Tether is usually reports its supply on their official website once every day, at an inconsistent time. That's why you can see stairs like this on a market cap chart: Tether market cap in the past 7 days - not counting the depeg it's the same as the…
Decided check the Daily post on the three days in the past around the last bitcoin bottom and see what people were discussing around that time. Links to daily post and screen shots of some of the top comments below. December 13,…
I posted about this plan last week and went through with it yesterday. I’m sure I could of timed it better. But my plan is to stake what’s available of these and cold storage the rest. The plan would be to revisit all these purchases between 2024-2026. If they’re still alive either hodl longer or…
Transaction analysis has uncovered a possible series of transactions that could have possibly allowed few holders to cash out almost at 100% peg, while majority who held on till late lost all their savings. This becomes even more suspicious as LFG and other operators are not releasing evidence of…
Terra / LUNA, once in the top 10 of the crypto capitalization list, crashed more than 99% from its all-time high and its holders saw their portfolio being destroyed in a few days. This event caused a general cryptocurrency bloodbath as a reaction. A police report has been filed yesterday by a…
Nearly 70% of all the USDT ever printed was given to just two companies Alameda ( FTX owners) and Cumberland ( Binance Market Makers). The remaining amounts to similar Market Makers and CEX associated entities Let us be clear Tether and by extension Deltec ( bank for Tether) and Ifinex's ( owners…
As of Saturday, May 7, 2022, the Luna Foundation Guard held a reserve consisting of the following assets: · 80,394 $BTC · 39,914 $BNB · 26,281,671 $USDT · 23,555,590 $USDC · 1,973,554 $AVAX · 697,344 $UST · 1,691,261 $LUNA Consistent with its non-profit mission & focus on the health of the…
Just look around you, left and right people and quitting crypto because "they don't believe in it anymore" but the true reason why is because they aren't money off it anymore. If we were in a bull market where we would see green candles all day everyday they wouldn't dare get out but the opposite…
We’ve all have seen or have become aware of what had happen with Luna this week. It’s frightening. A top 10 asset, stablecoin at that, has crumbled to zero. People have lost millions in this. Imagine going for a week-long vacation and you’ve come back, your life savings disappeared. I’m really…
After the recent market turmoil I became anxious that Coinbase might collapse and I'd lose my Bitcoin. The Coinbase share price has fallen from $345 to only $53 in six months. Although unlikely, it's possible that Coinbase will go out of business and everyone who holds their crypto on the exchange…
It’s really easy to say “don't panic” or “don't buy the hype” when in reality its VERY hard to disregard and ignore these feelings cause they’re wired into the brains as human beings. Any investor that knows how to control these feels needs to have A LOT of will power and patience which obviously…
From the Nano sub: Nodes on the network are being directly attacked with a heavy load of unchecked blocks that are slowing them down as it ties up disk write operations, causing node processes to spend time waiting for these writes to finish. Enough nodes are being targeted to cause settlement…
I'll try to keep it simple : try to think about crypto from the perspective of a no-coiner, you know, an everyday average Joe. Apple makes phones, Spotify gives you music streaming, Chase keeps your money safe, KFC serves you chicken wings, Zoom helps employees communicate, but what the fuck does…
The current supply of our very own subreddit's community ERC-20 token MOON is at 92 million. If you manage to open your reddit vault and manage to earn 4.38 MOONs, you have the percentage ownership of having 1 full Bitcoin in the Bitcoin ecosystem. 92,000,000/21,000,000 = 4.38 While monetary…
Ok I’ve decided to be apart of this LUNA implosion event and have just invested $2 into the project. Having barely heard of the project up until this week and to have seen it’s price plummet from the $100s to the $0.00001s I have decided I now no longer wanna sit on the sidelines of this epic…
Bitcoin (BTC) is now halfway to its next halving. A 50% reduction in block rewards paid to miners on the network (which occurs about every four years) is expected to happen around March 30 of 2024. The reward will be cut in half from BTC 6.25 to BTC 3.125 per block mined. Do we expect a reaction…
