A report in August by the regulator of the US audit profession, said its inspectors found deficiencies in all four of the public company audits carried out by Prager Metis. Prager Metis is the audit firm for FTX and the other is Armanino. FT reported.
I just did the work for everyone else: Block 147347 was likely was mined by OP Address: 12ebp477z1LZYn6r5z7hFDMHi13B9estVs is likely not his Address: 1FT4DqK8mvfRxXJJRi5Pkv5bd9EZyioQPM is likely his and now it is empty This kind of detective work is not difficult to do by hand once you get a feel for how the blockchain works. We should not be posting our addresses online unless they are to actually receive BTC from strangers. Addresses today are one time use for security purposes. Take a look at the details on mempool.space.
You realize $100 per day is more than most people earn working a FT job, right? lol 😂 I used to be one of those people and I did what you suggested, I was broke, starving, ate dinner for breakfast and water for dinner for almost a month. I actually did see a nice return on my investment but my hospital bills after almost dying from malnourishment wiped out most my gains. Next time I decide to venture into crypto, I will do $100 a week but visit the food bank at least one time a week for bread and maybe some legumes so I don’t make the same mistake. This time, bean toast for breakfast, breakfast for dinner, and water for emergency only
Didn't they already announce that it will be in 2024? I don't see them approving the FT one today after pushing the Grayscale one to 2024. https://www.coindesk.com/policy/2023/11/15/sec-delays-decision-on-hashdex-bitcoin-spot-etf-application-grayscale-ether-futures-filing/
1) Anyone who thinks that the way to build a better financial system is to have a council of corporations and banks controlling the base layer needs to take a long hard look at themselves. 2) Hedera has been running for ages and about 99% of all transactions come from a single entity. It basically has no users. 3) The one company using the network only does so because their transactions are subsidized. They don't pay to use it. Occasionally their wallets run out of free funds and so they stop using Hedera, during which times the TPS drops by about 99%. 4) No one except the council members can run nodes, which means that no regular users can verify anything. The whole thing is based on 'trust us'. 5) The number of developers building on the network has dropped by over 1/3rd in just the last year. That is not a sign of a growing project. 6) Because no one is using Hedera, the only use for the token is 'staking', which unlike most PoS chains doesn't actually provide any security for the network and is very clearly just a way to tie up liquidity as the value is inflated away. 7) Here's an image I made yesterday of the chart of HBAR vs ETH. Spoilers, the trend is very clearly down only. https://i.imgur.com/VGsk1FT.png
I tried to engage you sensibly when you jumped in to talk about SNARKs and Statelessness but it is very clear that all you wanted was some reason to defend your dying shitcoin by attacking something you had never even heard of, let alone understood. > You shit on Hedera yet you bring nothing Well I made you something, https://i.imgur.com/VGsk1FT.png
Yes! This is why people who claim that an ETF can ruin bitcoin are delusional. The supply is fixed so there is only so much for them to buy and hold. Look at Microstrategy, for instance… they have been buying hard before any sort of regulatory clarity for institutions and they haven’t even been able to get 1 percent of supply. Once there is regulatory clarity the cost of buying incrementally will cause bitcoin to go up a lot.. Most bitcoin that will ever be mined is being hodled hard or lost forever. In reality there is less than 2 million to mine and conservatively speaking 5 million lost forever. Miners are collectively holding less than 1 percent of supply. Once the flood gates open, whose selling to blackrock, fidelity, FT, and other big institutions? The miners? Sure. The speculators? Sure. Whales? Maybe some. Hodlers? Not a chance. Point is btw the big money managers there will only be so much they can buy before sending then price to the moon. My two cents…
Makes me want to start a new crypto project. “Big Mac Coin” (BMC)…. To acquire BMC, you must first deposit (send in the mail) your physical coin to my PO Box and in return “I PROMISE” to issue either a FT (BMC) or an NFT of a Big Mac (hand drawn by me) Other great ideas to come.
