Friday, July 23, 2021

H. Res. 2: Bitcoin Resolution

IN THE HOUSE OF REPRESENTATIVES June 22, 2021 Mr. Fire (for himself, authored) and Mr. Cody sponsored and submitted the following resolution,
A RESOLUTION To express the interest in backing the cryptocurrency Bitcoin

Whereas, Bitcoin is a decentralized cryptocurrency that exchanges currency for verifying transactions, and

Whereas, Bitcoin is not tied to any currency and can prove reliable in ensuring value is retained in the event of inflation or currency collapse, and

Whereas, cryptocurrencies can be easily exchanged domestically and internationally for currencies, and Bitcoin is being widely accepted at several major companies, and

Whereas, it is in the best interest in the citizens of the United States to have independent currency separate from any government or entity,

Now, therefore, be it established that the House of Representatives — Urges the president and Secretary of the Treasury to recognize Bitcoin as an official currency within the United States

Calls on the President to authorize the purchase of a small reserve of various cryptocurrencies


Chris Dunn's 50 Crypto Trading & Investing Lessons

  1. Everyone's a genius in a bull market. Real traders can survive and even thrive in bear markets or highly volatile markets.
  2. Don't be a blind bull. ALL markets are cyclical. Don't be afraid of pullbacks or market crashes – that's where you can make the most money.
  3. There's a big difference between a trade and an investment.
  4. Fully plan your trade before you pull the trigger on the entry.
  5. Entries are important, but risk & money management is where you make or lose money.
  6. Beware of get-rich-quick gurus hopping on the crypto bandwagon over the past year.
  7. Decide which types of trade setups or investments you'll take and ignore everything else.
  8. Don’t assume just because you’ve made a lot of money in crypto that you can just as easily make money in other financial markets. 95%+ of stock market traders LOSE money. The game is rigged. Stick to what you know works for you.
  9. The best way to day trade cryptocurrencies is – DON'T!
  10. The best way to profit in any market is to find something you think has big potential early (before the general public catches on), and invest assuming you’re going to lose 100% of your capital. It's the “angel investor” approach.
  11. You can't control the market. The only thing you can control is your entries, trade size, and exits.
  12. One market participant can completely destroy “good technical analysis”.
  13. Don't blindly follow trade alerts from ANYONE, especially random people on social media or chat rooms.
  14. All financial networking marketing projects are ponzi schemes, period.
  15. If you make a life-changing amount of money, do NOTHING for at least 30 days.
  16. Trading isn't about picking exact tops and bottoms in a market – it's about catching the meat of a move.
  17. Don't turn a small losing trade into a massive losing investment.
  18. Don't set daily profit target goals – set long-term performance goals.
  19. Learn to survive, then thrive.
  20. The best charting indicators are price action and volume. You can use others, but it won't necessarily make you a more profitable trader.
  21. Trends can go way past what seems rational.
  22. Don't try to pick tops in a market. Wait for the market to tell you when the trend is over.
  23. Don't trade in front of big news events – it's impossible to predict how markets will react.
  24. The biggest challenge for most traders is their ego, or the need to be right.
  25. You can lose 50% of your trades and still be profitable if you manage risk properly.
  26. The best entrepreneurs and CEO's typically make the worst traders and investors.
  27. People with the best mindset for investing typically have a career in high-risk situations like firefighters, pilots, police.
  28. Avoid pump and dump groups like the plague they are.
  29. You WILL make every mistake in the book. Don't beat yourself up when you make mistakes, just learn and try not to make the same mistake twice.
  30. Don't treat crypto exchanges like bank accounts. You don't own the coins unless you control the private keys.
  31. Crypto is a 24/7/365 market. You can't catch every trade. If you miss one, don't worry – there's ALWAYS another trade.
  32. Don't invest in a coin unless you understand it inside out.
  33. You can make money trading the momentum and hype in shitcoins, just don't invest long-term.
  34. Stay away from coins with low trading volume and low market caps. They are easily manipulated and you can get stuck in a position.
  35. Don't trade with money you need for living expenses. It's called “risk capital” for a reason.
  36. Think of yourself as a hunter – save your ammo for the big game.
  37. Crypocurrency exchanges go down when there's high volatility. If price hits a major target or buy zone, it might make sense to place some orders BEFORE everyone else.
  38. Trading and investing brings all your emotions to the forefront – fear, greed, hesitation.
  39. The hardest thing to do in trading is… NOTHING. This can also be the most profitable thing to do.
  40. Just because a market is in a “bubble” doesn't mean it's going to die. Bitcoin has been through over half a dozen big bubbles and increased in price after each one.
  41. Manage your trades in a way that would leave you with no regrets no matter what the market does.
  42. Learn to think like a contrarian. If you're someone who needs to have your opinion validated by everyone around you, then trading and investing isn't for you.
  43. The shorter the chart time frame, the less reliable the chart patterns are. The longer the time frame, the more variables affect price action and the harder it becomes to predict price. My sweet spot in the daily chart for trade setups and 60-minute chart for entries.
  44. Some market conditions are great for pushing the gas on every trade setup you can find, where other market conditions call for you to slam on the brakes and step away from the markets altogether.
  45. 90%+ of cryptocurrencies will eventually go to zero. Invest accordingly.
  46. The mental side of trading is the hardest to master, the most under-appreciated skill, and will cause you to make or lose the biggest amounts of money.
  47. The 3 biggest problems for traders are over-trading, hesitating on entries, and closing positions prior to profit targets when the trade is still intact.
  48. You can make a career's worth of profit in one year or one trade – don't feel like every day has to be a home run. Play the long game. Be patient and wait for the best plays.
  49. Don't trust anyone else to trade for you. Manage your own high-risk investments (like crypto trading) or don't participate at all.
  50. Take the news for what it is – they're trying to get views and clicks. They're NOT looking out for your best interests or trying to help you make money.

Great crypto resources and websites to help you DYOR

Here's a compilation of several different websites I utilize to help DYOR. I figured it would be worthwhile to share them with everyone here to [hopefully] make things just a little bit easier when it comes to researching more about crypto. If there's any other websites that you recommend, let me know and I can include them within the list! I've posted again in case anyone has missed the initial post. I hope it helps!

