Wednesday, July 21, 2021

This is what Musk said, this capricious villain, he is the real biggest dealer.

Tesla CEO Elon Musk said at The B Word event last night that Starlink has already tried to run a Bitcoin full node, and it can also be used as a mining node for Ethereum or Dogecoin. Play the role of a space heater.

https://preview.redd.it/0ab89t7kroc71.png?width=1452&format=png&auto=webp&s=ed0d0ec9bb737dfe544b5cab967523662fda465c

Tesla CEO Musk revealed when participating in the B Word event last night that he might once again accept consumers to buy cars with Bitcoin. Musk said: "It seems that Bitcoin is moving towards renewable energy. The use of renewable energy is likely to reach or exceed 50%, and the number will rise according to the trend. If this is the case, Tesla is very likely to be Accept Bitcoin payment again." He personally owns Ethereum, Dogecoin and Bitcoin, and SpaceX holds Bitcoin. Musk said: "In general, I support Bitcoin, but I also need to be wary of cryptocurrencies, especially Bitcoin consumes too much energy... If the price of Bitcoin drops, I will lose money. I may buy, But it will not be sold."

https://preview.redd.it/80lael9nroc71.png?width=818&format=png&auto=webp&s=a63e04980dd0315568016a70227d0892eceb7e33


Tesla CEO Elon Musk is optimistic about BTC again at The B Word event, and I am a little worried about his words (x-post from /r/Bitcoin)

https://www.reddit.com/r/Bitcoin/comments/op641e/tesla_ceo_elon_musk_is_optimistic_about_btc_again/

Have faith on Bitcoin! HODL is hope!

Have faith on Bitcoin! HODL is hope!💪👊

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https://preview.redd.it/jse713n1gjc71.jpg?width=1024&format=pjpg&auto=webp&s=6274851c7d9580ac85ef4c8c6a5522891a55ad16


It's sad 3 prominent leaders in our community have an event like this and all we get is a small pity bump in price. Sorry guys it's over. (x-post from /r/Bitcoin)

https://www.reddit.com/r/Bitcoin/comments/op41iy/its_sad_3_prominent_leaders_in_our_community_have/

The unsolved cyberheist of Mt.Gox. Some 850,000 Bitcoin was stolen from what was once the most popular trading platform. The circumstances surrounding this event are still a mystery.

https://youtu.be/lquOtmuPWNU

With current FUD, don't panic sell. Bitcoin's value will still go to infinity on the long term. Here is why.

During these times, I see a lot of FUD around and newbies are converting their sats back into USD because they fear to lose it all. That’s unfortunate.

What are the reasons of this sell-off? They treat Bitcoin like risky stocks, get rich quick scheme or worst, they don’t understand how basic economy works They have no idea that Bitcoin changes everything and will transform our entire society for the better.

As a result, I wanted to emphasize once again why our world needs Bitcoin and reassure everyone that its value is scheduled to go to infinity on the long term.

1) We will always want to have more than our neighbors

Since the early ages, humans have always lived in societies to survive and evolve. Social mechanisms have bring the dominance question into the equation: in order to establish our status among our society, we want to have more money than others to show dominance.

Not so long ago, some guys found a new way to distinguish themselves from the masses even more. Their idea was to privately own businesses and make people work for them so they can keep all the profits. It is called capitalism and is still considered the best system nowadays.

2) Inflation makes rich richer, while making poor poorer

An interesting lever for our elites to keep earning more is infinite growth. One way to do it is to let banks print new money which will be injected into the economy. Businesses will produce more, people will have more money, making owners wealthier.

However, the more money is printed to support growth, the bigger the money supply gets, and the more prices of goods and services go up. This is inflation. As wages don’t increase at the same level, employees get less buying power over time, making them poorer.

3) Deflation system will never be voted by elites

Remember, governments and business owners will always want to save their privileged status. Stopping money printing, would result in deflation, which means that prices would go down and people stop buying. Why buying something today when it will be cheaper tomorrow?

At that point, companies would go bankrupt, and shareholders would lose their wealth. You know understand how this is important for them to keep inflation running. Quite easy to do : banks simply have to lower loans APR to encourage people to take credits and buy stuffs.

4) Inflationary system has plenty of other negative effects

Inflation is also an endless nightmare. Banks or countries borrows money from central banks but their debts will never be paid back. Instead, they take new debts to reimburse part of the old debts. Money printer will never stop. This is actually getting worst over time.

Last but not least, inflation is not a sustainable system for our finite planet. Always-increasing mass consumerism consumes always more energy and resources that are not abundant. Global warming and climate change will never slow down by itself in an inflationist economy.

5) Be your own bank with Bitcoin and change the system

To make things clear from the start, Bitcoin is our only hope to change the system. You don’t know who to vote for at the next elections because you don’t trust them to bring a working solution? Just buy Bitcoin and hold it. This will be your best vote to have a real impact.

Here are the 5 main reasons why Bitcoin is the only viable solution :

a) Bitcoin is decentralized: it is not governed by anyone and has been designed to follow the exact same principles and will continue to deliver as promised forever. Algorithms embraces certainty. It is the opposite of human-based government that can change rules every now and then to please their own bank account.

b) Bitcoin has a 21M max supply: this is the first time in history we are dealing with an asset that will always be absolutely finite (not even gold), and cannot be replicated. Less and less coin will be produced until 2140, making it the perfect deflationary asset, without mentioning coins that will be lost forever. It is the opposite of central banks which are printing infinite FIAT currencies.

c) Bitcoin is the most secured asset: billions of successful transactions to date and millions of wallets without a single hack to date. The more people join, the more the network is strong and secured. Bitcoin is your secured property as opposed at current systems where banks are hacked every day and could collapse or take your gold in absolute necessity.

d) Bitcoin is the most liquid asset: you are always 1 click away to send any amount to anyone, at any time, and anywhere in the world. Everyone can be its own bank without any government intervention or third party censorship.

e) Bitcoin is the perfect ledger: blockchain technology keeps perfect track of every transaction that has ever happened. You would rather buy your drugs with cash than buying them with Bitcoin. Same principle with corrupted governments in a lot of third countries.

6) Bitcoin is a store of value asset above all

As you have probably noticed, and despite what is written on the Bitcoin white paper, I want you to treat Bitcoin like an store of value asset first. The currency/cash feature is just the cherry on top the cake that Satoshi offered to us.

However, as each Bitcoin transaction is considered a taxable event in many countries, this does not advocate for a currency usage. The high transaction fees are also a challenge that will need to be adressed. There are layer-2 solutions like lightning network that will help in that matter.

7) Bitcoin is incentiving holders to think long term

Bitcoin being deflationary, it encourages people to hold their sats on the long term. Nobody wants to sell their bitcoins into a weaker currency that is losing more value over time. Never compare the price of 1 BTC to USD, this is pointless as USD price will go to infinity because of infinite money printing. This is why 1 BTC will always be equal to 1 BTC.

To judge Bitcoin’s value, think instead on its USD market capitalization and compare it to other scarce asset market caps. Bitcoin still has room to grow 10x its current price to have the same value of gold. 100x to have the same value of real estate. If you consider that Bitcoin is scarcer, more secured, and more liquid than these 2 assets, I let you imagine how early we still are.

Satoshi has created the ultimate savings account that makes long term holders winners.

I hope this summary will help people to realize how important Bitcoin is for our future. It is our escape gate to a fair, inclusive and sustainable world. Buy, hold and spread the word around you!

And that’s all I have to say about that.


why is the halvening event not emphasized more?

It seems like the halvening is pretty much the single most important event for bitcoin holders/users. How come this isn't something emphasized like 10x more especially to newcomers?


Elon Musk, Jack Dorsey, Cathie Wood Will Discuss Bitcoin Live at 'B Word' Event

https://news.bitcoin.com/elon-musk-jack-dorsey-cathie-wood-discuss-bitcoin-live-b-word-event/

Elon Musk, Jack Dorsey, Cathie Wood Will Discuss Bitcoin Live at 'B Word' Event (x-post from /r/Bitcoin)

https://www.reddit.com/r/Bitcoin/comments/oozwxf/elon_musk_jack_dorsey_cathie_wood_will_discuss/

why is the halvening event not emphasized more? (x-post from /r/Bitcoin)

https://www.reddit.com/r/Bitcoin/comments/oozuov/why_is_the_halvening_event_not_emphasized_more/

Someone messaged me - thank you for the news. Made my day.

