Hello everyone,

I'm sorry if this was already asked but I can't find any answers to my specific question.

I know there are wallets that don't do KYC and are more privacy focused, at the same time there are wallets that have an IBAN number associated that can work like a normal bank account + a crypto wallet.

Is there any way or wallet that skips the invasive KYC identification processes, privacy focused, that allows me to have an online account with an IBAN that works like a normal bank account but also works with crypto and with low fees? Or am I asking for too much at this point? Lmao.

I just want my privacy, I'm not a criminal, I want to be able to receive money, get paid and all of that in my account without having to sell my personal info to banks.

we will walk you through setting up a very powerful Monero server on TrueNAS. By completing these steps, you will be able to connect to your own self-hosted Monero node with the official Monero wallet and Cake Wallet, and you will be able to connect to your own self-hosted Monero LWS server with Edge Wallet and MyMonero.

Would anyone advise me on my use case?

I am launching a paid service and would like to offer the option for customers to pay in crypto. I would likely want to regularly convert the crypto to GBP for day-to-day spending at the supermarket and suchlike, rather than hold it as an investment or trade in it. It will likely be fairly small amounts at a time and therefore low-risk.

What would be the easiest way for me to do this?

The Saika Kawakita meme coin, or $SAIKA, is a cryptocurrency on the Solana blockchain, inspired by a viral moment from Saika Kawakita, a Japanese AV idol. In December 2024, a GIF of her smiling from a 2022 film exploded on X, clocking over 20.6 million views in a day.

In March an executive order directed America's treasury secretary to create two stockpiles of crypto assets (to accompany already-existing "strategic reserves" of gold and foreign currencies). And the Washington Post notes these new stockpiles would include "cryptocurrency seized by federal agencies in criminal or civil proceedings." But how big would America's "Strategic Bitcoin Reserve" be — and what other cryptocurrencies would the U.S. government hold in its "Digital Asset Stockpile"?

"New data on what crypto cash the U.S. government has seized may now provide some answers.

It suggests the crypto reserves will together hold more than $21 billion in cryptocurrency... The stockpile will be funded with whatever crypto assets the Treasury holds other than bitcoin, leaving the stockpile's composition to be largely determined by a mixture of chance and criminal conduct. That unconventional method for selecting government financial holdings had the benefit of making the reserves cost-neutral for the taxpayer.

It also provided a way to estimate what exactly might go into the two pools before results are released from an official accounting of U.S. crypto holdings that is underway.Because government seizures are disclosed in court documents, news releases and other sources, crypto-tracking firms can use those notices to monitor which digital assets the U.S. government holds. Chainalysis, a blockchain analytics firm, reviewed cryptocurrency wallets that appear to be associated with the U.S. government for The Washington Post. The company estimated how much bitcoin it holds, and the other crypto tokens in its top 20 digital holdings as of May 13, by tracking transactions involving those wallets.

The United States' top 20 crypto holdings according to Chainalysis are worth about $20.9 billion as of 3 p.m. Eastern on May 28, with $20.4 billion in bitcoin and about $493 million in other digital assets. It has been scooped up from crimes such as stolen funds, scams and sales on dark net markets. Those estimates put the U.S. government's top crypto holdings at less than the approximately $25 billion worth of oil held in the U.S. Strategic Petroleum Reserve. Their value is nearly double the Fed's listing for U.S. gold holdings, although that figure uses outdated pricing and would be over $850 billion at current prices...

The crypto tokens headed for the U.S. Digital Asset Stockpile according to the Chainalysis list include ethereum, the world's second-largest digital asset, and a string of other crypto tokens with punier name recognition. They include derivatives of bitcoin and ethereum that mirror those cryptocurrencies' prices, several stable coins designed to be pegged in value to the U.S. dollar, and 10 tokens tied to specific companies, including the cryptocurrency exchanges FTX, which imploded in 2022 after defrauding customers, and Binance.

Two U.S. states have already passed legislation creating their own cryptocurrency reserve funds, the article points out. But ethereum co-founder Vitalik Buterin complained to the Post in March that crypto's "original spirit...is about counterbalancing power" — including government and corporate power, and getting too close to "one particular government team" could conflict with its mission of decentralization and openness. And he's not the only one concerned:

Austin Campbell, a professor at New York University's business school and a principal at crypto advisory firm Zero Knowledge, sees hypocrisy in crypto enthusiasts cheering the government's strategic reserves. The bitcoin community in particular "has historically been about freedom from sovereign interference," he said.

