It's a good Opportunity to work with your project, I believe that the future will be more and more support for this project because the projects have a strong team and also an interesting concept!I'm so happy to be part of this event.
Friday, November 19, 2021
๐ฃ AIBC Europe ๐
For the first time ever, Malta is hosting what we can only call a MEGA conference. Four leading shows, all happening in this one week, AIBC Europe, Affiliate Grand Slam (AGS), the World’s Gaming Festival (SiGMA), and Med-Tech World. Combining these 4 leading shows into one mega event allows investors to leverage the significant crossover potential for multi-faceted business deals and to double down on opportunities to connect with some of the leading affiliates, policy makers, thought leaders, suppliers, and operators in various industries.
Solve.Care CEO, Pradeep Goel, will be taking part, in person, in two panel discussions at this year’s AIBC Europe.
Our first event will take place on Nov 17 9:50 AM CET, Pradeep will be moderating a panel discussion on Regulatory and Legal Issues with Blockchain: Cross Borders.
Panelists for the discussion:
- Christina Scicluna - advocate at Ganado.com
- Dr. Franklin Cachia - Senior Manager Tax & Regulated Industries at CSB Group
- Hong Kyun Noh - Accounts Manager at Collective C
- Marcin Zarakowski - Director of Legal and Public Policy Management at Bitcoin Association for BSV
During the second event, on the same day, Nov 17 at 17:10 PM CET, Pradeep will be a panelist on a discussion about Legal Compliance with Identification Regulations, moderated by Dieter Brockmeyer, Co-Founder & Director Innovation & TIME, Diplomatic World Institute.
Panelists joining Pradeep:
- Adrian Doerk, Business Development Manager, Main Incubator GmbH / Lissi Identity
- Frederic Ly, Regional Manager, Jumio
- Peter Murray, Head of Gaming, Veriff
Learn more here: https://aibc.world/europe/europe-agenda/#
Panel on Regulatory and Legal Issues with Blockchain: Cross Borders
Nov 17 9:50 AM CET | 8:50 AM UTC
Panel on Legal Compliance with Identification Regulations
Nov 17 17:10 PM CET | 16:10 PM UTC
HODL Assets' CoinLinked Acquisition Draws Unanimous Bilateral Shareholder Approval, as Firm Partners with Award-Winning Designer to Tap Multi-Million-Dollar NFT-Fashion Metaverse
HODL Assets has finalized the company's recent acquisition of innovative blockchain-powered social commerce firm and platform, CoinLinked, a move that, significantly, inspired unanimous approval from both HODL's and CoinLinked's shareholders. By acquiring CoinLinked (CL), HODL has also acquired CL-owned VC Network, LLC, (a venture capital matching service with over one million high net worth investors in its database) which the company will explore revamping in the coming months. The company's newly forged partnership within a triad of highly compatible industries, will merge the three realms — crypto, entertainment, and fashion — to create a transformative new hybrid industry, while simultaneously expanding the HODL brand's reach. The goal of the partnership is to capture the multi-billion-dollar "Cryptotainment" NFT market by making high-end couture fashion a major focus. To that end, Global Couture Gala creator/executive producer and president/CEO of L Gray Image Consulting, LLC, Linda Gray — a designer and former fashion model — will be working with HODL to help produce one day of a two-day event for their Cryptotainment conference in Las Vegas.
HODL-GalaxE, aside from being the first cross-blockchain NFT marketplace for digital art, digital collectibles, online gaming accessories, and other digital assets, is now the first NFT aggregator platform to accept DOGECOIN and a number of other popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Tron, Ripple's XRP, Monero, Dash, and stablecoins such as Tether, USDC, Dai, Pax, and Binance Smart Chain (BSC) as payment for its NFTs. Buyers can utilize any of these cryptocurrencies to buy their NFTs on the HODL platform through the company's partnership with online crypto payment processor NOWPayments. HODL's plan to trade in a variety of popular coin types will position the company ahead of such competitors in the NFT market space as OpenSea and Rarible, which accept payments only in Ethereum.
When can we start buying again? Crypto Market Update and Investing Report 11.19
Overview
· Major News
· Market Update
· BTC Options Chains Analysis
· NOOBIES lesson of the day: How to use the Fear and Greed Index
IF YOU WANT THIS REPORT IN YOUR EMAIL M-F? Message me your email address. Enjoy!
Major Market News
· Binance.US aims for major funding says Zhao, CEO of Binance. Binance is another Exchange looking to capitalize on the recent trend of US exchanges locking in major funding. (CRO, FTX, Coinbase)
· Bitcoin clings to 56K as whales keep buying the dips.