Hey Chaps,

Glad to see there is a time when Elon is talking and it is not complete Bitcoin FUD... 😏

Speaking of FUD, I do want to remind you that the original authors behind the "Grayscale Unlock" theory were the chaps over at JP Morgan.

https://www.coindesk.com/grayscale-unlockings-poses-downside-risk-to-bitcoin-price-jpmorgan-says

TLDR: JP Morgan strategist Nikolaos Panigirtzoglou claimed that these GBTC unlock periods could see massive selling pressure on Bitcoin. The theory was that the moment that these institutional investors were able to finally sell their GBTC shares, they would jump at the opportunity and sell (given the negative premium)

This GBTC selling would then also lead to downward pressure on Bitcoin prices.

Of course, this theory did not go unchallenged. Kraken released their June crypto intelligence report that disputed these asertions:

https://kraken.docsend.com/view/9cc9sb3wskj9jiht

Their main arguments were that this GBTC premium trade was done in a market neutral fashion. These were arbitrage trades that were made delta neutral by shorting Bitcoin in the futures market. To quote the report:

"The unlock means that market participants who attempted to arbitrage GBTC's premium can hold onto their GBTC shares and keep their short on (meaning there is no net-selling of BTC). However, market participants could also sell their GBTC shares and cover their spot/futures short, which would result in net-buying"

So, basically, they were making the argument that it could even lead to positive price pressure.

However, in the lead up to these unlocking events you will have seen a slew of coverage from several media outlets. It was talked about as if it was some cataclysmic event for Bitcoin. Here are some of these headlines:

https://prnt.sc/1e2e4mx

On Sunday we had the biggest unlock taking place. On Monday, when the shares hit the market, prices were relatively flat. Even if some institutional investors were unwinding their GBTC positions, there were buyers ready to pick it up:

https://bitcoinmagazine.com/markets/ark-invest-300000-grayscale-bitcoins-shares-buy

While Bitcoin did take a bit of a dip yesterday, that appears to mostly have been because of it tracking the Equity markets in a "risk off" slant.

The point is that this was a classic example of FUD being thrown on the crypto markets.

Now, even though JP Morgan may not be the biggest fan of Bitcoin and does not view it as an "asset class", its High Net Worth Clients think otherwise.

https://www.bloomberg.com/news/videos/2021-07-20/most-clients-see-bitcoin-as-an-asset-class-says-j-p-morgan-s-erdoes-video

It's pretty cool to see that these guys are telling JPM: I don't care what you think, I want to trade!

I think even more people should stop caring about JPM think (or say) 😉


Five risky types of investments. Some are advertised as "safe"

There are financial instruments with which it is better not to start the adventure with investing until we have the appropriate knowledge.

There are financial instruments with which it is better not to start the adventure with investing until we have the appropriate knowledge.

SEE ALSO: finance

Warren Buffett has jokingly shown what he thinks of bitcoin as "next generation currency"

In recent months, it has become louder and louder about the stock exchange, cryptocurrencies and new products on the investment market. Investing, thanks to applications and the Internet, becomes easier than ever. And along with stories about crypto millionaires or friends earning on CD Projekt shares, more and more people are looking for opportunities to multiply their savings. However, before we choke on the vision of great earnings, it is worth checking whether we are aware of the risks associated with it.

Together with the experts, we indicate where a significant risk may lie in investing, if we are not familiar with it

There are instruments with which you should not start your adventure with investing

High risk is associated with, among others with instruments advertised as "profit guarantee"

You can find more such stories on the Onet.pl homepage

Billionaire Mark Cuban, when asked what to invest in when we do not know it, replied shortly: do not invest. In his opinion, it is better to spend this money on yourself - your education and development. A similar case was raised by the legendary investor Warren Buffett, one of the richest people in the world, arguing that the best investment is the one in yourself. But what if we are determined to invest? Then it is worth finding out which instruments are more risky.

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There is no safe investment. Educate yourself before you start investing

Together with the experts, we indicate several types of investments that are, for various reasons, characterized by a relatively high risk. To enter these markets, you must arm yourself with solid education. It should also be noted that, as the Polish Financial Supervision Authority often emphasizes in its communications, there is no such thing as fully safe investments - each type of investment is burdened with greater or lesser risk.

But while some instruments - such as sovereign bonds - are considered safer than others, some are a real financial rollercoaster.

- The greatest risk is always the lack of understanding of the instrument in which you invest - tells us Tomasz Jaroszek, financial blogger and investor, creator of the Doradcy.tv website, speaker at many conferences on investing and co-author of the book "In the footsteps of Warren Buffett".

Also Paweł Biedrzycki, individual investor and editor-in-chief of the Strefa Inwestorów industry website, points out:

https://kryptoakcje.wordpress.com/

https://sites.google.com/view/inwestujwakcje/

http://akcjeobligacje.bravesites.com/

http://inwestycje.jigsy.com/

You shouldn't generally invest in instruments that you don't understand. All kinds of cryptocurrencies, NFT, art or derivatives are therefore dedicated to experienced investors and the adventure with investments should not begin with them.

There are several such instruments - before we invest in them, it is better to get a solid foundation in the form of knowledge and experience.

Cryptocurrencies

Cryptocurrencies first ignited the imagination of potential investors during the rush of 2017. In 2020 and 2021, they got loud again, especially about ethereum and bitcoin, as the media reported on the next record levels of their prices. However, it is important to remember what the Polish Financial Supervision Authority regularly warns that the crypto market is associated with high risk, for two reasons.

First, it is an unregulated market. What does it mean? As described by the Polish Financial Supervision Authority, the cryptocurrency market does not have specific regulations and is not part of the financial market within the meaning of the Act on Financial Market Supervision. Therefore, it is also not subject to the supervision of the Commission. This, in turn, is associated with a number of problematic issues in a situation where, for example, we are cheated or lose money for reasons other than our own, bad investment decisions. Pursuing your rights and claims can be highly problematic. In addition, entities from this industry do not have any disclosure obligations, so they may not warn you about, for example, extremely high risk. In the opinion of the Commission, this makes it difficult to make informed investment decisions.

If we invest in bitcoin, we are fully aware of the risk and know how to technically do it in the safest manner, settle for taxes, etc., all this is clear. It's worse when we want to earn money on bitcoin and we use a dubious website that offers bitcoin-based instruments and we are not even able to define well as clients how it really works. Risk in investments is always, but one thing is the risk of volatility of the instrument, and another thing is the security of transactions, funds and technical issues.

- points out Tomasz Jaro

Second, the cryptocurrency market operates 24 hours a day, 7 days a week and is characterized by high volatility in asset prices. The price of bitcoin can shoot up one day and collapse the next - the best example of this is the fact that at the end of 2017, bitcoin cost almost 20,000. dollars, and a year later ... 3 thousand. hole.

Over the past months, the prices of bitcoin and many other cryptocurrencies have been rising over the broader perspective, but no one can predict to what extent this is a permanent situation - as is the case with all other floating price assets on the market. Often the cryptocurrency rate was "rocked" by one tweet of Elon Musk, one decision of the company - for example Tesla, or a regulator from a distant country. Therefore, there are many risks that should be known and understood before starting the adventure with cryptocurrencies and you should not ignore them in the pursuit of profit.

NFT or digital art

In 2021, the so-called NFT, or Non-Fungible Token, became an investment hit, which is most often translated as "non-transferable" or "immutable" digital token saved on a blockchain. In this case, however, "non-transferable" does not mean the inability to sell such a token, and the non-transferability of the rights to the related work. This means that the holder of such a token is the sole rightful owner of a given work - which in the case of digital art that can be easily copied and distributed, is the ultimate confirmation of ownership.

