Tuesday, August 17, 2021

Powerbridge Technologies Enters Strategic Partnership with Cryptodigital Holdings to Acquire Bitcoin and Ethereum Miners

ZHUHAI, China, Aug. 17, 2021 /PRNewswire/ -- Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) ("Powerbridge" or the "Company"), a SaaS solutions and Blockchain applications provider, today announced it has entered into a collaborative agreement ("Agreement") with Cryptodigital Holdings Ltd. ("Cryptodigital"). Under the terms of the Agreement, Cryptodigital will provide related services to Powerbridge for acquiring a certain number of bitcoin (BTC) and ethereum (ETH) miners and developing and managing the mining operations in Asia and North America.

Stewart Lor, President and Chief Financial Officer, commented, "We are delighted to have established a strategic partnership with Cryptodigital. We look forward to working with Cryptogital's team of industry-leading professionals and leveraging their resources to consistently acquire miners. In addition, we will work closely to develop and manage our global mining operations. We believe that our partnership will substantially drive the Company to achieve a competitive level of mining fleet and hashrate."

https://preview.redd.it/par6h8va22i71.jpg?width=1216&format=pjpg&auto=webp&s=9e4b520bcc29631d8bfffe4df7add89ac476fbb5

ABOUT POWERBRIDGE

Powerbridge Technologies Co., Ltd., a growth-driven technology company is primarily engaged in SaaS solutions and Blockchain applications. Powerbridge SaaS integrates AI, big data, and IoT offering SaaS platforms for cross-border e-commerce, supply chain, data intelligence, and IoT applications and devices. Powerbridge Blockchain consists of BTC and ETC mining and digital assets, IPFS distributed network services, and industry-specific Blockchain applications. For more information, visit www.powerbridge.com/en.

FORWARD-LOOKING STATEMENT

Certain statements in this press release may constitute "forward-looking statements" within the meaning of the federal securities laws, including, but not limited to, our expectations for future financial performance, business strategies or expectations for our business. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Company cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Words such as "may," "can," "should," "will," "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "target," "look" or similar expressions may identify forward-looking statements. There is no assurance that the supercomputing center will be established as planned, when it will start operation nor any of the planned activities will be implemented by the supercomputing center. Specifically, forward-looking statements may include statements relating to the Company's:

  • ability to execute its business plan;
  • changes in the market for Company's products and services; and
  • expansion plans and opportunities.

These forward-looking statements are based on information available as of the date of this press release and our management's current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but not are limited to, the risk factors described by Powerbridge in its filings with the Securities and Exchange Commission ("SEC"). These risk factors and those identified elsewhere in this press release, among others, could cause actual results to differ materially from historical performance.

Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and you should not place undue reliance on these forward-looking statements in deciding whether to invest in our securities. We do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Powerbridge SEC filings are available publicly on the SEC's website at www.sec.gov. Powerbridge disclaims any obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise.

Powerbridge SEC filings are available publicly on the SEC's website at www.sec.gov. Powerbridge disclaims any obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise.

View original content:https://www.prnewswire.com/news-releases/powerbridge-technologies-enters-strategic-partnership-with-cryptodigital-holdings-to-acquire-bitcoin-and-ethereum-miners-301356633.html

SOURCE Powerbridge Technologies


Palantir Buys bitcoin and gold as Hedge Against ‘Black Swan Event’

https://www.bloomberg.com/news/articles/2021-08-17/palantir-buys-51-million-in-gold-bars-accepts-payment-in-gold

[store] [WTS] 🌎 Space Ship Market 🌎 πŸ”˜ πŸš€ Original Concepts πŸš€πŸ”˜ πŸ’₯ LTI Game PackagesπŸ’₯ πŸ”˜ πŸ”˜ UPGRADES πŸ”˜

[store] [WTS] 🌎 Space Ship Market 🌎 πŸ”˜ πŸš€ Original Concepts πŸš€πŸ”˜ πŸ’₯ LTI Game PackagesπŸ’₯ πŸ”˜ πŸ”˜ UPGRADES πŸ”˜ PayPal, Bitcoin & Ethereum. .

store

Greetings, Dear Friends! πŸ‘‹

I am happy to offer a wide range of ships & upgrades

Will be awesome if you make your RSI verification and get your trade flair.

Payment methods: PayPal, Bitcoin & Ethereum. All fees included.

*** I DO NOT conduct any type of middleman or sales on discord, if someone says otherwise, please bring it to my attention and I will inform the Moderators. ***

If you don’t have an RSI account, you can use this referral code ►STAR-6YWN-DC7G◄ to get 5000 UEC bonus

To contact me click below.

Reddit.

✌ Place an order! πŸ™ƒ

STANDALONE ORIGINAL SHIPS & VEHICLES πŸš€

Original concept ship - OC is a standalone ship which was selling in official store as a concept. Can be reclaimed and bought back. (Buyback) Cross-Chassis-Upgraded ship - CCU is a ship which was made by upgrading cheap original concept ship to the finished ship with upgrades. It can be cheaper than OC. After reclaiming you will get only starter ship in your buy back and all cost in store credits, all upgrades will be lost.

Type Name Insurance Price, $(USD)
Original Concept Apollo Medivac 10y $275
OC Blade 6m $275
OC Caterpillar $
OC Corsair 10y $250
OC Crucible 10y $415
OC Defender 6m $220
OC G12A Origin 10y $75
OC Gatac Railen 6m $225
OC Hercules A2 10y $760
OC Ares Inferno 10y $250
OC Ares Ion 10y $250
OC Khartu-al 6m $180
OC Merchantman 6m $510
OC Nautilus 10y $825
OC Nox 6m $65
OC Perseus 10y $729
OC Polaris 10y $875
OC Prowler 6m $450
OC Ranger TR 10y $55
OC Redeemer 10y $300
OC San’Tok.Yai 6m $220
OC Scorpius 10y $260
OC Talon 6m $115
OC Talon Shrike 6m $115
OC Vulcan 10y $225
OC Vulture 10y $175

GAME PACKAGES

Game Packages requiring referral code: ►STAR-6YWN-DC7G◄ +5,000 UEC bonus

Name Insurance Price, $(USD) Description
Aurorqa MR +SQ42 2Y SC&SQ42, 20k UEC, Self Landing Hangar & 1k UEC

⛔This is not a GAME PACKAGE⛔

Name Insurance Price, $(USD) Description
Fortuna Pack 2951 LTI LTI $500 Crusader Mercury Star Runner, MSR 2951 Stella Fortuna Paint, Tumbril Cyclone MT, Aeroview Hangar, Lifetime Insurance & MSR Name Reservation

πŸš€UPGRADESπŸš€

This is not a standalone ship. You can buy this upgrade target ship, but it will only be applicable on a base ship.