· Shiba Inu in danger of “topping signal” as SHIB loses 50% in 3 weeks. To read why Meme coins are not the best investment vehicles please refer to my past report.
· In massive news for Ethereum adoptions, Binance opens layer-two deposits with Artibrum One integration.
· Near Protocol (NEAR) plans to distribute 40M into over the next four years in its DeFi sector. Near is a PoS public blockchain.
Market Update
· Bitcoin (BTC) stages a small rally to 57.6K after dipping as low as 55.6K, taking a break from a pullback that started on 9 Nov.
· Bitcoin Dominance (BTC.D) goes as low as 42.42% in a strong move down as traders take the quiet market as opportunity to enter altcoins.
· Ethereum (ETH) is up 5.2% rejecting the strong down move yesterday. It currently sits at 4,269k.
· Total Market Cap (TOTAL) is up a strong 4% to 2.55.
· Major Layer-1s are all up today.
o ADA +4%
o AVAX +7.3%
o BNB +9%
o DOT +6.2%
o SOL +9.7%
o LUNA +6
· Fantom (FTM) and Elrond (EGLD) are having particularly strong days. +21.7% and 16%. Elrond recently opened the Maiar Exchange which likely onboard many new users to the network. Elrond is a good candidate to have a strong recovery when the current down cycle is over.
Bitcoin Fear and Greed Index 34 Fear
Bitcoin Google Trends 40
Insight
Alts are taking advantage of the quiet day in the market. Volatility is low despite the sell-off all week. Layer-1 ones are having a strong day followed by gaming projects. Traders should beware of a relief rebound that can trap buyers in the short term. The weekend can prove to be interesting but the next week will likely decide where price ultimately decides to proceed.
Analyzing Options
In the last two reports we peered into On-chain analysis and technical analysis. This report will examine what options are implying about bitcoin price.
Volume
The Nov 25 expiration currently holds the most options volume by a substantial amount. The volume is equally spread out between calls and puts on this expiry. The two days ago it was learning heavily towards calls. The market has rapidly adjusted. This volume emphasizes that these expirations will hold a lot of influence on the overall market.
Max Pain
Looking at max pain, we see that 59K is the price where the most options holders would incur the most financial losses. Price tends to be attracted to this number near expiration. Two days ago it was at 56k.
Options Chain
Puts
The Nov 25 50k put delta is currently at .09. The options market is telling us that there’s a 91% chance that the price of BTC will be above 50k by the end of the Nov 26 trading day.
The level of the trendline from yesterday was 53k. There is no 53k option but when can conclude that it would probably be close to .19 delta. This means there is an 81% chance price is above this number at expiry. Delta is on the far right of the chart.
Calls
The call options chain shows us that the 62k Nov 25 Call has a .24 delta. This tells us that on a basic level that BTC has a 76% of being below 56k by expiry.
The data, when combined shows that the market is saying there is a 78.5% chance that price will be between 50K and 62k at expiry on Nov 25. The chance that price goes below the 53k trendline is only 19%. If you double the 19%, it calculates our probability of touch. (19*2) There is a 38% chance that our trendline get touched. 38% is not a high probability of touch. All these numbers are implied and in no way guaranteed. Markets are typically very efficient and that’s what make it hard to profit in the short term.
The Wednesday report revealed that on-chain metrics were showing a low probability of a complete sell-off. Our technical analysis showed us that 53K was a strong trendline that intersects with the Nov 25 expiry. We combine this data to with our newly acquired options data.
Things we can conclude:
· Market is highly NOT likely to be in a sell-off
· Market is in a short-term downtrend
· 53k trendline has a low probability of being touched by Nov 25
· Price will gravitate to 59k Max Pain the closer we get to Nov 25
· The market is in a fear state (34)
· We have a high probability of staying between 62k – 53k
From this data we can make conclusions when to increase the size of your portfolio. From what I interpret, waiting for a 55-56k would be a very efficient area to increase your portfolio and buying. Our current price is too far away from the max pain and our trendline has a low probability of being touched. Keep in mind, this data changes day to day and next week could bring different numbers but from the current standpoint, we tentatively conclude to increase positions between 55-56k.
Notable Events
- Up-and-coming crypto PowerLedger (POWR) is listed on Crypto.com exchange today
NOOBIE lesson of the day
Tools: Fear and Greed Index
The Fear and Greed Index is very simple tool and one of the most important. This index is used to measure crypto market sentiment. It basically measures human emotion in the market. Bloomberg originally created it to measure stock market sentiment, and the model was later adopted to bitcoin. It uses 6 factors to measure sentiment Volatility, Market Momentum/Volume, social media, surveys, Dominance (BTC.D) and trends. It takes all those factors and reduces them to a number from 0 – 100. O is extreme fear and 100 represents extreme greed.