It launched like 2 weeks ago and he's shilling insane rates (20-40%) on his twitter. White paper - https://usdd.io/USDD-en.pdf Tron interview with coindesk about USDD https://www.coindesk.com/markets/2022/05/14/justin-sun-talks-usdd-stablecoin-in-wake-of-lunaust-unravel/ “I still believe in…
Obviously we all like green and that's why we're invested in this market. But one thing that struck me is how calm or more balanced this sub has become as a result of a bear market. During the bullrun of 2021 this place was so full of scammers, bots, hype and just pure psychosis that anything…
Hello everyone, I wanted to make my own thread of this issue because in the other thread, I did not feel that it compiled enough information in the body of the post to facilitate a healthy discussion of the current situation. USDT has lost about 6.6b in market cap since May 11, 2022 (~9% of their…
KWON-DO-HYUNG is listed in this Korean document as disolving his company Terraform Labs on April 30th, registered May 4th. The act of dissolving just days before the collapse of UST suggests the intent to eliminate responsibility of the aftermath, which serves as evidence that he knew something was…
When you’re in the green and making lots of profits your brain will automatically make you double down even though you told yourself multiple times that “this is enough”That’s just how human greed works. The majority of FOMO after all is simply just greed and events like this one should always be…
The title says it all. Crypto is dominated by software engineers who think they are more knowledgeable than they actually are, especially when it comes to fields like economics and finance that are FAAAAR out of their wheelhouse. Terra's failure was a failure of economics more than it was a…
I'm not saying it's either bad or good, it's just truly crazy. Yes, buying ETH or BTC at the start of their existence and HODLing till 4K or 67K, was really smart and worth it. But now, holding the best projects will double your money in the best case and throwing $100 at a random Shitcoin or…
How many times do people need to get scammed before they stop blaming others for their own mistakes?
We saw it with squidgame coin, we saw it with CRO and people blaming Matt Damon, and now it's being reported that the creator of LUNA and his family are afraid for their lives. Now, the creator of LUNA is obviously much more at fault in this case, but it's not like this shit couldn't be seen from…
While a police report have been made against Do Kwon, on behalf of UST and Luna investors in Singapore, CZ is publicy asking on twitter where the BTCs are, that were supposed to buyback Luna. But in the meantime Do Kwon making proposals to fork a worthless coin on a wortless chain? He is supposed…
So now I am thinking about throwing $10 at LUNA, and buy 50k tokens, ofcourse it is going to be a gamble. I think people should take this risk, and throw $10 at LuNA and treat it as a lottery ticket, if the prices recovers then it would be good., if not then what it will cost $10,the risk and…
As the post title says, we keep seeing all these people crawling out of the woodwork to say “see? I told you 3 months ago that LUNA/UST was going to crash, but no one listened”. They say hindsight is 20/20, so maybe all the signs are easier for people to see when it's already happened, but as we've…
Looks like many sites have been hit with a front end attack. Some like Spirit Swap are reporting the attacker managed to change swap address by hacking into AWS.. CoinGecko…
The ALGOrun - FAQ, Responses, Ideas TL;DR: Take your ALGO off exchanges unless you are actively trading. June 5 is the target "date" of the ALGOrun, but really this an ongoing affair. This is good for decentralization of the ALGO chain. Not long ago, our brethren in Monero staged the Monerun. It…
New crypto users often mistake the conduct and attitudes from experienced Bitcoiners as them just trying to protect BTC bags and "outdated technology". What new users don't understand is that these people HAVE SEEN SOME SHIT. Imagine living through not just the Terra/Luna meltdown but also…
https://agora.terra.money/t/terra-ecosystem-revival-plan/8701 So finally he broke the silence and he proposed in a forum discussion about his “recovery plan”. I am already highly skeptical with the blockchain being salvageable, but looking at this proposal it is very underwhelming. My opinions…
I have seen and watched multiple videos recently about how something like Luna/UST was always going to be unsustainable and that 19.5% apy for staking it couldn't work long term. If all that is so obvious now, why couldn't people see it before the crash? I know people were warning Do Kwon that…