The NFT token "represents" a given digital work - photo, video, music file, etc. - in a way that prevents it from being copied. As a result, it receives a guarantee of originality, which at the same time translates into its value. This concept has recently been rapidly gaining popularity, among others among celebrities such as Paris Hilton, Azealia Banks and Mark Cuban, translating into the development of a new market based on blockchain technology.

See also: Twitter co-founder's first tweet worth $ 2.5 million? Offers are falling apart

Many wealthy people became interested in NFT tokens, paying for them thousands, and sometimes millions, amounts. In February, the original Nyan Cat meme was sold for $ 560,000. dollars. In turn, the photo, ie Brian's Bad Luck, was sold for 36 thousand. dollars. However, these amounts pale in comparison to the record-breaking $ 69 million in NFT history someone paid for a digital collage created by an artist hiding under the pseudonym Beeple.

Investing in NFT is therefore often referred to as investing in digital art. Accordingly, NFT tokens have no "intrinsic value" as such, according to Nicholas Weaver, professor of computer science at the University of Berkeley. "They have no value other than how much someone else will pay for them," Weaver said in a commentary for the US Insider.

Moreover, the NFT market itself - like cryptocurrencies - is characterized by high volatility, points out Nadya Ivanova, Chief Operating Officer of L'Atelier BNP Paribas, a research company that issued a report on the NFT in February 2021.

- There are no mechanisms on this market yet that would be able to help people evaluate tokens or indicate the more and less reliable ones. Contrary to the traditional art market, there are no recognized "artists" here yet, and anything - a tweet, a song, or even a meme from the Internet - can become an asset assigned to a token. Anyone can make an NFT out of anything, and so there are a lot of "really bad" tokens, says Ivanova. According to her, as in the case of "physical" arts, the NFT market is a space for people with a lot of knowledge. And there is no rule as to which of these assets will win the hearts of investors enough to make a profit on it. This means that in the case of NFT, the risk is not only high price volatility and possible frauds or lack of market supervision, but also liquidity, i.e. the possibility of reselling the token.

Ivanova emphasizes that one day the NFT market will probably mature and enter the mainstream, but there are many risks and uncertainties there.

Instruments described as giving "guaranteed returns"

Often in advertising, especially on the web, you can find the terms "guaranteed profit". Such slogans were advertised, for example, by some condo hotels, against which the Polish Financial Supervision Authority and the Office of Competition and Consumer Protection are now warning. Sometimes financial pyramids cleverly combine the words "rate of return" or "profit" with the word "guarantee". Exactly as in the case of the famous Amber Gold, where next to the large number "13%" was the slogan: "guarantee of security of deposits". Only that "guarantee" was written in a larger font than the other two words.

As Paweł Biedrzycki tells us, "contrary to appearances, the greatest risk awaits average investors in the group of relatively simple and seemingly safe investments".

You should be very careful with all types of bonds, loans, or real estate investments that guarantee even a few percent profits. There is no above-average profit without risk, and in the case of such investments, it should be identified, especially as frequent we invest amounts that are insignificant from our point of view

- warns the editor-in-chief of the industry website Strefa Inwestorów.

Stocks and derivatives

The stock market is usually mentioned as one of the more risky ones, and if you intend to invest there, you should learn about all the risks involved and gain the necessary knowledge. Even experienced traders or investors can lose a fortune on the stock markets for reasons that are sometimes independent of each other, such as macroeconomic turmoil or unexpected events such as a pandemic.

Prof. Krzysztof Jajuga, economist and one of the most recognized authorities on the Polish financial market, author of over 18 books on this subject, in his educational publication for the Polish Financial Supervision Authority, indicates that shares and derivatives (futures and options) are investment instruments with higher risk than e.g. bonds.

It is worth emphasizing that the current regulations require that, before opening an account with a brokerage house, we must complete a special test determining our competencies and knowledge regarding investing in various instruments. If we think about investing in the stock market, it is worth completing such a test and checking whether we have at least the basic knowledge necessary to be active on the stock market.

The mentioned publication by prof. Jajugi can be a good introduction to understanding "what investing is all about" in the stock market and what the risks are.

Leveraged instruments, i.e. on credit

As Tomasz Jaroszek points out, during a hot boom, driven, among others, by fear of inflation, our own greed can be a danger.

- In order to take advantage of the boom to the maximum and accelerate earning, we reach for instruments with a lever, i.e. we artificially increase our exposure to the market. The instrument is of secondary importance, the investment leverage mechanism, which we do not know how to use, maybe more dangerous. For example, when investing 10 thousand. PLN with leverage of x5, I have an exposure five times greater than my capital - explains the investor.

It works in such a way that when investing with a lever, the so-called lever, we put in, for example, 10 thousand. PLN, but we buy instruments worth five times more. This purchase is credited by the broker with whom we make the transaction. If the investment is not successful, the loss is calculated from the levied amount.

Leverage is always a double-edged sword, and many market beginners are not ready for the sharp corrections that can always happen in the market. Following my example, 10 thousand. PLN, only 10 percent. adjustments with such leverage are worth 5 thousand. PLN, or literally half of the invested capital. For a novice investor, starting from leveraged instruments, even during a strong bull market, can be very risky

- warns Tomasz Jaroszek, author of the book "In the footsteps of Warren Buffett".

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Jack Dorsey vs Elon Musk Face-Off at B Word Event

The highly anticipated B-Word Conference is all set to start today at 9 am PDT. The B word conference is Bitcoin centered where some of the most notable names in the crypto field would discuss possible ways in which institutions can incorporate Bitcoin in their system. The conference would offer a live experience and a library of content to the investor community.

The B word conference has been divided into various parts where speakers would debate and discuss various aspects of Bitcoin, its pros and cons and also debunk some of the most widespread misconceptions about the BTC.

The key speakers in the event would include the likes of Tesla CEO Elon Musk, Twitter CEO Jack Dorsey, SEC commissioner Hester Peirce, and Ark Invests CEO Cathie wood along with few other notable names from crypto.

Jack Dorsey vs Elon Musk Face-Off at B Word Event The most awaited part of the B-Word conference was between Jack Dorsey, a big-time Bitcoin proponent, and Elon Musk, the Tesla CEO who turned from a Bitcoin hero to a villain in a single quarter. The contrasting views of two of the most influential people on Bitcoin would be something everyone is looking forward to.

Dorsey had challenged Musk to discuss Bitcoin at the B-Word conference life which he accepted. People believe the discussion between the two would be quite epic given both stand pole apart on their views about BTC. On one hand, Dorsey-led Square Inc is planning to build a whole ecosystem around BTC Tesla had discontinued its Bitcoin payment service just weeks after announcing it.

Musk reignited the energy FUD claiming a majority of mining energy is not clean. While Dorsey maintains a bitcoiner point of view who believes Proof of work is the key to Bitcoin’s decentralization.


Cardano Rumor Rundown July 21, 2021

Hey Everyone!

Let's go...

Newly covered today:

  1. Notable news for upcoming Cardano DeFi projects. The New Jersey AG’s office has delivered a cease and desist letter to BlockFi. The AG’s press release cited BlockFi’s interest bearing deposit accounts as unregistered securities and also mentioned the lack of FDIC or SPIC insurance for it’s depositors. This leaves some lingering questions for Cardano DeFi projects that might be planning to accept deposits or other transfers of value and offer a return of some type. You could argue that these projects are decentralized where BlockFi was not. But, the AG’s press release seems to cite decentralization as one of the risks of DeFi projects. Also, as a practical matter, there is a question whether decentralization will be a good shield from regulators since many of these projects have companies and real humans with faces and names behind them unlike a truly anonymous founder such as Satoshi Nakamoto. https://www.njoag.gov/new-jersey-bureau-of-securities-orders-cryptocurrency-company-blockfi-to-stop-offering-interest-bearing-accounts/ https://twitter.com/BlockFiZac/status/1417316834244796416
  2. The EU is planning to introduce legistlation to regulate anonymous crypto wallets. This is a big deal. But, Cardano is probably more prepared than any with its identity solutions that could be used for KYC/AML. https://twitter.com/Wiiinnie/status/1417575921565978628

Previously Covered but still interesting:

  1. Charles is helping to bring the cryptographer who broke SHA-1 to the University of Wyoming. The Cardano funded blockchain lab there could be on the road to be a powerhouse. https://twitter.com/CaitlinLong_/status/1398290866419105802 https://en.wikipedia.org/wiki/Yiqun_Lisa_Yin
  2. We don’t often get to hear from the engineers behind Yoroi over at Emurgo. But, here’s a podcast with Vicente Almonacid from Emurgo. Check out 12:50 where he mentions the dApp Connector (Cardano’s Metamask Equivalent). https://twitter.com/vacuumlabs/status/1397847633696280576
  3. Check out this great article from Cardanians.io on the work being done at the University of Wyoming on a physical chip for transfer of private keys in day-to-day cashlike transactions. https://cardanians.io/en/cardano-can-give-crypto-a-cash-like-experience-58
  4. Professor Aggelos Kiayias recently dropped a video explaining exactly how Mithril (apparently neckbeard dungeon master talk for elf armor) is going to allow for Perfect Cardano (ADA) wallets that combine the ease of use and convenience of light wallets with the trustlessness of full node wallets. We also learned exactly how Mithril is going to work. https://youtu.be/LhepJFCyWRk
  5. In proof-of-work, bootstrapping can be done with blockheaders. This won’t do in proof-of-stake since we need information about stakeholder distribution to confirm block validity.
  6. Mithril fixes this by being a cryptographic construction that enables a population of stakeholders to issue a signature consistent with certain constraints.
  7. For Mithril to work in proof-of-stake, it needs three crucial properties: 1) it needs to enforce a threshold ratio of stakeholders before the signature is issued; 2) the pre-signature fragments must be independently verified and subject to public aggregation; and 3) it must be efficient in the sense that the final signature is of constant size and is logarithmically dependent on the # of stakeholders.
  8. Stakeholders will issue special Mithril keys along with the normal cryptographic key material. Then at regular intervals, full nodes will test whether they can produce a pre-signature fragment. Only a random subset of stakeholders will be eligible to produce a pre-signature fragment. When a sufficient # of pre-signature fragments have been issued by eligible stakeholders then it will be possible to aggregate the fragments into a final signature.
  9. This will be a checkpoint that will be verifiable with respect to previous check points all the way back to the genesis block. Such checkpoints will be cryptographic commitments of the relevant UTXOs.
  10. Since the checkpoints will be trustless, a light client (i.e. wallet) will only need to verify the sequence of checkpoints up to the current time to trustlessly bootstrap.
  11. The ecosystem is growing so fast, it’s hard to keep up with all the projects without these infographics at this point. https://twitter.com/Dr_shwetaPHD/status/1398783893638103040
  12. Epoch 268 is a wrap as of with 22.83 billion ADA staked. https://adapools.org/epochs
  13. Check out the telegram AMA tomorrow with the CEO of World Mobile! https://twitter.com/ZwijBerg/status/1399377659105320962
  14. A very interesting stat on Cardano user growth. https://twitter.com/cex_io/status/1398959088684445699
  15. More and more people in the youtube sphere are jumping on the Cardano train. https://twitter.com/techleadhd/status/1399398373384351744
  16. Reuters reports on an EU digital identity wallet project. https://www.reuters.com/business/finance/eu-step-up-digital-push-with-digital-identity-wallet-2021-06-01/?taid=60b6e171efd84f0001b64ae1&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter
  17. The U.S. Currently has Issued Sanctions on Ethiopia, but they are not all-encompassing economic sanctions as with rogue nations, they have just barred entry into the U.S. for certain government personnel. https://www.nytimes.com/2021/05/24/world/africa/ethiopia-us-sanctions-tigray.html
  18. Vitalik is saying it’s highly unlikely we see ETH 2.0 before late 2022. I’m guessing that means mid 2023 which will be after two years of Cardano slaughtering the entire ETH user base. Things are looking so bad that Vitalik says he doesn’t even like using the ETH 2.0 label anymore since he knows the changes will be more incremental. This is what early capitulation sounds like guys. https://cointelegraph.com/news/even-vitalik-buterin-is-surprised-at-just-how-long-eth2-is-taking
  19. Cardano-Nervos cross-chain bridge to be built. This would be at least the second cross-chain bridge after the Cardano-AGI bridge. https://www.coindesk.com/cardano-nervos-force-bridge-network-first
  20. And….still! Kings of the github! https://twitter.com/CryptoDiffer/status/1400744567956180993
  21. Binance has 63 stakepools charging 6%. Please stop paying so much for the right to stake your ADA. You don’t have to pay that much. You have a huge number of better options. You are literally giving away your ADA rewards to a large corporation. It’s easy: just download the Yoroi Chrome extension, send your ADA there, and pick from the 2k+ available stakepools right inside Yoroi. https://twitter.com/BraveHeartStak3/status/1401204563189940231 https://adapools.org/groups/binance-20 https://play.google.com/store/apps/details?id=com.emurgo&hl=en_US&gl=US
  22. Charles basically just laid out what 4th Gen Cryptos are going to be all about in his video yesterday. https://www.youtube.com/watch?v=nkr1EKQrVeQ
  23. Here’s a good Emurgo blog article on the use of Emurgo Trace in the Oil and gas industry. https://twitter.com/emurgo_io/status/1402339278097502210
  24. IOHK gives us a closer look at everything being upgraded for Alonzo. https://iohk.io/en/blog/posts/2021/06/08/a-close-look-at-the-software-running-cardano/
  25. We’re currently at 71.52% of ADA staked. This is a pretty incredible ratio and shows the strength of the Cardano community. https://twitter.com/CardanoPoolPeek/status/1402378400803794950
  26. El Salvador passes the statute to make Bitcoin legal tender in the country. https://twitter.com/nayibbukele/status/1402827595339681794
  27. Cardano gets more positive coverage on the Nasdaq website with a second article following the one from April 7 earlier this year. https://www.nasdaq.com/articles/be-part-of-a-historic-crypto-moment-with-cardano-2021-06-08
  28. Prof. Aggelos Kiayias releases an article on a tri-coin system called Stablefees that could fix the problem of appreciating transaction fees in crypto. https://iohk.io/en/blog/posts/2021/06/10/stablefees-and-the-decentralized-reserve-system/
  29. The mid-month Alonzo development update from IOHK is out. Alonzo blue is in full swing and they are working on “hello world round trips” going from the node to the ledger and back. Plutus Partners (third party functional dev firms) are working on different use cases ahead of the Alonzo launch. https://twitter.com/InputOutputHK/status/1403314932968574981
  30. Minswap gives us the dev perspective on why Cardano’s Plutus is such an improvement over Ethereum’s Solidity. https://twitter.com/MinswapDEX/status/1403411522110427137
  31. Here’s a great ETH vs. Cardano DeFi project comparison infographic. https://twitter.com/Coin98Analytics/status/1403397242707320835
  32. The Marlowe Webinar with Shruti is now available on youtube. Very interesting discussion of DeFi in general and also specific topics like “deep interoperability” in DeFi. Cardano is obviously already doing the very involved thinking about the future of DeFi. https://youtu.be/vzsUSG5CSj0
  33. John O’Connor recently tweeted about a day where he “wrote a letter to a president” and “found a million users to bring into Cardano”. Sounds like the Cardano train is rolling along as smoothly as ever in Africa. https://twitter.com/jjtoconnor/status/1402565547716399104
  34. Zach Guzman and Mike Novogratz get an opportunity to prove once again how extremely threatened they are by the fact that they can’t frontrun Cardano at this point. https://twitter.com/IOHK_Charles/status/1404100510525841408
  35. John O’Connor appeared on the Disrupt Network Podcast. bit.ly/3znqyB7
  36. President of Tanzania calls on the central bank to prepare for the adoption of cryptocurrencies and blockchain technology. I wonder what crypto ecosystem already has experience working with an African government on a big crypto project and has partnered with a mobile company that is already bringing connectivity to rural Tanzania? https://twitter.com/DocumentingBTC/status/1404126444863766533
  37. Hedgefund Billionaire Paul Tudor Jones tells the world to buy crypto and certain other assets if the Fed doesn’t address inflation in their policy meeting that concludes on Wednesday. JP Morgan’s Jamie Dimon concurs that the current inflation is very likely not transitory. This could be tremendously good timing for Cardano given our top five status and the impending mainnet launch of smart contracts. https://www.cnbc.com/2021/06/14/paul-tudor-jones-says-bet-heavily-on-every-inflation-trade-if-fed-keeps-ignoring-higher-prices.html https://www.cnbc.com/2021/06/14/jamie-dimon-jpmorgan-is-hoarding-cash-because-very-good-chance-inflation-here-to-stay.html
  38. With exploits like this one being all too common in the legacy smart contract networks, we’re not even going to have sell the Cardano use case for DeFi. The competitor networks have already made the case that something better must be on the way. https://twitter.com/zapper_fi/status/1404429179794362369
  39. World Mobile CEO tweets out a tantalizing response to the Tanzanian President’s call for her nation’s central bank to prepare for crypto. https://twitter.com/MrTelecoms/status/1404375153191141377
