsius Network lost $54 million worth of Bitcoin during last week’s hack on high-yield protocol BadgerDAO, which saw $115 million worth of digital assets taken.

Hackers extracted 896 Wrapped Bitcoin (WBTC) from a MetaMask wallet that a Celsius employee (presumably CEO Alex Mashinsky) was using to interact with BadgerDAO’s website.

Industry insiders were quick to question why it used MetaMask to handle client funds.

These CEXs will offer users a lower APY for staking with them, whole time, they take your coins and throw them shyts in a DeFi lending/farming platform getting a much higher APY to use to pay you with.

It's better than what banks offer, but damn... this is a bad look for Celcius. Is anyone using their platform?