Anyone else surprised? The macro economic factors look bleak. The nasdaq sold off like crazy, including Apple, ostensibly the top dog. One of the “most promising” crypto projects outright failed, alongside its stable coin. A stable coin failing breaches a lot of trust. That and Kwon sold off a ton…
While the crypto world is going crazy, Germany publishes a crypto sale tax guide. According to Katja Hessel, German Parliamentary State Secretary, crypto traders can get tax exemption benefits on the sale of digital currencies. Furthermore, if they have held onto their assets for one year or more,…
If you invested while near the top and you lost a lot of your money, that's on you. Though I'm sure most people here know this, and it's people on twitter and facebook that are insulting and harassing Matt Damon for his ad that pushed so many to start investing. That upward swing was never meant…
Problem: As we all know, the crypto-space is flooded by spams, scams, shills, bots etc... and of course, r/CryptoCurrency [/r/CryptoCurrency] is no exception. While most users don't see this spam due to our bots removing it, this affects our governance token by lowering the ratio as well as the…
Scroll down the various cryptocurrency feeds for a few minutes and you will see within seconds dozens of people who invested more than they can afford to lose. Why does literally nobody follow this advice? I put $500 into crypto (mostly a bag of ULTRASAFE coin and GenWealth coin and a little bit…
Hey hey hey! Hey hey hey! Hey hey hey! Whatsawhatsawhatsawhatsawhatsawhatsawhatsa up TERRACONNECT! Hey hey hey everybody my name is Do Kwon and I am coming from Korea and let me tell you guys that I am so excited, I am so happy, I am really so thrilled to be right now sharing this amazing,…
source: https://twitter.com/stablechen/status/1525023238895837184?cxt=HHwWgIDRycmj_KkqAAAA So just rewriting history is now a serious option. I am sure this is legal and the exchanges will surely have nothing against this :D Honestly why can't they just stop. This hurts the whole cryptospace and…
I like the idea of a fully decentralized p2p e-cash, is there anything that still resembles this vision? After reading the bitcoin whitepaper which outlines how bitcoin was supposed to work, crypto seemed really cool. But the vision of BTC is long dead and it no longer aims to be what it was…
https://twitter.com/DooWanNam/status/1524915757938667521 The source article is in Korean, but here's the Google translation https://news-mt-co-kr.translate.goog/mtview.php?no=2022051308574726920&MT_T&_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp He needs to totally get himself and his…
https://terra.smartstake.io/ust There are now over 1 Trillion Luna tokens minted (a little less in circulation), this is a rise from 1,576,957,952 (1.5 billion) tokens…
Do you think he's just absolutely losing his mind right now? He's still watching everything burn to the ground and has gone silent since tweeting yesterday about how he was in the process of fixing this whole mess. Circulating supply of luna has sky rocketed today going from 345 million to 210…
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The way the algorithm works for the mechanism means you can trade UST for equal value of LUNA. So the simple version is that when someone sells one UST for $0.40 then it creates another 400 LUNA if the price is at $0.001 per LUNA. And if the price is $0.0001 it will create another 4000 LUNA from…
So As the title says pretty much, as a true gentleman, she insisted and I could not refuse, I took her money, put it (you know where) and just under a few months managed to turn it to 1$ When they said, never invest friends and families money, did I listen? No. Do I regret it? Also no, because…
Bitcoin just made its wickets below 28 and even further down to 25k. Luna is basically going down in a literally straight line and achieved 1$ before even UST. We got over a billion long liquidations. Today the markets just shed $200B alone from the combined market cap. This is not everyday Crypto,…
Now that we've had the latest face-melting event, and the crypto marketcap as a whole has plummeted from ``$3 trillion to $1.25 trillion, I thought it would be worthwhile to survey the landscape a bit and see where things stand. Of the $1.25 trillion market cap, Bitcoin dominance is at 44.8%,…
Edit: Breaking Luna blockchain has been halted [https://www.theblockcrypto.com/post/146615/terra-blockchain-halted-to-protect-against-possible-attack]. I’m not familiar with details of that yet, but read below for my initial post. The blockchain has resumed without staking Edit2: multiple sources…
For the love of God and all that is holy. Please don't use leverage during turmoil like this. Stop trying to catch falling knives people! Wait a couple of days for things to stabilise a little. We are in the middle of a major disaster and people keep trying to make a quick buck using leverage.…