Upgrade From (Base Ship) To (Target Ship) Price $
Vulcan to Andromeda Andromeda
Reliant Mako to Buccaneer Buccaneer $15
Mercury Star Runner to Caterpillar Caterpillar $25
Nova to Cutlass Red Cutlass Red $20
Vulture to Defender Defender $95
Valkyrie Liberator Edition to Genesis Starliner Genesis Starliner $35
Valkyrie to Genesis Starliner Genesis Starliner $30
Constellation Phoenix Emerald to Genesis Starliner Genesis Starliner $75
Argo Mole to Genesis Starliner Genesis Genesis Starliner $100
Cyclone MT to Gladius Gladius $12
Dragonfly to Gladius Gladius $50
Razor to Gladiator Gladiator $20
Perseus to Hercules A2 Hercules A2 $31
Phoenix to Hercules C2 Hercules C2 $20
Starfare Gemini to Hercules C2 Hercules C2 $32
600i to Hercules M2 Hercules M2 $30
Merchantman to Hercules M2 Hercules M2 $40
Hurricane to Ares Ion Ares Ion $25
Corsair to Ares Ion Ares Ion $10
Cutlass Blue to Ares Inferno Ares Inferno
Hurricane to Ares Inferno Ares Inferno $25
Reclaimer BIS to Merchantman Merchantman $108
600i to Merchantman Merchantman $35
Aquila to Mole Mole $7
Carrack Exp x/C8X to Nautilus Nautilus $135
Perseus to Nautilus Nautilus $75
Cutlass Black to Nova Nova Tank $28
Gladius to Nova Nova Tank $40
Carrack to Perseus Perseus $90
Carrack to Polaris Polaris $250
Hammer Head to Polaris Polaris $50
Hercules C2 to Prowler Prowler $79
Corsair to Railen Gatac Railen
Defender to Railen Gatac Railen $20
Freelancer MIS to Railen Gatac Railen $75
Hurracaine to Railen Gatac Railen $55
Ares Ion to Railen Gatac Railen $20
Ares Inferno to Railen Gatac Railen $20
Scorpio to Railen Gatac Railen $20
Terraplin to Railen Gatac Railen $20
Hurracaine to San’Tok.Yai San’Tok.Yai $30
Corsair to Scorpius Scorpius $20
F7C-M Sp Hornet H to Scorpius Scorpius $20
Sabre to Constellation Taurus Taurus $45
F7C-M Sp Hornet H to Vulcan Vulcan $24
Cutlass Red to Vulture Vulture $10

⭐️Instructions: ⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️

You must own a copy of Star Citizen to obtain this digital item. The gifting system requires direct delivery from account to account (e-transfer). Tracking is provided by "Hangar Log" on the RSI website and is available at any time upon request. Please also note you must already have an RSI account in order to claim this item.

In order to complete and verify the transfer, your RSI handle and Email address is required. Please type it in "note to seller" when purchasing.  Your email address and handle name will be copied and pasted the way you typed it so there can be no mistakes by me when gifting your purchase.

You can claim the item by clicking on the link provided in your email sent to you by RSI.  Be sure to be logged into the correct RSI account when you claim the "gift" as it can only be transferred once.   I am not responsible if you the buyer claims the item on a wrong RSI account.

By purchasing this item, you agree that there will be absolutely NO REFUNDS on this item once you claim the package verified by RSI Hangar Log.

Terms & Conditions: ‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️

Item will be delivered within 1 hour (usually much faster) after payment is cleared (items purchased may not be delivered during night time hours 12:00AM - 10:00AM EST. 

Listing prices do not reflect exact melt values.

Some ships may not yet be flyable in game. It will be your obligation to look into what your buying ahead of time. If your item is not yet flyable RSI will give you a "loaner" ship or vehicle in its place until it becomes available.

Loaner Ship Link:

https://support.robertsspaceindustries.com/hc/en-us/articles/360003093114-Loaner-Ship-Matrix

This sale is for non-tangible digital item(s) and cannot be shipped to a physical address.

No returns or refunds as the gifting system only allow 1 time gifting and it will be account bound to the buyer's account. I reserve the right to cancel and refund any items purchased at any time.

Notice:  

I am the owner of the listed item(s), for my authorization to sell ships, packages and items see "Package Re Sale Policy" of game rules. In Buying this item you acknowledge and accept RSI's End User License Agreement (EULA) for Star Citizen / Squadron 42 game. This is a private and occasional sale with no agreed warranty. You can obtain and use said materials listed in this selling but must remember that all items remain the property of Cloud Imperium Games. Star Citizen© 2012-2021 Cloud Imperium Games Corporation & Roberts Space Industries Corp.

Disclaimer:

The game Star Citizen is in alpha development stage and it can contain various errors and bugs (including ships etc.). The seller is not responsible for the mistakes of the game developers. In process of developing the game during balancing process the developers can change at their discretion characteristics of the ships and their complete set (weapons, equipment, modules, etc.) All ships are not guaranteed in game and flyable. Their concepts, interior and exterior may change from the pictures shown. "Loaner" Ships are provided by RSI in the event any ship is still in concept and un-flyable.

Thank you for viewing my listing and see you in the Verse!


Should Warren Buffett Buy Shitcoin?

Should Warren Buffett Buy Shitcoin?

It is an effective way to transfer money, and you can do it anonymously. It is the place where people of less than stellar character see the opportunity to curtail people trying to get rich because their neighbors get rich by buying things and no one around them understands that.

https://www.buyshitcoin.com/

I hope bitcoin will be a better way to do it because you can replicate it in a number of different ways. Depending on a competent marketing and advertising team, you can convince yourself that it is not a shit coin.

Like Ethereum, NEO coins are more of a digital currency that can have a significant impact on NEO price forecasts. This means that a currency can influence the news in a region.

The cryptocurrency debate is about whether a cryptocurrency is a shitcoin or not. Depending on how you are involved in trading and investing in cryptocurrencies, the term "shit coin" may appear on your trip.

Nevertheless, Neo has gone a step further and stated that he wants to work with the Chinese government in the long term, as he has an interest in creating a smart economy.

Buying low and selling high is the motto, but it is difficult to practice this when you have all sorts of other problems that your ego can bring to the surface. It is better to invest in coins with high liquidity, volume and other important fundamentals.

They cannot be reproduced, they cannot be sent to you by cheque, they are not something that you can hope to come back and pay you more money than you have received, and that is the problem. It is the ingenious blockchain that is important, but the unique value of Bitcoins is that they cannot be produced. You can stare at it all day, but very little of it will ever return to us.

The vast majority of new coins are shitcoins and I want to help you to see the difference between real gems and shitcoins. A shit coin is not covered by anything, but only by some other marketing hysteria. A crypto coin is only as valuable as the next one that is willing to pay for it.

I would never have been told anything like that. I would hear the term ubiquitous in the crypto-investor community, solidifying it as the ultimate outcry for long-term supporters of cryptocurrencies "viability. My first thought was that I was going to break Stuart's ass, but then I read the article and realised that "multi-millionaire" means the same as "Pokemon Master" or "Leprechaun.". Cryptocurrencies are now becoming mainstream, and there are over 10,000 different coins that can be traded, and anyone can become a coin billionaire.

I was having lunch with a friend some time ago when the subject of investment came up. He has a full-time job, is an active stock market investor and dreams of starting his own hotel business in Southeast Asia. The idea is to save some money, get a bit of stock on the market and then buy a property.

They placed a pinball machine in front of the back door of his hair salon, which customers could use while waiting for their train. At the end of the first day, Warren came into the store to check on his investments and noticed that he only had 4 five-cent coins. A week later, he emptied the vending machine and produced two identical stacks of small coins.

As most crypto enthusiasts know, Warren B. is not a big fan of Bitcoin. But it would be foolish to reject his maxim on the grounds of ideological differences.

This dilemma leaves the coin well out of the reach of Ireland's Criminal Asset Bureauas. We can only hope that the OAPs who bought physical Bitcoins on Nextdoor have waited long enough to see a hyperbole.

Justin has shown us that he is not the investor of choice and that Mr. Buffet has his own reserves. I agree that you could do much better things with money, but I also know that Warren Buffet is not a technocrat. After a dinner with some of the biggest names who have invested in the space, he and Justin Sun went on to discuss advertising, social media and media in general.