Fear and greed are two of the biggest market drivers in stocks and crypto. Knowing how the market is feeling is a very powerful tool in helping traders make decisions. I add the Fear and Greed Index to almost every report for this reason.
To utilize the Fear and Greed Index you want perform the opposite of market sentiment. If the market is very greedy, it’s time to reduce positions. If the market is very fearful, its usually a great time to increase positions. In the past year, if you would have bought bitcoin/crypto when the index is at 10 Extreme Fear and reduced when the market is in Extreme Greed, you would have had an amazing year trading.
If there is one tool that every trader should utilize, no matter the trading style, the Fear and Greed index is the one. It’s a very simple tool to understand I hope the fear and greed index helps you view the market in a different manner and helps you become better traders, investors and/or hodlers. The Fear and Greed Index
Thanks for reading and I appreciate all the feedback I am receiving from the reports. Next Week I will visiting family and my reports will be a little less in depth. But fear not, I’ll keep researching and writing because the market never sleeps.
If you would like to receive this report directly to your email, message me your email address.
Enjoy your weekend, see you Monday fam!
-Gabi
This Solana Network Meme Coin Has GREAT 1000X Potential
So most of you probably already have heard of some of the Solana network meme coins that have had large gains lately...SAMO...WOOF etc... But there is another hidden gem in this ecosystem I believe. A low-cap meme coin with a 17.7 Billion maximum circulating supply that has been 100% distributed, has fantastic distribution with the #1 wallet containing 6% of the supply and belonging to the creator, has already had 2 major pumps yet consolidated back to VERY favorable levels with strong support and volume, has a baked in fun culture from having been created by a member of the Panda Street NFT community, 20% of the original supply was part of a liquidity pool at release and has since been burned rendering the coin utterly rug proof. I can go on, but I'd rather leave it to another hodler who recently made this post on our brand new subreddit, I think it does a good job of breaking down the coin's 3 week history. The coin I think you all should look very seriously at is Bamboo Coin ($BMBO).
-Posted Nov 18th by user Moorebags
"So we are now 3 weeks old and we have had some ups and downs. The question now is. Are we bullish and will we survive the cut throat meme coin market?
In my opinion the answer is YES. Why you ask? I point you to the chart and tell you to zoom out. What do you see?
I see volatility on a small cap coin. But in the volatility I see 2 x lows and consolidation. The previous lower then the current low. Now lets put that into perspective. The 4th of November low of 35 points was during a bull meme coin market and Bitcoin strength. This saw consolidation then a 14x pump to around 450. We saw what was most likely a 160 consolidation forming prior to Bitcoin deciding to drop 20% and suck the life out of all coins.
With this bitcoin drop we saw a drop to 50 points as our low and consolidation now at 60 points, which is still higher then the previous low of 35 points. This low has also happened in a weak crypto wide dump event compared to the previous low of 35 during a peak alt coin run.
So in summary the chart tells me that in our current market condition we are showing strength and this consolidation should result in higher highs once bitcoin decides to re gain its strength. This may not be today, it may not be tomorrow but I still believe we are in a long term crypto bull market and this strength will return and we break ATH's
I also add that over our 3 weeks we are growing from strength to strength. We have gained a number of talented and enthusiastic people into the community who are breaking off into groups and working collaboratively on building this coin organically.
If you are looking for a small cap (currently $1.1mil) that has survived a significant BTC shakeout and is showing strength and a great community. I suggest looking at Bamboo Coin ($BMBO)
Remember to always DYOR and use risk management when investing."
For those of you who end up looking deeper into this coin I just want to make a few last points. Pulling up a chart on Coingecko, any exchanges etc will only pull the data from midway through the first pump. Price at release was .000005, current price at time of writing is ranging between .000058 and .000060 with strong support at .000055. If you pull wallet data and see a large wallet that is the Raydium trading bot's, it's the same thing on all of the Solana meme coins, the trading bot is there to aid with liquidity and volume, it's not an individual retailer. This coin has insane upside potential and a huge portion of the consolidation has already taken place, you could not ask for a better entry price. Give it a look and feel free to come ask questions in our discord, which has the largest collection of users currently.
Discord: https://discord.gg/559jyUWF
Twitter: https://twitter.com/BambooCoin
Hawkmoon[24k market cap][1 Day Old]Just Launched | ๐5% btc rewards ๐ Making moves at only a day old!
This is the journey about the hawk that will fly to the moon and beyond the event horizon. This hawk will fly further beyond it has no limits. You just wanna make sure the u don’t miss the ride before it takes flight, because once it’s up there’s no turning back ๐ฆ
U remember the story about Icarus getting to close to the sun and burning… well not for this hawk, he’s flying directly through the sun and beyond.
