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    Home Unlabelled Crypto Currency Markets Who's that ADA bitch! LOL

    Crypto Currency Markets Who's that ADA bitch! LOL

    August 10, 2021

    Crypto Currency Markets Who's that ADA bitch! LOL

    Who's that ADA bitch! LOL

    Posted: 10 Aug 2021 04:19 AM PDT

    I've been bothering my girlfriend with my crypto obsession for months by sending her screenshots of charts, general crypto news, etc. She's never interested. Last week she bought some BTC for the first time and today this shirt came in the mail for me. My girlfriend is awesome.

    Posted: 10 Aug 2021 12:18 PM PDT

    Ethereum Layer 2 Ecosystem

    Posted: 10 Aug 2021 04:35 PM PDT

    Why Sino Global Capital invested in Impossible Finance

    Posted: 10 Aug 2021 08:09 PM PDT

    Cardano Creator Proposes Rally in Washington In Support Of Crypto Following Senators’ Failure

    Posted: 10 Aug 2021 03:49 AM PDT

    FTX, Deribit and over 125+ organisations announce the API3 Alliance

    Posted: 10 Aug 2021 10:21 AM PDT

    Cardano SmartContracts launched in testnet

    Posted: 10 Aug 2021 04:11 PM PDT

    Hackers stole more than $600 million in an attack on cross-chain protocol Poly Network

    Posted: 10 Aug 2021 09:35 PM PDT

    Copiosa AMA with BlockchainBoy this Saturday

    Posted: 10 Aug 2021 02:53 PM PDT

    Copiosa AMA with BlockchainBoy this Saturday

    BlockchainBoy from TikTok (and co-owner of CryptoKnight) will be having an AMA with James Mallon, CTO of Copiosa this Saturday August 14th.

    https://preview.redd.it/x4ulxk3mqlg71.jpg?width=1200&format=pjpg&auto=webp&s=8691e25953499e312e9b3d465ca49363a7e65622

    Copiosa is a smallcap crypto focusing on simplicity, security, and user experience for the small cap crypto space. Easily buy and sell smallcaps, limit orders, stop limits, anti-rugpull measures, and much much more all in a convenient app. Learn more/DYOR at https://copiosa.io

    They will be discussing the future of Copiosa, the Binance Smart Chain, and Crypto as a whole.

    submitted by /u/twoj04
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    DD! Due Diligence!

    Posted: 09 Aug 2021 10:27 PM PDT

    How High Can New Upgrades Take the ADA Crypto?

    Posted: 10 Aug 2021 08:39 PM PDT

    Senate just passed the bill. What happens next?

    Posted: 10 Aug 2021 02:37 PM PDT

    Hello everyone! You may be confused about what is happening in the last days in congress so I hope I may shed a light on the issue.

    (Down below I talk all about what happened in congress last weeks, if you want to go directly to how it affects you as an investor and how to navigate it, go to my last point down below!)

    https://www.cbsnews.com/news/infrastructure-bill-senate-passes-1-trillion/?ftag=CNM-00-10aab7e&linkId=127170406

    How it all started?

    So there is a very big piece of legislation that the president wants to pass which is an infrastructure bill to update USA's infrastructure. Like it is tradition, democrats want more money to get more things done and republicans wanted to have a smaller package because they're usually more fiscally conservative and believe in a more limited government. What happens here is that it has to be budgeted how the plan is going to be paid and so democrats had to be creative so that it wouldn't require increasing taxes in places where republicans wouldn't agree. So the plan was made to include taxing the crypto industry (which is already taxed by individuals reporting it to the IRS) but it made the projections of tax revenue based on making it a requirement for brokers to report in 1099 tax forms the transactions and capital gains obtained by its users. The problem is that the original bill made it so that the broker definition may include miners, validators in DeFi applications and even developers which by its very nature are unable to comply with such requirements as they don't have access to customer's data (duh, it's decentralized for a reason!)

    So what was made to fix that?

