Thread: Crypto News

Yes, Bitcoin strikes.
But I was more surprised by the rise of Solana. Doubled in two weeks!

Australia's Commonwealth Bank is partnering with Gemini to offer a platform for customers to trade cryptocurrencies. Depending on how easy they make it to get involved, this should result in some additional buying pressure from those who are curious.

Australia's biggest lender said it will partner with New York-based exchange Gemini Trust Company LLC to offer a "crypto exchange and custody service" through a new feature in its mobile banking app that is used by about 6.4 million customers.

https://www.reuters.com/business/cop...ng-2021-11-02/

Don’t think of it as leaving Twitter. Jack Dorsey’s going all in on crypto.

Bitcoin unleashed a huge wave, and Dorsey — no longer doing double duty at Twitter and Square — wants to ride it.

"If I were not at Square or Twitter I'd be working on bitcoin," Dorsey said at a cryptocurrency conference in Miami in June. At the time, he said “both companies have a role to play.”

https://www.protocol.com/fintech/jac...crypto-twitter

More than $320 million stolen in latest apparent crypto hack

Wormhole, one of the most popular bridges linking the ethereum and solana blockchains, lost about $320 million in an apparent hack Wednesday afternoon.

The two blockchains are popular in the world of DeFi, where programmable contracts can replace lawyers and bankers in some transactions, and NFTs.

But few users stick with one blockchain exclusively, so bridges like Wormhole are a necessary go-between.

https://www.cnbc.com/2022/02/02/320-...-ethereum.html

With crypto creeping back up the charts, I figured I'd throw this out there for anyone interested in checking on coin prices from time to time. Nice user-friendly list, very similar to coinmarketcap.com but a little more clean, in my opinion:

https://www.coingecko.com/

This is what ruins it for me. Why so many cryptos? How easy is it to make one? It seems like trading something for the sake of trading something -- kind of like GameStop.

If there were just a half dozen of these than maybe I'd get it. And, to me, all of these other little ones bring down the credibility of Bitcoin and Ethereum because they are obviously a lot easier to manufacture than what in my mind was the complexity of BTC and ETH.

Originally Posted by tsptalk

This is what ruins it for me. Why so many cryptos? How easy is it to make one? It seems like trading something for the sake of trading something -- kind of like GameStop.

If there were just a half dozen of these than maybe I'd get it. And, to me, all of these other little ones bring down the credibility of Bitcoin and Ethereum because they are obviously a lot easier to manufacture than what in my mind was the complexity of BTC and ETH.

Have to make money off those millennials expecting huge returns and early retirement!!!!
https://www.marketwatch.com/story/mi...is-11649199310