Here the link for the site https://www.uif.gob.sv/ It's called UIF Unidad Investigación Financiera from the FGR loosely translated to Financial Investigation Unit from the D.A. Office. Here's FAQs about the law: https://www.uif.gob.sv/preguntas-operaciones-reguladas/ 3.¿Qué se entiende por operaciones reguladas en otros medios? Spanish: Respuesta: Se entenderá por “otro medio” cualquier título valor que no sea en papel moneda o metálica, tales como cheques, pagos con tarjetas de crédito y débito y bitcoin (Artículo 51, Inciso 2do, número 3, Instructivo para la Prevención, Detección y Control de LDA/FT/FPADM) (Art, Ley Bitcoin). English: 3.What is meant by regulated operations in other media? Answer: “Other means” will be understood as any valuable instrument that is not in paper money or metal, such as checks, payments with credit and debit cards and bitcoin (Article 51, Section 2, number 3, Instructions for Prevention, Detection and Control of LDA/FT/FPADM) (Art, Bitcoin Law
The recent AMA is a good place to start: https://old.reddit.com/r/CryptoCurrency/comments/173kcfl/nervos_nation_community_ama_and_the_nervos/ Some very exciting developments are coming down the pipe, not to mention the first halving next month. Open Transaction: an extensible transaction format that allows attaching any attribute to the transaction. It divides transaction construction into multiple small steps, each with a different modularized solution. A modular Open Transaction ecosystem could expand the possibilities for CKB DApps while lowering the barrier to development. Kuai: the highest priority right now is lowering the difficulty barrier for developing in L1. In this context Kuai is a framework/tool to create universal applications like .bit. You can think of it as a kind of hardhat on Ethereum which is a highly used framework for developing applications. JoyID + CoTA: JoyID is a wallet that makes use of account abstraction and Passkey. CoTA is an FT and NFT token standard that makes use of merkle trees. In short, with 32 bytes you can have hundreds and thousands of assets. Axon: a high-performance sidechain framework (Appchain, one app, one chain) Khalani: the first Universal Liquidity Protocol designed from the ground up for the interoperable blockchains And lastly Payment Channels being developed by Perun
So a bunch of people on FriendTech were monetizing their posts and traffic and you all basically mocked us calling it a ponzi. FT's vision is very clear to direct funds to you, but you all just circlejerked donuts and moons. Now you have to give your kids IOUs for Christmas, while I'm still earning FT points. I hope all of you have a real introspection into conviction on your shitcoins. Instead of attacking others with valid theses, you all need to do more research on your own.
That’s what I thought. Usually when I read articles similar to this they fail to mention *why* crypto is bad, simply that it is. Very disappointed to see the FT publish such an opinionated article with very little backing it up.
Hi, I just read an article on the FT there discussing SBF, FTX and Martin Lewis’ new book on the matter. The entire article was VERY anti-crypto, including this last paragraph: The crypto world is one of Monopoly money, where dog coins invented as a joke can reach a “market cap” of almost $90bn, and in which digital receipts for pixelated images can sell for tens of millions of dollars. In this fake Monopoly world, money is little more than a bunch of numbers on a screen. And in that context, why does it matter if there was no $8bn there? There was never any “there” in crypto anyway. What are your thoughts on this?
Let's say you earn 2000 moons a month which is pretty doable (especially if FT), it's the equivalent of $554 USD. So any country will average income less than that would fit the bill right now (Colombia, Ecuador, Indonesia, Egypt, Vietnam, Philipines etc).
[Here's the article link.](https://www.ft.com/content/83a14261-598d-4601-87fc-5dde528b33d0) The FT changed it from its original publication. They removed the professor's Bitcoin investigation piece. But I found [the source.](https://ic.unicamp.br/~stolfi/bitcoin/2020-12-31-bitcoin-ponzi.html) This is a total hit piece. The Financial Times sells its name to the highest bidder. Here's a taste of the BS: *Stolfi’s fourth observation above that “the operators take away a large portion of the money” lumps together Madoff’s take and bitcoin miners’ revenues*
>Scott Chipolina is the FT's digital assets correspondent, covering cryptocurrencies, blockchain technology and decentralised finance. He is part of the London Markets team. Previous to a career in journalism, Scott worked in financial regulation at his home in Gibraltar, covering broad subject areas including banking, insurance and investment funds. Seems like Scott is based in London and is very much a real person.