Tron's founder, Justin Sun, has called his own company, TRX, Shitcoin, and has drawn cryptographic criticism since the issue emerged, explaining how it relates to a series of past controversies - at the famous Warren Buffett lunch-turned-dinner. Sun praised the event for the billionaire crypto-skeptic himself, saying Buffett was the owner of Bitcoin (BTC) and gave him 1 BTC ($19,830.30) in TRX.

In a CNN interview earlier this week, the billionaire crypto-skeptic himself said he did not own BTC or any other cryptocurrency and repeatedly reiterated how useless, worthless and used for illegal purposes crypto is in his opinion. It was a pleasant dinner, but his opinion hasn't changed, say critics and Sun guests, and views on crypto haven't changed for him.

According to a person familiar with the matter, some institutions have increased their orders of BB-rated bonds by up to 30% compared to last year. Regulatory filings show that insurance companies such as Manulife Financial Corp and Allstate Corp are among the largest holders of the last fall issued Carvana Cos CCC-rated bonds. In Europe, insurance funds buy up a larger share of the new junk bond issuance allocated to them. Fund managers accustomed to selecting speculative bonds have been reduced by their orders for new bonds in recent months, according to the person who declined to be identified because the information is private.

Central banks have supported financial markets with low interest rates and easy monetary policy. The European Central Bank announced Thursday it would expand its bond-buying program to support the economic recovery.

https://www.buyshitcoin.com/


Is the problem H.C. Wainright?

I have another stock which I recently FOMO bought much the way I bought SRNE last May and have kind of rapidly established a position to near that of my investment in Sorrento. Bitfarms. BITF.

I'm in no way trying to advertise for that stock here but there is something glaring here. H.C. Wainright apparently has a interest in Bitfarms, much as they have in Sorrento. I do not know the exact influence H.C. Wainright has on Sorrento, but I'm guessing it's at least voting rights. I do know H.C. Wainright provided a lot of the fireside chat / conferences / price targets for Sorrento, so there is at least some link there.

What is more interesting is I almost get the impression that H.C. Wainright is in the business of taking companies that are looking for funding, pumping their stock prices up by encouraging the company leadership to make bold claims and/or conferences (i.e. the Vatican conference) - and then using the hype those events create to allow the company to issue ATM offerings, thus the dump part of the scheme. With Bitfarms, their going thing is they use hydro-electric power to mine Bitcoin. So Bitcoin runs, the stock goes up, hits $7, I buy because the consensus online is it will hit $100 if bitcoin hits $100k... and then boom - they today announced they are doing an ATM offering for 1/2 their entire market cap.

I do not know if this is illegal. It sounds to me like it's manipulation at it's finest. I mean if your company only has 2 or 3 analysts following it - they set insane never achievable price targets to make investors think they are getting in at a low price below $20... tell the CEOs to claim they have stuff they do not have - then use your controlling power over the board to encourage diluting the shareholders - I mean to me I see how this works out. It's almost like maybe they are managing the turnaround of various companies this way.

I'm almost thinking that maybe if Sorrento cut their ties with Wainright, maybe we would get a completely different outcome. Or maybe Wainright corrupted the leadership so bad at this point that maybe just maybe we need to oust the CEO to fix this problem?

I'm just really concerned here because I've been holding for 15 months now and it seems we see the same thing happening over and over, almost to the clockwork of a menstrual cycle. Which makes sense too, because it sure bleeds well.


What is DeFi?

https://preview.redd.it/wkobx3jxoyh71.png?width=1200&format=png&auto=webp&s=f724e4f43cb46cf42ca396bd73b90f6451665c06

If we told you that DeFi is one of the most popular trends in the current crypto world, would you believe us?

Read below to discover all you need to know about DeFi.

The meaning of DeFi explained

DeFi is an umbrella term that includes a variety of decentralized financial applications such as, for example, insurance companies, money markets, centralized exchange. It derives from blockchain’s core concept of remomving intermediaries in order to allow users to have direct control over their funds. The absence of a central authority encourages the foundation of multiple decentralized services.

Types of DeFi applications

The most popular DeFi applications typically include:

Decentralized exchanges (DEXs): these exchanges allow users to trade currencies for other currencies, be they U.S. dollars for Bitcoin or TRX for ECN. Each user can exchange coins without having to trust a middleman with his money.

Prediction markets: these markets are places for betting on the outcome of future events. The only difference between DeFi prediction markets and traditional ones is that the formers, while offering the same services and features, do not have intermediaries.

Lending platforms: these decentralized platforms manage lending through smart contracts, allowing for automatically-driven processes.

Stablecoins: a stablecoin is any cryptocurrency that’s tied to an asset that is not a cryptocurrency (for example, euros), in order to stabilize the price.

Yield farming: this is the practice of staking crypto assets in order to earn rewards in the form of cryptocurrency. Yield farming is risky and volatile, but its popularity has literally skyrocketed in recent times.

Most DeFi services run on Ethereum

One of the most popular platforms to run DeFi services is Ethereum, which allows you to write decentralized programs, also known as Dapps. On Ethereum you can write automated code, called smart contracts, whose job is to manage the financial services according to the rules you determine. Remember that, once you write the rules, you will no longer have control over them, as they are immutable.

Find a stable currency

Once you have your financial infrastructure, you need a currency to operate in it. Beware that not all currencies are compatible with a certain platform. And if you choose Ether or Bitcoin, you have to keep in mind they are quite volatile currencies. You may prefer finding a stablecoin. These currencies are pegged to the value of a fiat currency, like Euros or the US dollar. They are decentralized, trustless and cannot be shut down. A famous stablecoin is DAI.

In the future

Many experts agree that DeFi is the future of finance. It is indeed a young industry that has miles to go before being considered fully developed. That means that regulation of DeFi is minimal.

https://e-oracle.com/?ltclid=1bac7a8d-37b4-4eda-94c3-0ef1ff7d0b2b


6 questions to understand the largest of cryptocurrencies, how it works and why it is dangerous

When Tesla CEO Elon Musk announced in a February tweet that he had bought $ 1.5 billion worth of bitcoin and planned to accept it as a form of payment, the price of the cryptocurrency skyrocketed.

And when Musk himself said in a tweet on Wednesday that he will not accept bitcoins from those who want to buy his cars, his price plummeted to 15%.

If a single tweet can make its price rise or fall suddenly, it is surely a volatile asset that its detractors liken to a grand ponzi scheme and see a bubble on the verge of bursting.

But bitcoin has historically only scaled, according to its proponents, in four-year cycles. The last of these cycles peaked in December 2017, when it reached $ 19,600. A year later it bottomed out at $ 3,000.

This 2021 is the fourth year of the next cycle and that explains, according to its followers, the spectacular rise that, not without strong surprises, has made it the most profitable investment: it reached US $ 64,800 in April.

  1. What is

Bitcoin is a type of cryptocurrency, that is, a digital currency that can function as a medium of exchange and that its promoters use as a store of value.

It does not exist physically, nor is it controlled by any country. It is virtual money whose price is constantly changing, as occurs with other currencies such as the dollar or the euro.

The big difference is that the price of cryptocurrencies is much more volatile and, since there is no body that controls them, it goes up and down in relation to how the market moves.

It can be used to buy products or as an investment instrument, although it is not available in all countries.

Like all cryptocurrencies, bitcoin is used to make quick payments and avoid transaction fees.

  1. How it works

Each bitcoin contains a code that is stored in a "digital wallet" or digital wallet, on a cell phone or on a computer, with "private keys".

People can send or receive bitcoins (or parts of a bitcoin) from other individuals or companies.

In general, cryptocurrencies are based on a decentralized network of computers that has nodes spread all over the world with copies of all the transactions that have been carried out.

