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From: BlockFi [blockfi@e.blockfi.com](mailto:blockfi@e.blockfi.com)Date: Wed, Apr 13, 2022 at 5:21 PMSubject: New promo: Refer friends. Get GUSD. On EVERY trade.
"friends help friends receive crypto"
From: BlockFi [blockfi@e.blockfi.com](mailto:blockfi@e.blockfi.com)Date: Fri, Jun 24, 2022 at 5:14 PMSubject: Good news! We’re raising BIA rates
Rate changes for Friday, July 1, 2022
We adjust rates based on market dynamics for lending and borrowing...
Bitcoin (BTC) Updates: Current APY 3% new APY 3.5%!!!
From: BlockFi [blockfi@e.blockfi.com](mailto:blockfi@e.blockfi.com)Date: Wed, Jul 6, 2022 at 7:59 PMSubject: Earning your trust through all market conditions....Over the past five years, we’ve been battle-tested through all types of market conditions.
We’ve always believed risk management is paramount to our success. It's the reason you, our valued clients, have and continue to have full access to your funds in this market environment.
From: BlockFi [blockfi@e.blockfi.com](mailto:blockfi@e.blockfi.com)Date: Fri, Nov 11, 2022 at 5:32 PMSubject: Important update to your account
...we are limiting platform activity, including pausing client withdrawals as allowed under our Terms.
Luckily I saw the error of my ways mid way through and also have this one...
From: BlockFi Support [support@blockfi.com](mailto:support@blockfi.com)Date: Thu, Jun 16, 2022 at 6:32 PMSubject: BlockFi Withdrawal Request Completed
Feel really bad for anyone who had money locked with them. Please get your coins off exchanges IT IS NOT WORTH IT.
I bought a few thousand xrp back in 2017 had them on binance then transferred to Coinbase for “safekeeping” I know I’m a dumbass not my keys not my coins. All my crypto is on my ledger now and I’ve never felt better.
I was playing around on Coinbase pro had a few dollars left on there, it’s my account that I liked to trade on and have fun. Coinbase has been trying to get me to upgrade Coinbase pro to Coinbase one with advanced trade and finally I updated the app. Low and behold the xrp I had trapped on Coinbase pro just popped up in my update Coinbase one advanced trade.
Long story short in case that’s too much,
After what’s feels like years, I finally have my xrp after updating Coinbase pro app to advanced trade in the Coinbase app.
There are rather knowledgeable people on this sub and, more importantly, we are not in danger of a flood of scam bots thanks to effective moderation. Nevertheless, if we look at other subs related to the crypto sphere, there are dozens of this s*it spilling out every day.
Unfortunately also every day some person gets caught up in it.
You can say- you have to think!
BUT!
Let's not be passive. Each of us is part of other subs too.
Do you see another entry like adidasnft or hasbronft or porsche or anything else coming in a moment later, which could cause another person to lose their wallet content?
Let's give something of ourselves and report via Report-Spam-Posting harmful links (malware) these types of posts, and the bots who boost and comment on them via Report-Spam-Harmful bots!
It will take you a few seconds and could save someone a few hundred if not thousands.
In this age of pervasive scam in the crypto world, let's show that this sphere isn't completely broken and we can support each other.
Remember- all it takes for evil to triumph is the passive attitude of good people!
The purpose of this post is to remind people to switch out any holdings they might have with USDT.
For many, this isn't new information. But, for others who don't know, it's looking more and more as a matter of when, not if, Tether will collapse.
Back in May 2022, a global macro and financial market research group, Macro Hive, said that:
“Tether’s reserves are not backed 100% by US dollar deposits. Instead, they are backed by reserves that include cash, cash equivalents, short-term deposits, commercial paper, corporate bonds, funds, precious metals, secured loans, and other investments including digital tokens.”
The effects this will have on the industry will be massive. So, be safe out there!
If you were looking for a good time to buy in, then prepare your bags in advance for this as well. Exchanges might be limiting any sort of transactions. Take advantage of having things stored in a hot wallet so that you can make your moves on a DEX.
No, but math does, because math does not change. Look back in history and you should find that dividing a number by 2 creates 1 half of the original number.
In this case, the number is 900. There are 900 BTC coins that are rewarded to miners each day.
Can anyone tell me what half of 900 is? ✋️..... yes Bobby?
"450?"
That is correct. You may be seated.
So, if 900 coins become available every day at X demand and then all of a sudden only 450 coins are available each day, unless the demand for BTC magically gets cut in half in unison with the halving, you get what is called a supply shock. In this case not really shocking though, just simple math
So no, history doesn't repeat and I can assure you that dismissing returns will continue to play out...