  40. If you are new to Cardano and you would like to get a handle on the terminology involved in the ecosystem, you may want to check out these Cardano flashcards produced by Coconut Pool. https://twitter.com/coconut_pool/status/1403442954434269185
  41. While renewable energy is certainly a wonderful thing, there may be a problem with your technology when your path to compete on clean energy consumption involves you talking about harnessing the power of a whole series of volcanoes. Maybe just use fewer volcano’s and more proof-of-stake? https://twitter.com/_eLaPs_/status/1404125569093029889 https://twitter.com/gladstein/status/1402718041557725184
  42. The Charles/Lex Fridman podcast has dropped. This is a big deal. This is a fairly mainstream podcast with over 1 million subscribers. https://youtu.be/FKh8hjJNhWc
  43. Politicians in the legislative branches of Panama and Paraguay have now announced intentions to introduce crypto-related bills into their respective legislative assemblies. https://twitter.com/gabrielsilva8_7/status/1401965129051389958
  44. New algorithmic stablecoin paper coming in the next few weeks from IOHK. https://twitter.com/IOHK_Charles/status/1405737563030183936
  45. The bank of England is getting very serious about how it “may wish to limit migration” of money from the legacy system to stablecoins. Wow. Just another example of why it’s such an asset (no pun intended) that Cardano is prepared for regulation. https://twitter.com/CaitlinLong_/status/1405712468823842816
  46. Check out the newly “pimped up” Cardano documentation. https://twitter.com/theSavaSavic/status/1405526615585480730 https://docs.cardano.org/
  47. The Cardano Development Update for this week is out. https://roadmap.cardano.org/en/status-updates/update/2021-06-18/
  48. Runtime Verification (architects of K Framework which powers Cardano’s IELE & KEVM) just raised $5.3MM in a round that included Cardano’s C Fund. https://runtimeverification.com/blog/runtime-verification-raises-5-3-million-to-advance-blockchain-security https://twitter.com/RosuGrigore/status/1405917218035097600
  49. It’s a good sign that the top two crypto communities are spending so much time talking negatively about Cardano. You only focus your hatred on that which is most threatening. I’m glad to see we’re the biggest threat on their radar. https://twitter.com/nic__carter/status/1405194146063736840
  50. Bloomberg just published a piece called “America Should Become a Nation of Renters”. While this statement is probably extremely polarizing for Americans, it can also be argued that the death of homes as the primary investment vehicle of Americans may open up a new wave of adoption in crypto as an alternative. https://twitter.com/bopinion/status/1405609396302979074
  51. We are crushing all the competitors in terms of assets staked! https://twitter.com/CryptoDiffer/status/1405854686209622018
  52. All 345,501 of the people who have watched the Lex Fridman/Charles episode as of writing are realizing that Cardano could be the first project to put voting on the blockchain in a U.S. state. https://www.atalaprism.io/app
  53. Days like today in Cardano and the greater crypto space always reminds me that there have been other great adoption stories that went through periods like this.https://twitter.com/elonmusk/status/1407077949774442499
  54. It looks like the second biggest ETH stakepool or it's custody provider has lost it’s users private keys to $75MM in ETH. Cardano doesn’t have this problem. We get to keep custody of our crypto because we found a better way than slashing. https://stakehound.com/blog-post/fireblocks-eth-2-key-management-incident/ https://twitter.com/JamesSpediacci/status/1407465311180255236
  55. Draft table of contents for Mastering Cardano has been revealed. https://twitter.com/IOHK_Charles/status/1407165366355124225
  56. COTI (a project with very close ties to Cardano) is coming to Ledger. https://medium.com/cotinetwork/coti-native-is-coming-to-ledger-c56b04df1253
  57. The June Cardano 360 is currently available on Youtube. https://youtu.be/al5m14299ww
  58. We saw segments on various newer partner entities like Nervos, Orion Protocol, and Revuto. Nervos is a UTXO proof-of-work blockchain which is building a cross-chain bridge with Cardano so that you can use your ADA on Nervos dApps and vice versa. Interoperability is a big theme for Nervos and they plan to have a working testnet within a month. Orion Protocol is building a terminal that will allow for decentralized non-custodial trading across centralized and decentralized exchanges. They say this would not require you to KYC or even have an account with any of these exchanges. Revuto is an online subscription management service that recently completed a $10MM token sale on Cardano.
  59. It was also revealed that Wolfram Labs, COTI, and IOHK have a three-way partnership (a ménage à tech) to build an NFT auction site. The people from Wolfram were talking about very interesting things including live minting during streaming events and automated upload to IPFS. COTI will be building out auction and bidding mechanisms in ADAPay.
  60. Professor Aggelos Kiayias gave us an update on research including that Ouroboros Chronos and Hydra papers have both been accepted into conferences/journals. Chronos will provide Cardano with a global concept of time that doesn’t rely on any outside timekeeper. Prof. Kiayias also pointed out that Hydra is distinguishable from other layer two protocols in that the scripting language is identical to that of the base layer in Cardano such that any dApp that can run on Cardano will run on the Hydra L2. This is a huge plus and superior to many other layer two solutions in other ecosystems where the base layer dApps will not run on layer two. Finally, the Mithril paper has been submitted for peer review. It will provide Cardano light wallets with Succinct Non-interactive Arguments of Knowledge that will give us the best of both worlds: no delays for syncing as in full node wallets while still preserving trustlessness.
  61. Finally, the Goguen Summit will be in late September. Sign up now at summit.cardano.org.
  62. The Fed is once again STRONGLY signalling to us that they are going to regulate stablecoins. The Fed is also specifically calling out Tether for the first time. You need to be thinking about how stablecoin regulation might affect your favorite Cardano DeFi or other project. https://twitter.com/CaitlinLong_/status/1408500265397985282 https://twitter.com/CaitlinLong_/status/1408572624125534212
  63. People are starting to realize that the Stakehound private key loss in ETH may attract unwanted regulatory attention to Ethereum 2.0 while this problem could never have occurred in Cardano. Also, only a few days later another ETH stakepool (this time SharedStake...the sixth biggest ETH Stakepool) allegedly experiences a rugpull that some are valuing at over $30MM. This is another problem that could not happen in Cardano staking. It feels like we stepped into the ring, they rang the bell, and ETH just started punching itself in the head. Eventually it’s going to KO itself. https://twitter.com/Madror7/status/1408505144984051716 https://twitter.com/JamesSpediacci/status/1407761823143645189 https://twitter.com/MeiTrades/status/1408117430656905219 https://sharedstake.medium.com/the-sharedstake-story-by-kairos-44d37aa7837a
  64. Here’s another great Cardano data site. This one is from the Cardano Fans stakepool. https://datastudio.google.com/u/0/reporting/3136c55b-635e-4f46-8e4b-b8ab54f2d460/page/r2LQC
  65. John O’Connor of IOHK points out that France still controls the monetary policy of 14 countries in Africa. There is definitely a built in market on the continent for a project that delivers monetary sovereignty to the people. https://twitter.com/jjtoconnor/status/1408978882129272832
  66. Here’s a great new interview with the CEO of World Mobile from Cardano Chats. https://youtu.be/w0Z2RP6a9HE
  67. New article from the Cardano Foundation on Governance. https://forum.cardano.org/t/blockchain-governance-what-it-is-and-why-it-matters/65493
  68. Sebastien explains some Alonzo HFC event changes. https://twitter.com/SebastienGllmt/status/1409485560012414978
  69. IOG Research update from Prof. Aggelos Kiayias. Really interesting bit right at the beginning on the history of cryptography as a field of study. https://www.youtube.com/watch?v=7UAL_6f7PFw
  70. Sebastien of dcSpark submits a Cardano Improvement Proposal to allow wallets to implement collateral. https://twitter.com/SebastienGllmt/status/1409910858117877763
  71. New Plutus Pioneers Class starting July 1!
  72. Charles says it looks like we will hit Alonzo white on Monday. https://twitter.com/IOHK_Charles/status/1410279529021648896
  73. Coti update from Shahaf Bar-Geffen. https://twitter.com/COTInetwork/status/1410644013863124992
  74. The Mithril paper (allows for trustless light wallets) is now available for your reading pleasure. https://iohk.io/en/research/library/papers/mithrilstake-based-threshold-multisignatures/
  75. The Ouroboros Chronos paper (allows for the blockchain to be its own timekeeper) is also now available. https://iohk.io/en/research/library/papers/ouroboros-chronospermissionless-clock-synchronization-via-proof-of-stake/
  76. Cardano is now a small part of Grayscale’s Digital Large Cap Fund. They actually sold off current holdings in other coins to buy ADA. This is big for institutional adoption! https://twitter.com/Grayscale/status/1410945118228692994
  77. Catalyst Fund 4 results are here. https://adapulse.io/fund-4-results-are-here/
  78. Lars has posted the first class for the second Plutus Pioneers cohort . https://twitter.com/LarsBrunjes/status/1410677447805308935