We have already passed many milestones and can now say we will be smashing much bigger ones in the upcoming days, pack your bags and hold tight friends
Earn as you hold. This is a rewards token that allows you to earn Bitcoin as you hold HAWKMOON ๐
We have also set up precautions to stop any sniper bots from surging the coin and dumping the price. ✅
3% max wallet | ๐ณ anti whale ๐ณ |
Pack your bags and get ready to buy your Lamborghini because this coin isn’t going anywhere and we are due for a big moonshot.
Join the telegram to see screenshots of other people’s Bitcoin rewards wallets. These bags are pamping๐ต
Website is currently under development join the telegram for updates
Liquidity has been locked for 1 month and will also re locked following next unlock ๐
Hold tight strap your seatbelts and prepare to travel to the moon at light speed๐
Tokenomics
✅ Liquidity locked for 1 month
✅ Trusted devs
✅5% BTC Rewards
✅5% Marketing
✅1% Liquidity
✅ Great organic community
✅ Moonshot imminent
๐ Join our telegram: https://t.me/hawkmoonwillmooon๐
Hawkmoon[24k market cap][1 Day Old]Just Launched | ๐5% btc rewards ๐ Making moves at only a day old!
This is the journey about the hawk that will fly to the moon and beyond the event horizon. This hawk will fly further beyond it has no limits. You just wanna make sure the u don’t miss the ride before it takes flight, because once it’s up there’s no turning back ๐ฆ
U remember the story about Icarus getting to close to the sun and burning… well not for this hawk, he’s flying directly through the sun and beyond.
We have already passed many milestones and can now say we will be smashing much bigger ones in the upcoming days, pack your bags and hold tight friends
Earn as you hold. This is a rewards token that allows you to earn Bitcoin as you hold HAWKMOON ๐
We have also set up precautions to stop any sniper bots from surging the coin and dumping the price. ✅
3% max wallet | ๐ณ anti whale ๐ณ |
Pack your bags and get ready to buy your Lamborghini because this coin isn’t going anywhere and we are due for a big moonshot.
Join the telegram to see screenshots of other people’s Bitcoin rewards wallets. These bags are pamping๐ต
Website is currently under development join the telegram for updates
Liquidity has been locked for 1 month and will also re locked following next unlock ๐
Hold tight strap your seatbelts and prepare to travel to the moon at light speed๐
Tokenomics
✅ Liquidity locked for 1 month
✅ Trusted devs
✅5% BTC Rewards
✅5% Marketing
✅1% Liquidity
✅ Great organic community
✅ Moonshot imminent
๐ Join our telegram: https://t.me/hawkmoonwillmooon๐
Hawkmoon[24k market cap][1 Day Old]Just Launched | ๐5% btc rewards ๐ Making moves at only a day old!
This is the journey about the hawk that will fly to the moon and beyond the event horizon. This hawk will fly further beyond it has no limits. You just wanna make sure the u don’t miss the ride before it takes flight, because once it’s up there’s no turning back ๐ฆ
U remember the story about Icarus getting to close to the sun and burning… well not for this hawk, he’s flying directly through the sun and beyond.
We have already passed many milestones and can now say we will be smashing much bigger ones in the upcoming days, pack your bags and hold tight friends
Earn as you hold. This is a rewards token that allows you to earn Bitcoin as you hold HAWKMOON ๐
We have also set up precautions to stop any sniper bots from surging the coin and dumping the price. ✅
3% max wallet | ๐ณ anti whale ๐ณ |
Pack your bags and get ready to buy your Lamborghini because this coin isn’t going anywhere and we are due for a big moonshot.
Join the telegram to see screenshots of other people’s Bitcoin rewards wallets. These bags are pamping๐ต
Website is currently under development join the telegram for updates
Liquidity has been locked for 1 month and will also re locked following next unlock ๐
Hold tight strap your seatbelts and prepare to travel to the moon at light speed๐
Tokenomics
✅ Liquidity locked for 1 month
✅ Trusted devs
✅5% BTC Rewards
✅5% Marketing
✅1% Liquidity
✅ Great organic community
✅ Moonshot imminent
๐ Join our telegram: https://t.me/hawkmoonwillmooon๐
Hawkmoon[24k market cap][1 Day Old]Just Launched | ๐5% btc rewards ๐ Making moves at only a day old!
This is the journey about the hawk that will fly to the moon and beyond the event horizon. This hawk will fly further beyond it has no limits. You just wanna make sure the u don’t miss the ride before it takes flight, because once it’s up there’s no turning back ๐ฆ
U remember the story about Icarus getting to close to the sun and burning… well not for this hawk, he’s flying directly through the sun and beyond.
