Ledger’s new service sends panic to the crypto community
So yesterday @Ledger published an update for a service that sends your seed phrases to different companies
— jawz 🦋 (@sayinshallah) May 16, 2023
Which can be “opted out” but i feel like trust is now 100% broken because whether a person subscribes to the service the backdoor was always there to begin with pic.twitter.com/BkbCLShzsg
Let me pile on the request for a super technical write up about the functioning of the new @Ledger seed backup feature.
— Paolo Ardoino 🍐 (@paoloardoino) May 16, 2023
From the website explanation ( https://t.co/wpIynaJVwU ) it doesn't seem the seed can only be backed up at creation time, but it reads as if you could back the…
WTF is this real @Ledger ? this is unreal im literally getting sick
— Clouted (@CloutedMind) May 16, 2023
do you have any idea how much money your devices secure ???
have you been lying all this time saying the seed on the device cannot be accessed in anyway? pic.twitter.com/34txno7koR
New crypto regime in HK starts June 1
New crypto regime in HK starts June 1
— Andrew Kang (@Rewkang) May 16, 2023
Chinese flows coming back into the spotlighthttps://t.co/Yps7DDh5AF
Argentinian responses to crypto haters on HackerNews
Argentinian responses to crypto haters on HackerNewshttps://t.co/OBFQT8MWxS pic.twitter.com/NOXU7Rn6t0
— Mikko Ohtamaa (@moo9000) May 16, 2023
Two things in Bitcoin that you need to be prepared for
There are two things in #Bitcoin that you need to be prepared for.
— Undisclosed ₿ ⚡💜 (@BitcoinUndisc) May 16, 2023
1. An 80% drop in price at any time.
2. A 20x increase in price at any time.
This is why I don't believe in retiring early on your #BTC & I don't believe in dollar cost averaging.
Before the misinformed become involved: Dollar cost averaging = having a large sum of money that you *slowly* invest in an asset instead of putting it in in a lump sum. It does not mean putting aside a sum of your income every month. That is simply saving.
— Undisclosed ₿ ⚡💜 (@BitcoinUndisc) May 16, 2023
Jump Trading made some $1 billion in profit through its dealings with Terraform Labs
WSJ: The court filings shows that Jump Trading made some $1 billion in profit through its dealings with Terraform Labs. The January 2020 email outlined a deal in which Jump would boost the liquidity of "Terra and Luna," and Jump would get to buy Luna at 30 cents, 40 cents, and 50…
— Wu Blockchain (@WuBlockchain) May 16, 2023
BTC Binance Open Interest
$BTC Binance Open Interest
— Skew Δ (@52kskew) May 16, 2023
Short liquidity taken & now market is hunting long liquidity
Note funding rate calculation will swing both ways depending on spot & perp difference within funding periods
For now binance spot is leading the way https://t.co/Nx2HZHBt1v pic.twitter.com/06Cs8r6Olp
Whales are accumulating ARB
A whale is accumulating $ARB.
— Lookonchain (@lookonchain) May 16, 2023
Address"0x37bf" was created 4 days ago with 1.5M $ARB ($1.76M) withdrawn from #Binance at $1.07 at the time.
And withdrew 1M $ARB ($1.18M) from #Binance again 13 hrs ago.
The whale holds 2.5M $ARB ($2.95M) now, the average buying price is ~$1.13. pic.twitter.com/FdYcN8Top6
PEPE has been listed on Kraken
We've detected that Pepe $PEPE has been listed on Kraken!
— Crypto Exchange Listing Bot (@crypto_alerting) May 16, 2023
View on Kraken: https://t.co/2b9ZpgbhMV
https://t.co/EcooA4WgWd
The current pace of the SEC rule making is not only an embarrassment to the United States
1/5
— Adam Cochran (adamscochran.eth) (@adamscochran) May 16, 2023
Dear American Law Makers,
Let's be clear:
The current pace of the SEC rule making is not only an embarrassment to the United States but a real and present danger.
Chair Gensler cites cases suggesting that 10-20 year rule makings are acceptable. pic.twitter.com/sEe8Mfq62c
3/5
— Adam Cochran (adamscochran.eth) (@adamscochran) May 16, 2023
One can appreciate that new technology can be challenging to understand the implications of and merits time to study.
Which is why despite crypto being created in 2010, it took other US regulators time to respond – but, respond they did.
Also @HesterPeirce how many decades did you work on your crypto safe harbor proposal?
— Adam Cochran (adamscochran.eth) (@adamscochran) May 16, 2023
I believe it was less than 0.1, right?
So qualified SEC commissioners can indeed develop nuanced rule making proposals in sub-decade timeframes?
Meme coins are aiding money washing
Justin Sun attacked the younger brother of Huobi founder Lilin for obtaining zero-cost HT and selling
Justin Sun attacked the younger brother of Huobi founder Lilin for obtaining zero-cost HT and selling, and will burn these HTs. Li Lin hopes that Sun should show evidence, and if it is true, he will pay 10x the compensation. Sun bought the Huobi exchange from Li Lin last year.…
— Wu Blockchain (@WuBlockchain) May 16, 2023
Celsius moves 428,000 stETH
celsius just moved their 428,000 stETH 10mins before lido withdrawals go live 🤔 pic.twitter.com/5EdfiK16Tr
— alto | dollar.eth (@etheraltog) May 15, 2023
— alto | dollar.eth (@etheraltog) May 15, 2023
Dutch Central Bank today revealed it spent months executing an operation to move $15 billion
The Dutch Central Bank today revealed it spent months executing an operation to move $15 billion including 200,000 kg of bars and coins, requiring police and military support.
— Vandelay ₿TC Industries ⚡ (@VandelayBTC) May 15, 2023
This would have been 10 minutes+$3.02 on the #Bitcoin Standard. #GovEfficiencyhttps://t.co/Rg00HHDcmK pic.twitter.com/J3oPREyToS
DNB also built an entire new high-security facility to store the gold in Zeist. 14,166 gold bars and 1,006 boxes of coins started being moved there in October 2020. pic.twitter.com/fW7oZzQZit
— Vandelay ₿TC Industries ⚡ (@VandelayBTC) May 15, 2023
Total costs to taxpayers were not revealed.
— Vandelay ₿TC Industries ⚡ (@VandelayBTC) May 15, 2023
That's something that central bank shills like Alex "Digiconomist" de Vries don't like to see mentioned while spreading FUD about #Bitcoin using "too much energy." – because they know this is maximum fiat inefficiency. pic.twitter.com/qBt6anC756