  79. Robert Kornacki of dcSpark releases an article on why every Cardano dApp will use NFTs. The article contains some very interesting discussion on smart contracts in the EUTXO context including language instructing that “UTXOs have smart contracts attached to them and not the other way around” and “[...]the simplest way to think about it is that when a UTXO is created it has the option to have a smart contract attached to it.” https://medium.com/dcspark/every-eutxo-dapp-will-use-nfts-and-heres-why-fd87e6a8c9a6
  80. A very interesting medium article on the concurrency problem in eUTxO blockchains such as Cardano. (Article by Occam Fi....thanks to Muggy Pool for sending it my way). https://medium.com/occam-finance/the-occam-fi-technical-series-on-concurrency-cd5bee0b850c
  81. The concurrency issue in plutus smart contracts has also been recently commented on by Lars and Sebastien. https://twitter.com/LarsBrunjes/status/1390331642103877633 https://twitter.com/LarsBrunjes/status/1403761666383306757 https://twitter.com/SebastienGllmt/status/1410983827481108480
  82. The Cardano Foundation has released a video on its short and long-term strategies to get to one billion users by 2026. https://twitter.com/CardanoStiftung/status/1412137365318127626
  83. Ben O’Hanlon sets the record straight on developer interest in Cardano. https://twitter.com/benohanlon/status/1412136150404370432
  84. As always, Cardano is straight killing the competition in terms of assets staked. https://twitter.com/StakingRewards/status/1412389781003194395
  85. Once again, we are also the Github activity champions! https://twitter.com/CryptoDiffer/status/1412333951830605824
  86. Between Cohort 1 and Cohort 2 of the Plutus Pioneers program there have been 4,300 potential future Cardano developers involved. https://twitter.com/InputOutputHK/status/1412465643245424649
  87. Here’s an interesting chart purporting to show the dates on which various Cardano DeFi projects might have finished products. https://twitter.com/Cryptokev84/status/1412343821757730820/photo/2
  88. IOG says they have started onboarding new SPOs and developers to Alonzo White this week. https://twitter.com/InputOutputHK/status/1412847798274478084
  89. Charles also confirms that Alonzo White may start Friday but probably Monday due to a natural (and warranted) desire to avoid executing a rollout at the start of a weekend. https://youtu.be/yd1eg4QopV8
  90. Daedalus 4.2.0 now adds Ledger & Trezor Catalyst Registration. https://twitter.com/InputOutputHK/status/1413176419186774018
  91. Yoroi 4.5.7 extension release now adds Ledger Catalyst Registration. https://twitter.com/YoroiWallet/status/1413128256836997120
  92. Here’s the voter registration schedule for Catalyst Fund 5! Get yourself registered now even if you’re in cold storage on a hardware wallet! https://iohk.zendesk.com/hc/en-us/articles/900006490763-Project-Catalyst-FAQ
  93. Cardano Gainz Calculator now has a graph showing 10 year growth. https://twitter.com/lesquive1/status/1413249312465866757
  94. Emurgo has released a guide on how to register for Catalyst voting with your Ledger Hardware Wallet. https://github.com/Emurgo/yoroi-mobile/blob/develop/catalyst5-instruction.md
  95. Great new interview with World Mobile’s Mickey Watkins, Charles, and John O’Connor. https://youtu.be/WSSpI8Rtif0
  96. The IOHK Development Update is out! https://twitter.com/InputOutputHK/status/1413448054892494850
  97. This infographic shows just how big the Cardano DeFi space is getting. https://twitter.com/BPE_Crypto/status/1413973912396963840
  98. This infographic shows just how much DeFi volume is out there for Cardano to steal. https://twitter.com/Coin98Analytics/status/1413514041029394439/photo/1
  99. There is a new stakepool explorer available. https://www.cardanoworld.io/
  100. Very interesting timing with a) Grayscale Buying $50MM ETCG, b) Grayscale adding ADA, and c) Charles joining the ETC Cooperative board given that two of the members of the ETC Cooperative board seem to come from Grayscale and DCG. Maybe the world is starting to understand just what Charles and IOHK have been able to accomplish over the last few years. https://twitter.com/ETCCooperative/status/1410439775950082051 https://twitter.com/ETCCooperative/status/1413328106568421377 https://twitter.com/Grayscale/status/1410945118228692994
  101. There is a new Cardano wallet being introduced by u/berry_ales from the Berry Pool. I have no idea if it will be good or bad at protecting your ADA. Just reporting that it exists. https://twitter.com/berry_ales/status/1414548062207361025
  102. There is currently a lawsuit challenging the notion that staking rewards should be taxed as income. The plaintiff argues that newly created property isn’t taxed as income and that this should also apply to staking rewards. A win here would be very nice for Cardano delegators. https://cointelegraph.com/news/crypto-staking-rewards-and-their-unfair-taxation-in-the-us
  103. The Cardano Foundation’s Cardano Developer Portal is now up and running. https://twitter.com/CardanoStiftung/status/1414640913612255234
  104. Prime Minister Abiy Ahmed’s party has won re-election in a landslide election. https://www.bbc.com/news/world-africa-57791868
  105. Avanti Bank of Wyoming files comments with the Federal Reserve on their new guidelines that could massively impact how the traditional banking system interacts with cryptocurrencies like Cardano. Given what role ADA is likely to play in the future of crypto financial transactions, this is extremely relevant for ADA holders. https://avantibank.com/press/avanti-submits-comments-to-federal-reserve https://twitter.com/CaitlinLong_/status/1414783323193364482
  106. Cardano is still destroying everyone in terms of value staked! https://twitter.com/StakingRewards/status/1414895205384327168
  107. The Cardano ecosystem maps keep getting bigger and more complicated. https://poolg.de/Eco/CardanoEcosystemMap.html
  108. In news that could have significant repercussions for many stablecoin reliant Cardano DeFi projects, Fed Chair Jerome Powell gave some hard signals that they will regulate stablecoins in House Committee testimony. He revealed that the Fed will issue its long-awated paper on stablecoins, CBDCs, and other digital assets in September. Powell also went as far as to say "You wouldn't need stable coins you wouldn't need cryptocurrencies if you had a digital US currency, I think that's one of the stronger arguments in its favor." https://twitter.com/Nate_DiCamillo/status/1415349008034418691
  109. We experienced a successful fork to the Alonzo White testnet! https://twitter.com/InputOutputHK/status/1415399456841863177
  110. Very serious accusations are laid out against the Meld project. https://twitter.com/Bobme808/status/1415283648438358016
  111. The European Central Bank drops news of “a project to prepare for possibly issuing a digital euro.” A digital Euro is coming and regulation of private fiat-pegged stablecoins is coming with it. https://twitter.com/ecb/status/1415273625385644036
  112. IOHK releases a paper on a crypto-backed algorithmic stablecoin. https://twitter.com/IOHK_Charles/status/1415531260470972423
  113. A crypto media personality recently uncovered links between the Priviledge EU Project, Horizon Europe Grant Agreement 780477, and Cardano. https://twitter.com/BreakingADA/status/1415653936703295488
  114. Always the GitHub activity champs! https://twitter.com/ProofofGitHub/status/1416065097794002946
  115. We are now seeing the advent of a so-called “Fair Initial Stakepool Offering”. https://twitter.com/MinswapDEX/status/1416110973690122240
  116. The weekly development update is out. https://roadmap.cardano.org/en/status-updates/update/2021-07-16/
  117. Janet Yellen, Secretary of the Treasury, is calling a meeting of the President’s Working Group on Financial Markets to discuss stablecoins on Monday. Prepare for regulation. https://home.treasury.gov/news/press-releases/jy0276
  118. Coindesk really hates us. Now they are writing articles about Cardano and using words like “crypto-colonialism”. https://www.coindesk.com/the-headache-of-crypto-colonialism
  119. Liqwid says it is on target to be live on day 1 after the Alonzo hardfork combinator event. https://twitter.com/liqwidfinance/status/1416363542975074305
  120. According to maximalists you’re apparently not allowed to be busy with your company authoring papers if you’re in Cardano. https://twitter.com/woonomic/status/1415761569082789890
  121. There is actually a chart showing where all the Meld ISPO delegators came from now. https://twitter.com/stakenoble/status/1416189846054387712
  122. The IOHK mid-month development update for JUly is out and available for viewing. https://youtu.be/U9K-8jILGcg
  123. Apparently “unsigned Phalices” are a thing in the Cardano ecosystem now. https://twitter.com/unsigned_algo/status/1416909454100992000
  124. The El Faro article reporting meetings between Cardano, Whizgrid of Cyprus, and the brothers of President Bukele of El Salvador definitely contain some extremely interesting details related to a possible Salvadorean national stablecoin by the end of the year and a possible digitization and blockchain storage of a wide range of government related documents next year. This could be huge!!!!!! https://elfaro.net/en/202107/el_salvador/25611/Bukele-Plans-to-Launch-a-National-Cryptocurrency-This-Year.htm
  125. Treasury Secretary Janet Yellen told regulators in the Presidents Working Group on Financial Markets that they must move quickly to regulate stablecoins. So, a Salvadorean market for stablecoins might be good for Cardano. https://www.reuters.com/technology/yellen-says-us-must-move-quickly-establish-stablecoin-rule-framework-2021-07-19/
  126. Sebastien of dcSpark was recently on Cardano Live to discuss Alonzo. https://youtu.be/lejoT_odbOY

