c/crypto-news

Q: What is this? A: The BCH and XMR community are experimenting with exposing the naked shorting used by exchanges (famously Binance didn't even report their BCH reserves for a very long time - unlike other major coins). Of course, this is simply another manifestation of attempts to suppress p2p cash as outlined in "Hijacking Bitcoin" book. The idea is to regularly coordinate a day when the community withdraws coins from exchanges to on-chain wallets and suck up all the available liquidity, create an impact on the price & in an extreme case blow up a naked shorting exchange that can't meet its BCH/XMR obligations. Think of it like GME & Wall Street Bets for BCH, or the XMR community has a similar idea called "Monerun". This was discussed on Podcast episode 142 if you want to hear more. Q: When? A: Now. Any time during the window 0:00 - 23:59 on bank run day UTC time ideally, but if you miss the window slightly that's fine the day after still works. The bank run repeats on the 1st & 15th of each month. Q: How do I participate? A: Buy BCH on any custodial exchange (with any fiat or other crypto) & withdraw to your self custodial wallet. Then like this thread & leave a comment saying you participated. Any exchange that is easiest for you or crypto ATM or even any p2p trade works - as long as you are increasing your BCH held self-custodially then you are contributing to the pressure on custodially held BCH supply (which will naturally flow through the market). Q: What if I don't use exchanges / all my funds are in BCH already? A: Great work on living the p2p cash dream! You can still contribute by selling some goods & services on that day in order to increase your self-custodial BCH, as well as make noise on social media to spread the word to others! Q: If this is predictably repeated & publicly announced, can't people "frontrun" it by selling into our volume? A: Yes, but that's a win if they do. If BCH & XMR Bank Runs are popular enough to noticeably move the price, it's already working. If it's getting enough attention that new people are getting interested in the ecosystem & think about it regularly - even if they start out as speculators - that's a win. The curiosity of why BCH and XMR are uniquely acting like this will lead them to delve deeper sooner or later. Q: Anything else I need to know? A: BCH and XMR both have gained significant ranks in marketcap since this initiative began. Coincidence? Hard to say. Exchanges issues have been plentiful in blocking withdraws. The whole market is obviously a scam, but the good news is that bank runs is one way we can potentially uncover naked shorting activity. Keep an eye on the price & watch the price today & this week to see what happens (or distress among custodial exchanges). I will update this thread with anything I notice. NOT YOUR KEYS, NOT YOUR COINS! (Above text at the courtesy of u/Shibinator.) More info: https://bitcoincashpodcast.com/faqs/Culture/what-is-bch-bank-run 🚨🚨🚨 submitted by /u/DangerHighVoltage111 [link] [Kommentare]

Most new crypto launches feel structurally unwinnable for normal users. By the time something gets attention, the supply is usually already carved up between insiders, market makers, KOL allocations, private rounds, and whatever opaque treasury setup exists behind the scenes. Retail shows up as exit liquidity, then everyone acts shocked when the chart does exactly what you would expect to happen lol The only meme coins I find interesting now are the ones where distribution itself is the product. Wide holder base, organic lore, actual community persistence, and no obvious “VC unlock doom clock” hanging over it. That’s why I’ve been watching UwU (unicorn and memes) more closely. Not saying it’s guaranteed to do anything, but the setup is at least different: large holder count, airdrop-originated distribution, weirdly durable community, and an actual meme primitive that is simple enough to spread outside crypto. Could go to zero like everything else in this sector. But compared to the usual cabal-launched chart with 14 influencers pretending they “just found it,” this feels like one of the cleaner experiments in whether distribution + lore can still matter. Curious what people here think: in memes, what do you look for in winners? submitted by /u/bostonballer [link] [Kommentare]

A digital-first broadcast that brings the entire industry under one roof to anchor conversations for a global audience of founders, builders, institutions, enterprises, capital allocators and decision-makers—with no travel required. ​Premiering on Wednesday, August 5th, this high-signal, high-production news-style broadcast delivers the same quality conversations you expect on stage at our IRL events, now produced for a digital audience. submitted by /u/semanticweb [link] [Kommentare]

