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CFTC Settlement Bans Celsius Founder Mashinsky From Trading(reddit.com)
> Except from article. “Mashinsky and Celsius engaged in a scheme to defraud hundreds of thousands of customers by mispresenting the safety, profitability, and regulatory compliance of Celsius’ digital asset-based finance platform,” the regulator said. The latest order means Mashinsky will never be able to trade US commodities, futures and derivatives. Earlier this year, the CFTC and the US Securities and Exchange Commission issued guidance saying they considered most major cryptocurrencies to be commodities. ​ submitted by /u/zesushv [link] [Kommentare]
The Emotional Blind Spot of Bitcoin Investors(reddit.com)
Whenever I tell my friends, colleagues, or people on online forums who joined Bitcoin that it is not smart to trade away anything for Bitcoin because it offers neither utility nor a systemic return, their universal response is always the same. They claim it is a currency, a token designed simply to facilitate trade, and not a commodity or a stock. Then I explain that not a single currency in human history has existed without either utility or return. When money was commodity-based, it could be used outside of its monetary role. Today, in our fiat system where money is debt-based, debtors to commercial and central banks provide a return to money holders prior to every debt repayment. They give them either products, services, labor, or tax settlements to get the money for these repayments. A Bitcoin investment provides neither because bitcoins are just digital fractions of a fixed number, twenty-one million, imagined by an unknown programmer. This programmer simply wrote a protocol to assign these fractions to addresses, relying on a network that records and cryptographically secures everything in a decentralized database. Anyone who trades away anything to hold these digital fractions will receive nothing from the programmer or the network. It is not like PayPal, Revolut or "stablecoin" issuers, which redeem their digital balances for fiat currency. Unfortunately, I have realized that none of these people actually care. They are so emotional about the fact that some people made a lot of money trading Bitcoin that no rational argument can reach them. What's more, they often even get offended when you critically evaluate their investment. But once the hype is gone, these investors will finally realize what it truly means to invest in something that offers neither utility nor systemic return. By then, however, it will be far too late. submitted by /u/BinaryLyric [link] [Kommentare]
CoinGecko/CoinMarketCap alternative for finding the best and worst performers across any custom date range(reddit.com)
We built an app that shows cryptocurrencies on the main page just like CoinGecko and CoinMarketcap, but also with added ability where you can select any range on the chart and get which coins performed best and which performed the worst during that time period. The basic idea is simple: Select a date range on the chart See the top and worst performers instantly Link of the website is: https://cointrends.xyz/trends We’d love to hear feedback from everyone. Is this something you would use when researching market moves and altcoin strength/weakness? Also what other features do you guys feel CoinMarketCap and CoinGecko are missing? https://preview.redd.it/ahuwx007n68h1.png?width=1541&format=png&auto=webp&s=7bfd6a4f5d29f98c2cb0357a8c3b02c4478d0b61 submitted by /u/SirGrosh [link] [Kommentare]
The boring side of crypto is probably the part that matters now(reddit.com)
Crypto still gets talked about like it’s all memes, leverage, and people trying to hit a 10x in a weekend. But the part that actually seems to be working is way more boring. Stablecoins! Tokenized Treasuries! Tokenized funds! Maybe tokenized stocks soon! Basically the stuff that sounds the least exciting is the stuff that might actually become financial infrastructure. I think stablecoins are the cleanest example. People can argue about most crypto use cases forever, but moving dollar-like value around the internet is pretty obviously useful. Tokenized Treasuries also make sense. Not because it’s some revolutionary idea, but because it’s a cleaner wrapper around something people already understand. The average person doesn’t really care what chain something is on. They care about whether they’re getting a good rate, how much they’re losing in fees, whether the platform is sketchy, and whether they can get in and out without getting screwed. That’s probably where crypto gets more useful. Less moonboy stuff! More routing, settlement, liquidity, rates, fees, and access. Still plenty of hype and nonsense in tokenization, but the boring side of crypto feels like the part institutions actually care about! submitted by /u/Roaring_lion_ [link] [Kommentare]
Hawk ◎ is now live on the Chrome Web Store.(reddit.com)
Hawk extension has passed review and published on Chrome Web Store Now anyone can do a one-click install. What is Hawk ◎ ? Traders stare at charts for hours. That screen space is some of the most-watched real estate in crypto. So I turned the dead zone under your chart into an ad marketplace. Advertisers bid for ads. You keep 50% in USDC. gethawk.xyz submitted by /u/Fearless_Run4 [link] [Kommentare]
What's the best way to market a crypto app?(reddit.com)
So I'm given the task of marketing a crypto app by my boss. The app just gives you analysis and market news with no auto trading. Our target user is people new to crypto. Right now I'm just trying to get signups. Where do you think is the place where I can get my first users? X, Tiktok, Telegram, or SEO? Please I'm a new grad with very little marketing experience and I am also new to crypto. The job market is tough so I don't want to lose my job 🥹 Thanks everyone! submitted by /u/b1f6c1c4 [link] [Kommentare]