One of the main factors: "Since its inauguration, numerous decentralized protocols have found a home on Base, bolstered by many high-profile dApps. Yet, the flagship social application **Friend.Tech** is the primary engine driving its vibrant activity. Friend.Tech is an innovative application that allows users to link their Twitter accounts to their FT profiles, paving the way for social media monetization. Through this platform, users can craft unique keys for purchase or sale."
I love the FT but always pass over their crypto news or articles as they are very opinionated. For example, when the FTX collapse happened, they saw that as a crypto problem and a crypto failing which it wasn't. It was a centralised company failing because of mismanagement and fraud, yet that didn't fit their agenda.
My speculation is the SEC will approve all Bitcoin ETFs together - hence why we have seen the big players file for spot $BTC ETFs. Grayscale has a head start. BlackRock, Fidelity and FT have the marketing & fund relationships to pull in big numbers. There will be blood! 🩸
If you live in Asia and want to buy exchange traded funds you typically buy US-listed ones - that's what was available to me via brokers in Singapore, at least. I don't think there's a retail drive for bitcoin ETFs in Europe as much as there is in the USA - the UK has equivalents of the 401k and ROTH (ISA and SIPP, can't remember which way around), but I think most EU countries are not as generous. I think in Germany life-insurance type products are more popular, or it's only types of funds that are tax-exempted like this, not individual stocks. I find a few news articles saying that the European ETF, Jacobi FT Wilshire Bitcoin ETF, was going to list in Amsterdam, but it is actually Guernsey regulated - ISIN GG00BMTPK874. That is far less reputable. Wall Street markets globally - Blackrock is one of the top 5 ETF providers in Europe, probably top 3. Once you can have crypto in your 401k then Wall Street will start pushing the idea that it's legitimate and it might be sound financial practice to allocate a small amount of your portfolio to it. Only then will the idea spread access the pond, IMO.
tldr; The first-ever spot Bitcoin exchange-traded fund (ETF) launched in Europe has been classified as an Article 8 fund by Jacobi Asset Management. Article 8 funds promote environmental and/or social characteristics. The Jacobi FT Wilshire Bitcoin ETF is the first Bitcoin ETF traded in Europe to have the European Union's environmental, social, and governance investing rules applied. The ETF is partially invested in renewable energy certificates (RECs) to make it "fully decarbonized." However, experts question whether the ETF can purchase enough RECs to offset the energy consumed by its Bitcoin assets. The ETF was launched on the Euronext Amsterdam stock exchange and emphasizes its eco-friendly nature by using outside information to calculate the energy usage of the Bitcoin network and purchasing and "retiring" RECs. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*
I just received this email. Anyone else???? FTX Withdrawals are available Dear Customer: You have been identified as an eligible client to begin withdrawing digital assets from your FTX account. Withdrawals will be dispatched in USD-C matched to the balance of digital assets held in your Wallet account at the time of the platform pause. You can now withdraw to an external ERC-20 wallet on a by clicking the Withdraw Now button below. Wallet account balances were calculated based on the digital assets held in your Wallet account at the time of the platform pause. If you initiated a trade, transfer, or withdrawal request after the platform pause, these transactions have been updated as displayed in the "Transaction History" section of the dashboard page in your account. Please note that, due to the high volume of requests, withdrawals may take 90 days or more to process once submitted. FTX will process withdrawals as quickly as possible while maintaining security protocols. You can check the status of your withdrawal request in the Transaction History section of your FTX account dashboard page upon connecting an ERC-20 wallet. Additionally, withdrawals are subject to any applicable third-party transaction fees and/or withdrawal fees, which are based on transaction processing costs and may be adjusted from time to time based on market conditions, as set forth in the FT Terms of Service. We appreciate your understanding and cooperation in following this process. If you have any questions or need further clarification, our customer support team is ready to assist you. Thank you for your attention to this matter. Withdraw Now Best regards, FTX
You are right, it does take some time, but the sooner one starts the better imho. A couple thousand hours spent reading can even be achieved by FT students working 2 PT jobs as they can utilize commute time the same as I did. That can be 2-4 hours daily of reading. Plus there are lots of opportunities at school and at work to read a bit or listen to an audiobook.