    Some senators (Wyden-Loomis-Toomey) tried to come up with amendments to make the proposal fair and adjusted to the reality of how the cryptospace and its different solutions operate (to which the original bill seems oblivious to) and others not so much (Warner-Portman-Sinema). It seemed that the bill was going to be amended as there was widely agreed support and the crypto ecosystem seemed to be happy with how things seemed to be going. However, yesterday the senate agreed to stop the debate and precede to vote for the original letter of the bill on the following day (which was today). That turned a quick turn that was not expected by (apparently) anybody. The truth is that the package bill is huge and crypto was only a small component and it was already surprising that it was being given so much attention but why was it rushed to end debate and the republicans gave up on the filibuster by agreeing the debate (which is a big weapon, McConnel's favorite)?

    If the support for the amendments was there, why kill them?

    Here we can only speculate. I believe that for democrats changing the bill and requirements would change the projected revenue for it (if less entities are required to report the trades, that'd allow for some tax evasion and so less tax revenue) and they'd have to find another way to fund the plan and they may have been scared that that could have imploded the agreement. On the other hand why would the republicans just rush the end of the debate and vote on the original bill when there are good bipartisan agreements on the table? I can speculate some of the senators may have had some lobbying interests that'd like that. So after they decide to end debate and schedule the vote, the only way to for any amendment to go for this vote on the senate is with unanimous consent. But of course there was this 87 year old republican from Alabama named Sen. Richard Shelby who objected to the amendment by saying it would only accept it if military spending was increased. So let's pretend the lobbying he gets from the banking sector didn't influence his objection and all he cared about were his Alabama constituents and their first priority is to increase the military budget, despite being among the poor, less educated and with higher levels of inbreeding.

    So how did the vote go?

    Unsurprisingly after the compromise to go for the vote, it was passed with 69-30. The people involved congratulated themselves with the big bipartisan bill (with its merits of course) which is one of the most important in recent history also due to the polarized times we live in. Unfortunately, crypto got dragged down in politics and it may have some very important impacts in crypto business in USA.

    How can this affect the crypto market?

    Well, USA is a very important market for crypto, if not the most important. If this piece of law go into effect and the definition of broker goes as is, it can arguably a de facto ban on mining in US: The miners validate transactions and so they may be required to send the 1099 forms to the IRS which is of course impossible for miners to comply. Same thing can be happening with DeFi and developers of such applications. So the consequences if it goes as it's now may be closure of current projects that can't comply or them moving to other jurisdictions. It also decentivizes future projects and innovation, may scare some instutitions and individuals away.

    But wait... If it passed on the senate, does it mean it's now law and we're all faked?

    Not so fast... For a piece of legislation to be turned into law, it has to be agreed by both chambers of congress and signed by the president. The lower chamber called house of representatives and the upper chamber called senate. Usually the easier part is to be approved on the lower chamber because it requires only a simple majority but on the senate you are required to have at least 60/100 senators otherwise the filibuster can block most of the bills from being voted on (some exceptions are the budget reconciliations). So right now the senate agreed on a bill and it will go down to the house. If they approve it as it is, it goes to the president and he will for certainty sign it (he really wants it). So for now, the best shot is for you to call your representative in the house of representatives and tell him how important it is for you and the other constituents that the bill is amended to have provisions that will protect the crypto space. If the house agrees on an amended bill, it would go up to the senate and they'd either vote for the bill (in which would be sent to the president) or amend it (in that case would go down to the house again). But I wouldn't get my hopes high regarding this. The democrats have a simple majority and a big plan that they value and amending it could open a pandora box and risk undermining the bill that they want so much by sending it to the senate and having them not agreeing to it. So unfortunately, as crypto is a very small issue compared to all the others covered, the most plausible scenario is this law going into effect as it is right now.

    So, what does it mean for me as an investor and what should I do?