But, math doesn't change. Happy stacking, fokes. Do your own math
TLDR; 900/2 = 450
Sales of hardware wallets are skyrocketing, and a lot of people will soon set up their first non-custodial wallet. Since I know many people are not aware of a great feature in the BIP-39 standard, I decided to make this little reminder post.
When you create your wallet - choose the option to add a passphrase
With your own wallet there comes great responsibility. You don't only have to store your seed, but you also have to make sure no one ever finds it. But you can get another level of security by adding a passphrase, which is sometimes referred to as the "25th word".
Your seed is entirely made from words of the BIP-39 word list. Your passphrase however can be whatever you like and consist of up to 100 characters. This is not a traditional encryption password that is used by hot wallets for example. This passphrase is used as a salt in the key derivation function to create your private keys, or simply put: Every passphrase leads to a completely new wallet.
While a seed alone is very critical to store, a seed "protected" by a passphrase is worthless alone - at least if the passphrase is strong enough. You can keep your seed punched in steel in your safe, and simply remember your passphrase - a backup could be stored somewhere in plain sight, as no one would recognise your passphrase at first glance. Never rely on your memory alone.
One more thing: You can use this feature to create a so called "decoy wallet". If you just restore your seed with empty passphrase, you will create the "default" wallet for that seed. Put a little bit of crypto on it. This way a thief will think he got your crypto and has no reason to believe the wallet may have a hidden wallet with more crypto stored on it. If someone forces you to reveal your wallet at gunpoint, you could also give out the seed alone / fake passphrase to escape the situation.
For more info and instructions how to set it up on your wallet, you can see the official material from Trezor or Ledger.
Important: To make it absolutely clear; If you use a seed with passphrase for your wallet, both will be needed to restore it. If you lose one of them, your crypto will be lost.
There's a post on another large crypto sub, that is still active as of this posting, that is linking to a scam site.
There's a bot network downvoting anyone claiming it's a scam site, and of course it has awards on it already so it appears legitimate. I've reported it, as have others, but so far the mods have yet to remove it. I can only imagine how many people are getting hit right now.
The op used reddit's formatting to hide the link. So it appears to link to a legitimate decentralized exchange on Solana, however hidden behind the formatting is a link to another website that is in fact a scam site.
The OP promises FTT holders the opportunity to sell their holdings on a decentralized website that just so happens to still have liquidity. It's a dream come true for some who have lost everything and the website will almost assuredly load and appear as an exact copy of the real website.
Just don't do it. Don't click links. We should know this already and yet people do it still because they're too lazy to type the name of the site in, or simply don't want to verify it themselves.
Take a few moments and figure it out on your own and always verify before committing.
I've been out of the crypto scene for a long while, since getting burned in the December 2017 crash - but I follow the news closely, and have many friends who are still on the scene. I've been seeing a lot of comments in this subreddit and across the Internet in response to those who have lost money on FTX, along the lines of "how could you be so stupid to store your money on an exchange?" "you got what you deserved for not storing your coin in your personal wallet". Mocking and patronizing of those who made the mistake of storing their coin on FTX.
First of all, "not your keys, not your bitcoin" is valid. These people making these comments are not wrong. But it's not the time or place to rub this in.
Many, many people store their money on exchanges. There are numerous reasons for going so, to name a few:
- Active day-trading
- Made trades on an exchange, and then forgot or postponed withdrawing to wallet.
- Uninformed about the risks of storing on an exchange, e.g. assuming that crypto exchanges are subject to the same laws and insurance regulations that regular banks are
- Not technically savvy / don't know how to do wallet management
This is human error, and all of us - even the smartest, most well-informed amongst us - have been guilty of human error before. In this case, the error was extremely costly.
I know it's easy to look down on those who are guilty of being uninformed or naive -- especially when you yourself are well-informed on these matters.
But remember, the person / people to blame here are those who ran this fraud. While there are always things we can do to better protect ourselves from potential fraud, it is not your fault for trusting someone who has been legitimized across the crypto scene and beyond.
We can do more critical analysis of mistakes we made at a later time, but at this time the pain is very fresh, and let's show some support and empathy for our fellow humans who have been hurt by these greedy dirtbags at FTX.
After my interview with SBF, I was convinced: I was talking to a future trillionaire. Whatever mojo he worked on the partners at Sequoia—who fell for him after one Zoom—had worked on me, too. For me, it was simply a gut feeling. I’ve been talking to founders and doing deep dives into technology companies for decades. It’s been my entire professional life as a writer. And because of that experience, there must be a pattern-matching algorithm churning away somewhere in my subconscious. I don’t know how I know, I just do. SBF is a winner.
