$27,000,000,000,000 in Institutional Assets Coming Into Crypto Signals New Chapter for Industry

Judge Rejects Bankman-Fried's Attempt to Dismiss Criminal Charges, Calls Arguments 'Unpersuasive' and 'Without Merit'

Coinbase shares are up 35% since the SEC sued the crypto exchange for allegedly selling unregistered securities

Jack Dorsey Calls Out Tim Cook: Why Doesn’t Apple Pay Support Bitcoin?

MicroStrategy Acquires Additional 12,333 Bitcoins and Now Holds 152,333 BTC

Today I found out when the "Buttcoin" movement actually started, and what the price of BTC was at that time. It's... depressing. - This afternoon I got curious and did some research on the "Buttcoin" movement and found out it has actually been around for a *really* long time - ... See More some of these guys were absolute trail-blazers in terms of their awareness of the project.

It started in late 2009/early 2010 on the 'Something Awful' forums, where the initial posts were made when the price of Bitcoin was just 0.25 cents. But it really gained steam when it shifted off of Something Awful and to the site we know and love - at that time BTC was still only $16.54.

This movement has been saying Bitcoin was a bubble/scam that was going to crash into the ground and would not see any real adoption since inception. Their core user base were actually some of the first people to hear about Bitcoin. Though obviously over time their movement has morphed to focus on the wider cryptocurrency ecosystem, including hugely adopted projects like Ethereum.

To put their lost opportunity in perspective, a $100 purchase of Bitcoin when the movement arrived here **would be a over $187500 right now.** That fact is depressing for me to even think about, and it gave me a lot of perspective on why they would be this passionate about the issue. Can you imagine having to live with accepting you passed over that opportunity? Opportunity cost wise they are literally the worst investors in modern history, and continue to dig deeper year on year.

The more embittered they become about the price evidence infront of them and the lost opportunity, the more entrenched they need to become in their ideology to feel comfortable, it morphs into a religion, the longer they force themselves to hold out in accepting reality the deeper they dig. People who passed BTC at 0.25c cheered when it fell to $17,000. I don't believe at this point that any level of adoption, demand or price will be capable of changing the minds of the idealogues.

At the moment it seems like the Blackrock ETF has come as a bit of a hard shock, with some followers suggesting it's fake news spread by the BTC crowd, and others saying Blackrock still think it's a scam, but want to pilfer wallets on the way. I guess we'll see what happens over the next 5 years.

A U.S. recession is coming this year, HSBC warns — with Europe to follow in 2024

What’s the difference between trusting a bank and trusting a company like Ledger? - One of the main goals, if not the most important, in crypto is to remove the need for trust. The aim is to enable peer-to-peer transactions without relying on a third party. However, based on the ... See More recent scandal with Ledger’s recovery system, it got me thinking. How does trusting a bank differ from trusting a company like Ledger?

When Ledger announced their recovery system, a lot of people were pretty upset. They had put their trust in Ledger when deciding to buy the device, believing their previous claims that such a system wasn't possible. Ledger is not open source, so at the end of the day you are trusting that what they claim is true.

I don’t want this post to be a specific attack to Ledger, I am aware that other companies selling similar devices might face the same problem. But I am genuinely curious as to why would somebody get into crypto so they trust a company instead of a bank.

I know that there are other methods which are safer than owning a hardware wallet. Although, storing your crypto in a hardware wallet is the advice that I hear the most in the crypto space. What are your thoughts? Am I missing something?

Survey Says: Nobody Knows What Web3 Is

Leak Reveals ‘Enormous’ China Earthquake Could Be About To Hit The Price Of Cryptocurrencies

Fidelity preparing to submit spot bitcoin ETF filing - The Block

Gary Gensler is hurting the little guys for Wall Street

Following Bitcoin's Surge Above $30K: BTC on Exchanges Lowest Since December 2017

Decentralized Twitter rival Damus removed from Apple Store for allowing BTC tipping

Nano, with zero gas fees, is a prime example of how people don't care about utility, no matter how amazing, and everything is driven basically only by profits - Nano is a coin that has no fees. It also has instant transactions. You always hear complaints about trading fees, and ... See More most notably during the memecoin mania when transaction fees were $20-30 on *average* and could go even higher. You would think that a coin with no fees would be an instant hit. It would be amazingly popular and change the entire landscape of crypto. But you’d be wrong.

Nano actually, is not even ranked in the top 100 tokens. Worse, it is not even ranked in the top 200. Nano is actually ranked around #270. Outside of real crypto hardcores who are really in it for the tech, you’re unlikely to ever hear the name even mentioned, and further recognized even if it is mentioned. However could a “game-changing coin” like Nano have so little recognition?

The obvious answer is profits. Nano *might* have loads of utility but utility doesn’t matter next to big gains. As a matter of fact, the very utility Nano offers is what kills the possibility of a huge price pump and hence interest. Having no fees actually means there are *less* ways for traders to make money and profits which means it’s left by the wayside, utility be damned.

No fees means there’s no constant and wild swings of buying the token for dynamic gas prices from unpredictable demand thus raising the price. There’s also no excess buying where traders buy a lot more of the coin for gas than they need for just the current transaction. Which means there is no reason for scalpers and speculators to take interest to profit off haphazard buying to pump and dump the price. It also means that there’s no community of miners, who may hold or sell to create trading opportunities for profit and no stakers, who support the price by buying and holding tokens while staking, both of whom create trading opportunities for price swings. Very notably, Nano network does not support any tokens or smart contracts(like the Bitcoin network) so the only potential profit-making venture is through a single currency of Nano coin itself with basic trading compared to potential profits of hundreds if not thousands of other tokens with smart contracts trading opportunities.

In actuality, Nano’s amazing utility is actually terrible for its price.