    Well, until yesterday the outlook was pretty good for the crypto in general. Senators gathered for a compromise, the public seemed supportive and the rally on the prices was pricing in all the optimism. The awareness given to the space was great and the regulatory environment seemed to be set up nicely, but that doesn't seem to be the case anymore. This could affect disproportionally different projects. Exchanges were already demanding KYC and would be sending those 1099 tax forms anyway, but mining operations, DeFi and those who develop those tools may be getting hit the hardest. As for you as an investor, you should be mindful of the increased regulatory risks and how such unpredictability may hit prices very soon and cause FUD. The truth is, in fact, fundamentals got a bit worse due to this senseless regulatory requirements and that is something that brings the value down. Before you make a decision on how you want to navigate these new more uncertain times, remember to do your own research, adjust your expectations and see if your portfolio is still optimal in terms of risk-return. In my case, I enjoyed this bull wave and took profits on a good amount of my portfolio having sold the ones I considered riskier as those are the ones hit hardest in times of correction. Whatever is your move, don't invest more than what you're willing to lose and keep sharing your dankest memes!

    Contact your constituents, hope for the best but prepare for the worst.

    submitted by /u/afonsuss
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    Coinbase pro vs Coinbase

    Posted: 10 Aug 2021 07:39 PM PDT

    I started with plain Coinbase. Then heard I needed to use Coinbase pro for lower fees. So I made an account there and try to link my Bank account but keeps coming back saying institution is unavailable at this time. BECU picked right off their suggested list. Don't really want to try my other bank cause I'm trying to keep my funds separate ( mine/ hers ) I've tried like 10 times to no avail. My original Coinbase account I just use my card so didn't have to attach the account. What gives? Suggestions?

    submitted by /u/Ok-Cup8294
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    Stuck in the Cold War Between America and China, Venezuelans Have No Recourse but Bitcoin. The Venezuelan people just want to stop surviving and start living.

    Posted: 10 Aug 2021 11:12 AM PDT

    The Ultimate Guide to DeFi (Decentralized Finance)

    Posted: 10 Aug 2021 06:58 PM PDT

    Ethereum could pave way for $100k Bitcoin Price, Bloomberg analyst asserts

    Posted: 10 Aug 2021 04:28 AM PDT

    What is Risk/ Reward and Money Management?

    Posted: 10 Aug 2021 10:16 PM PDT

    Huge update on anyone who bought bondly after the attack or rug pull

    Posted: 10 Aug 2021 06:29 PM PDT

    So anyways, I decided to buy bondly after the attack. I got a great deal. The way bondly team made it sound, is that they will reissue tokens for pre and post attack token holders. I emailed bondly earlier today. I asked them if I will get reissued the same amount of tokens I had, or if I would be reimbursed. PEOPLE, I got a reply. They said they will redeploy new tokens for pre attack token holders only. They said anyone before the 14th. Plenty of people are buying the dip. Get out and sell now if you did. They are keeping the money and saying that they stated not to buy after the attack. It seems they are not done scamming. I managed to sell a little earlier for around what I bought them for. Please take heed and don't lose any more money. I got the email directly from their website. I was mad, but I cannot believe they haven't made this public. Please save your money as fast as you can. Just figured I would try to stop them from further scanning people out of their money.

    submitted by /u/ourgeneration_777
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    Orbs Goes Live on QuickSwap

    Posted: 10 Aug 2021 10:14 PM PDT

    What is Risk/ Reward and Money Management?

    Posted: 10 Aug 2021 10:10 PM PDT

    Crypto Infrastructure Bill Setback - AMC Theaters Bitcoin - SEC Ripple XRP Lawsuit News

    Posted: 10 Aug 2021 06:21 PM PDT

    Here's 11 Reasons I bought XLM

    Posted: 10 Aug 2021 02:18 PM PDT

    CoinCodeCap Classic ((Our Admin never Send Private MSG))'s Post

    Posted: 10 Aug 2021 09:46 PM PDT

    VeChain entry for video competition

    Posted: 10 Aug 2021 09:28 PM PDT

    Ethereum Rallies Past $3,100 Within The First Week After Major Upgrade

    Posted: 10 Aug 2021 04:21 AM PDT
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