The past year I became relatively entrenched in crypto. I would check the charts constantly, along with research and spending way too much time doing so. At a certain point, I had a large portion of my savings invested and began wondering if everyone was in some sort of fever dream. New coins…
Hi, so yeah we all know that UST has drastically de-pegged. most people here believe that Citadel and Gemini or whoever did a coordinated attack to lower its value because they had loans in it (basically shorting it). Not like anyone cares to provide any sort of evidence for that because "trust…
I bought into crypto at the end of May 2021, around this time a year ago and DCAed every week until around the beginning of August before deciding to just hold and not DCA during the bullrun last year (best decision I made in hindsight). I have the majority of my portfolio in BTC and ETH with…
It's a silent project that operates in the background. There's no face to it. The founders created it and walked away. It's like an elegant clock set into motion that continues to tick away. There's no promise of some complex protocol to come 3, 5, or 10 years down the road. It does what it's…
I just took a trip over to r/terraluna [/r/terraluna] and I have to say, most of us are hurting right now but those people literally lost everything. There is post after posts of users actively contemplating suicide after losing everything. I know it’s easy to dunk on their terrible Lead as all…
The next stable coin is crashed. NEUTRINO USD Neutrino USD is crashed to 0,77 USD that is nealy a 20% crash on this stable coin. Neutrino is an algorithmic price-stable assetization protocol acting as an accessible DeFi toolkit. It enables the creation of stablecoins pegged to specific real…
(This was my post 110 days ago which never got approved) Dip is 10-20% down. Don't buy it. When it happens, Redditors will jump on you screaming BUY THE DIP directly to your ear. Don't buy it. You're calm, your mind is clear, you aren't fueled by emotions. Soon it will dip 20-30%. You will…
Back in November of last year I was trying to make a quick $500 so put some Fiat into Crypto to see if I can earn more than 0.5% interest. Fast forward to right now and my 37k turned into 12k. Yep. So I need my portfolio to triple just to be behind 1k. All I have to say is... Worst financial…
Unless you have been living under a rock, we just experienced a catastrophic crypto meltdown. People are understandably upset, posts here are now emotionally charged. However the writing was on the wall as highlighted in my previous…
Stock prices are supported by something in the real world - corporate assets and earnings. Crypto prices are supported entirely by investor (speculator) confidence. I think a lot of whales and little guys have been massively burned over the last 6 months. The little guys don't have money to put in…
I know I know, the dip is tempting. You looked at your bank account and think: Hey, a couple of grand wouldn't be that bad, it's going back up. Yes, it's going back up, but not in the short term tho. If you need money for bills, food and accommodation, please stop yourself from doing stupid shit.…
On a lot of threads here, people keep saying stake your coins for passive income.. while passive income is indeed a good strategy (who doesnt like extra beer money?), staking has massive risks as well which have played out with the ongoing collapse. On most staking networks, you have a long unlock…
Unless your Patrick from SpongeBobs roommate, you’ve noticed that the crypto is getting absolutely nuked right now. I know everyone is saying “Just invest in BTC/ETH.” I get it. Those are safer and have less volatility. Truthfully, I’m not looking for safety. I’ll go to the stock market for…
What should a crypto exchange do right at the time a top 10 stablecoin is imploding with billions of dollars vanishing and people losing all their savings? Surely not shill another algorithmic stablecoin that almost uses the same design as the one imploding... Thats what Poloniex is doing. USDD…
There's a run on Coinbase. Hysteria in r/Coinbase [/r/Coinbase], you'd think there's blood running in the streets. As I myself can attest, many people are unable to get their USD or coins out of Coinbase. Mysterious error messages happen if you try. (I can put money in and buy though.) Why? This…
Crypto exists in a space that is largely a completely unregulated free market. If your crypto project can be made worthless due to some economic actors performing a free market action, then that coin never had any worth to begin with. Complaining about "attacks" post hoc is a useless activity that…