Abstract credit: https://slashdot.org/story/442693

Private Money in a Public World

https://electriccoin.co/blog/private-money-in-a-public-world/

#Zcash #cryptocurrency #crypto

@crypto

Former SEC Chair Gary Gensler is facing fresh scrutiny over his stance on crypto, after Patrick McHenry revealed that Gensler privately acknowledged the value of digital assets.

I'm new to this.I want to buy some crypto and store it on my phone or laptop. I'm buying crypto for online purchases and donations and not looking forward to trading. Which sites would you suggest for me to buy from and which wallets would you suggest?

Zashi is turning one today—and we’re celebrating with something big. Zashi 2.0 is a complete redesign of the app, built around everything we’ve learned from you over the past year. While Zashi 2.0…

I've been having to dig into some crypto savings and paying by converting to fiat. I've got a subscription that can be paid with crypto (which I've never done) and was gonna send from Ledger to a hot wallet to pay but I suppose I could just send it directly from Ledger yeah?

Without thinking about it I just assumed it'd be safer to transfer to a hot wallet but right before I did, I wondered why? I can't think of any reason paying directly from a cold wallet would have any risk compared to transferring out first. Would I have just wasted transfer fees or is there a good reason to transfer out first?

I've used Trezor model T and Ledger Nano. Was wanting to explore other hardware wallets.

What hardware wallets do you recommend?

Bitcoin mines—massive computing clusters generating cryptocurrency tokens—consume vast amounts of electricity. The amount of fine particle (PM2.5) air pollution created because of their electricity consumption and its effect on environmental health is pending. In this study, we located the 34 largest mines in the United States in 2022, identified the electricity-generating plants that responded to them, and pinpointed communities most harmed by Bitcoin mine-attributable air pollution. From mid-2022 to mid-2023, the 34 mines consumed 32.3 terawatt-hours of electricity—33% more than Los Angeles—85% of which came from fossil fuels. We estimated that 1.9 million Americans were exposed to ≥0.1 μg/m3 of additional PM2.5 pollution from Bitcoin mines, often hundreds of miles away from the communities they affected. Americans living in four regions—including New York City and near Houston—were exposed to the highest Bitcoin mine-attributable PM2.5 concentrations (≥0.5 μg/m3) with the greatest health risks.

I had always kept my crypto and tokens in a local exchange called Nobitex but I heard that it is not the safest and best way of storing. So may I ask you, where have you had experienced storing your assets? if you ever migrated from one place to another, what was unsatisfying about your previous storage? where are you now?

he said in a post on Truth Social.

“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA,” the post said. “I will make sure the U.S. is the Crypto Capital of the World.”

“And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be at the heart of the Reserve,” he said in a follow-up post. “I also love Bitcoin and Ethereum!”

I'm not a crypto guy but the ceo says, "Bybit is solvent even if this hack loss is not recovered, all of clients assets are 1 to 1 backed, we can cover the loss"

And I'm just wondering, wtf, how?

The US Department of Justice (DOJ) has been authorized to sell approximately 69,370 Bitcoin seized in connection with the Silk Road darknet marketplace, a haul currently valued at around $6.5 billion, DB News reported Wednesday. The decision is set to end a years-long legal dispute over the BTC stash's ownership. On December 30, a federal judge ruled in favor of the DOJ's request to liquidate the crypto assets, the report said. Battle Born Investments, which had asserted a claim to the Bitcoin stash through a bankruptcy estate, ultimately failed in its bid to delay the sale.

As noted, the group had pursued a Freedom of Information Act (FOIA) request seeking the identity of "Individual X," who initially surrendered Bitcoin, but the effort also proved unsuccessful. Battle Born's legal counsel criticized the DOJ's handling of the case, alleging the department employed "procedural trickery" in its use of civil asset forfeiture to avoid scrutiny. The DOJ, in its arguments before the court, cited Bitcoin's price volatility as motivation for seeking a quick sale of the seized assets. A DOJ spokesperson, when contacted, stated, "The Government will proceed further consistent with the judgment in this case."

The update comes after the US Supreme Court refused to hear an appeal challenging the seizure of the Bitcoin stash, which was brought by Battle Born last October. The decision likely paved the way for the US government to sell Bitcoin, which was valued at $4.4 billion at the time. The US Marshals Service is expected to manage the liquidation process, which, if confirmed, will be one of the largest sales of seized crypto in history.

Abstract credit: https://slashdot.org/story/437425

cross-posted from: https://realbitcoin.cash/post/1112

Bitcoin Cash is quickly becoming the go to chain where DeFi apps are being deployed since builders know they will not run into scaling issues which can threaten the growth of their apps.