This network is called a "blockchain" or chain of blocks. These blocks or nodes are linked and secured using cryptography.

When you make a transaction, its data is recorded in a block, and it is automatically replicated in the rest.

Bitcoin and each of the digital currencies work with their own algorithm, which allows managing the number of new units that are issued each year.

  1. How to get a bitcoin

There are three great ways:

- You can buy a bitcoin (or a portion of the currency) using money. Many people download applications on their phones that allow them to buy bitcoin using the funds in their bank account.

- You can sell things and allow people to pay you with bitcoins.

- Or you can create them through a process known as bitcoin mining. Those who engage in these activities are called miners.

The miners work with very powerful computers that operate through an automatic reward system that rewards people who confirm the transactions of the users that make up the network.

  1. What is the origin

In early 2009, an anonymous programmer or group of programmers under the pseudonym Satoshi Nakamoto published an article referring to bitcoin as a new decentralized transaction system.

After developing the necessary technology to make bitcoin transactions possible, in 2011 the cryptocurrency code and the domains of the web pages were distributed among several members of the new community created around the digital currency.

However, there is little information about the events that allowed the development of the currency and what is available does not come from reliable sources.

Bitcoin is recognized as the first digital currency on the market and the one with the highest price in the market.

  1. Why is there a boom

The growing interest of large investors and individuals in buying bitcoin has accelerated in the last couple of years.

Before, cryptocurrencies were considered platforms used exclusively by organizations linked to international crime to carry out their illegal transactions anonymously.

Governments, central banks, economists and a good part of investors have opposed a network that is not under the control and supervision of any kind of authority.

However, as large companies have opened their doors to it, as well as venture capital funds are investing in the currency, the rest of the investors and the common people have begun to lose distrust.

And with the development of applications that allow buying and selling bitcoin in a couple of minutes from the cell phone, the adoption of the cryptocurrency has intensified.

So far in 2021, the price of bitcoin has followed an upward curve, despite permanent warnings from authorities who assure that the currency is a bubble that will burst at any moment.

  1. What is the risk

The main risk is that it is a financial bubble that ends up ruining all those who deposited their "real money" in a virtual currency that is not backed by any institution.

In the same way that no one "owns bitcoin", neither is anyone responsible.

That is why the presidents of the central banks of the great powers constantly tell people not to invest their funds in cryptocurrencies because they will end up "losing all their money".

Its detractors say that it has no intrinsic value, but those who defend it say that its value is determined by a social consensus, as is the case with paper bills.

One of its staunchest critics is the renowned economist Nouriel Roubini, who refers to bitcoin as "shitcoin" (a kind of shit coin).

There are also reports of scammers who prefer to carry out their operations using bitcoin or other cryptocurrencies because the payments are irreversible.

And if the company that stores bitcoin closes its operations or suffers a cyber attack, the money will most likely disappear like smoke.

There are no guarantees. Therefore, experts say, whoever invests in bitcoin must be willing to lose their money in case things go wrong.


BTC market cycle theories explained for beginners

For this topic I will be covering various market cycle theories surrounding the Bitcoin market cycle. Hopefully this will educate the newer crypto investors amongst us with an insight into the different thought processes amongst various investors and traders about how the BTC cycles occur and whether it can help predict future movements and length of cycle time.

As promised u/Alles_Klar & u/MedicalCondition3049 here is the post

If anyone is interested in previous past posts please see:

  • Fundamental Research on projects: here
  • What is a cryptocurrency wallet: here
  • Staking: the concepts of PoS: here
  • What is the blockchain: here
  • Trading strategies: here
  • Fundamental analysis: here
  • Sentiment analysis: here
  • Mobile device security education for crypto: here
  • The smart money market cycle: here
  • Lump sum vs Cost averaging: here
  • Arbitrage Explained: here
  • Dusting attacks explained: here
  • Liquidity Pools Explained: here
  • ETH London Hardfork Explained: here
  • Defi hacks and exploits explained: here
  • Smart contracts explained: here
  • BTC Halving Explained: here
  • Analysis on the $600 million theft: here
  • Inflation vs deflation: here
  • Cryptographic hashing for the blockchain. What is it?: here
  • Longs vs Shorts, leverage, margin and liquidations explained for beginners: here
  • Type of orders for beginners: here
  • ETH gas explained for beginners: here

BACKGROUND

With BTC still being a relatively young emerging asset many have looked at its lifespan and tried to look for correlation to determine whether BTC has a predictable and time scheduled bull and bear market. Just like anything there will always be different interpretations and theories surrounding a subject. In this case we’ll be talking about the different suggested Bitcoin market cycles. Now a model or theory may not necessarily tell you exactly what will happen, but it can be useful to give you an indication on what could happen.

SUPER CYCLE THEORY

The super cycle theory is most likely the most bullish theory there is out there. The theory suggests that not only is the market different with institutional money flowing into the market but also the actual crypto space is different with increasing adoption around the world. This theory suggests that historical data cannot be taken into consideration for the current state of the market as the market now has grown exponentially.

It suggests that Bitcoin would likely break away from prior market behaviours and will turn into a multi year to a decade long bull run where the trend is in a continuous uptrend without the historical large bear market crashes or prolonged re-accumulation phase.

STOCK TO FLOW MODEL

Stock to flow ratios are used to evaluate the current stock of a commodity (total amount currently available) against the flow of new production (amount mined that specific year). If the ratio is higher it means it is more scarce. Plan B utilised this to formulate a model using BTCs known halving schedules, predictable supply and maximum supply to calculate the likely price movements of BTC within the future. This model is a bit more conservative compared to the S2FX asset model, but the S2F has historically been accurate to a relatively high degree. The model shows the timeline of Bitcoins expected prices as it trends upwards.

Model can be found here: here

STOCK TO FLOW X ASSET MODEL

This is a continuation of the original S2F model but time is removed and replaced with assets like silver and gold which enables valuations across the different assets. It also has a visual way to show BTC heading towards the $10 trillion target for the market cap of gold. This model is a bit more bullish on price compared to the original S2F.

Here is an article written by Plan B discussing the model: here

Model can be found here: here

FOUR YEAR CYCLE MODEL

There’s a many ways this is interpreted but is generally categorised in two ways. This model is either based off the market top or the market bottom. The jist of the market top four year cycle is that BTC will always top out at the end of year of that cycle followed by a 80% correct for BTC and 90-95% correction for Altcoins and that the 2011 run up should be voided because it was before the 1st halving event.

The alternative is the four year cycle is based off the market bottoms after the blow off top and again followed by a 80% correction. The market goes through the psychological stages into the bear market and eventually will bottom out as the accumulation phase sets back in. This is where they would consider the bull market to start in theory despite it being a very slow trend upwards, then the BTC halving occurs and supply shock sets in and eventually the run up to the main bull market begins. This model would suggest the market would top out in the last Q4 of 2021.

FOUR YEAR CYCLE WITH DIMINISHING RETURNS

This model is the same as above but the difference is the theory suggests each cycle will lead to less volatility and less returns of investments. This is suggested due to the fact that over BTCs price history each bull run despite being higher in dollar value, the actual percentage for returns is less than the previous cycle. This model would suggest the market would top out in the last Q4 of 2021.

BITCOIN GOLDEN RATIO

This is similar to the four year market cycle or can just be another interpretation of it but takes into consideration the market tops, bottoms and halving events to be able to identify the bear market, bull market and exact length of the bull market. This is done through a 51%-49% ratio being 51% from the market bottom to the halving date and the 49% from the halving date to the top of the market. This model would suggest the market would top out in the last Q4 of 2021.