  • TradingView:

A cloud based charting and social networking platform. You can search out several different crypto traders and see whether people are feeling more bearish or bullish as a result. You can either create your own price targets, or find out others' price targets. https://www.tradingview.com/

  • CoinGecko:

A website and an app that allows you to stay on top of crypto markets. You can use it to view live price changes for thousands of different cryptos, set price alerts, rate and view ratings for a coin, build lists, view trending news, etc. It also has a reward system that hasn't been fully developed yet, but could be utilized in the future for NFT's, their own crypto, etc. https://www.coingecko.com/en

  • CoinMarketCap

Similar to CoinGecko, allows you to stay up to date on crypto markets. Also allows you to see thousands of cryptocurrencies, with the capability to look at brand new crypto's being released, as well as current trending crypto's as well. Has an 'earn' section which allows you to perform quizzes to end with a chance at getting airdropped crypto, as well as a rewards section which allows you to collect diamonds which will be used at a later time as well. https://coinmarketcap.com/

  • CoinMarketCal:

This website shows all upcoming events and future releases regarding a certain Cryptocurrency. Allows you to see what's being released by which cryptocurrency, and gives you an opportunity to buy ahead in anticipation for price increases as a result of upcoming events. https://coinmarketcal.com/en/

  • Blocktivity

It's utilized as a good metric to compare coins based on their adoption. https://blocktivity.info

  • MultiCoinCharts

A website that allows you to view multiple different coins at once. It's a great resource to utilize if you often watch various coins at the same time, or need to often look between different coins at a high frequency. https://www.multicoincharts.com/

  • Glassnode:

Allows you to unchain market indicators for Bitcoin and Ethereum. You’ll be able to see stats like exchange info volume for them. https://glassnode.com/

  • Fear and Greed

Allows you to take a look at the crypto fear and greed index to have an idea how the people are feeling in general about crypto right now, and historical values over the past months as well. Good way to gauge buying and selling opportunities. https://alternative.me/crypto/fear-and-greed-index/

  • CryptoQuant:

Allows you to view the amount of bitcoin being transferred to and from exchange wallets to understand investors' behaviors. Allows you to better understand what people are currently doing within the markets. https://cryptoquant.com/overview/btc-exchange-flows

  • Alt Season Index

This website is used as an indicator to see how the altcoins are performing in comparison to Bitcoin. It has a generalized score rating to determine whether we are in Altcoin season (over 75 being Altcoin season), or Bitcoin season (under 25 being Bitcoin season). We are currently sitting at 35 right now. https://www.blockchaincenter.net/altcoin-season-index/

  • CoinDance:

A site more comprised of data that allows you to see the numbers for things such as hash rates, fees, mining breakdowns, network nodes and more. Further, you can view statistics based on country to determine how adoption is going based on their trends and news. https://coin.dance/

-TheCoinPerspective: (thanks to u/moepstaronx)

Allows you to view certain things such as current market caps, speculative market caps, total supplies and maximum supplies to allow you to see how coins could progress or regress. https://thecoinperspective.com/

Tracks cryptocurrency prices, manage your portfolio, set price alerts, and read latest news with crypto portfolio tracker. Can be utilized as an app through the phone too. https://cryptopro.app/

Provides reliable data and market intelligence with professional grade data, tools, and research.

https://messari.io/


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  • Bitcoin/Bitcoin Cash/Etherium/Litecoin/Dash/XRP/USDT
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The downfall and fall from grace of Alex Saunders (AKA Nuggets News) is the most incredible, horrifying, crushing and disappointing event in all my years in crypto.

Its been a week from hell.

First a disclaimer - this is still an event in motion and so there is a degree of speculation on some aspects. I have spent the last week on numerous telephone calls and have had hours of private messages where I have viewed screenshots and listened to recordings. All of this matches up to the explanation below.

Second disclaimer - I was going to wait a week or so to post this to give some time for events to unfold and maybe let Saunders come out and give a statement. But now I have had two news agencies contact me (one a major television station) and they are prepping stories, so its coming out anyway.

First some background. Alex Saunders is a leading Australian crypto commentator and investor. He runs a paid group with around 5000 members. They all pay USD $200 for membership a MONTH, so he has substantial income. Further he has been in crypto for many many years so you would expect him to be well off.

If you google him you will see he has featured in numerous articles and interviews where he presents a very clean image in the sense that he is all about safe trading, avoiding scams and helping the little man versus the banks, corporations or scammers. His videos talk about safe trading, stop losses, risk management and taking profits.

He has picked some very good altcoins too - for example, picking FTT, Poly, AXS, NXM and Red Fox early (more about that last one soon)

All very well and good right? Well..... things started to publicly unravel last week - I say "publicly" because the train wreck was already in motion behind the scenes.

So Alex challenges Richard Heart to a debate to try and discredit Hex. Fair enough. I haven't even watched the debate but Alex thought he did well and claimed to have "destroyed" Richard Heart on twitter. Richard Heart then promptly shares screenshots of private messages from Alex where he is asking for a 20 BTC loan, offering him a $50,000 placement in his "stealth" stable coin project and then finally Alex asks Richard for Hex as a payment for talking with him! (there is some debate as to whether these are genuine screenshots - this has been discussed at length and let me assure you they are)

Then people start talking in his private group. It turns out that many people with any involvement with Alex has had him ask for money - whether it is a loan, running a trading fund, lending BTC for his OTC trading, pooling funds for investment - you name it. One person told me they sent ETH because he told them he had a 100% APR ETH pool running. In one case, a person said he was busy because "they had just had baby son born". This didn't stop Alex persistently messaging him, asking again and again. Often the messages sent to different people were very similar - a common theme was urgency, and that there was "just one spot left" in a project.

Even worse, on the same day Alex was asking Richard Heart for money, he ran a fund-raising campaign in his group, raising $2M from his users for his new "billion dollar idea" - a stable coin project called DCB. The entry cost? $50,000 each. Quite a few people saw this a out of character. Some questioned if this was a test to see if people would fall for it. But it was real. There was no contract, no detailed white paper, no public team. Still people invested (I did not)

Now the problem is from my discussions, it would appear that VERY few people that ever gave Alex money / crypto saw a penny back. In every case, he plays around with stalling tactics, promising that the cheque is in the mail etc etc. And more concerningly, looking at the ETH transactions, every single time the funds go straight to FTX (a margin lending exchange).