We have already passed many milestones and can now say we will be smashing much bigger ones in the upcoming days, pack your bags and hold tight friends
Earn as you hold. This is a rewards token that allows you to earn Bitcoin as you hold HAWKMOON ๐
We have also set up precautions to stop any sniper bots from surging the coin and dumping the price. ✅
3% max wallet | ๐ณ anti whale ๐ณ |
Pack your bags and get ready to buy your Lamborghini because this coin isn’t going anywhere and we are due for a big moonshot.
Join the telegram to see screenshots of other people’s Bitcoin rewards wallets. These bags are pamping๐ต
Website is currently under development join the telegram for updates
Liquidity has been locked for 1 month and will also re locked following next unlock ๐
Hold tight strap your seatbelts and prepare to travel to the moon at light speed๐
Tokenomics
✅ Liquidity locked for 1 month
✅ Trusted devs
✅5% BTC Rewards
✅5% Marketing
✅1% Liquidity
✅ Great organic community
✅ Moonshot imminent
๐ Join our telegram: https://t.me/hawkmoonwillmooon๐
Hawkmoon[24k market cap][1 Day Old]Just Launched | ๐5% btc rewards ๐ Making moves at only a day old!
This is the journey about the hawk that will fly to the moon and beyond the event horizon. This hawk will fly further beyond it has no limits. You just wanna make sure the u don’t miss the ride before it takes flight, because once it’s up there’s no turning back ๐ฆ
U remember the story about Icarus getting to close to the sun and burning… well not for this hawk, he’s flying directly through the sun and beyond.
We have already passed many milestones and can now say we will be smashing much bigger ones in the upcoming days, pack your bags and hold tight friends
Earn as you hold. This is a rewards token that allows you to earn Bitcoin as you hold HAWKMOON ๐
We have also set up precautions to stop any sniper bots from surging the coin and dumping the price. ✅
3% max wallet | ๐ณ anti whale ๐ณ |
Pack your bags and get ready to buy your Lamborghini because this coin isn’t going anywhere and we are due for a big moonshot.
Join the telegram to see screenshots of other people’s Bitcoin rewards wallets. These bags are pamping๐ต
Website is currently under development join the telegram for updates
Liquidity has been locked for 1 month and will also re locked following next unlock ๐
Hold tight strap your seatbelts and prepare to travel to the moon at light speed๐
Tokenomics
✅ Liquidity locked for 1 month
✅ Trusted devs
✅5% BTC Rewards
✅5% Marketing
✅1% Liquidity
✅ Great organic community
✅ Moonshot imminent
๐ Join our telegram: https://t.me/hawkmoonwillmooon๐
Re-discovering the 3 golden pillars of Cryptocurrencies (XVMC)
- What makes the price go up(or down)?
The only thing that determines price of any asset are the buyers and sellers. The most you can do to preserve and help the price appreciate is to remove potential sellers(get them to lock up their tokens) and attract new buyers(through periods of boosted rewards).
2.) What are people looking for in a Cryptocurrency?90%+ of the people are not in it for the technology, but for them gains and financial freedom. Everyone wants exposure to cryptocurrencies that are known for the x100, x1000, x10000 gains. And at the same time everyone would like to earn "passive income"/additional yield which can be done through staking.
3.) What made cryptocurrencies so valuable in the first place?What Bitcoin did is it eliminated the need for a trusted third party. No longer would you need a centralized entity(such as bank) to keep track of the records. Bitcoin made data available on a public ledger - called blockchain. The accuracy of the data is ensured through cryptography and mathematics(miners need solve arbitrary math equations to ensure security of the network).So what makes them valuable is Decentralization, Scarcity, alternative to traditional currencies and FIAT system, as well as a new form of governance and collaboration.
The goal when creating XVMC protocol was to create something that would appreciate in value. This is achieved as a time deposit(certificate of deposit) - the protocol encourages long term thinking. The ability to delay gratification(give up momentary pleasure now, to achieve something later) has been scientifically proven to be the greatest indicator of future success(google Marshmallow test). The buy and hold(passive approach) tends to be the most successful strategy. Long term investors get rich, short term speculators get rekt.
In order to earn staking rewards, you must lock up your tokens. By doing so, users collectively remove supply from the market and create scarcity. New buyers are attracted through periods of boosted rewards. Remove potential sellers, create new buyers - the perfect recipe for explosive growth and adoption.It serves the market - it's potentially a new wealth creation opportunity. It can become extremely valuable because it provides a valuable service everyone is looking for - a system that works in your favor, gives you exposure to cryptocurrencies as the highest appreciating assets, as well as earns you additional yield through staking.