Here is a TradingView link to the theory: [here](www.tradingview.com/chart/BTCUSD/QBeNL8jt-BITCOIN-The-Golden-51-49-Ratio-600-days-of-Bull-Market-left/%3famp)

LENGTHENING CYCLE MODEL

This model and theory is that each bull run has been slightly longer than the previous one based off the time from the market bottom to market top, therefore, this trend would likely continue with the current bull run continuing into 2022 or until 2023 and leading to a higher price of BTC than the four year model would suggest but would still likely have diminishing returns when compared to previous cycles or there could be non diminishing returns and the returns will be exponentially higher.

SUMMARY - WHAT DO I THINK

All these models and theories have valid areas to take into consideration and to monitor, or at a minimum be educated and aware of. I believe we are still relatively early to understand whether any of these models are accurate as more data points will need to be collected. We have had only 3 halvings worth of data after all and a limited number of ATHs. No one necessarily knows exactly what will happen in the market, there’s external factors that models just cannot take into consideration for future projections, however, it can give an insight into future possibilities. It’s important to be aware of other theories and opinions though as it challenges our own beliefs. I am open and aware of all these theories and will follow them as more data is collected and they progress through time. It’s certainly notable how the halving does cause a supply shock but my personal way of judging market cycles is through market psychology which I covered in the smart money cycle post, it’s what’s worked best for me and I use this on a regular basis, but that’s just wait I believe in.

As always any topics you want covered just let me know. The following are topics I have on my list:

  • Seed phrases: BIP39 explained for beginners
  • Lending and borrowing in defi explained for beginners
  • Yield farming explained for beginners
  • BTC dominance explained for beginners
  • Why time in the market beats timing the market: an analysis for beginners
  • The technicals behind NFTs explained for beginners
  • APR vs APY

If you have some free time, read Bitcoin's 'Peer-to-Peer Electronic Cash System' paper by Satoshi Nakamoto. It beautifully captures the reason the blockchain was created and explain it better than anything else. Link in the description.

I'll share the Abstract here as it truly beautiful to read how a revolution started. Here's the link to the paper.

Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone.


Π’Ρ‚ΠΎΡ€Π½ΠΈΡ‡Π½Ρ‹ΠΉ Π²ΠΈΠ΄Π΅ΠΎ-Π½Π°ΠΏΠ°Π»ΠΌ...

А. Π‘ΠΎΡ‚Π½ΠΈΠΊ: Π’ΠžΠ—Π ΠžΠ–Π”Π•ΠΠ˜Π• Π’ΠΠ Π’ΠΠ ΠžΠ’

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Cryptocurrencies and Mutual Aid

As someone that has been, admittedly cursorily, into the crypto scene since John Robb first talked about using cryptocurrencies as a means of commerce between resilient communities. While his particular brand has taken a lean to the right, it's important to consider that his role as a thought leader in decentralized communities in a post-collapse world has not gone unnoticed by those that lean hard to the right. All one needs to do is see his works cited on the various Q media circles to see as much.

The point is, the right has been getting its shit together on this front and the left needs to as well. In the event of collapse cryptocurrencies aren't going anywhere. And while alt-right mouth pieces have been resorting to the technology for funding after being de-platformed, communities are going to need to do the same in the eventuality that fiat gets dethroned.

I'm not sure what exact discussion I'm trying to start or have here, but I feel like there's one that needs to be had. Thank you for your time and input.


Bitcoin, will be as evolutionary as the internet...

The internet is the world’s most popular computer network. It began as an academic research project in 1969, and became a global commercial network in the 1990s. Today it is used by more than 2 billion people around the world.

Bitcoin is a cryptocurrency, a digital asset designed to work as a medium of exchange that uses cryptography to control its creation and management, rather than relying on central authorities.The history of bitcoin started with the invention and was implemented by the presumed pseudonymous Satoshi Nakamoto, who integrated many existing ideas from the cypherpunk community. Over the course of bitcoin's history, it has undergone rapid growth to become a significant currency both on- and offline. From the mid 2010s, some businesses began accepting bitcoin in addition to traditional currencies.

Jump ahead to....

2021

In June 2021, the largest bitcoin event in history took place in Miami, attracting approximately 15,000 bitcoin enthusiasts.

On 1 June 2021, El Salvador President, Nayib Bukele announced his plans to adopt bitcoin as legal tender, this would render El Salvador the world's first country to do so.

On 8 June 2021, at the initiative of the president, pro-government deputies in the Legislative Assembly of El Salvador voted legislation—Ley Bitcoin or the Bitcoin Law—to make Bitcoin legal tender in the country alongside the US Dollar.

I believe by the year 2030 crypto will be as big as the internet as it is getting much more usefull and watching this develop is amazing,it wasnt that long ago the internet was just a thought that public didnt believe in...

This goes for all crypto i just used bitcoin as an example.


MacaronSwap IFO: Duel Network | The Unique Farming Game

August is hot!πŸ”₯

MacaronSwap introduces the first-ever IFO hosted on the platform: Duel Network.

https://twitter.com/macaronswap/status/1427647940655554565

https://preview.redd.it/9vhb19a7rxh71.png?width=875&format=png&auto=webp&s=d29023c56d57d2b3710726865e0f50be5ca98a4b

IFO Details

The sale on MacaronSwap will be FCFS(First Come, First Served), and you’ll be able to buy with your MCRN-BNB LPs. Every participant will need to have 1 exact MCRN in their wallet. Users need to burn 1 MCRN to activate the contract. The surprise is $150,000 worth of $MCRN will be sent to burn at the end of the sale!

Please see the details below for more info.

IFO Date:

30th of August

IFO $DUEL Sale Price:

$0.075 per $DUEL

IFO Total $DUEL Amount/Total Raise:

3,999,999 $DUEL / $300,000

IFO Min/Max Contribution:

$10 MCRN-BNB LP / $1,000 MCRN-BNB LP

IFO Vesting Schedule:

20% initial unlock, 20% release per month for 4 months

Magic Box — Choco Falls Details

There will also be a DUEL-BNB farm after IFO, users will be able to stake their DUEL-BNB LPs and earn tasty MCRNs for 1 whole year!

Of course, MCRN holders will win DUEL rewards too! There will be a STAKE MCRN — EARN DUEL Choco Fall for you to stake tasty MCRNs and earn DUEL rewards for 2 months.

$DUEL Details

Maximum Supply of $DUEL:

20,000,000 $DUEL

Circulating Supply at Listing:

1,288,888 $DUEL

Market Cap at Listing:

$100,000

Liquidity:

50,000$ worth of BNB & 50,000$ worth of $DUEL
Totally 100,000$ liquidity will be on PancakeSwap.

Listing Price:

$0.08 per $DUEL

Project Wallets:

DEX & CEX Liq: 1,000,000 $DUEL

Team: 2,222,222 $DUEL (%10 initial unlock, %10 release per month for 9 months)

Marketing: 2,222,222 $DUEL (%10 initial unlock, %10 release per month for 9 months)

Strategic Wallet: 2,222,222 $DUEL (%10 initial unlock, %10 release per month for 9 months)

Staking & Airdrop: 2,333,333 $DUEL (%10 initial unlock, %10 release per month for 9 months)

Website: https://macaronswap.finance

Docs: https://macaronswap.com

Twitter: https://twitter.com/macaronswap

Telegram: https://t.me/MacaronSwap

Medium: https://medium.com/macaronswap

About Duel Network

https://preview.redd.it/y1m65i2crxh71.jpg?width=700&format=pjpg&auto=webp&s=6493a3739ae5ff31eebabbbca95b14bb543d1cb2

Duel Network is a gaming token on Binance Smart Chain with several impressive features. It is a gaming token where you can play events that are suitable for voting, such as politics, finance, state elections, especially sports.