Over the last 2-3 months people noticed Alex changing. He very rarely contributed to discussions and his youtube activity started to slow. Some people noticed he seemed very lethargic and out of it (he blames this on a back injury, but who knows).

Now the penny drops. As more and more people talk, and on twitter prominent influencers start coming out, sharing messages and saying they either lent Alex money or were approached.

Now for my confession. I provided Alex with a decent amount of crypto for one of his ventures. This was some time ago. I never saw a cent, and have chased him for a long time. Despite this, he would continually message me asking for more money to lend him. If I mentioned I had talked to a large crypto holder, the first thing he would say is "do you reckon he can lend me 20 BTC for some OTC deals?". As I would do that!! Was I dumb? Absolutely. It was a relatively small sum for me but it still has given me a sleepless night or two. (I am going to do a post one day of my "mistakes in crypto" as a lesson to people. This will be number 1)

This week my phone starts ringing and I'm getting calls from numerous people in the community. One guys lent him $250k and his suing him. He had publicly outed Alex and has been threated with defamation by Alex's lawyers. Another guy lent $650k - incredibly he got repaid after putting pressure on him, but I am told another lent $3 MILLION and is using a legal team to try and get money back.

These are just the big players. I have messages from MANY small / novice investors who gave money they couldn't afford to lose. Some are in tears. One person pooled money with their father. Another drew out of retirement savings for this. Foolish ? Sure. But that doesn't excuse what happened.

Now back to Alex's DCB project. Remember that every user paid $50k to join? Do the maths and there should be 40 members. Well, the members in that private group and grown and grown - up to 150 last I heard with new members being added as of 2 days ago. Rumors are that he is trying to raise more and more money.

And where is all the money? The total is expected to be somewhere in the range of $6M to $15M - maybe more. Speculation is rife as to what has happened, but the general consensus is that he has an extreme gambling problem involving margin trading. Looking at his facebook comments in his group, it would seem that he was leveraging short from the start of the bull-run and he was potentially long at the top of the market at 60k.

I also know he had some odd positions. He would message people when he was pushing a position. One of these was XRP which he was convinced would go on a hyper run (it did not).

I have also seen screenshots of messages where he talks about revenge trading and FOMO. This is in the context of him asking to "borrowing some bitcoins for the night" (not exact words but close) because he couldn't access his FTX account as he was away from home. None of this makes sense - but nor do his excuses.

He also had quite an ego. He told Richard Heart he was "Tasmania's Richest Man". He would frequently post about his successes in crypto and his x100 picks. Based on events, his financial position and trading abilities seem to have been greatly embellished.

Now Alex seems to have disappeared or at least gone off the radar. The last I heard was a voice message from 2-3 days ago where he says his stable coin project is the thing that will get him out the hole and that it will be a "top 3 project", potentially replacing tether. Given his lack of funds and reputation, this seems delusional at best. There is speculation he is on the run (unfortunately he is well and truly "doxxed" with his address and photos of his house being shared online. He says he is getting death threats which I guess is to be expected. As of a few days ago, he was promising refunds and payments this weekend (and if this does happen I can assure you this post will be deleted and retracted with an update).

Notably, he has left his own group which has now re-branded as "collective shift" with ownership passed to his staff. Most of Alex's old posts have been deleted, although copies are still circulating. His twitter is silent, although it has some activity with resharing etc. Those who message him with legal threats simply get a one word reply "ok" or "sure". I actually reached out to him on a personal level - said I wouldn't mention our loan, but was checking in on him. Silence.

And there is more. Speculation is rife as to whether Alex took payments for projects or even just acted as a pump and dumper. Evidence here is harder to collect, but in screenshots Alex talks of having "a few million" in vested Red-Fox, which unvests in already September. This is interesting as Alex had previously said he never takes funds from projects he pushes, and Red Fox has responding saying they never paid him. So somebody is lying. On numerous occasions, he would post on a project (usually with a small market cap and low liquidity) - the price would then jump as users piled in, and then savagely dumped moments later. You be the judge as to who was selling.

Some people confided in me they had posted negative comments regarding Alex or his projects and were censored or banned from the group. One rejoined under a different "alt" account.

Remember this guy was seen as one of Australia's most trusted crypto experts, and 5000 people trusted him with $200 a month for his advice. It seems he had it all, but sadly some form of addiction or something else has taken hold of him, and changed him forever. This is a story of how aggressive trading can become an addiction, and ruin everything for you. Be warned. It is also a lesson on how to never trust anyone in crypto (in case you are looking back at my 25 rules in crypto, my "never trust anyone in crypto" rule was written AFTER I gave Alex funds, and at a point I was having suspicions).

His community is now fractured with many leavings. Various private facebook groups are forming to discuss recover plans or legal action. There is a telegram group with over 1,000 people discussing this. Many sharing their own stories of their lost funds.

So now what? Who knows. Hopefully authorities get involved and the relevant FTX account will be frozen. Maybe he has assets somewhere but I doubt it. When the story breaks this will likely be big news in Australia and it will once again give the media the chance to combine crypto and scams together, and perhaps even lead to a regulatory crackdown over there.

As a finale, I should add to don't bear Alex any real malice. I feel very sorry for his family and his staff (most who I assume were in the dark on his activities). The new owner of his group has been handed a very hot potato (he is a real young guy, probably naive and taken in by Alex). In a way, having this outed is kind of a relief as I don't need to chase that crypto any more. As with many previous errors, those funds are lost. But its fine. I even managed to make the entire amount back in one trade last night (SFUND if you are interested). But I feel for the people who gave him everything, as for them its a long path to recovery. Others will leave crypto for ever with a sour taste in their mouth.

Everybody I spoke to is shocked. One said it is a living nightmare. Another said they wake up every morning, forgetting everything, and then it comes back as a memory. Nobody can believe the transformation of this once iconic and trusted character. It is a lesson as to what addiction can do you to, and once it holds, the extent a person can be pushed to feed that addiction.

There is of course concern for his mental health which is real. I have told the media this is a primary concern and I hope they take that in. But equally I've shared in the emotions and horror of literally dozens of people as my in-box is filling up and my phone has been ringing all week.

And I should add that if Alex wants to respond to any of this (including similar posts and stories circulating) he should do so and I will edit the post accordingly and link anything here.


