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Topics - XM8

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46
The South Korean crypto exchange Bithumb is still up for sale, but its value has reportedly fallen along with the crypto market price slump.

Per the financial media outlet Maeil Kyungjae, potential buyers are still interested in the trading platform, but its worth – according to market experts – has tumbled as bitcoin (BTC)’s value has slid from well over USD 60,000 to just over USD 33,000 at the time of writing.

Just two months ago financial and investment banking experts estimated that the trading platform, one of the nation’s two biggest and the market leader until very recently, was worth up to USD 2.6bn. Experts now say the platform is worth a maximum of under half that amount, and that its unlisted shares are worth around USD 250 apiece. Back in April, those same shares were worth an estimated USD 620 each. That means the platform is now worth around USD 1.14bn.

The calculations were made on the basis of a block sale from the Japanese firm SBI Investment, which offloaded a USD 897,000 stake to the Hong Kong-based private equity fund (PEF) Samo Fund.


A vast number of companies, ranging from domestic gaming firms to the country’s internet giants and even foreign players, have reportedly expressed an interest in buying the firm, but a deal has not been forthcoming. Many have denied links to a possible purchase. However, the media outlet claims that interest in the platform remains “strong.”

The platform’s biggest shareholder and chairman, Lee Jung-hoon, is keen to sell, and has been the subject of a police investigation into a failed and allegedly fraudulent token listing in 2018.

Banking experts have claimed that Lee’s connection to the platform could prove fatal to its chances of obtaining an operating permit when regulations come into force in September this year. Banks will run background checks on executives – and could refuse licenses should they believe key decision-makers have a history of involvement in fraud probes.source

47
It seems that Ethereum (ETH) co-founder Vitalik Buterin's argument that the markets would pay less attention to Tesla chief Elon Musk's Bitcoin (BTC)-related tweets got a continuation - with a sentiment tracking company finding less than 15% of May tweets about Musk being positive.

The positive-to-negative sentiment of tweets about the SpaceX chief reached a new low in May, falling significantly around the same time crypto prices took a dive, and after Musk has begun criticizing Bitcoin, found sentiment tracking company Awario as Yahoo Finance reported. This is also the time when Tesla announced they'd no longer accept BTC as a form of payment.

Tweets in favor and against Musk were about equal in number in January this year. However, by May, the ratio of positive-to-negative sentiment fell by some 25% - resulting in the lowest ratio since October 2020 when Awario began algorithmically tracking this sentiment by measuring certain keywords.

The largest percentage, or some 66%, was taken by tweets about Musk that were neutral in sentiment. Negative tweets stood at 19%, while positive tweets were at 15%.


Notably, both the negative and the positive sentiments followed the Bitcoin criticism and the Tesla announcement, but positive ones did so to a smaller degree. "Some people bought into Musk's defense that the fact Tesla still held bitcoin on its balance sheet was a major example to other corporations looking to possibly do the same," crypto investor David Gokhshtein was quoted as saying.

To some, this likely wouldn't be a surprise. Less than two weeks ago, Buterin argued that the recent price crash will teach crypto markets a lesson, that people will stop hanging on every Musk's tweeted word, and that the markets will "build up an immune system over time."

Additional negative sentiment came from dogecoin (DOGE) supporters, following Musk's Saturday Night Live appearance and the subsequent DOGE drop.


Nonetheless, Musk still gained more than 3m followers in May, currently counting some 56.4m in total.

And while Twitter sentiment may not affect Musk, a potential impact on his companies may. "Elon is wading into an area that's maybe not the best of statements to make because the fact of the matter is bitcoin is the future of digital currencies, it's the root of it," Tesla investor and Gerber Kawasaki CEO, Ross Gerber, was quoted as saying. While criticizing Bitcoin's carbon footprint is logical, he said, "it's a very dangerous area for Elon to get in when he's causing people losses like he did the other day and it turns people against him and ultimately Tesla."
It seems that Ethereum (ETH) co-founder Vitalik Buterin's argument that the markets would pay less attention to Tesla chief Elon Musk's Bitcoin (BTC)-related tweets got a continuation - with a sentiment tracking company finding less than 15% of May tweets about Musk being positive.

The positive-to-negative sentiment of tweets about the SpaceX chief reached a new low in May, falling significantly around the same time crypto prices took a dive, and after Musk has begun criticizing Bitcoin, found sentiment tracking company Awario as Yahoo Finance reported. This is also the time when Tesla announced they'd no longer accept BTC as a form of payment.

Tweets in favor and against Musk were about equal in number in January this year. However, by May, the ratio of positive-to-negative sentiment fell by some 25% - resulting in the lowest ratio since October 2020 when Awario began algorithmically tracking this sentiment by measuring certain keywords.

The largest percentage, or some 66%, was taken by tweets about Musk that were neutral in sentiment. Negative tweets stood at 19%, while positive tweets were at 15%.