But that wasn’t even the main thing. There was something else I felt: something in my heart, not just my gut. After sitting ten feet from him for most of the week, studying him in the human musk of the startup grind and chatting in between beanbag naps, I couldn’t shake the feeling that this guy is actually as selfless as he claims to be.
Written by:
Adam Fisher is a private historian who specializes in documenting the lives and careers of technical and engineering types who have made a world of difference.
Sociopathy Characteristics:
The list of common traits you might see in someone who has antisocial personality disorder, says Dr. Coulter, include:
Not understanding the difference between right and wrong.
Not respecting the feelings and emotions of others.
Constant lying or deception.
Being callous.
Difficulty recognizing emotion.
Manipulation.
Arrogance.
Violating the rights of others through dishonest actions.
Impulsiveness.
Risk-taking.
Difficulty appreciating the negative aspects of their behavior.
Since the fall of FTX, pressure on the entire crypto industry has been increasing.
Every exchange is under scrutiny, and everyone is becoming a crypto sleuth, tracing transactions between exchange wallet addresses and uncovering the "horrible truth", that no one's funds are safe and that this is "the end" of cryptocurrency.
It's very, very easy to read highly negative posts and to read the comments of these posts and to start to panic.
"Maybe my exchange isn't safe? Maybe I should move my crypto to cold storage? Maybe I should sell everything now and get out while I can? "
While some people ARE in serious trouble right now, it's important to remain calm and remember the basic, fundamental rules of trading ANY highly volatile asset:
1) Don't invest more than you are willing to lose.
2) Make a plan and try to stick to that plan. This is linked to number 2, but you should have an investment timeline, goals, and an ideal price point for when you want to exit.
3) Take profits along the way.
4) Avoid making emotional trading decisions. This includes FOMOing into an asset because you saw it on MSNBC or panic selling because someone on Reddit has "connected all of the dots" and the "fragile cryptosphere will come crashing down in Q1 of 2023".
5) Take people's posts, warnings, and other information they share with a huge grain of salt. No one is here looking out for you or trying to make you rich.
Things will certainly be undergoing very rapid and perhaps drastic change, much of which is linked to the macroeconomic situation right now and the way that the cryptoindustry is regulated (or rather not regulated), but no one can tell the future, and you should be very cautious of anyone that claims that they can.
I only see the newer accounts doing this and I assume it's because they haven't ran a full halving cycle yet.
The biggest reasoning is always because we:re too late and bitcoin is too expensive. It's number one so it has the least amount of growth left to do.
Well it's price bright now is on its knees. Are you buying it? The last cycles low to high was £3000 upto £51000 are you telling me that's not enough growth for you?
Meanwhile every alt I had in my portfolio died or flopped against the recovery of bitcoin.
Do some further reading on bitcoin and figure out why banks, governments, huge corporations all want access to bitcoin above all else. You think you know something they don't?
You've had more than 10 years so far. Distribution has been as fair as it can be. Early believers own more.
I'd say get some before 0.1 becomes unobtainable by average people. If you're reading this you cannot complain you were too late.
It's been unstoppable so far and it only gets stronger. Just my 2 sats. Stay safe.
The cryptocurrency industry has been marred by scams, hacks and other nefarious activity. This is in contrast to the traditional banking sector which is heavily regulated and typically considered much safer.
Cryptocurrencies are also much more volatile than traditional fiat currencies, meaning their value can swing wildly up and down. This makes them unsuitable for use as a mainstream currency.
The crypto market is volatile and ever-changing, but that doesn't mean you should stop investing in it. In fact, now is the time to double down on your investment in crypto.
Here's why:
- The market is due for a rebound.
After a rough 2018, the crypto market is due for a rebound. And while no one can predict the future, there are signs that the market is already starting to recover.
- There are more opportunities than ever before.
With the market in a state of flux, there are more opportunities than ever before to invest in promising projects. So if you're feeling bullish on the future of crypto, now is the time to put your money where your mouth is.
- You can use the downturn to your advantage.
Just Remember one small thing : Not YOUR keys, NOT your coins !
do NOT trust any Exchange no matter how Big or market dominant it is.
be safe my friend :)
Every time some centralized bank-like gambling platform goes under, a bunch of unrelated terms start getting thrown around, which I think confuses a lot of newcomers (it confused me at first).