How is this like 👇👇👇🤔🤔

This Friday’s weekly Bitcoin (BTC) options expiry currently holds $330 million in open interest. Considering the recent struggle to regain the $32,000 support level, this event is an important test of bulls’ willingness to display reversion signs.

On Wednesday, Alameda Research announced that it had made Bitcoin purchases below $30,000, and Sam Trabucco, the firm’s quantitative trader, mentioned that the narrative for BTC could turn bullish because of the ongoing fear, uncertainty and doubt (FUD) caused by the China BTC mining ban, Grayscale GBTC unlock and recovery in stock markets.


What is happening to doge now is a very difficult and painful process of decoupling from btc price and emerging as the dominant crypto in the world of real commerce💎🙌💎💎🤙🚀🚀🚀🚀🚀🚀🚀🚀 Just look at the recent news with commerce payments in doge on coinbase!

The crypto markets are still driven by btc and right now it is actually the perfect storm for bitcoin which is dragging all other crypto down thru arbitrage trading. Here are just some factors weighing down on btc, crypto and doge by extension:

  • China btc mining/tx processing ban
  • Tesla drop
  • Bitcoin energy inefficiency and environmental impact concerns from sustainability conscious institutional investors

This process of decoupling from btc and all things bitcoin is going to last for some time but when it is over doge hodlers are going to be rich. You know it, I know it, Vitalik knows it, and Elon knows it too..

Here's just some of the why:

  • Doge adoption by businesses for real commerce is rapidly expanding not just in the US but globally. Recent addition toncoinbase commerce payments platform is just another sign of many.
  • Doge daily trading volumes have been shattering all records with 1250% rise to $1 billion in Q2 of this year
  • Upcoming doge platform upgrades such as SegWit and Check Sequence Verify will result in 99% drop in tx fees, improved doge tx speed and overall platform scalability - (all spearheaded by Musk) - which may lead to doge adoption by Tesla and other big businesses
  • Multiple future events like Doge-1 mission to space will continue to contribute to doge popularity
  • Doge brand is akin to Apple in terms of positive emotions it evokes among consumers (marketologists luv this kind of isht. doge brand already sells a lot of product today!! from slimjiim to merch to dogecan by axe.. etc. etc.)

Again the process of doge breaking away from BTC will be wobbly and at times painful with dips twists and turns as we have been experiencing for 2 months now. However, the things that have happened in just the last 3 months have already made it abundantly clear that doge crypto dominance is inevitable.

Doge is happenan and it is real. So much for a joke lol. Looks like fate does love irony after all..

to the moon shibe! 🤙🚀🚀🚀🚀🚀🚀🚀🚀🚀 spread the word and do only good everyday !! and HODL


How does the DeFi market develop?

Why is it believed that the DeFi market is promising? The answer to that question lies on the surface: the DeFi sector is going forward so fast everyone looking is getting blown away!

At this very moment, the total value locked (TVL) in DeFi is at a new all-time high just shy of $55B. Putting this in the context of mainstream finance giants, Square’s market cap is currently $112B, PayPal’s is $308B, MasterCard’s is $380B, and VISA’s is $499B.

This is tremendous news for all involved in the DeFi market! Looking back at late 2020, the $25B threshold seemed like an insurmountable obstacle! Even in January, experts were so conservative, the wildest estimates spelled $50B or $100B by the end of the year... Well, now it seems the $100B mark is easily achievable by early summer of this year!

These figures perfectly demonstrate why everyone who is observing the cryptosphere can’t but notice how rapidly it is developing in comparison with the traditional economy with its principles that have stayed the same throughout thousands of years. In 2008, Bitcoin got in the game, and it was a landmark event. Today, 12 years later, BTC is no longer considered state-of-art. More advanced projects working on blockchain technology are emerging – fast, smart, reliable, and easy to use even for newbies. Let's see why the decentralized finance market is one of the most exciting areas today.

The goal of decentralized financial platforms is to completely overhaul the traditional system of monetary transactions in the most open and seamless manner possible. Many are fascinated by this area because of the ability to create and launch censorship-resistant products, as well as because of the interesting and promising technology that opens up a huge scope for experimentation.

DeFi is sometimes referred to as "LEGO money" for its modularity. By connecting different decentralized applications, you can create completely new projects, simultaneously increasing their user-friendliness, and maximizing your profit.

Why is DeFi innovation so important? Above all, decentralized finance thrives in settings without regulatory oversight. This ensures complete protection of personal life. One of the main challenges on the way to global blockchain development is the hostile environment of outdated laws and regulations, and some DeFi projects have already failed because of this. Credefi has a higher goal in DeFi, and aims to reform the modern industry: we are creating a system that will be transparent, reliable and easy to use. Credefi is bridging the gap between traditional finances and DeFi, by using the world's available computing to power a more decentralized, sustainable and connected world!

https://preview.redd.it/j8aitsxsyyc71.png?width=1252&format=png&auto=webp&s=e5bff4d84320a0742562006e557d5d1170d3a76d


The Top NFT Platforms for 2021

After years of debate over the use cases that would propel blockchain adoption into the mainstream, it appears that 2021 will be the year. NFTs, which appear to be even more popular than Bitcoin’s price, has been generating headlines all over the world. However, you don’t have to be a billionaire or a celebrity to join the NFT craze. Anyone can create their own NFTs and exchange them for profit or amusement. So, in 2021, here’s a list of the best NFT marketplaces for creating, buying, and selling NFTs.

OpenSea

Following the CryptoKitties mania that erupted when Ethereum introduced the ERC-721 and ERC-1551 non-fungible token standards, OpenSea was formed in 2018. It now bills itself as the world’s “first and largest marketplace for user-owned digital goods.”

OpenSea takes a fee of 2.5 percent of the price of each successful sale. If you successfully match a buyer and a seller on the platform, you can also receive bounties.

Superfarm

SuperFarm is a cross-chain system that aims to disrupt the NFT market by allowing gamers to farm NFT tokens. It’s similar to the token farming features present in a lot of DeFi systems.

SuperFarm got off to a flying start with a five-day Genesis Drop Event after launching on the newly relaunched Polygon (previously Matic Network) platform in late March. Participants will be able to acquire NFT tokens, which will grant them exclusive access to the site in the future.