~Army of Spies


5 Things

More Covid warnings, busy day for earnings, and Bitcoin rallies.

Case load The pandemic continues to run rife in Asia with South Korea and Thailand reporting record infections, a Chinese city imposing mandatory testing and Tokyo set to see a surge in cases just as the Olympics gets underway. There was a reminder of the grim toll the virus has taken in the U.S. as estimates released by the Centers for Disease Control and Prevention showed life expectancy fell by the most in more than 70 years in 2020. There are also increasing concerns that American capacity to identify and track new strains of the virus will not be able to keep pace with new Covid mutations.

Earnings This morning’s results from Daimler AG showed that carmakers remain under production pressure due to the shortage of semiconductors. Sales growth at its Mercedes-Benz division is now expected to be flat this year with the company unable to say how the supply of chips would develop. The outlook for chip supply will be among issues closely followed when Texas Instruments Inc. reports after the bell today. Speaking of earnings, JPMorgan Chase & Co. CEO Jamie Dimon was granted a special 1.5 million stock appreciation rights as an incentive to lead the U.S. lender for another “significant number of years.”

Sponsored Content Implications from PIMCO’s July Cyclical Outlook

PIMCO’s Group CIO Dan Ivascyn discusses three main risks to inflation, expectations for rates and where we see some of the best opportunities today. Watch now.

PIMCO

B-day Bitcoin is firmly back over the $30,000 level that some cryptocurrency traders view as a key support this morning. The wider Bloomberg Galaxy Crypto Index was 3.5% higher as Ether and Dogecoin also advanced. Today sees Tesla boss Elon Musk, investor Cathie Wood and Twitter’s Jack Dorsey discussing Bitcoin at an event called “The B Word” as they try to encourage more institutions to adopt the cryptocurrency.

Markets mixed Global equities are generally moving higher today as a steady stream of corporate earnings dominate the agenda. Overnight the MSCI Asia Pacific Index added 0.2% while Japan’s Topix index closed 0.8% higher. In Europe the Stoxx 600 Index had gained 1.3% by 5:50 a.m. Eastern Time with ever industry sector in the green. S&P 500 futures pointed to a small pop at the open, the 10-year Treasury yield was at 1.25%, oil rose to $68 a barrel and gold was lower.

Coming up... The oil market will be watching this morning’s inventory data at 10:30 a.m. for the first weekly increase in stockpiles since May. The U.S. will sell $24 billion of 20-year bonds at 1:00 p.m. It is a huge day for earnings with Johnson & Johnson, Coca-Cola Co., Verizon Communications Inc., Kinder Morgan Inc., Baker Hughes Co. and Harley-Davidson Inc. among the many, many companies reporting.

What we've been reading Here's what caught our eye over the last 24 hours.

One simple (political) reason to explain bond yields. China’s “iPhone city” relocates 100,000 people after deadly floods. Massive wildfires in U.S. West bring haze to East Coast. Credit Suisse exodus in full swing as more senior bankers leave. London staff want pay rises to return to office, survey says. The seven habits of highly effective investors. New black hole image shows plasma jets blasting into space. And finally, here’s what Justina’s interested in this morning The reflation trade has lost some steam in recent months as we entered “peak growth.” Sure, the S&P 500 is now only 1.4% from its all-time high, but the stock un-rotation started a while before that. The quality and low-volatility factors are both set for their worst month since the Covid selloff in March 2020, according to Dow Jones market-neutral indexes. Value’s near the lowest since March.

One aspect of quality is low leverage. There the reversal has also been dramatic. A Bloomberg index that goes long high-leverage stocks and short the opposite has been falling since the June peak, even before credit spreads started widening.

This all brings up the question of the macro link. In recent years, it’s been pretty intuitive: When bond yields and economic expectations rise, value and size do better while quality and low vol fare worse. On Tuesday, this was exactly what happened when yields started bouncing back in U.S. hours.

The reliability of this is actually somewhat controversial in the quant world. AQR put out some research in 2020 arguing the long-term link is weak. Its co-founder and chief value defender Cliff Asness said last week the correlation over the past decade is stronger, but still not a reason to worry about value returns going forward.

That might be true. But for now, the shorthand seems to stick. Look at bonds, and you’ll know what stock factors are doing.

Follow Bloomberg's Justina Lee on Twitter at @justinaknope

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(discussion) B-word event featuring SEC commissioner Peirce

Fellow XRP community that are following the SEC lawsuit for any specific reason.

Today the highly anticipated B-word event will be hosted, make sure you register yourself.

Why do I post this in the XRP community?

With the recent development of the (in favor of Ripple) letter of the SEC commissioner Peirce, she has been listed as a featured speaker! Imo she will be speaking on the 'regulating Bitcoin' section.

Will there be another juicy speech or will we finally get a blow that the SEC gets their shit together?