tldr; Europe's first Bitcoin exchange-traded fund (ETF) has been launched by Jacobi Asset Management. The Jacobi FT Wilshire Bitcoin ETF is now live on Euronext Amsterdam, trading under the ticker BCOIN. The fund charges a 1.5% annual management fee and aims to provide institutional investors with a simple, secure, and transparent way to access Bitcoin while addressing their sustainability requirements. It is also the first decarbonized digital asset fund compliant with Article 8 of the European Sustainable Finance Disclosure Regulation (SFDR). The fund has partnered with Zumo to implement a verifiable Renewable Energy Certificate (REC) solution, allowing investors to deal in Bitcoin while meeting their Environmental, Social, and Governance (ESG) objectives. The launch of this ETF puts European investors ahead of their American counterparts, as the US Securities and Exchange Commission (SEC) has repeatedly rejected or postponed Bitcoin ETF applications. However, there is renewed hope for a Bitcoin ETF in the US, as new applications have been submitted to the SEC by BlackRock, Fidelity, Valkyrie, and Invesco, among others. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*
tldr; Europe’s first spot bitcoin ETF, the Jacobi FT Wilshire Bitcoin ETF, is launching on Euronext Amsterdam. The ETF is green-friendly and aligns with the EU's sustainable finance guidelines. It has been over a year since the originally planned debut of the ETF. The fund includes a verifiable Renewable Energy Certificate (REC) developed in collaboration with Zumo. The ETF's custodial duties are handled by Fidelity Digital Assets, and market making is done by Flow Traders. The fund's reference is the FT Wilshire Bitcoin Blended Price Index. This spot bitcoin ETF allows investors to tap into bitcoin's price without directly buying or handling the cryptocurrency. Europe is moving ahead of the US in opening up bitcoin investing for institutional investors. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*
**From reporter Chloe Taylor:** Coinbase’s CEO said a demand from U.S. officials to cease trading all assets except Bitcoin would have spelled the end of the cryptocurrency industry as we know it. In an interview published Monday by the Financial Times, Brian Armstrong, CEO of cryptocurrency exchange platform Coinbase, revealed the SEC suggested his company make the change while the agency prepared to sue the firm for allegedly operating as an unregistered broker. Had Coinbase complied with the SEC’s request, it would have delisted every one of the more than 200 tokens it offers, apart from Bitcoin—the world’s most traded cryptocurrency. This would have set a precedent that meant most American crypto firms would have been left operating illegally unless they registered with the SEC, according to the FT. “We really didn’t have a choice at that point, delisting every asset other than Bitcoin, which by the way is not what the law says, would have essentially meant the end of the crypto industry in the U.S.,” Armstrong told the publication of Coinbase’s decision to reject the SEC’s request.
>you think FT or forbes is going to write an article because some shitposters on the internet can now change their name's colour or they can post a .gif? I think you're mistaking Moons for Reddit coins. By the way, why would forbes talk about meme coins? Because they do.