The most important feature of Duel Network is that you never lose. You will be able to do farming by entering pools through preferences and voting without losing your capital.

TLDR;​

  • Duel Network (DUEL) — is a gaming token on Binance Smart Chain with several impressive features.
  • Competitive Farming
  • %99 Payout voting
  • Lottery
  • %0.5 Affiliate fee
  • %0.5 fee on rewards to developer wallet
  • Duel Network only supports MetaMask & TrustWallet
  • Staking
  • Gaming NFT
  • Sustainable token economy

User Experience for Companies

Thanks to Duel Network, companies will be able to choose the best product experience for themselves by using the preference survey pools they have created. Duel network users who participated in this survey will also be able to receive rewards.

For example, if the company is stuck between option A and option B, it will create two pools in option A and option B and allow 1 month. If there is more participation in Pool A, Pool A will win. The total reward of pools A and B will be distributed to pool A.

Competitive Farming

Duel Network will allow you to play for the first time without losing your capital. Thanks to Competitive Farming, if you play on a match and you lose, you will only lose your bi-weekly pool reward. Your LPs will remain with you. If you win, the reward of the other pool will be distributed to your pool. The non-favorite team/person will have higher APRs.

For example, let’s consider the final of the Euro 2020 championship, two pools named Italy and England will be opened with an equal multiplier. Since there is no bookmaker in the system, the system will work naturally. The favorite team’s pool will have a lower APR, while the non-favorite team will have a higher APR.

For example,2 groups predict bitcoin’s weekly candle forecast at $40,000 above and below, Main LP fund will not be lost in either group.
Only the loser’s farm pool reward will be added to the winner’s farm reward.

In this way, perhaps for the first time in the world, we will create a voting system with a 99 percent payout. (0.5 percent of each pool reward will be sent to the developer wallet as a developer fee and 0.5 percent reward will be sent to affiliate wallets.)

Digital Product Ratings

The DUEL token will not only be used for farming and gaming but also various events. One of them is Digital product rating. DUEL Holders will be bounty hunters by participating in various rating events and can win DUEL rewards.

Staking

Members can stake $DUEL to earn $DUEL on the Duel Network platform, members can evaluate their competitive farm rewards for the stake.

Lottery

One thing Duel Network is planning to bring will be the lottery system. The DUEL pool collected with the lottery to be organized every week will be given to the lucky people. If there is no winner in Lottery, this pool will be sent to the burn address.

Affiliate

Duel Network will have an affiliate system. If you send a ref link to your friends and put them in the system, a certain percentage of the prizes they win will be sent to your wallet in each prize distribution. In this way, you will be able to win together with your friends.

Website: https://duel.network
Twitter: https://twitter.com/duel_network
Telegram: https://t.me/duelnetwork
Telegram Chat: https://t.me/duelnetwork_chat
Medium: https://medium.com/@duelnetwork


Will Coinbase stock listing reflect on crypto market ?

As some articles report: "The Coinbase IPO is potentially a watershed event for the crypto industry and will be something the Street will be laser-focused on to gauge investor appetite," Wedbush analyst Dan Ives wrote in a note to clients. "Coinbase is a foundational piece of the crypto ecosystem and is a barometer for the growing mainstream adoption of Bitcoin and crypto for the coming years."

Do you think this will move small stock investors toward crypto?


Cardano Rumor Rundown August 17, 2021

Hey Everyone!

Let's go...

Newly covered today:

  1. Looks like 40% of crypto holders in Singapore have Cardano according to the Gemini 2021 Crypto in Singapore report. https://www.gemini.com/state-of-sg-crypto
  2. The Wyoming Blockchain Stampede will be going on at the same time as the Cardano Summit and in the preceding days. If you’re going to Wyoming, you may consider attending both. https://twitter.com/CaitlinLong_/status/1427316556476866561
  3. Apparently a “huge increase in user base” is responsible for the Yoroi downtime. That doesn’t sound all bad! https://twitter.com/YoroiWallet/status/1427283658432417794
  4. The Plutus Mainnet Candidate has been released to the Node Team. https://twitter.com/InputOutputHK/status/1427359174220996612

Previously Covered but still interesting:

  1. 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
  2. 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
  3. 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
  4. 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
  5. Ben O’Hanlon sets the record straight on developer interest in Cardano. https://twitter.com/benohanlon/status/1412136150404370432
  6. As always, Cardano is straight killing the competition in terms of assets staked. https://twitter.com/StakingRewards/status/1412389781003194395
  7. 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
  8. 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
  9. Cardano Gainz Calculator now has a graph showing 10 year growth. https://twitter.com/lesquive1/status/1413249312465866757
  10. 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
  11. Great new interview with World Mobile’s Mickey Watkins, Charles, and John O’Connor. https://youtu.be/WSSpI8Rtif0
  12. This infographic shows just how big the Cardano DeFi space is getting. https://twitter.com/BPE_Crypto/status/1413973912396963840
  13. This infographic shows just how much DeFi volume is out there for Cardano to steal. https://twitter.com/Coin98Analytics/status/1413514041029394439/photo/1
  14. There is a new stakepool explorer available. https://www.cardanoworld.io/
  15. 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
  16. 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
  17. The Cardano Foundation’s Cardano Developer Portal is now up and running. https://twitter.com/CardanoStiftung/status/1414640913612255234
  18. Prime Minister Abiy Ahmed’s party has won re-election in a landslide election. https://www.bbc.com/news/world-africa-57791868
  19. 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
  20. Cardano is still destroying everyone in terms of value staked! https://twitter.com/StakingRewards/status/1414895205384327168
  21. The Cardano ecosystem maps keep getting bigger and more complicated. https://poolg.de/Eco/CardanoEcosystemMap.html
  22. 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
  23. We experienced a successful fork to the Alonzo White testnet! https://twitter.com/InputOutputHK/status/1415399456841863177
  24. Very serious accusations are laid out against the Meld project. https://twitter.com/Bobme808/status/1415283648438358016
  25. 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
  26. IOHK releases a paper on a crypto-backed algorithmic stablecoin. https://twitter.com/IOHK_Charles/status/1415531260470972423
  27. 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
  28. Always the GitHub activity champs! https://twitter.com/ProofofGitHub/status/1416065097794002946
  29. We are now seeing the advent of a so-called “Fair Initial Stakepool Offering”. https://twitter.com/MinswapDEX/status/1416110973690122240
  30. The weekly development update is out. https://roadmap.cardano.org/en/status-updates/update/2021-07-16/
  31. 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
  32. 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
  33. Liqwid says it is on target to be live on day 1 after the Alonzo hardfork combinator event. https://twitter.com/liqwidfinance/status/1416363542975074305
  34. 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
  35. The IOHK mid-month development update for July is out and available for viewing. https://youtu.be/U9K-8jILGcg
  36. Apparently “unsigned Phalices” are a thing in the Cardano ecosystem now. https://twitter.com/unsigned_algo/status/1416909454100992000
  37. 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
  38. 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/
  39. 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
  40. 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 used for KYC/AML. https://twitter.com/Wiiinnie/status/1417575921565978628
  41. 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
  42. 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
  43. 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
  44. 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/
  45. IOHK has released its Conclave paper on collective stakepools. https://eprint.iacr.org/2021/742.pdf
  46. Here’s the IOHK Development Update for July 23! https://twitter.com/InputOutputHK/status/1418635822987943939
  47. Cardano received some coverage in the Motley Fool as an eco-friendly crypto! https://www.fool.com/the-ascent/cryptocurrency/articles/4-eco-friendly-cryptos-you-should-know-about/
  48. Big lesson for future Cardano DeFi projects: Uniswap Labs just had to censor the Uniswap UI to ban synthetics of underlying securities. Bucket shops have been around for 150 years and illegal for 100 years. It turns out that you can’t do it in crypto either. https://twitter.com/Uniswap/status/1418697012095164420 https://twitter.com/haydenzadams/status/1418961999539712006
  49. Check out this new video of the World Mobile Team on the ground in Zanzibar. Doesn’t this feel like a better mission for our ecosystem than DeFi? https://twitter.com/WorldMobileTeam/status/1419051567878221828
  50. Reports are coming in that Amazon plans to integrate Bitcoin, Cardano, ETH, & BCH in the very near future. This has apparently been a work in progress for several years. https://www.cityam.com/amazon-definitely-lining-up-bitcoin-payments-and-token-confirms-insider/
  51. Adam Dean brings us open source code to accept ADA in your Woo Commerce store. https://twitter.com/adamKDean/status/1419495005983371264
  52. Weiss Crypto has very good things to say about Cardano. https://twitter.com/WeissCrypto/status/1419685634566938634
  53. Check out this new bot that tweets every time it discovers a Cardano Giveaway Scam! The tweets show ISP and geolocation info for the scammers. Follow this bot and report the scammers! Brought to us by @nicknikiforakis. Thanks for building this, Nick! https://twitter.com/CardanoPhishing
  54. The regulatory purge of stablecoins is getting into full swing now with Bloomberg running a piece on a DOJ criminal probe of the Tether founders. Of particular note for the Cardano ecosystem is that the first attack surface for regulators is the relationship of the stablecoin with legacy banking institutions. This is something that Cardano ecosystem stablecoin, Djed, may already fix with its own crypto backed reserve system. https://www.bloomberg.com/news/articles/2021-07-26/tether-executives-said-to-face-criminal-probe-into-bank-fraud?srnd=economics-vp
  55. Nami Wallet now allows you to mint NFTs for no extra fees (only Cardano network fees) inside the wallet. https://twitter.com/NamiWallet/status/1420031000017608717
  56. More pressure for Crypto regulation is coming to bear today in the U.S. This time it comes in the form of a letter from Senator Elizabethe Warren to Treasury Secretary Janet Yellen (in her position as Chair of the Financial Stability Oversight Council which brings together 10 different financial regulators including the SEC, CFTC, and the Federal Reserve). The letter was sent after a Senate Banking Committee hearing titled “Cryptocurrencies: What are they good for?” https://www.cnbc.com/2021/07/27/elizabeth-warren-presses-yellen-financial-regulator-to-manage-crypto.html
  57. Stephen Wolfram does the first NFT liveminting event where he creates NFTs of cellular automata from the computational universe while live on stream. The first two created were “Crashing Waves” and “Down Arrows”. https://twitter.com/IOHK_Charles/status/1420087229104283656
  58. A new Cardano NFT Marketplace is now live and receiving a lot of attention. https://twitter.com/CNFT_IO/status/1419655915226152961
  59. Project Catalyst now has 30k members! https://twitter.com/InputOutputHK/status/1420474342253678599
  60. Emurgo has released an article about what we can expect from the Yoroi dApp Connector. https://emurgo.io/blog/emurgo-is-thrilled-to-announce-the-yoroi-dapp-connector
  61. Reports are coming in that the new bipartisan Infrastructure Bill contains new provisions that might require a whole host of actors within crypto ecosystems like Cardano to report transactions over $10k. https://www.coindesk.com/new-infrastructure-bill-looks-to-raise-30b-through-crypto-tax https://www.marketwatch.com/story/crypto-allies-rally-against-ignorant-new-tax-rules-in-bipartisan-infrastructure-deal-11627578844 https://twitter.com/jerrybrito/status/1420724068286926853
  62. But this bill is an even bigger deal. If passed as-is, we can probably say RIP to the Wild West Era of crypto (2009-2021). https://beyer.house.gov/news/documentsingle.aspx?DocumentID=5307
  63. The July Cardano 360 can now be viewed on Youtube. https://youtu.be/AG5DspF9tuA
  64. John O’Connor was on SkyNews discussing the Ethiopian Ministry of Education project! He stressed that this was not a profit center for IOHK, and had a chance to refute the “crypto colonialism” strain of thought. https://vimeo.com/581137605
  65. We are kings of the github commits once again! https://twitter.com/ProofofGitHub/status/1421138529908842502
  66. The differences between the currently dominant smart contract blockchain and Cardano’s upcoming smart contract architecture keep getting highlighted by dramatic failures of the former. https://twitter.com/WeissCrypto/status/1421064543900418048
  67. Don’t forget that registration for the Cardano Summit is live. https://summit.cardano.org
  68. In case you missed the July Cardano 360 and don’t have a lot of time. Here is the always great Cardano 360 Mini! https://twitter.com/InputOutputHK/status/1421803459997835266
  69. Reports are coming in that we’ve got final language from the crypto tax reporting piece of the Infrastructure Bill. It’s better but not great or even good. https://twitter.com/jerrybrito/status/1422002228102107142
  70. The Charles AMAs returned on August 1 after a brief break. https://www.youtube.com/watch?v=yKY6VwVq02s
  71. A quarter million votes were cast in Catalyst Fund 5 voting! Apparently, this is over 10x what we saw in Fund 2. https://twitter.com/danny_cryptofay/status/1422253955816505345