It's made to be decentralized - consensus of the system(a way of reaching agreements to upgrade the protocol in decentralized manner) is reached through voting of locked-up stakers.Users act as oracles(trusted third parties that relay real world data to the blockchain) regulating the system(infaltion, rewards, events, boosts, fees, bonuses,...). It acts as a currency and it's own financial system(time deposits are the biggest money market in the world, worth more than gold, bitcoin and all payment methods combined!).It's made to create scarcity on the long term and it's made to be upgraded & evolve over time.
To serve the narratives and capitalize on the hype, NFTs and MEME tokens are included(the protocol can hold both of them).
You should feel like you've just discovered a goose that can lay golden eggs. It's a new opportunity. Cryptocurrencies can and do x1,000, x10,000 and even more. It is risky and it could go to 0. But imagine actually being an early adopter in a project. The early adopters tend to get rewarded beyond wildest imagination.A lot of people think it is a scam/joke, but it is actually the exact opposite. It is an opportunity.Don't get distracted by the name(Mac&Cheese). Until recently, Apple used to be the #1 most valuable company in the entire world. Fruit(food) names tend to work very well - Pancake, Sushi, Apple. It needs not make sense in order to get your attention. You will probably never forget Mac&Cheese - just because how ridiculous it sounds. It's an universal concept - anything that can get attention, tends to attract value(just look at Kardashians)
If you do not want to take any risks, but you already own crypto you can still get in for free, but there are people who claim with tens of millions of crypto, so you are likely to get very little.It's an opportunity that is extremely hard to come across, as development is very expensive and the projects tend to get funded by VCs and early investors and by the time tokens hit the market, they already create a x100(if not higher) returns. This is different. You are the first to get in and it is made to scale indefinitely.https://macncheese.finance/
Ethereum WILL flip Bitcoin this cycle, here's why
OK so before you start passing out pitchforks, I'd like to let you know that my portfolio is around 60% BTC, 30% ETH, 10% ALTS and that I've shed dears of joy when the market dumped 50% in May because I could load my BTC bags at those prices. However, over the past few weeks I came to the conclusion that ETH overtaking BTC in marketcap this cycle is inevitable and I'm gonna share with you the reason why.
ETH is the 2nd most valuable cryptocurrency because it offers access to Dapps in a completely decentralized and secure manner. The only thing BTC has over ETH is it's use as a store of value.
With the recent EIP-1559 upgrade, ETH's inflation rate has decreased to 2.2% compared to BTC's current 1.8%. With the upcoming transition to POS, it is expected that ETH's inflation rate will decrease to NEGATIVE 2.2%. This will effectively make ETH a deflationary asset and automatically give it better tokenomics than Bitcoin, removing Bitcoin's only advantage over Ethereum. If you add this to how close ETH came to flipping BTC back in 2017 without all these advantages, I think this event is more than probable this cycle.
They are both similar in terms of decentralization and trust from whales and institutions. Gas prices don't matter if you're a billionaire and you want to use the most decentralized chain for DEFI. Ethereum has also been showing increased strength during market downturns recently compared to when it used to bleed against Bitcoin. Higher expected returns for the same potential downside sounds like a good deal. Not owning any Bitcoin would obviously be a mistake as well, so I will begin slowly rebalancing my portfolio to achieve a 50/50 or 40/60 BTC-ETH balance.
BTC maxis fight me
Final Reckoning
Let me start of this post by introducing myself. I'm Cognizant Astronaut, also known by my previous nickname: PolarStar. I was an early investor in Happycoin, and have been one of the most active members in the entire community. However, from the start I had problems with certain aspects of the project. It began when I noticed their marketing campaign wasn't yet developed yet, let alone ready to be rolled out. This was back in April/May. I received massive backlash from the community for raising the issues that I found. From there I kept track of every shady thing I could find about the entire project. And I can tell you with certainty that Happycoin was a setup from the very start. For example; I found out about Sawyer's history of creating a company and then later passing it on. (157 Boxcar Crescent Russel ON K4R 0A4 is his home address. Figured it out since he gave that address as office address but it seems to be a normal neighbourhood house) He owns or has been a part of three companies: Lume Room LTD, HappyCoin Inc. and Cleen Detailing. Yes, HappyCoin Inc. is an actual Canadian corporation and Sawyer still own it. For tax reason or any other reasons I do not know. But he does own it. Let's also talk about the event where "Over the Counter Whales" dumped their bags on the rest of Happycoin investors during the Bitcoin crash earlier this year. The official explanation of the team was that people outside of the team dumped their pre-sale bags. However, by quickly capturing a screenshot of a post Captain Cabinetz made in the official Happycoin Discord server I found out that the early team members made the project tank. I'll see if I can post that screenshot in this post, otherwise it's in my own Discord server (Invitation link below) https://discord.gg/5RzMAp9Gwu I have tons of other data and substantiated theories, but for the readers sake I won't make this post too long.