"Not your keys, not your crypto" is the foundation and ultimate purpose of blockchain. It is personal, unalienable sovereignty. It is the sole advantage of crypto. However, this comes at a price: personal due diligence and responsibility.
You either have the power (key ownership) and bear the responsibility (if you lose it/screw up it's gone), or you give up responsibility (let someone else keep it "safe" for you) but in the process you give up the power as well (you don't own the keys).
You can't have it both ways.
Centralized exchanges are necessary as a fiat on/off ramp. They are also necessary for trading. For these 2 things, and these 2 things alone, they are good. I keep a very minimal amount of funds on CEXs and that only for convenience - to do some quick trading or to move things around. It is not a long term storage or ownership solution.
If you are investing any significant amount of your assets into crypto, you need to own your keys. End of story.
This can be done a lot of ways and each have their pros/cons. Briefly, there are 2 types of wallets:
Hot wallets
Pros
- Quick transactions
- Less steps for transactions
Cons
- Connected to the internet (additional risk - usually localized such as phishing or malware)
Cold wallets - can be hardware or software (software cold wallets are niche and outside the scope of this)
Pros
- Not connected to the internet - ever. This is important. If it's ever connected to the internet, even once, it's no longer a cold wallet.
- The most secure (not accounting for human error)
Cons
- PITA to use with any regularity
- Usually a one-way trip (you send to it and check via a blockchain explorer)
- Have to be very careful when you want to actually withdraw from it
Hardware (hot) wallets
Pros
- Air gap provides additional security
- Accessibility - you can take it with you
Cons
- If you lose it (physically), someone now has access to your crypto
- Air gap does not account for human error
- More steps for transactions/takes longer (you have to press keys to verify, sometimes a lot depending on the way the transactions is built)
Software (hot) wallets
Pros
- Most accessible
- Fastest
- Just as safe (not accounting for air gap) - a proper wallet encrypts your seed locally using the same encryption standards used by hardware wallets
Cons
- More prone to phishing (user error)
- Poorly designed wallets can be less safe, DD is very important
You'll notice recurring themes:
- 99% of crypto loss that occurs with self-custody is due to human error or lack of judgement. Don't drink & crypto for starters.
- Software wallets are not inherently any worse than hardware wallets other than air gap. The air gap measure is not the preventative measure that people make it out to be. Yes, it's technically great if your seed phrase is not exposed. If it's exposed, it doesn't matter what kind of wallet you have and so the most important thing is that you keep your crypto shit squeaky clean.
- Do not be lazy. This is a tall order. Learn about DeFi (there's this thing called Google), get custody of your crypto, take it slow, and you'll reap the benefits.
I hope this is a wake-up call for at least a few people and hopefully the beginning of a beautiful journey for others. Now go farm!
Please check and make your own research.
FTX
Yuga Labs - Seed
Circle - Unknown
Genesis Digital Assets - Strategic
NEAR Protocol - Unknown
BlockFi - Debt Financing
Nova Labs - Series D
Aptos - Unknown
Sky Mavis - Series B
Mythical Games - Series C
Chipper Cash - Series C
Aptos - Series A
LayerZero - Extended Series A
Liquid Global - Debt Financing
SEBA - Series C
Dave - Post-IPO Debt
Mina Protocol - Unknown
Protego Trust Bank - Series A
Delphia - Series A
Hidden Road - Series A
Euler Finance - Unknown
C2X - Unknown
DuskBreakers - Series A
Cogni - Series A
Meow - Series A
Faraway - Series A
BetDEX - Seed
Solidus Labs - Series A
DoraHacks - Extended Series B
Soba - Seed
Web3Auth - Series A
Nas Academy - Unknown
Vybe Network - Series A
Bastion - Series A
ALAMEDA RESEARCH
Polygon - Unknown
Anchorage Digital - Series D
Solana - Unknown
Voyager Digital - Post-IPO Debt
Immutable - Unknown
inch - Series B
NEAR Protocol - Unknown
Offchain Labs - Series B
SEBA - Series C
Voyager Digital - Unknown
Lido - Treasury Diversification
MobileCoin - Series B
Voyager Digital - Post-IPO
Immutable - Series B
VALR - Series B
Alliance DAO - Seed
StarkWare - Series C
AscendEX - Series B
Metaplex - Unknown
Paradigm - Series A
Pintu - Extended Series A
Hxro - Unknown
Subspace Labs - Series A
Espresso - Seed
Render Network - Seed
Stocktwits - Series B
BitOasis - Series B
MARA - Unknown
Sommelier Finance - Series A
dTrade - Unknown
Astar Network - Strategic
Parallel Finance - Series A
Messari - Series A