- In a simulation we live


Elon Musk, Jack Dorsey, Cathie Wood will discuss #Bitcoin on stage today at the ' ₿ Word' event. Track 2 Bitcoin As A Tool For Economic Empowerment

https://www.thebword.org/c/track-2-Bitcoin-As-A-Tool-For-Economic-Empowerment

Bitcoin fordert 30.000 US-Dollar vor dem B-Wort-Event mit Elon Musk (Market Watch) zurück

Bitcoin fordert 30.000 US-Dollar vor dem B-Wort-Event mit Elon Musk (Market Watch) zurück -
Nur wenige Stunden vor der mit Spannung erwarteten Veranstaltung, bei der Jack Dorsey und Elon Musk über Bitcoin diskutieren werden, ist der Preis des Vermögenswerts abgeprallt und hat 30.000 US-Dollar zurückgefordert. Die meisten alternativen Münzen haben nach dem gestrigen Absturz ebenfalls positiv reagiert, wobei ETH sich 1.900 USD nähert und Dogecoin um 7% gestiegen ist. BTC erobert $30K . zurück Gestern war der Höhepunkt mehr... ... weiterlesen auf https://news-krypto.de/krypto-news/bitcoin-fordert-30-000-us-dollar-vor-dem-b-wort-event-mit-elon-musk-market-watch-zurueck/?feed_id=7004&_unique_id=60f7ed9858443


Cryptocurrency made it’s way towards Music Industry

We all have witnessed the rise and spread of cryptocurrency with first Paypal accepting it as a mode of transaction, followed by the government of several countries including India accepting cryptocurrency transactions, and then on top of that EL Salvador becoming the first nation to allow Bitcoin as a legal tender of transaction. This all had happened in such a short span of time that people are wondering what’s next?

The next big news coming from the cryptocurrency world is that it has now reached the music industry with several artists, musicians, composers taking interest in it. Recently, an Indian rapper, music composer, and music producer Raftaar made to the headlines when he confirmed that for his upcoming show, he will be accepting his performance fee in cryptocurrency instead of actual currency.

However, due to the pandemic, the show will be a virtual one. The event is scheduled for the second week of July 2021 which is going to be a 60-minute show for a boutique. The performance will be hosted in Canada, Ottawa for a private gathering of 100 people.

Raftaar’s long-time business partner Ankit Khanna made this deal possible and encouraged Raftaar to deal in cryptocurrency as it is going to be the near future. However, the cryptocurrency that is going to be used for the payment is not yet revealed

Ankit Khanna in a recent interview states, “In my opinion, music will be one of the first industries to be completely and thoroughly disrupted through the blockchain. The artist can now go directly to the public in every single way without the need for middlemen. Blockchain has the potential to expedite a seamless experience for anyone involved with generating or interacting with music. I’m happy to welcome this new transactional paradigm with my long associate Raftaar who truly is a pioneering voice of this new generation.”

Raftaar further expands, “I’ve always been an ardent admirer of blockchain technology and I’ve always wondered why artists and managers alike haven’t explored the potentiality of this disruptive medium. Nevertheless, I’ve finally taken the baby steps in this direction.”

While most of the Indian artists are keeping their distance in dealing with cryptocurrency, Raftaar’s baby steps might bring some positive change in the mindset of such artists and revolutionize the payment system used by Indian artists. However, cryptocurrency and blockchain technology has been widely accepted by several global artists like 50 Cent, Mariah Carey, G-Eazy, Sia, and Fall Out Boy, the Backstreet Boys, and Lana Del Rey.

And the most interesting part is that the coins used for the transaction is not only limited to Bitcoin and Ethereum. Several other altcoins are in the race too. Monero, an altcoin, announces that 45 musicians and five online stores will be accepting their coin this holiday season and are offering discounts to those paying in the cryptocurrency.

The list of 45 musicians includes a wide range of artists, from Weezer to G-Eazy, from Slayer to the B-52s, from Dolly Parton to Morrissey.

Other big-name artists include Backstreet Boys, Kaskade, Lana Del Rey, Lumineers, Marilyn Manson, Motley Crue, and Sia.

Monero is currently the twenty-sixth largest cryptocurrency, with a market capitalization of $1.3 billion and a current price of $212.

“As cryptocurrencies become more popular, my fans must have choices when it comes to how they buy my songs and merchandise,” said rap star G-Eazy in a statement. “As Monero is one of the safest, most secure, and most private cryptocurrencies, it’s one of the best transactional options for my fans this holiday season."

This isn't the first time musicians have made waves by working with cryptocurrency. Earlier this year, Bjork, an Icelandic singer and songwriter announced each purchaser of her next album would receive 100 Audio Coins. GhostfaceKillah, an American rapper also backed an initial coin offering called Cream Capital.

With so many global musicians accepting and promoting cryptocurrency, it seems like cryptocurrency is here for long run and will be more commonly used in the near future.

Still wondering where to start your crypto journey ? Allow us to introduce you to a new token called VYNC that is proactively getting great response globally, it is gaining a lot of demand on crypto market as the coin comes along with its own platform. Check out the website to know more


Bitcoin fordert 30.000 US-Dollar vor dem B-Wort-Event mit Elon Musk (Market Watch) zurück

Bitcoin fordert 30.000 US-Dollar vor dem B-Wort-Event mit Elon Musk (Market Watch) zurück -
Nur wenige Stunden vor der mit Spannung erwarteten Veranstaltung, bei der Jack Dorsey und Elon Musk über Bitcoin diskutieren werden, ist der Preis des Vermögenswerts abgeprallt und hat 30.000 US-Dollar zurückgefordert. Die meisten alternativen Münzen haben nach dem gestrigen Absturz ebenfalls positiv reagiert, wobei ETH sich 1.900 USD nähert und Dogecoin um 7% gestiegen ist. BTC erobert $30K . zurück Gestern war der Höhepunkt mehr... ... weiterlesen auf https://news-krypto.de/krypto-news/bitcoin-fordert-30-000-us-dollar-vor-dem-b-wort-event-mit-elon-musk-market-watch-zurueck/?feed_id=7007&_unique_id=60f7edca5627c


Bitcoin fordert 30.000 US-Dollar vor dem ₿ Word-Event mit Elon Musk (Market Watch) zurück

Bitcoin fordert 30.000 US-Dollar vor dem ₿ Word-Event mit Elon Musk (Market Watch) zurück -
Nur wenige Stunden vor der mit Spannung erwarteten Veranstaltung, bei der Jack Dorsey und Elon Musk über Bitcoin diskutieren werden, ist der Preis des Vermögenswerts abgeprallt und hat 30.000 US-Dollar zurückgefordert. Die meisten alternativen Münzen haben nach dem gestrigen Absturz ebenfalls positiv reagiert, wobei ETH sich 1.900 USD nähert und Dogecoin um 7% gestiegen ist. BTC erobert $30K . zurück Gestern war der Höhepunkt mehr... ... weiterlesen auf https://news-krypto.de/krypto-news/bitcoin-fordert-30-000-us-dollar-vor-dem-%e2%82%bf-word-event-mit-elon-musk-market-watch-zurueck/?feed_id=6970&_unique_id=60f7ddef77546


Bitcoin fordert 30.000 US-Dollar vor dem ₿ Word-Event mit Elon Musk (Market Watch) zurück

Bitcoin fordert 30.000 US-Dollar vor dem ₿ Word-Event mit Elon Musk (Market Watch) zurück -
Nur wenige Stunden vor der mit Spannung erwarteten Veranstaltung, bei der Jack Dorsey und Elon Musk über Bitcoin diskutieren werden, ist der Preis des Vermögenswerts abgeprallt und hat 30.000 US-Dollar zurückgefordert. Die meisten alternativen Münzen haben nach dem gestrigen Absturz ebenfalls positiv reagiert, wobei ETH sich 1.900 USD nähert und Dogecoin um 7% gestiegen ist. BTC erobert $30K . zurück Gestern war der Höhepunkt mehr... ... weiterlesen auf https://news-krypto.de/krypto-news/bitcoin-fordert-30-000-us-dollar-vor-dem-%e2%82%bf-word-event-mit-elon-musk-market-watch-zurueck/?feed_id=6973&_unique_id=60f7ddf49a9d8