c/crypto-news

> Article highlight. In the days before a key Senate vote, the American Bankers Association sent more than 8,000 letters trying to change one provision of the CLARITY Act. The fight is not really about crypto. It is about whether stablecoins are allowed to compete with bank deposits, and the answer could reshape both industries. A yield-bearing stablecoin offers a stable dollar value, easy access and transferability on crypto rails, and interest funded by the reserves, which is to say it offers a substitute for a bank deposit, potentially a more convenient and higher-yielding one, outside the banking system. If holders can earn a competitive return on a stablecoin that moves freely on the blockchain, why keep money in a bank account paying little interest? That is the question banks do not want their customers asking. submitted by /u/zesushv [link] [Kommentare]

Blockonomics now supports searching text inscribed in the blockchain using OP_RETURN. For example, searching United States which result a transaction containing the constitution of USA submitted by /u/blockonomics_co [link] [Kommentare]

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TL;DR for anyone who doesn’t click: Binance is adding bStocks, which are 1:1-backed tokenized U.S. securities issued as BEP-20 tokens on BNB Smart Chain. In plain English, that means users can access tokenized versions of stocks through BNB Chain, trade them 24/7, keep them in self-custody wallets like Binance Wallet or Trust Wallet, and use them across DeFi protocols instead of leaving them stuck inside a traditional brokerage account. The blog says bStocks will support zero-fee 1:1 conversion, daily Proof of Collateral, and DeFi integrations with protocols like Venus, Lista DAO, PancakeSwap, and Aster. The first supported assets include tokenized exposure to Circle, Micron, NVIDIA, Sandisk, and Tesla, with SpaceX listed as an upcoming asset. BNB Chain is pushing tokenized stocks beyond simple trading. The aim is to make real-world assets usable across DeFi, where users can hold, move, trade, lend, or provide liquidity with tokenized securities while staying in control of their assets. submitted by /u/FTXACCOUNTANT [link] [Kommentare]

I've noticed that most traders eventually switch exchanges at some point. Sometimes it's because of fees, sometimes security concerns, and sometimes just a better user experience. What was the main reason you left an exchange and moved to a different one? Lower fees? Better security? Faster withdrawals? Better customer support? More trading pairs? Curious to hear everyone's experiences. submitted by /u/bigbird212 [link] [Kommentare]

You know how people say: "I bought 3 bitcoins," "I invested in bitcoins," "I'm stacking satoshis," "I transferred bitcoins to my wallet," or "I mined bitcoins"? However, all of this is a misconception because no bitcoins or their fractions (satoshis) actually exist. The piggy bank is empty. The misconception stems from a post by an unknown programmer who claimed to have invented a payment system that transfers money. But all his invention does is maintain a decentralized database over a peer-to-peer network that shows which numbers belong to which addresses. People came to believe that this network and its underlying protocol, collectively known as Bitcoin, record an amount of money, namely these bitcoins (abbreviated as BTC), in the database. But that money is not there. For instance, people often claim they have bought digital money, even though nothing digital exists in proportion to the assigned numbers. A person whose address is assigned the number "50" cannot show fifty files, data structures, or software products. There are no digital "bitcoin objects" that can be mined, bought, owned, moved, or used. It is even more obvious that nothing physical exists. Despite media illustrations of metal coins stamped with the '₿' symbol and frequent claims that one is buying something comparable to collectibles or commodities, no fifty tangible units of any kind are stored or reserved for the person next to whose address stands "50." The most common misconception, however, is that people believe they have bought something akin to fiat currencies, e-money issued by companies like PayPal, tokens, or even stocks. Yet, all of the above are instruments of liability, where the holder derives a benefit upon the fulfillment of that liability. Stocks track a company's obligation to its shareholders. When companies decide to distribute profits, execute stock buybacks, or liquidate the business, they are legally required to make direct payments to shareholders. PayPal’s e-money and tokens, like casino chips, track the issuer's obligation to redeem them for a specified amount of fiat currency. Fiat currencies track the obligations of those who took out loans from commercial and central banks. Before repaying their loans, these debtors provide goods, services, and labor to holders of fiat currency, or, in the case of the state, the settlement of tax liabilities. If debtors default on their payments, banks seize their property, offering them at auctions to holders of fiat currency, providing them with a benefit in that way. That unknown programmer, through his invention, does not track anyone's liability whose realization would provide a benefit to the holders of Bitcoin addresses. Therefore, there are no bitcoins to be mined or bought. What people are actually doing is giving away electrical energy, money, goods, and services, and the Bitcoin network numerically tracks this act of gifting. Through a collective narrative and storytelling, this act is publicly misperceived as an investment or a purchase. Centralized exchanges reinforce this misconception most aggressively by displaying the "BTC" ticker and USD side-by-side on trading interfaces. This is a visual lie, where the interface assumes that "something" stands behind the letters "BTC," just as a liability stands behind "USD." Even critics participate in the misconception. For example, by speaking of an "overvalued currency," they assume its existence. They call the act of gifting "overvaluation," even though there is no digital, physical, or legal thing that the user has received and could value. You cannot say the price is too high when there is nothing to compare it to. Since there are only numbers in a database, the word "overvalued" makes no sense. You cannot overvalue the number 50; it is simply 50. In short, this entire misconception boils down to people gifting existing wealth to one another in the hope that tomorrow someone else will gift them more, all while convinced they are investing in the money of the future. It will all collapse when the public realizes that this money simply does not exist. submitted by /u/BinaryLyric [link] [Kommentare]

2 weeks ago I posted this: https://www.reddit.com/r/CryptoCurrency/comments/1tzsxo4/getting_blockchain_support/ For the past 2 weeks, I've been getting identical emails from [support@blockchain.com](mailto:support@blockchain.com) signed by zendesk: Hi there, Thank you for following up with us. We want to assure you that our dedicated team is actively reviewing your case. We truly appreciate your patience during this time and are doing everything we can to complete the review as quickly as possible. We understand how frustrating this delay can be, and we sincerely apologize for any inconvenience it has caused. As soon as we have an update, we will share all the information directly through this ticket. To help us serve you better, please avoid creating multiple tickets or requests regarding this issue. Clearly, something is wrong, but I have no idea what else I can do. I tried contacting blockchain through their chat, but they cut me off. I also can't move the funds out of the wallet. What are my options at this point? submitted by /u/Ornery_Dependent250 [link] [Kommentare]

Welcome to the Daily Crypto Discussion thread. Please read the disclaimer and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here. Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams. Rules: All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect. Discussion topics must be related to cryptocurrency. Behave with civility and politeness. Do not use offensive, racist or homophobic language. Comments will be sorted by newest first. Useful Links: Beginner Resources Intro to r/Cryptocurrency MOONs 🌔 MOONs Wiki Page r/CryptoCurrency Discord r/CryptoCurrencyMemes Prior Daily Discussions - (Link fixed.) r/CryptoCurrencyMeta - Join in on all meta discussions regarding r/CryptoCurrency whether it be moon distributions or governance. Finding Other Discussion Threads Follow a mod account below to be notified in your home feed when the latest r/CC discussion thread of your interest is posted. u/CryptoDaily- — Posts the Daily Crypto Discussion threads. u/CryptoSkeptics — Posts the Monthly Skeptics Discussion threads. u/CryptoOptimists- — Posts the Monthly Optimists Discussion threads. u/CryptoNewsUpdates — Posts the Monthly News Summary threads. submitted by /u/AutoModerator [link] [Kommentare]

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