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Found 10 results

  1. I have read that a member asks how long it takes to collect 1 bitcoin, and I want to share this information with you: We all know that every 1 bitcoin equals 100,000,000 Satoshi Also, each one can get 30,000 Satoshi from the forum Thus, we need more than 3,300 days to get 1 bitcoin, and this number equals almost 9 years. Of course, we can get the money more quickly through more than one method, in addition to working on the forum. " If you like my topic please give me like " ! ❤️
  2. Quite a lot of information about Bitcoin has circulated on the internet over the years. And not all of those information are entirely true: some false information stem from a combination of ignorance, misinterpretation, willful misdirection, etc. from both promoters and detractors of the cryptocurrency. AFAIK, mostly from the detractors anyway. So with the growing exposure of Bitcoin, an article was made clarifying some of the most common misinformation on it. I suggest you read it especially if you're a beginner: the article below couldn't have explained it better. source: https://fortune.com/2021/03/17/bitcoin-myths-bubble-miners-energy-waste-stablecoin/ Here are my own views on the article. The numbers below correspond to the numbering of the key points mentioned in it. The opinion that Bitcoin is for speculation and not as a transaction tool might have stemmed from the well-known fact that the coin has some scalability issues. Until this issue is fully resolved, other coins will dominate Bitcoin on transaction speed and Bitcoin itself will remain more as a store of value. The article mentioned that 39% of energy spent on Bitcoin comes from renewable energy. So what is the other 61%? If Bitcoin is to be 100% reliant on renewable energy, it better be done soon: Bitcoin mining havens like China (which still mainly use fossil fuels) is recently having a crackdown on miners due to energy consumption issues. Volatility in Bitcoin can be actually good, IF you happen to aim long-term investments and Bitcoin maintains it price increase in the coming decades. Just make sure that your account and/or wallet information is secure, as there are now quite a lot of stories where people can no longer access their Bitcoin funds due to lost wallets, forgotten passwords or private keys, etc. Governments will change their minds about Bitcoin and cryptocurrency in general sooner or later. 2021 is looking to be a good year for wider adoption of cryptocurrencies, with major companies like Tesla, Paypal, JPMorgan, etc. doing business with crypto in one form or another. Where did I read this line: "People buy and trade in altcoins so that they can buy more Bitcoin🙂"? As long as this view is common among crypto enthusiasts, the misinformation about altcoins closely tied to Bitcoin and will never become fully independent will remain. What I find about CBDCs is that they offer very little in terms of what cryptocurrencies have to offer, which is a degree of independence from governments and institutions. The major reason: these government-sponsored digital currencies are still closely tied to its country of origin. As a result, any political stances, moves, and intents of a government that owns a CBDC will adversely affect its adoption and price. This argument about Bitcoin bubble might have hold water back in 2017-2018. But maybe not today, as more companies are getting involved with cryptocurrencies as I have mentioned. Those companies are not ignorant either. They knew what happened to the 2017 bubble but are now investing in cryptocurrencies anyway. And that is something to watch out for. What is your view on the article? Post your comments below.
  3. In order for us to develop in the field of digital currencies and be successful traders in the future, we must spread any useful information with all members within the forum so that we can benefit each other and also gain a good reputation from positive feedback.
  4. Hello all, I think that Yobit should start a section on Coin information. My thinking is that if they are supporting the coin and trading it, they should know all about it. I would like to know: When was it born. Who was behind it. Is it deflationary or inflationary. What´s the CAP and how many are in circulation. What was the main purpose of the coin. If the wallet is in maintenance when is it expected to be fixed. Are there any Airdrops or Investment Box options on the Coin. What other exchanges carry the coin. You guys can add things you´d like to see in this new Yobit Coins Info Section. I believe it would add a great deal of confidence to investors to trade on the Yobit Exchange and that in turn would make the exchange much more valuable and prestigious. What are your thoughts?