  72. Here’s a very good read on one vision for prosperity via CBDC and how such a currency should interact with existing blockchains like Cardano. https://twitter.com/RealNatashaChe/status/1422270993498705921
  73. Cardano has been listed by Bitpoint in Japan! https://www.bitpoint.co.jp/news/info/info-2021080301/
  74. Senators Wyden and Toomey are trying to fix the crypto provisions in the Infrastructure Bill! https://www.bloomberg.com/news/articles/2021-08-03/crypto-rules-in-infrastructure-bill-eyed-for-bipartisan-rewrite
  75. SEC Chair Gensler gave another speech strongly signaling that a lot of stablecoins, lending platforms, synthetics platforms, and other DeFi projects are probably non-compliant in the eyes of the SEC. I would heed this warning very carefully if I were one of those projects. https://www.sec.gov/news/public-statement/gensler-aspen-security-forum-2021-08-03 https://www.youtube.com/watch?v=tusQLLCgrDs
  76. The Yoroi Wallet is already making improvements in preparation for the dApp Connector release! https://twitter.com/YoroiWallet/status/1422905221793996809
  77. We’re now up to 5 different states that are getting after BlockFi for their crypto lending activities. Reportedly, this includes New Jersey, Vermont, Alabama, Kentucky, & Texas. Probably relevant for those building lending solutions on Cardano. https://www.coindesk.com/blockfi-receives-fifth-cease-and-desist-from-kentucky-financial-regulator
  78. Charles dropped an update to let us know that Light Purple Alonzo will come next week. That will bring in exchange partners. Mid-month there will be an update with official dates given for a primary date and a fallback date for triggering the hardfork combinator event. The fallback date will likely be one epoch (five days later). Part of this depends on how the exchange partners are doing with their integrations. Charles says it looks like late August or the first week of September. There will be a live HFC party where they will deploy “some things” minutes after the HFC. The Plutus Application Backend (PAB) might be integrated on something like September 10th. https://www.youtube.com/watch?v=8y261_eImsE
  79. Cardano’s closest competitor, Ethereum, carries out it’s EIP-1559 London Fork which creates a new transaction fee scheme including some burning of fees and a more predictable base fee with an additional tip option on top. While the long term impact is unclear, the immediate aftermath of the fork seems to be even higher fees. We’ll see if this is just due to high transaction volume at the moment. Of course, part of this is already solved by Cardano’s deterministic fee system enabled by its local state as opposed to the global state in the Ethereum system. https://twitter.com/Birdson64827145/status/1423324771303972867
  80. Senators Toomey, Wyden, & Lummis took to the Senate Floor to plead for a vote on their amendment which would fix the overly broad crypto tax reporting provisions in the Infrastructure Bill. https://twitter.com/jerrybrito/status/1423381402905726983 https://twitter.com/jerrybrito/status/1423413806634577922
  81. The Toomey, Lummis, Wyden Amendment was then challenged by a competing amendment from Senators Warner, Portman, and Sinema which only excluded proof-of-work block validators and sellers of wallets from the tax reporting requirements. This terrible competing amendment was then immediately endorsed by the White House. This is a serious danger to our industry! Please call your Senators and ask them to support the Toomey/Wyden/Lummis Amendment! https://twitter.com/jerrybrito/status/1423429377459736577 https://twitter.com/WardDPatrick/status/1423464991441702912
  82. Charles announces the Alonzo Purple testnet is out! Many new segments of partners and others will be onboarding with availability to any developer soon! https://twitter.com/InputOutputHK/status/1423704788512952331 https://www.youtube.com/watch?v=ZTExHbqVHAM
  83. It turns out that Janet Yellen lobbied lawmakers on Thursday against the Wyden-Toomey-Lummis Amendment according to the Washington Post. https://www.washingtonpost.com/politics/2021/08/06/crypto-bitcoin-infrastructure-senat
  84. Check out this awesome “12 Facts” style article about Alonzo from Sebastien Guillemot form dcSpark. https://medium.com/dcspark/do-you-know-what-is-included-in-cardanos-alonzo-hardfork-changes-96cde16a8305
  85. Senator Warner made not one but two revisions to his amendment to the crypto provisions in the Infrastructure Bill. Both revisions were good for Cardano since they included proof-of-stake implicitly and then explicitly. https://twitter.com/jerrybrito/status/1424040216961114112 https://twitter.com/jerrybrito/status/1424074177770921992
  86. Both Gene Simmons and Ted Cruz came out in support of the competing Wyden-Lummis-Toomey Amendment to the Infrastructure Bill. Gene Simmons has previously revealed his Cardano purchases. https://twitter.com/tedcruz/status/1424097173172637697
  87. After the Senate called it a day on the Infrastructure Bill Amendment debate, it sounded like there might have been some dealmaking going on among Wyden, Portman, Warner, and Toomey. The Senate will be back at it tomorrow at Noon. https://twitter.com/mikedebonis/status/1424143941914566659
  88. No agreement on an amendment to the crypto tax reporting provisions of the Infrastructure Bill materialized today. https://twitter.com/jerrybrito/status/1424543439396429828
  89. Senator Lummis (a co-sponsor of the proposed crypto-friendly Toomey-Lummis-Wyden Amendment) is holding out hope that they may be able to get a vote on amendments tomorrow. https://twitter.com/SenLummis/status/1424556793506635776
  90. Charles is already planning a strategy for dealing with the bill once it’s in the House of Representatives. https://twitter.com/IOHK_Charles/status/1424561446973628421
  91. Very action packed day today (Aug 9). The Toomey-Lummis-Portman-Sinema came together and proposed a compromise amendment to the crypto tax reporting provisions in the Infrastructure Bill. They were not able to include any section for exclusion of developers from the “broker” definition but did cover the previous progress on transaction validators and wallet sellers. https://twitter.com/SenToomey/status/1424777137500864513
  92. Toomey-Lummis-Portman-Sinema sought the required unanimous consent, but their attempt was thwarted by a disagreement over $50 billion in defense spending. https://twitter.com/jerrybrito/status/1424832132204138503
  93. Several co-chairs of the Blockchain Caucus have already written a letter to all the members of the House of Representatives letting them know of the dire need to fix these crypto provisions once the bill hits the House. https://twitter.com/RepTomEmmer/status/1424845416697323522
  94. There’s a new CIP to create an off-chain metadata standard from Matthias Benkort, Michael Peyton Jones, and Polina Vinogradova. https://twitter.com/_KtorZ_/status/1425162918363111425 https://github.com/cardano-foundation/CIPs/pull/112
  95. The Biggest Lobster Trap Harvest ever!!! A hacker decided to harvest over $600 million from the Polynetwork Bridge. We learned this lesson in the 2016 DAO Hack, but it’s really time that people stop giving up custody of their coins. https://twitter.com/ksatyarth2/status/1425140128784084994
  96. Senator Shelby laughably tried to claim he actually supported the crypto amendment in a tweet. The derision from the crypto community flowed like water out of the Amazon. https://twitter.com/SenShelby/status/1425142857199980550
  97. IOHK’s “Essential Cardano” list of projects keeps growing! https://github.com/input-output-hk/essential-cardano/blob/main/essential-cardano-list.md
  98. dcSpark is hiring for a few non-programmer positions. https://twitter.com/dcspark_io/status/1425490454787739649
  99. We got some coverage in Forbes over the Alonzo date reveal. https://twitter.com/ForbesCrypto/status/1425409227594555393
  100. Over $1 million in NFTs has now been sold on cnft.io. https://twitter.com/CNFT_IO/status/1425550638507769859
  101. This graphic pretty much sums up all the Cardano criticism. https://twitter.com/SmaugPool/status/1425403742925565956
  102. Emurgo has published an article about the status of Yoroi as the Metamask of Cardano. https://emurgo.io/blog/yoroi-wallet-what-it-means-to-be-the-metamask-wallet-of-cardano
  103. We’ll get the August mid-Month Development Update today (Aug 13) and we’ll also find out the exact date for Alonzo! https://twitter.com/timbharrison/status/1425791321168568330
  104. Alonzo (smart contracts on mainnet) is scheduled for the 12th of September! https://twitter.com/InputOutputHK/status/1426182060683796483
  105. The Cardano Ecosystem Infographics are still getting bigger and bigger. https://twitter.com/Coin98Analytics/status/1426051817876586499
  106. The rankings looked a little different today! https://twitter.com/RichardMcCrackn/status/1426331710107619328
  107. An insane amount of native assets have been issued on Cardano already. https://twitter.com/matiwinnetou/status/1426692124448333826
  108. We may see treasury guidelines on the tax reporting provisions soon (as of Aug 14). https://www.bloomberg.com/news/articles/2021-08-13/treasury-seeks-to-quell-fears-crypto-tax-rules-are-overly-broad
  109. Senator Lummis is asking for requests if anyone wants to hear about what actually happened with the Senate mayhem. https://twitter.com/CynthiaMLummis/status/1426631432223481860
  110. The maximalists of other projects seem to be really loving us lately. https://twitter.com/Bquittem/status/1426639546616254469 https://twitter.com/novogratz/status/1426757593737879552 https://twitter.com/joebirks/status/1426920500249481220
  111. The Cardano Community breathes a collective sigh of relief that it doesn’t suffer from the incredibly high fees seen on Ethereum recently. https://twitter.com/RichardMcCrackn/status/1427006419463778307
  112. The Cardano treasury is getting unbelievably huge at almost $1 Billion! https://twitter.com/SebastienGllmt/status/1426789664338284546

~Army of Spies