Notably, both the negative and the positive sentiments followed the Bitcoin criticism and the Tesla announcement, but positive ones did so to a smaller degree. "Some people bought into Musk's defense that the fact Tesla still held bitcoin on its balance sheet was a major example to other corporations looking to possibly do the same," crypto investor David Gokhshtein was quoted as saying.

To some, this likely wouldn't be a surprise. Less than two weeks ago, Buterin argued that the recent price crash will teach crypto markets a lesson, that people will stop hanging on every Musk's tweeted word, and that the markets will "build up an immune system over time."

Additional negative sentiment came from dogecoin (DOGE) supporters, following Musk's Saturday Night Live appearance and the subsequent DOGE drop.


Nonetheless, Musk still gained more than 3m followers in May, currently counting some 56.4m in total.

And while Twitter sentiment may not affect Musk, a potential impact on his companies may. "Elon is wading into an area that's maybe not the best of statements to make because the fact of the matter is bitcoin is the future of digital currencies, it's the root of it," Tesla investor and Gerber Kawasaki CEO, Ross Gerber, was quoted as saying. While criticizing Bitcoin's carbon footprint is logical, he said, "it's a very dangerous area for Elon to get in when he's causing people losses like he did the other day and it turns people against him and ultimately Tesla. learn more

48
Lawyers representing Ripple Labs, its CEO Brad Garlinghouse and a co-founder, Chris Larsen, filed a motion Friday to compel the Securities and Exchange Commission to produce two sets of documents that the company requested earlier this year.

The documents relate to SEC communications with third parties regarding bitcoin (BTC, +1.9%), XRP (+3.16%) or ether (ETH, +5.03%). Ripple is seeking to force the SEC to disclose why it came to the conclusion that bitcoin and ether are commodities, not securities like XRP.
Last December, the SEC filed a complaint alleging that Ripple raised over $1.3 billion through an unregistered, ongoing digital asset securities offering. The agency is seeking injunctive relief. "We allege that Ripple, Larsen, and Garlinghouse failed to register their ongoing offer and sale of billions of XRP to retail investors, which deprived potential purchasers of adequate disclosures about XRP...,” said Stephanie Avakian, Director of the SEC's Enforcement Division, in a December press release.
On April 6 and May 6, United States Magistrate Judge Sarah Netburn of New York’s Southern District had ordered the SEC to provide the documents, but the agency has yet to comply, citing relevance.
The two sides have met independently five times to try to resolve the issue, most recently on June 1, according to the Ripple motion.
At CoinDesk’s Consensus 2021 event last month, Garlinghouse said he felt the case had broader repercussions for how cryptocurrency is viewed in the U.S.
Source

49
New technologies, including blockchain and cryptocurrency mining, have helped Iran to increase budget receipts and withstand foreign sanctions, according to the country’s minister for economy and finance. The high-ranking official believes the government can’t interfere with their development for too long.
 Source: https://news.bitcoin.com/government-cannot-stand-in-the-way-of-crypto-technologies-iran-minister-says/

50
Ethereum News & Updates / Is it worth mining ethereum 2021?
« on: June 04, 2021, 05:31:39 PM »
Miners weigh in on lucrative ETH mining payouts as the blockchain eyes a transition away from its proof-of-work consensus in 2021. Ethereum miners continue to enjoy lucrative payouts for their efforts in 2021, while the smart contract blockchain platform edges closer to a move away from its proof-of-work consensus.
Source: https://www.google.com/search?q=ethereum+news+2021&client=ms-android-xiaomi-rev2&sxsrf=ALeKk0349Gw-rWCHnmJrUfK2SD0niUS6NQ%3A1622820622804&ei=Dke6YO65MPqE4t4PxIa5wAY&oq=ethereum+news+2021&gs_lcp=ChNtb2JpbGUtZ3dzLXdpei1zZXJwEAM6BAgAEEdQyRBYzydg_TFoAHABeACAAZIPiAHEOJIBAzgtNJgBAKABAcgBCMABAQ&sclient=mobile-gws-wiz-serp

51
Ethereum Forum / When etherium Hit $5k
« on: June 04, 2021, 05:29:16 PM »
We have been waiting for a long time to touch a new milestone of Ethereum. The price of etherium has gone down a lot in the past. But then for a little while Ethereum can touch  $5k. But do you think Etherium could touch $5k?

52
DeFi tokens / What is decentralized finance (DeFi)?
« on: June 03, 2021, 04:52:58 PM »
Cryptocurrencies have exploded into a trillion-dollar industry today, sparking a wave of worldwide financial disruption.

At the heart of cryptocurrencies is a remarkable history of innovation that goes back to the 1980s, with advancements in cryptography. Since then, a series of events have shaped crypto space; the first cryptocurrency, Bitcoin, being the most prominent. Despite its spectacular growth in the past 12 years, financial services have very slowly appeared for Bitcoin — mostly due to its inherent lack of stability and adoption. Mainstream institutions won’t accept a Bitcoin loan because of its significant price volatility — it makes Bitcoin a poor asset to plan any investment accurately.