When we look at past technologies, like the internet, it was revolutionary at the time, but it was really just a network of computers connected by cables, sending data to each other. Decades later, we got browsers, search engines, online shopping, and eventually companies like Amazon. That’s when the internet became something everyone actually used. What I’m proposing is that crypto hasn’t yet had that next groundbreaking technology built on top of it. Think about it. Why should the average person want to use crypto in its current state? Where are the popular dApps? Why would I transfer my money using crypto when my bank already does it instantly and, for me, for free? Which is why I think crypto needs another technology built together with it. Who knows, maybe someone figures out how to rent out their PC or GPU in exchange for tokens that can then be used to pay for AI models. Crypto wouldn’t be the product, it would be the thing powering the system in the background. But even then, I think that would mostly interest people who are already into tech. What crypto really needs is its own ChatGPT moment. Something so useful that millions of people use it every day without even caring that crypto is running underneath it. Maybe cryptocurrency isn’t the final product. Maybe it’s just one piece of a much bigger puzzle. submitted by /u/sokic [link] [Kommentare]

I’m honestly devastated right now. Early this morning around 03:00, I saw that my Vantage Markets account was accessed without my permission, and when I woke up I saw that all my money was gone. This is what happened: Someone managed to log into my Vantage account while I was asleep. All my funds were withdrawn to this wallet: 0x4F9F5AE17A16A8b3205802790b550e6df2D53784 I’ve never added a crypto wallet, never deposited crypto, never withdrawn crypto. I only ever used Google Play withdrawals. I've never clicked any suspicious links and/or share my info What I’ve already done: Contacted Vantage support Changed all my passwords My questions: Has anyone experienced something similar with Vantage or any other broker? Did anyone ever get their money refunded after an unauthorized withdrawal? How should I approach Vantage to maximize the chance of getting my money back? Should I contact AFM / police / the fraud helpdesk right away? Will it help? I'm from the Netherlands. Any advice from people who’ve gone through something like this? This is a huge financial hit for me, and I’m trying to stay calm, but I’ve never dealt with anything like this before and I really need guidance. Sorry for the generated text. I’m in complete shock and have never experienced anything like this before :( submitted by /u/Kaliberrrr [link] [Kommentare]

Im thinking of going heavy on link, i see big future potential there. Despite all the adoptions the price is rilly low. What do you guys think? Should i buy cupnoodles already submitted by /u/FplJere [link] [Kommentare]

I’m trying to move my smaller trades away from CEXs to aggregators, but I’m struggling to vet their reliability. CEXs at least have audit histories and proof of reserves, whereas aggregators feel like a black box. I don't want to just blindly trust online reviews. > For those who use them: do the final rates actually match what's shown on the widget? Also, if a swap ever gets delayed or stuck, how responsive is their support team? submitted by /u/ciarcat [link] [Kommentare]

Bit of a noob question, but I used to swap through platov.cc and now I’m only seeing platov.co everywhere. The interface and branding look very similar, but the domain is different, which always makes me nervous with anything crypto‑related. Did they just move from .cc to .co and leave the old domain behind, or is this a different thing entirely that just looks the same? Anyone here know if platov.co is the same legit service that was on platov.cc, or should I be treating it as a separate, untrusted site and start with a tiny test only? submitted by /u/ibrahimdigital [link] [Kommentare]

I personally will rather hold my alts til zero than sell at a loss. My 4th cycle and I've seen this story before. Hold patient everyone😎 submitted by /u/Asleep_Assumption825 [link] [Kommentare]

> Article except. Almost 1,700 British investors are seeking at least £150 million, or about $200 million, from Binance and Changpeng Zhao, according to Reuters. The case was filed in London’s High Court and names Binance Holdings, UAE-registered Nest Exchange, Zhao and “persons unknown” linked to the Binance trading platform. The claimants allege Binance sold risky and complex crypto derivative products without the needed regulatory authorization. They say the products included leveraged tokens, futures contracts and options, which can raise gains but also deepen losses when markets move against traders. submitted by /u/zesushv [link] [Kommentare]

https://www.bbc.com/news/articles/cvgmv98ez3zo?at\_campaign=Social\_Flow&at\_ptr\_name=linked\_in\_page&at\_medium=social&at\_link\_id=86D5FCA6-74F2-11F1-8636-FDC80084D829&at\_bbc\_team=editorial&at\_link\_type=web\_link&at\_link\_origin=BBC\_News&at\_format=image&at\_campaign\_type=owned submitted by /u/sombreboi [link] [Kommentare]