Everybody is invited to my server (that serves as a place where people can talk about crypto and find new projects that are very promising) If you have any questions you can reach me there and I will answer to everything and always. https://discord.gg/5RzMAp9Gwu
CURE ๐ Charity first, token second ๐งก Audited by Certik๐ฅBoxing Champion Christopher Diaz repping CURE at the fight tomorrow night!!๐ NASCAR deal secured and London Underground advert campaign in motion... ๐ค Listed on CMC and CG ๐Come help us heal the world ๐
CURE is the first deflationary DeFi Token built around non-profit charitable organization determined to support research into pediatric cancer. CURE Token has infinite growth potential, benefiting token holders in both short and long term, whilst making meaningful change in the lives of many along the way.
- ๐ CURE passed and secured audit by Certik with zero major issues!
- Boxing champion Christopher Diaz is repping CURE at his fight against Dogboe in Las Vegas tomorrow night!! ๐ฅ
- ๐️ NASCAR deal also secured! Implying wrapping and sponsoring a car all next year AND taking over their website.
- ๐ Potential London Underground advertising opportunities are being discussed at the moment!
- ๐ Cherry on top:
Major ambassadors from health, fitness and music industries...
Interest from major exchanges...
Complete billboard takeover of Miami...
More to come... - Oh, and did I forget to also mention these about CURE? ๐
๐จ๐ฌ Fully Doxxed & Known Dev
๐♀️๐♂️ Team Lead, Community Driven
๐ Liquidity Locked
๐ CMC & CG Listed
๐ธ Buyback System
๐๐ Tokenomics:
CURE Token was initially minted with a supply of 1,000,000,000 (1 billion) tokens. Each transaction has a 12% fee subtracted which powers the cause like this:
- 3% Charity
- 3% Marketing
- 3% Reflections
- 3% Liquidity
Also, recommended Slippage during making a transaction is from 10% to 12%.
๐ฑ Contact:
๐ Website
๐ฌ Telegram Community
๐ฐ Telegram Announcements
๐️ Twitter
๐ Facebook
๐ข Medium
๐ Contract Address: 0x76aecb353abf596bd61ee6bdb07d70787dec4fd6
๐ฉ PooCoin Chart: poocoin.app/tokens/0x76aecb353abf596bd61ee6bdb07d70787dec4fd6
๐ก Useful info:
๐ฅ Who's The Team?
Founder and Chairman of the Beckley Foundation, Jacob Beckley has managed to raise approximately 1 million dollars in the battle against childhood cancers and beyond, since the foundation launch in 2016.
๐
When did CURE happen?
Well, lets follow the timeline ๐
- 2016
✨ Row4aCure
๐ www.row4acure.com
Jacob had an idea to row across Lake Michigan solo in a man-powered boat from Michigan to Chicago (65 miles) to help raise the funds necessary to keep a cancer research lab going. It was a spontaneous and eccentric venture that raised $40,000. - 2016-2019
✨ Martini Party
Supporting the research of acclaimed Dr. Mary Beth Madonna. This lab, currently located at Rush University Children's Hospital in Chicago was due to be closed, and with help of this campaign it was able to survive. $50,000 was raised at the event. - 2019
✨ Row4Kids
๐ www.row4kids.com
Jacob joined forces with former Chicago Bear, Charles Tillman, in fight against pediatric cancer. They rowed non-stop across Lake Michigan in a homemade boat on September 1st, 2019. This went on to raise $280,000 dollars. - 2020
✨ Roll4aCure
During the pandemic, in partnership with Arizona Cancer Foundation, casino night event was hosted to co-raise funds in support of the cause. Although the pandemic forced cancellation of the event, these people collectively remain focused on the mission and are continuing their efforts. Over $100,000 was raised. - 2021 Sep 11th
✨ Martini Party
Once again in support of the incredible research of Dr. Mary Beth Madonna. This time $60,000 was raised to help support the continuation of their amazing work. - 2021
✨ CURE Token Launch
Token went on to reach a current ATH of $10,000,000 (million) market cap, and has already gifted over $150,000 in charitable donations and research support.
PS: If you want to make a quick x10 on a project then CURE is not for you. This is a token for people who want to make genuine change in the world, whilst making massive long-term gains. CURE team have Ethereum and Bitcoin in their crosshairs and they seem not to be stopping until CURE is as recognisable to everyone as above mentioned cryptocurrency market leaders. So don’t even invest yet, come visit the telegram and check out website and whitepaper.