More features, such as video game integrations and NFT-based voting, renting, and loans, will be added as the beta and final release versions are rolled out over the following months.

Rarible

Rarible, a competitor to OpenSea, is another NFT marketplace that focuses on art-based assets for issuing and selling NFTs. Rarible, unlike OpenSea, is aiming for complete decentralization.

It’s an Ethereum-based NFT DEX run by holders of the RARI token, with decentralized governance. Rarible operates a liquidity mining mechanism, similar to DeFi protocols like Uniswap, by awarding RARI tokens to users of the marketplace. The protocol distributes RARI tokens to everybody who buys or sells on the marketplace once a week until mid-2024.

Ethernity

Ethernity, another newcomer, stated in February that it would develop an exclusive marketplace for authenticated NFTs. Ethernity has completed a seed round and a public token sale on Polkastarter since its February debut, as well as verified agreements and collaborations with NFT platform Terra Virtua and Hong Kong-based investment firm Kenetic.

Nick Rose Ntertsas, a longtime Bitcoin investor who has been working in crypto since 2011, is the brains behind the initiative. He’s known for his charity activity as well as his investments in several blockchain initiatives.

Hoard.Exchange

Hoard provides an NFT marketplace as well as a software development kit for integrating in-game objects with the Ethereum blockchain.

The SDK is intended to make it simple for any game developer to create NFTs for usage in their games without needing to learn how to code in the blockchain. The marketplace will allow users to trade in-game assets such as virtual real estate and collectibles. Items can also be rented or rented out, as well as sold.

Hoard is a supporter of a few NFT-related developments. To begin with, users can loan, rent, and borrow NFTs.

FansForever

FansForever, a Tron-based company, is one of the newest entries to the NFT marketplace business, allowing customers to avoid the exorbitant transaction costs currently faced by Ethereum users.

FansForever dubbed a “decentralized social marketplace,” is firmly focused on the celebrity NFT market, and has already signed Lindsay Lohan to the platform. In partnership with Manuel Riva, the Hollywood actress has released a new song called Lullaby. Bids have risen to around $125,000 at the time of writing.

Enjin

Enjin, one of the founding fathers of the blockchain gaming industry, has recently been causing a stir in the world of NFTs. It has been running an NFT platform for some years, allowing anyone to mint Ethereum-based NFTs without writing any code and thereby providing a blockchain gateway for game makers.

Enjin has been bolstering its footprint in the NFT industry with two major efforts since March. Enjin unveiled JumpNet, a private instance of the Ethereum blockchain that employs the Proof of Authority consensus for an instant, free transactions leveraging Ethereum’s ERC-1155 token standard, in response to Ethereum’s persistent scalability and cost issues.

Hic et Nunc

Hic et Nunc, a Tezos-based NFT marketplace that has lately gained traction as a result of the continuing controversy about NFTs’ environmental impact, rounds out the list.

The climate camp claims that Ethereum’s proof-of-work consensus is just too energy-intensive, a charge that has already been leveled against Bitcoin. The issue is that NFTs are more complicated smart contracts than the usual ERC20 token, as they can include many transactions over the course of their lifespan.

Our specially curated list of best NFTs for trading will make your trading journey smother and easier. Happy trading!


The misconception of "TA is astrology for men", and why you are probably sabotaging yourself by thinking that.

The more tools and information you put at your disposal, the better you can make informed decisions.

TA is about that, giving yourself an edge and better understanding, beyond fundamentals. By really understanding what the market is currently doing by looking at the actions of traders.

In a market like crypto where everything is focused on just Bitcoin, and where nearly 80% of the transactions are done using bots, it's really a tool that you can't ignore.

Fundamentals alone is not the sole driver of markets. You have to understand both sides of the market.

TA is also not about predicting an exact price or time, it's about probabilities. So that over time, if you stack the probabilities in your favor, you come out on top more often than not.

Same principle you use when playing poker.

There's no way to know for sure if you have the winning hand, but you can look at the probabilities to make a better decision.

If you're new in poker, and ignore the number of cards in a deck and probabilities of each hands, you are not using all the information at your disposal.

Imagine you hold a pair of 7 in your hands, and here's what's on the table:

https://preview.redd.it/axea5imf1zc71.png?width=669&format=png&auto=webp&s=287e3987cfb98d2282ea0e7ffc4dfaa8f36b424a

Coming in as a new player, who hasn't researched the mechanism of the game and isn't fully analyzing the probabilities, you might think "cool, I have something" or "I've seen people win with a pair of 7 before". ALL IN.

But someone might tap on you shoulder and tell you, you are playing against 9 players, and there's a potential flush on the table. There's also always a chance of a full house when there's a pair on the table. That's someone providing you a little piece of TA.

But some Youtuber might tap on your shoulder and say something like, "this guy across the table has gone all in 4 times in a row, and has won those 4 hands. He's bound to run out of luck now". That's someone providing bad TA.

There lies really the issue with TA. Any moron can go online and provide TA. That's why so much of it is bullshit and plain wrong.

Typically, the main issue as to why people get TA wrong, is not that TA in itself is wrong, but most people have a hard time with the mechanism of probabilities, because it's a lot of abstract concepts and sometimes even counter-intuitive.

There's also the misunderstanding that it's about prediction and an absolute outcome. And forgetting that it's only as good as the assumption and statistical sampling it's based on. And in the end just probabilities.

https://preview.redd.it/pck67tu94zc71.png?width=629&format=png&auto=webp&s=bf252cdd2d93344d412eaf079bb1b6094a0a3e51

There is also the assumption that it's pointless to try to predict anything, since it's not possible to predict anything.

That's not entirely true either. It's not so much that it's impossible to know what will happen, so much that it's often too complex to predict the future.

We predict the future on a daily basis without realizing it. When someone throws a ball at you, you don't go "this ball could go anywhere", you can calculate the trajectory and the timing to catch it in your hand at the precise right moment. Because you knew where it was going based on your learning and calculations.

Simple events like that can be show that prediction is possible.

Predicting a market deals with too many balls thrown all over the world, and not enough data on what's happening to each one.

Nothing is random in the universe, and there's no such thing as chance. Everything is action and reaction. In theory, everything is predictable. It's just too complex, and you usually don't have enough information.

The less information you have, the worst your TA is going to be. But you only need your TA to give you better odds than 50/50 in the long run to come out on top.