Things change quickly in the crypto space, and decentralized finance (DeFi) is a current trend — it's an exciting space to be, undoubtedly. If you're still unaware, let’s dig a little deeper into DeFi and learn more about it.
https://hedera.com/learning/what-is-decentralized-finance?gclid=Cj0KCQjw--GFBhDeARIsACH_kdZsjr6XlvYXQ5eqCo8f0qDVNAAJPKsU8PoI5mdNUA9DLoGQ-iUKpKAaAp5pEALw_wcB

53
DeFi tokens / Favorite DeFi tokens
« on: June 03, 2021, 04:45:04 PM »
Most of DeFi tokens are now get very good position in cryptocurrency. We know that DeFi tokens are very strong Token in cryptocurrency. Number of favorite DeFi tokens are,
Polkadot
Etherium
UNI
YFI
DIA
MKR
And others

54
Litecoin Forum / Litecoin vs binance Coin
« on: May 20, 2021, 07:30:23 AM »
There are currently many coins in cryptocurrency, including light coins and binance coins. But now Binance Coin is take very good position than litecoin. Can you think litecoin  also overtake binance.

55
Litecoin Forum / What Is LTC?
« on: May 19, 2021, 10:16:43 AM »


What Is LTC?
LTC is the ticker symbol of Litecoin. Note that Litecoins are not purchased by governments but mined and released under MIT/X11 lісеnѕеѕ.

The good news is that this popular coin can be found on nearly every exchange and be used for investing, trading, purchasing goods, and everyday transactions.

Furthermore, innovative technologies, such as the Lightning Network and Atomic Swaps, enhance instant global financial settlements and cross-blockchain trading.

For those new to the realm of cryptocurrencies and blockchain technologies, we should note that Atomic Swaps are defined as smart contracts that allow the exchange of one cryptocurrency for another. The Lightning Network, on the other hand, is defined as a second layer technology that uses micropayment channels to make transactions more efficient.
Source: https://trading-education.com/what-is-litecoin-and-is-it-worth-investing-in-ltc

56
Crypto Wallets / Mycelium cryptocurrency wallet
« on: May 03, 2021, 01:32:19 AM »
The Mycelium cryptocurrency wallet is one of the oldest and most popular Bitcoin wallets available exclusively for mobile platforms, having first been released in 2013 as an Android app before later being ported to iOS as well.

Mycelium describes itself as the “default Bitcoin wallet” and while its claims to the title of most well-rated cryptocurrency wallet on the Play Store isn’t really accurate anymore, the app does have several noteworthy features.

For starters, Mycelium is entirely open source, which is one of the most essential features for any good cryptocurrency wallet. The app also relies on the Simplified Payment Verification (SPV) technique, which allows it to confirm transactions without having to download the entire blockchain.

Since mobile devices are insecure in some regards and more prone to theft, the developers of Mycelium have implemented a handful of features to improve the security profile of the app, without overly complicating the interface.

Source:
https://www.techradar.com/reviews/mycelium-cryptocurrency-wallet

57
Crypto Wallets / Top 5 android wallet in 2021
« on: May 02, 2021, 01:38:06 AM »
I think Top 5 android wallets in 2021 goes to
Trust wallet.
Myetherwallet.
MetaMask wallet
Safepal wallet.
Coinbase wallet.
What do you think, Am I right?? Please comments.

58
Binance / Is it safe to keep money in Binance?
« on: May 01, 2021, 10:52:20 AM »
Binance is definitely one of those exchanges that are taking their security seriously, and because of that, Binance is a great platform to use for trading cryptocurrencies. ... Hence, storing funds for long-term storage on Binance and any other exchange is a big no.
Source:
https://www.google.com/search?q=about+binance+exchange&oq=about+binance&aqs=chrome.1.69i57j0l4.4273j0j4&client=ms-android-xiaomi-rev2&sourceid=chrome-mobile&ie=UTF-8

59
Crypto Exchanges / Top Cryptocurrency Exchanges Ranking
« on: May 01, 2021, 10:48:27 AM »
Top Crypto Exchanges,

Source: https://www.coingecko.com/en/exchanges

60

A multicurrency wallet is a program responsible for storing one’s public and private keys and carrying out operations with numerous owned crypto assets. It allows you to send, receive, and check the available balance of your cryptocurrencies. Why are they important? They are totally necessary if we want to have any cryptocurrency since it is used to store and carry out transactions. Making a simple comparison one could say that it is similar to a bank account. Usually, in our day-to-day, we carry out a series of actions when we use traditional money (fiat): collect payroll at the bank, make bank transfers, shop in stores, etc. When we talk about crypto, all the previous steps can be done with your cryptocurrency digital wallet.
When you are new to this world of cryptocurrencies, owning the best multi-coin wallet that fits your needs and stores multiple currencies on top of that becomes essential. However, the fear of the unknown can stop you from choosing one out of so many options. It is natural to fall into this dilemma. That’s why it is important to familiarize yourself with their use and here are some of the best multicurrency wallets to choose from.
Source: https://swapspaceco.medium.com/top-7-multicurrency-wallets-2020-703889f5bd3b

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