  5. The term DeFi is related to "Decentralized Finance". It's a term that is more concerned with varying applications of cryptocurrencies and powered by blockchain; subsequently braking down the financial intermediaries that lies underneath. DeFi is ought to hold it's disciplinary with a complete blueprint of blockchain technologies that holds a clear history of transactions(transparency). DeFi are actually created and are built in the top of Ethereum. Ethereum being the world's second large cryptocurrencies platform, it has flourished itself to make it distinct from Bitcoins in-terms of use cases and creating decentralized applications, with its unique smart contracts and development of solidity making it "turing complete", apparently with Bitcoins "it's non-turing complete". With the solidity there comes the possibilities to explore the platform which is more focused on improvement and offers flexibility for smart contracts, which enables auto execution of transactions if certain conditions are met. There's a high chance that DeFi will stand as a successor for bitcoins on the longer run too, as there are a lot of use-cases and improvements done to make it most secure that aids to varying service and functionality to the decentralized ecosystem and making smart contracts updated in-order to bring scalability to the entire DeFi ecosystem. Also, with the creation of Wrapped Bitcoins(WBTC) it has made the revolution on the DeFi ecosystem, as it is completely being tracked over Ethereum blockchain allowing users to get interest on their investments from another platform, and with Decentralized exchanges(DEX), the complexities in trading has been minimized and users can trade their assets without having to go for other intermediaries. However, the lending platforms are being implemented which has also the similar concern for minimizing intermediaries and uses smart contracts to manage the transactions with more transparency. So, there's no doubt on the thing that DeFi will act as a successor for Bitcoins.
  6. BLOODY is a token that is based on a deflationary elastic experiment. To be honest, when I saw this, this was the first time that I had heard of such an experiment, so let me take a minute here to explain the basics behind this type of experiment before I move onto the coin value and its market volumes. This experiment basically requires that the token be in constant circulation. Therefore, if the circulation of the coin increases, then there is an increase in everyone's BLOODY token balance, and vice versa. This is referred to as the clotting effect for the experiment. Furthermore, the faster the circulation the greater the reward that you get in terms of BLOODY tokens. It is a pretty interesting concept, and to be honest the first that I have seen of this nature. The BLOODY token was initially distributed to towards the latter part of October last year (2020), and was added to the Rottenswap website. The concern that I have with this currency however, is the fact that it is not tested or audited. AS a result there can be a lot of misleading information relating to the token, and there can be a lot of security issues as well, especially since it was not first tested before being distributed. Therefore, I would like to stress at this point, that the token does have a high risk factor and should not be looked into lightly or considered lightly when making an investment. Only invest an amount that you can lose in this coin. Now with regard to the token value, BLOODY is currently valued at 0.00089 USD, which is a 6.92% reduction in the last 24 hours. The coin saw its all-time high value on the 14th of November 2020, a couple of weeks after its release, with the value of the token reaching 0.02375 USD. This is a much higher value than the current trading value of the coin. Currently, there is no information that is available in relation to the number of tokens that are in circulation or the total cap on the number of tokens, however there are reports on fxempire which do indicate that there are currently over 800 thousand BLOODY tokens that have been mined.
  7. There are many binance leverage tokens, and for those that may be unaware of these token, these are based on the Ethereum network (ERC20). They provide the users with the easiest means by which they can achieve leverage trading, and provides people (especially new crypto users and traders) the exposure to the market without the large risk that is involved. With binance leverage tokens there is a variable of generally 1.25x to 4x seen. One such token that is a Binance leveraged is the DOTDOWN token. This token is currently trading at a price of 0.0007670 USD (as per 28 February 2020), which is a 13.84% increase in its price over the last 24 hours. In other markets where it is tradable, such as the Bitcoin market and the Ethereum market, there are increased of between 23-28% on this coin over the last 24 hour period, showing the trading potential with this coin on the Binance exchange platform. Currently the token has a ranking that is 2414 on coinmarketcap. This market cap rank has gone down in the last 24 hours, as the marker volume over this time has decreased by 3,06%, with the market value for trading volume now sitting at a total of 5.195 million USD over the last day. Currently, there is no direct means in which you can purchase this token with cash, with the token needing to be purchased via other cryptocurrencies such as Bitcoin. Moving to the more technical side of the token, the coin saw high values of around 10.74 USD in October of last year, showing that whilst a good day trading potential may be possible from this coin, the actual value of the coin is on the downward spin and may not be a good option for those looking to long term investments. The current market cap has not been supplied for this token.