LATEST CRYPTO NEWS

QuickTake: Latest News on Crypto

https://preview.redd.it/av2p0csseyc71.png?width=2000&format=png&auto=webp&s=ba489d9e44d96fffd37c9228d3baaca27affd1e2

📍21st July, Jack Dorsey Says Bitcoin Will be a Big Part of Twitter's Future.

📍21st July, Cypto Price Pumps After Elon Musk Says He Owns Major Cryptocurrency at The B Word Conference, an Event Hosted By The Crypto Council for Innovation.

📍22nd July, The Decentralized Autonomous Organization (DAO) Behind Tokens like the DeFi Pulse Index, has Partnered With another DAO, Bankless, to Launch a New Crypto Token called the BED index.

📍23rd July, Nigeria’s Central Bank Says Its Digital Currency Pilot Will Start October 1, says Bank's Information Technology Director, Rakiyah Mohammed.

✅ Looking for a crypto community to earn free Taji coins and learn from cryto experts? Join our Telegram Global Community u/TajiriGlobalCommunity

🔥Follow, Like❤️ & Share🔥 u/Tajiriglobal www.instagram.com/tajiriglobal/ www.reddit.com/r/tajiriglobal/

⚠️ Please be mindful of scammers while reading the comment section.🚫

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Add to your calendar Bitcoin SV (BSV) event: Virtual Meetup - July 29, 2021

https://kryptocal.com/event/66980/virtual-meetup

Add to your calendar Ergo (ERG) event: Bitcoin.com Exchange - July 29, 2021

https://kryptocal.com/event/66981/bitcoin-com-exchange

We're opening Maracay Venezuela, the country's 5th largest city of 1.2m people, for Bitcoin Cash today and tomorrow with a schedule of 10 events. Follow our progress.

https://forum.bitcoincash.site/t/apertura-maracay-24-07-al-25-07/296

We're opening Maracay Venezuela, the country's 5th largest city of 1.2m people, for Bitcoin Cash today and tomorrow with a schedule of 10 events. Follow our progress.

https://forum.bitcoincash.site/t/apertura-maracay-24-07-al-25-07/296

When you’re stuck at a Bitcoin event, but Dogecoin is all you can think about

https://v.redd.it/5z5fh7fzpwc71

Elon Musk Reveals Spacex Owns Bitcoin, He Personally Owns BTC, Ethereum, Dogecoin — 'I Might Pump but I Don't Dump'

https://preview.redd.it/iqs0b7dzuxc71.png?width=940&format=png&auto=webp&s=feeb381d6745f9dc6d63bd74e0d39379620a6545

Spacex and Tesla CEO Elon Musk has revealed that he personally owns bitcoin, ethereum, and dogecoin. Meanwhile, his companies, Spacex and Tesla, own bitcoin. He also said that bitcoin’s energy usage “is shifting a lot more toward renewables,” and Tesla will likely resume accepting the cryptocurrency after he does more due diligence.

Elon’s Cryptocurrencies: Bitcoin, Ethereum, Dogecoin

The Bitcoin event “B Word,” which took place Wednesday, featured a live discussion with Tesla and SpaceX CEO Elon musk, Square and Twitter CEO Jack Dorsey, and Ark Invest CEO Cathie Wood. The discussion was moderated by Steve Lee, head of Square Crypto.

Responding to the question of what influenced his view on bitcoin, Musk began by outlining the benefits of the cryptocurrency. Tesla’s Technoking, who wore an evolution of money t-shirt during the live discussion, then said, “It’s got a lot of potential.”

Emphasizing, “I’m not an investor,” Musk said that the only significant publicly traded stocks he owns are the Tesla and Spacex stocks. He continued:

Apart from that, I do own bitcoin. Tesla owns bitcoin. Spacex owns bitcoin … And I personally own a bit of ethereum and dogecoin.

Musk affirmed, “In general, I am a supporter of bitcoin,” emphasizing, “The bitcoin I own is worth a lot more than ethereum or doge.”

Indicating that he doesn’t believe in selling after helping to boost prices, he opined:

If the price of bitcoin goes down, I lose money … I might pump but I don’t dump … I would like to see bitcoin succeed.

Turning to the subject of Tesla halting acceptance of bitcoin, Musk explained that the suspension was temporary. He confirmed: “We are not selling any bitcoin, nor am I selling it personally, nor is Spacex selling any bitcoin.”

Regarding Bitcoin’s energy usage, Musk conceded: “It looks like Bitcoin is shifting a lot more toward renewables and a bunch of the heavy-duty coal plants that were being used … have been shut down, especially in China.”

He added, “I want to do a little more due diligence to confirm that the percentage of renewable energy usage is most likely at or above 50% and that there is a trend toward increasing that number,” elaborating:

If so, Tesla will most likely resume accepting bitcoin.


Podcast: “Exit Scam,” an 8-part series on the death of Gerald Cotton, the collapse of QuadrigaCX, and the disappearance of $215 Million worth of crypto

Just listened to this entire podcast series the last few days and wanted to recommend it here. Gerald Cotton founded QuadrigaCX, which was formerly the most popular crypto exchange in Canada until his death in 2018.

However, there are a number of people who think he might be still alive.

The podcast does a deep dive on the foundation and fallout of QuadrigaCX, which, it turns out, was run entirely by one person from their personal MacBook. Some of you here may have even been affected by this story, as over $215 Million worth of crypto from customers was lost in the exchange wallets when Gerald Cotton died.

But the funds in those wallets aren’t even there if you look at the Blockchain.

Gerald, incidentally, has a long history of online Ponzi schemes, and was someone who shared workspace with Vitalik in 2014 when he was laying the foundation for Ethereum. Gerald was highly knowledgeable about the mechanics of blockchain technology, and ended up running an exchange all by himself.

If you haven’t checked out this podcast yet, and especially if you got into crypto after these events, I highly recommend giving it a listen. Episodes are only about 35 minutes each, and it’s an essential lesson in the crypto space for exchanges that’s are “too-big-to-fail,” the history of crypto trading online, and the fallout for when a large number of people lose a lot of money - sometimes their entire life savings.

