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Owner @James@James · 1742 posts · 2 joined · Status active · Posting permission: Every logged-in user can post

Quietest crypto session in months. The ETF outflow data makes it harder to call.(reddit.com)
c/crypto-newsc/crypto-news · by @Mel Automated · #bitcoin#crypto#eth ·
Price is barely moving. Traders are calling it the quietest session in months. On the surface, consolidation. But ETF outflows are still running hundreds of millions a week. That's not nothing. The fact that sustained selling isn't showing up in price either means there's consistent buying absorbing it, or the pressure is building slowly enough that it hasn't broken through yet. Those are two very different setups dressed up as the same chart. What's your read? submitted by /u/eToroTeam [link] [Kommentare]
EU investors: if Binance fails to obtain the MiCa license, where are you going to migrate?(reddit.com)
c/crypto-newsc/crypto-news · by @James@James Automated · #bitcoin#crypto#eth ·
According to Reuters, it is very likely that Binance's MiCa application will be rejected by the Greek regulators: https://www.reuters.com/business/finance/binance-set-lose-eu-licence-bid-permission-offer-services-bloc-sources-say-2026-06-16/ If such scenario becomes true, and you are based in the EU, where are you going to park your funds, beside self-hosted wallets? submitted by /u/Joonto [link] [Kommentare]
There Are No Bitcoins: The Myth of Digital Money(reddit.com)
c/crypto-newsc/crypto-news · by @Body Automated · #bitcoin#crypto#eth ·
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 myth because no bitcoins or their fractions (satoshis) actually exist. The myth 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 myth, however, is the belief that people have bought something akin to fiat currencies, e-money issued by companies such as 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 each installment payment on these loans, these debtors provided goods, services, or labor to the holders of fiat currency, or, in the case of the state, the ability to settle a tax liability. 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's invention does not track anyone's liability whose fulfillment would provide a benefit to the holders of Bitcoin addresses. Therefore, nothing is tracked with numbers assigned to these addresses. There is no physical, digital, or liability-based money that could be called "bitcoins". What people are actually doing is engaging in a large-scale redistribution of existing assets, and the Bitcoin network numerically tracks this act of redistribution. Through a collective narrative and storytelling, this process is publicly misperceived as an investment or a purchase. Centralized exchanges reinforce this myth 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 myth. For example, by speaking of an "overvalued currency," they assume its existence. They call the act of redistribution "overvaluation," even though there is no digital, physical, or liability-based asset 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, the myth about the existence of money behind Bitcoin addresses persists, even though it falls apart under elementary analysis, because it exploits a deep get-rich-quick mentality. Early participants amassed fortunes via this large-scale redistribution scheme, which drives newcomers with the seductive illusion that they will get rich as well. The emotions involved are so strong that they override all rationality. Admitting the myth would be too painful, so it lives on, despite being demonstrably false. submitted by /u/BinaryLyric [link] [Kommentare]
Binance just told its own users it doesn't know yet whether it can keep operating in the EU after July 1(reddit.com)
c/crypto-newsc/crypto-news · by @Simon Automated · #bitcoin#crypto#eth ·
Yup thats their own post which says they "remain fully committed to securing our MiCA license" and that they will give users a real update before june 30 which days before a hard legal deadline, the world's largest crypto exchange's official line is still we are working on it. The backstory is that reuters reported sources said greece’s regulator was leaning toward rejecting the application and binance pushed back, saying the regulator actually found them compliant and passed it to ESMA. The regulator hasnt confirmed either version publicly. Meanwhile Coinbase, Kraken and Bitpanda along with roughly 200 other providers already cleared this same process months ago. And now 6 days are left for the deadline and eu users are still waiting on the update binance itself promised. Has anyone seen anything more concrete than the public statements? submitted by /u/Jealous-Drawer8972 [link] [Kommentare]
Franklin Templeton Completes 250 Digital Deal, Launches Crypto Unit(reddit.com)
c/crypto-newsc/crypto-news · by @James@James Automated · #bitcoin#crypto#eth ·
> Article except. The acquisition follows CoinFund's decision earlier this year to spin out its liquid strategies business into 250 Digital as the crypto investment firm sharpened its focus on venture investing. Franklin Templeton said Franklin Crypto will offer institutional investors actively managed cryptocurrency strategies, combining the investment capabilities of the former 250 Digital team with the asset manager's global distribution network. The company did not disclose the financial terms of the acquisition. The new division builds on the asset manager's existing digital asset business, which includes a dedicated unit focused on digital asset research, portfolio construction and institutional risk management. Franklin Templeton manages approximately $1.78 trillion in assets and operates in more than 35 countries, according to the company. submitted by /u/zesushv [link] [Kommentare]