  8. One of the common coins that people come across is the name of the USDT, which is the tether stable coin that is linked to the dollar value. Working off the reputation that is gained by this stable coin, as a mean by which to store value in any cryptocurrency exchange, the compound USDT (CUSDT) coin has been released. This coin is currently trading at a value of 0.02089 USD, with the ranking on coincapmarket showing as 2408. This however, differs from the ranking of the coin given on the coingecko site, which states that the current ranking of the coin is sitting at 119 in terms of its market cap. The value of the CUSDT token has increased by around 0.18% in the USD market, over the last 24 hours, and has also seen increases of 8.07% and 12.77% in the BTC and ETH markets respectively. The 24 hour low and high do not show much of a difference with there just being a 0.00005 USD change over the last day, however the market volume over this time is currently 5.3 million USD. This is a 4.95% drop in the market volume. The coin is currently being exchanged on cryptocurrency platforms such as FTX USD and Compound. The top exchange for this current however is the Compound Finance with bulk of the trades in this currency being made on this exchange platform, and 48498 transfers happening in the last 24 hour period according to Etherscan. Amazingly enough his token can also be found on coinbase, which shows a bright future possibility for the token moving forward.
  9. Kucoin Hack: $17M Laundered Via Decentralized Exchanges, Blockchain Analysis Firm Claims This Can Still be Traced Elliptic says the Kucoin hacker has sold $17.1 million worth of tokens via decentralized exchanges (dex) platforms like Uniswap, Kyber Network, Tokenlon. The shift to dex applications comes after centralized projects came to the aid of the beleaguered exchange by blocking any cashing out of the hack related funds. For the past few days, the blockchain analysis firm says it has been seeing stolen tokens being swapped with censorship-resistant cryptocurrencies like bitcoin. Despite this change in tactics, Elliptic insists it has the technology that can still trace the movement of such funds. In a blog post on September 29, Elliptic cofounder and chief scientist, Tom Robinson revealed that of the stolen assets, “approximately US $152 million was made up of Ethereum-based tokens (ERC20s), including Tether (USDT), Chainlink (LINK), and Ocean Protocol (OCEAN).” Robinson explains that these tokens are issued on blockchains such as Ethereum by “organizations that have the power to freeze accounts and recover the tokens.” Indeed, on September 30, Kucoin said it had managed to recover about $140 million after ten projects cooperated with it by either swapping or replacing the stolen tokens. On realizing that this avenue had been blocked, the hacker(s) “tried to sell some of the tokens at two regular exchanges.” However, according to Robinson, this laundering route was soon blocked as exchanges soon deployed blockchain analysis tools. Blockchain monitoring tools such as Elliptic’s can “identify whether deposited crypto assets originated from the Kucoin hack, and freeze any accounts receiving such funds.” At the moment, dex applications provide the criminals with a means of exchanging the stolen tokens for Ether or other ERC20s. With their huge volumes and lack of KYC checks, dex platforms are now an obvious choice for crypto money launderers. Still, Robinson makes the argument that Elliptic’s current monitoring tools can trace the flow of the stolen funds: “Unlike centralized exchanges, which are dead-ends when it comes to tracing the flow of funds, with DEXs everything is recorded and visible on the blockchain.” With $140 million now recovered while $17.1 million is already lost, it remains to be seen if the remaining $124 million, which is dominated in censorship-resistant cryptocurrencies, can be recovered.
  10. I have had few experiences in forums, but if you have never been to one, I can tell you that in cryptotalk there are cool people with a lot of knowledge, although of course there are also some hahaha crooks. So: -When you are part of a forum, find out what you can post. -Themes are always important so you can get good feedbacks. -If you have any questions, ask, maybe someone can help you a lot. -Now, cryptotalk is based on information from the blockchain world and its relatives: -Talk about Bitcoin, Ethereum about your experiences. What do you think about it? -Share some crazy idea that includes some positive investment, that of a positive impact. -Even if you broke up by investing let them know, your experience can save others, even your recommendation. Do not be afraid to talk about the blockchain world here, there are few creative and positive forums like Cryptotalk, it is good to value the work and prudent content of your neighbor. I can tell you that cryptocurrencies are a super wide topic to be able to discuss here, whoever you are, so you don't know a nut from this world, talk write and inform yourself, that those who already know are waiting to share their experiences, ideas, conclusions and characteristics lived in this aggressive and beautiful world called: "Blockchain, Bitcoin and its adventures".
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