and why exactly WOULD anyone outside this sub be talking about it? there is literally no reason to. you think FT or forbes is going to write an article because some shitposters on the internet can now change their name's colour or they can post a .gif? as long as their wont be any new use cases, which I can almost think none of, and this sub going 20mio+ subscribers there wont be any hype I guess. On top MOONs are probably going to be contained to this sub even if other subs come up with similar solutions. and given the sentiment of nocoiner subs towards crypto there would probably be a giant uproar
>So I'm completely new to the cryptocurrency scene and after reading online resources for days I still can't wrap my head around it. Bitcoin solves the trust problem. How to send value across the world without using a trusted middleman such as a bank. Bitcoin is so called trustless. >So I get that it's decentralised, so does that mean every single device that uses bitcoin has the entire set of ledgers ever created? Only miners have to store the ledger. You can too by running a node, it is good for you to (so you don't need to trust others), but most people don't and it's not necessary to use the network. When you send BTC somewhere you send your transaction to a node who relays that information across the network to miners. Bitcoin is so-called mined using proof of work. Miners expend energy essentially running random number generators until they find the (hash) number that wins the lottery, which wins them the ability to build the next block. Every miner is competing with each other miner in POW, it is a race, but most work in 'mining pools' as super units to remove the randomness or lottery aspect of mining (for frequent small rewards instead of infrequent large rewards). Bitcoin's difficulty to mine is dynamic. The network self-adusts so each block takes 10 minutes to mine. If the last block was mined in 5 minutes the difficulty doubles, so on. It is incredibly difficult today to mine a block with so much hashrate going into the network, most people cannot even mine at profit without special circumstances (eg free energy). In Proof of Work the longest blockchain is the only valid blockchain. If a chain has 20 blocks and another chain has 25 blocks the network always assumes the 25 block chain is the valid chain and builds from that. Currently the reward for mining a block is 6.25 BTC so a rational miner will expend up to 6.25 BTC in energy/cost mining for each block, this is what secures the network as you would need to expend more energy to win the lottery faster other miners can, and all rational people won't spend 6.25 BTC to not claim the reward by acting maliciously. As long as 51% of the network is 'honest' ie rational this system works great. Which makes Bitcoin "#1" because practically all of the available POW is spent on it (it is the most profitable to mine). 1% of BTC miners may represent 80% of the 'hash rate' on another POW chain, that 1% could mine several blocks by the time the 'honest' miners get one out, so the 1% could control everything on that smaller network making it insecure. >Wouldn't that be hugely inefficient and impractical? Yes but it works. Blocks are only 1MB, and the Bitcoin ledger is just under 500GB today. Every miner must store the full blockchain. This is why blockchains that have say 100MB blocks aren't viable because they would very quickly trend toward centralization, as no one could afford the 50TB required to store that ledger. There was a massive heated debate a few years ago that Bitcoin should increase its block size, some people thought yes and some thought no until someone 'forked' (made a copy of) Bitcoin with 32MB blocks what is today called Bitcoin Cash, which was one of the most controversial things to happen in crypto (it was *almost* called Bitcoin, had there been consensus). >How are updates rolled out? If >50% of bitcoin users just decide not to adopt a new update, does it just fail? Nodes and miners decide this, not users. There are soft-forks which are backwards compatible and hard-forks which are not, Bitcoin is notoriously against any upgrades that require a hard-fork (in case of emergency only). If the nodes don't broadcast to the miner a change cannot go through, and if the miner does not comply it also cannot go through. It requires 51% of each of these groups to implement a soft-fork. To implement a hard-fork miners and nodes would need to upgrade their software which is very manual and opt-in so if only 49% upgrade they will be overshadowed by the miners who did not upgrade (overshadowed in the sense the 51% will be able to build more blocks so their chain will be the longest therefore the valid blockchain). >And back to the topic of hosting every single ledger in every device that uses bitcoin, even if the blockchains are insurmountably small and even a million blockchains would somehow be as large as a small image file, what about ordinal NFTs, the bitcoin equivalent of the ethereum NFT, how are they going to be hosted? Sorry if I seem incredibly dumb for asking this, I just suck at learning new things I guess. There is only 1 blockchain. Transactions go into a queue (called the mempool) which are picked up by nodes and organized into blocks by miners. The fees you pay when sending a transaction go to the miner so by adjusting 0 fee if there is anyone else in the mempool your tx will be ignored for a more profitable tx, this fee also serves to reduce spam in the network (but can grow excessively during congestion). Once a miner builds their block they attach it to the end of the blockchain, then it all repeats. Ordinals are unusual things. They take loose bits of data that are already in the block and effectively encrypt it in such a way an image appears. All the data is already in the block. This 'encryption process' is an off-chain protocol and has nothing to do with Bitcoin or its miners, in other words that extra process isn't stored in the ledger. Ethereum NFTs are similiar in that data isn't stored on the ledger. Most Ethereum NFTs (99.99%) are external links to IPFS and the ledger only stores the text link and some metadata. It isn't viable (cost effective) to use a decentralized blockchain for file storage. No harm in asking. That's more than most people do before forming their opinions!