Here’s some links to the show, and below I made a chart with descriptions of each episode:

Exit Scam Podcast on Spotify: https://open.spotify.com/show/1oMFCuyTREkANPIbJJLBP6?si=Jv27B5WaRSGBvewrcd8-pw&dl_branch=1

Exit Scam Podcast on ApplePodcasts: https://podcasts.apple.com/us/podcast/exit-scam/id1565845318

Episode Description
Part I: The Lost Password Canadian crypto baron Gerald Cotten dies under mysterious circumstances while on his honeymoon in India, causing a $215 million problem for customers of his Bitcoin exchange, Quadriga.
Part II: The Co-Founder The story of how Gerry turned Quadriga into Canada’s top Bitcoin exchange — with help from his shadowy co-founder.
Part III: The Ponzi Schemer When Gerry was in his teens and early twenties, one thing stood out about him: his money. He had a lot of it and nobody knew where it came from.
Part IV: The Chris Markay Account Three years before his death, Gerry embarks on a spending spree, buying a yacht, a plane, and even his own private island. But things at his Bitcoin exchange, Quadriga, begin to unravel.
Part V: The Old Friend A friend of Gerry's once defended him and said there was no way he faked his death. But now he’s changed his mind and wonders how he missed the clues, despite being a Bitcoin security expert.
Part VI: The Coffin We trace the 7,000-mile path that Gerald Cotten’s body took after his alleged death, from a Jaipur hospital to a Halifax cemetery.
Part VII: The Wife There's only one person who knows what really happened to Gerry in India--besides Gerry himself--and it's his wife, Jen.
Part VIII: The Exit In our final episode, Quadriga customers demand that the Royal Canadian Mounted Police exhume Gerald Cotten’s coffin.

Hope you enjoy, cheers!


Cardano Rumor Rundown July 23, 2021

Hey Everyone!

Let's go...

Newly covered today:

  1. The mainstream press is suddenly realizing the behavioral economics tools that a central bank with CBDCs could wield. There is definitely a universe where this becomes a very dystopian and jarring introduction to virtual currencies for the mainstream. https://twitter.com/NeerajKA/status/1418168477429424135
  2. Wolfram CEO, John Woodard, drops a guest article with IOHK on NFT liveminting. The article seems to have a good amount of focus on the community building potential of NFTs. I think that could be a big growth area for the future. https://iohk.io/en/blog/posts/2021/07/22/wolfram-and-cardano-build-communities-with-nfts-and-liveminting/
  3. IOHK has released its Conclave paper on collective stakepools. https://eprint.iacr.org/2021/742.pdf

Previously Covered but still interesting:

  1. 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
  2. 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
  3. 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
  4. And….still! Kings of the github! https://twitter.com/CryptoDiffer/status/1400744567956180993
  5. 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
  6. 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
  7. 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/
  8. 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
  9. El Salvador passes the statute to make Bitcoin legal tender in the country. https://twitter.com/nayibbukele/status/1402827595339681794
  10. 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
  11. 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/
  12. 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
  13. Here’s a great ETH vs. Cardano DeFi project comparison infographic. https://twitter.com/Coin98Analytics/status/1403397242707320835
  14. 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
  15. John O’Connor appeared on the Disrupt Network Podcast. bit.ly/3znqyB7
  16. 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
  17. 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
  18. 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
  19. 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
  20. 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
  21. 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
  22. 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
  23. Check out the newly “pimped up” Cardano documentation. https://twitter.com/theSavaSavic/status/1405526615585480730 https://docs.cardano.org/
  24. Runtime Verification (architects of K Framework which powers Cardano’s IELE & KEVM) 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
  25. 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
  26. We are crushing all the competitors in terms of assets staked! https://twitter.com/CryptoDiffer/status/1405854686209622018
  27. 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
  28. 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
  29. Draft table of contents for Mastering Cardano has been revealed. https://twitter.com/IOHK_Charles/status/1407165366355124225
  30. COTI (a project with very close ties to Cardano) is coming to Ledger. https://medium.com/cotinetwork/coti-native-is-coming-to-ledger-c56b04df1253
  31. The June Cardano 360 is currently available on Youtube. https://youtu.be/al5m14299ww
  32. 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.
  33. 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.
  34. 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.
  35. Finally, the Goguen Summit will be in late September. Sign up now at summit.cardano.org.
  36. 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
  37. 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
  38. 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
  39. 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
  40. Here’s a great new interview with the CEO of World Mobile from Cardano Chats. https://youtu.be/w0Z2RP6a9HE
  41. New article from the Cardano Foundation on Governance. https://forum.cardano.org/t/blockchain-governance-what-it-is-and-why-it-matters/65493
  42. Sebastien explains some Alonzo HFC event changes. https://twitter.com/SebastienGllmt/status/1409485560012414978
  43. 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
  44. Sebastien of dcSpark submits a Cardano Improvement Proposal to allow wallets to implement collateral. https://twitter.com/SebastienGllmt/status/1409910858117877763
  45. New Plutus Pioneers Class starting July 1!
  46. Charles says it looks like we will hit Alonzo white on Monday. https://twitter.com/IOHK_Charles/status/1410279529021648896
  47. Coti update from Shahaf Bar-Geffen. https://twitter.com/COTInetwork/status/1410644013863124992
  48. 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/
  49. 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/
  50. 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
  51. Catalyst Fund 4 results are here. https://adapulse.io/fund-4-results-are-here/
  52. 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
  53. 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
  54. 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
  55. 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
  56. Ben O’Hanlon sets the record straight on developer interest in Cardano. https://twitter.com/benohanlon/status/1412136150404370432
  57. As always, Cardano is straight killing the competition in terms of assets staked. https://twitter.com/StakingRewards/status/1412389781003194395
  58. 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
  59. 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
  60. IOG says they have started onboarding new SPOs and developers to Alonzo White this week. https://twitter.com/InputOutputHK/status/1412847798274478084
  61. 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
  62. Daedalus 4.2.0 now adds Ledger & Trezor Catalyst Registration. https://twitter.com/InputOutputHK/status/1413176419186774018
  63. Yoroi 4.5.7 extension release now adds Ledger Catalyst Registration. https://twitter.com/YoroiWallet/status/1413128256836997120
  64. 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
  65. Cardano Gainz Calculator now has a graph showing 10 year growth. https://twitter.com/lesquive1/status/1413249312465866757
  66. 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
  67. Great new interview with World Mobile’s Mickey Watkins, Charles, and John O’Connor. https://youtu.be/WSSpI8Rtif0
  68. This infographic shows just how big the Cardano DeFi space is getting. https://twitter.com/BPE_Crypto/status/1413973912396963840
  69. This infographic shows just how much DeFi volume is out there for Cardano to steal. https://twitter.com/Coin98Analytics/status/1413514041029394439/photo/1
  70. There is a new stakepool explorer available. https://www.cardanoworld.io/
  71. 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
  72. 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
  73. 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
  74. The Cardano Foundation’s Cardano Developer Portal is now up and running. https://twitter.com/CardanoStiftung/status/1414640913612255234
  75. Prime Minister Abiy Ahmed’s party has won re-election in a landslide election. https://www.bbc.com/news/world-africa-57791868
  76. 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
  77. Cardano is still destroying everyone in terms of value staked! https://twitter.com/StakingRewards/status/1414895205384327168
  78. The Cardano ecosystem maps keep getting bigger and more complicated. https://poolg.de/Eco/CardanoEcosystemMap.html
  79. 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
  80. We experienced a successful fork to the Alonzo White testnet! https://twitter.com/InputOutputHK/status/1415399456841863177
  81. Very serious accusations are laid out against the Meld project. https://twitter.com/Bobme808/status/1415283648438358016
  82. 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
  83. IOHK releases a paper on a crypto-backed algorithmic stablecoin. https://twitter.com/IOHK_Charles/status/1415531260470972423
  84. 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
  85. Always the GitHub activity champs! https://twitter.com/ProofofGitHub/status/1416065097794002946
  86. We are now seeing the advent of a so-called “Fair Initial Stakepool Offering”. https://twitter.com/MinswapDEX/status/1416110973690122240
  87. The weekly development update is out. https://roadmap.cardano.org/en/status-updates/update/2021-07-16/
  88. 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
  89. 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
  90. Liqwid says it is on target to be live on day 1 after the Alonzo hardfork combinator event. https://twitter.com/liqwidfinance/status/1416363542975074305
  91. 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
  92. There is actually a chart showing where all the Meld ISPO delegators came from now. https://twitter.com/stakenoble/status/1416189846054387712
  93. The IOHK mid-month development update for July is out and available for viewing. https://youtu.be/U9K-8jILGcg
  94. Apparently “unsigned Phalices” are a thing in the Cardano ecosystem now. https://twitter.com/unsigned_algo/status/1416909454100992000
  95. 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
  96. 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/
  97. Sebastien of dcSpark was recently on Cardano Live to discuss Alonzo. https://youtu.be/lejoT_odbOY
  98. Notable news for upcoming Cardano DeFi projects. There may be slightly less competition in the “get a return on your crypto assets” game very soon. 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 offering a return of sorts. 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
  99. EU is planning to introduce regulations on anonymous crypto wallets. This is a big deal. But, Cardano is probably more prepared than any with its identity solutions that could be sued for KYC/AML. https://twitter.com/Wiiinnie/status/1417575921565978628
  100. Cardano didn’t come up in the Cathie Wood, Jack Dorsey, and Elon Musk panel discussion at “The B Word” event. But, given how Elon repeatedly shot down maximalist explanations for the shortcomings of proof-of-work chains in energy consumption and throughput, the whole thing ended up sounding like a long-form pitch for proof-of-stake and Cardano. Seriously, you should check it out. https://www.thebword.org/c/track-2-Bitcoin-As-A-Tool-For-Economic-Empowerment
  101. Emurgo is hiring for community management/product support! https://twitter.com/emurgo_io/status/1417870195952168964
  102. Gary Gensler, SEC Chair, indicates that crypto assets providing synthetic exposure to securities will be regulated as securities. This should be scary news for any Cardano projects that are aimed at exactly that! https://www.sec.gov/news/speech/gensler-remarks-aba-derivatives-futures-law-committee-virtual-mid-year-program-072121

~Army of Spies


Do stocks maintain the purchasing power in a hyperinflation event? (x-post from /r/Bitcoin)

https://www.reddit.com/r/Bitcoin/comments/opy1rw/do_stocks_maintain_the_purchasing_power_in_a/

When you’re stuck at a Bitcoin event, but Dogecoin is all you can think about

https://v.redd.it/5z5fh7fzpwc71

A New Era Is Coming

A new era in online gambling is coming, and a new ICO to invest in, gone are the times when fiat currency was all we had. Since the launch of Bitcoin in 2009 the crypto currency market has gone from strength to strength gaining more and more interest. Most online gambling platforms do not entertain the use of cryptocurrency stakes let alone have a dedicated exchange, and given the new digital world we are now galloping into it is time to bring online gambling platforms into this new digital world. Every once in a while, opportunities arise that surpass everything else in its field giving crypto enthusiast a chance to invest into a project that's going to be a huge success, that chance has come in the form of a new crypto currency token named Crypto Stake (CST). This new token takes on the role of being a dedicated currency that will give people who like a flutter commonly known as a bet better odd over any other platform online, how can this be we hear you ask; the answer comes in the form of a new gambling eco system Crypto Stake . This new online gambling centre uses blockchain technology in any casino, lottery, or any game using random number generation (RGN) a first of its kind creating transparency, trust, and very importantly security. This amazing new platform will have its own dedicated exchanged on board so any punters can exchange any Crypto Currency they hold to Crypto Stake and take advantage of higher betting odds, if you don't have time to exchange place your wagers using any top 100 Crypto you hold or even use fiat, we aim to provide a service to everyone irrespective of the currency they wish to use, betting on casino gaming or sports book events is being catapulted into a fantastic new modern-day existence. Why people will prosper investing in this ICO, the Pre-Public Sale price starts at $0.15 followed by 10 public rounds increasing by 5 cents per round easy to see how your investment is going to pay off when the Token hits the exchanges at $0.70. Crypto Stake forecast the demand for this currency.to be very high given its unusual use and benefits previously explain in this article. Serious investors can use several means of contacting the team to get answers for any questions they may have below are all the contact details. 📧 [Support@crypto-stake.org](mailto:Support@crypto-stake.org)   📢  t.me/cryptostakechat   🐦. Twitter @cryptostake1   ⌨️ Medium Https://medium.com/@crypto-stake   📝 Reddit r/crypto_stake