So I'm completely new to the cryptocurrency scene and after reading online resources for days I still can't wrap my head around it. So I get that it's decentralised, so does that mean every single device that uses bitcoin has the entire set of ledgers ever created? Wouldn't that be hugely inefficient and impractical? How are updates rolled out? If >50% of bitcoin users just decide not to adopt a new update, does it just fail? And back to the topic of hosting every single ledger in every device that uses bitcoin, even if the blockchains are insurmountably small and even a million blockchains would somehow be as large as a small image file, what about ordinal NFTs, the bitcoin equivalent of the ethereum NFT, how are they going to be hosted? Sorry if I seem incredibly dumb for asking this, I just suck at learning new things I guess.
Update on [my game](https://www.reddit.com/r/CryptoCurrency/comments/148wju7/i_made_a_puzzle_game_centred_around_1_ethereum/) (for anyone who is playing) If you can solve all 12 of the following puzzles correctly, I will give you a SUPER IMPORTANT clue for any puzzle you're currently struggling with. 1. elon : musk :: vitalik : ? 2. god is dead : nietzsche :: i think therefore i am : ? 3. bitcoin : proof-of-work :: ethereum : ? 4. music : phenomena :: art : ? 5. roots : numbers :: seeds : ? 6. matter : maternal :: patterns : ? 7. the narrator : tyler durden :: plato : ? 8. pavlov : dog :: schrodinger : ? 9. 1 : phallic :: 0 : ? 10. car : gas :: decentralised applications : ? 11. clozapine : schizophrenia :: lithium : ? 12. ERC20 : FT :: ERC721 : ? DM me answers on reddit or insta ;D
Imagine the stress of being a crypto broker, and having to have phone calls with your clients every 5 minutes when the FT publishes an anti crypto article (I'm assuming the customer base would be non tech savvy boomer types... ). No thanks.
I agree, but there are tons of people out there who are not at all tech savi (all the boomers I've had to help with their problems over the past decades). What they can manage though is to pick up a phone, call their broker, and ask then to invest funds into the fancy btc etf they read about in the FT...
Slightly surprising seeing a counterpoint type argument in the FT, given their normally quite resolute anti-crypto editorial stance. Perhaps it's in awareness of the assorted recent (eg) Blackrock, JPM, BoE, BIS, BNY Mellon, SWIFT, etc, etc crypto moves of late. Which in turn, does seemed to have triggered a few buttcoiners in the article comments. That's the nature of comment sections though I guess.
That sub pretty much always was; CDC seem to prefer broadcast communications, but not really dialogue or customer engagement. Which is a shame. On this particular story though; it seems like it's primarily an inference thing from the FT (A quick side note here to mention that contextually FT is generally anti-crypto, though that doesn't negate findings if there is something sketchy that's been discovered). I'm not sure the article is telling me anything really insightful though. As to whether having an internal market maker is good/bad/normal, I really don't know. If it's sketchy, then they should lose it.
tldr; Traditional financial firms, including Standard Chartered, Nomura, and Charles Schwab, are busy building or funding new crypto exchange and custody platforms, FT reported on May 31. These well-known Wall Street firms are betting that fund managers are still interested in trading crypto even after last year’s market downturn and the string of crypto scandals. The […] The post Wall Street firms to take on Binance, Coinbase, other crypto-native exchanges appeared first on CryptoSlate. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Given that the FT has a broadly anti-crypto stance, it's perhaps not surprising they didn't get responses from a number of exchanges and organisations. The FT was likely going to publish a negative narrative story in any event. Any PR/media team worth their pay would hav