"All About Bitcoin" host Christine Lee is joined by CoinDesk Tech Managing Editor Christie Harkin and Markets Managing Editor Brad Keoun for a review of this week's top stories impacting the bitcoin markets. Plus, a look ahead into next week's major news events.
Bitcoin Trending Below $58K With Support Around $53K-56K, Global Macro Factors Impacting Bitcoin Price
DiNapoli Day VI is coming Rocket Gdynia, November 20 Meet and talk with experts.
DiNapoli Day VI is coming Rocket
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Telegram Admin: https://t.me/OGTV_support
Email: ogtv@mail.de ————————————————————————
Why Bitcoin continues to grow exponentially - Analysis
With a market value of over a trillion dollars, Bitcoin became a global brand within a decade, making it a difficult concept to understand. Socio-technological events such as Bitcoin rarely occur and it is not just about the price but rather about the technology, the unique social concept of the decentralized body behind it, and the speed of its spread: The value of Bitcoin continues to increase exponentially
Why Bitcoin continues to grow exponentially - Analysis
With a market value of over a trillion dollars, Bitcoin became a global brand within a decade, making it a difficult concept to understand. Socio-technological events such as Bitcoin rarely occur and it is not just about the price but rather about the technology, the unique social concept of the decentralized body behind it, and the speed of its spread: The value of Bitcoin continues to increase exponentially
Why Bitcoin continues to grow exponentially - Analysis
With a market value of over a trillion dollars, Bitcoin became a global brand within a decade, making it a difficult concept to understand. Socio-technological events such as Bitcoin rarely occur and it is not just about the price but rather about the technology, the unique social concept of the decentralized body behind it, and the speed of its spread: The value of Bitcoin continues to increase exponentially
Why Bitcoin value continues to increase exponentially - Analysis
With a market value of over a trillion dollars, Bitcoin became a global brand within a decade, making it a difficult concept to understand. Socio-technological events such as Bitcoin rarely occur and it is not just about the price but rather about the technology, the unique social concept of the decentralized body behind it, and the speed of its spread: The value of Bitcoin continues to increase exponentially
How ETH goes under $1 and why I sold everything after becoming disillusioned with it
Demonetize the political class. Distribute away the centers of power. Take away their control of the money. Replace the Central Banks. Replace the deflationary fiat. You need one thing to do all this: MONEY. In fact, that's all you need.
The Ethereum Virtual Machine, or EVM for short, is the gateway to Web 3.0, and will become the global settlement layer. That's what I hear, but not what I see. What I see is a tokenized dystopia. It's an orgy of swaps, wraps, burns, stakes, mints, and questionable collateralizations. Missing from this mess is anything of value. What do dapps actually do? Nothing of note. They simply optimize interactions with more tokens to keep the orgy going. If any of them offered a legitimate business or service, they wouldn't have a token attached, they wouldn't make ETH an accessory to their crime, they'd price their business or service in ETH. By not adhering to this strictly, we have a developing case of Gresham's Law
https://en.m.wikipedia.org/wiki/Gresham%27s_law
where good money (ETH) is being pushed out by bad money (or at least what people have mistaken as money).
Money is not TPS, TX cost, or throughput. Those are all features of a blockchain. The EVM has a money problem, and the switch to PoS has only made this worse. I'll also add that stablecoins are digital counterfeits of inflating fiat with questionable collateralization and undeniable centralization. Here's an explanation on how the brilliant and simple stupidity of bitcoin doesn't suffer from this problem:
Money doesn't have an associated liability
Currency has an associated liability, which is debt, because governments issue debt to issue currency.
Energy is the world's only natural currency. It's required for the internet to work. For a nation state to exist. For a military, for communication, transportation, farming, everything. In this way, it is asymmetric to other commodities, currencies, and natural resources.
Bitcoin leverages energy (which has an associated liability) to create money without an associated debt. You can't counterfeit energy. But here's the wild thing, it incentivizes green energy to reduce its own liability. 10% of its network was green energy 5 years ago. It's now 35%. At this pace it will be OVER 100% green energy before the end of this decade which is where things get interesting. How can if be over 100%? Because, up to the present time, how has green energy been incentivized? Artificially, by government manipulation of the tax code: credits, deductions, import duties. But even this intervention doesn't work well when fossil fuel prices are depressed, out-competing renewable energy costs. Bitcoin is a missing link, and should finance the major energy projects of tomorrow, producing far more energy than it uses. Mainstream talking points won't tell you any of this of course, because news cycles run on 24hr timers, and innovation takes longer than they have patience.
Oddly, Henry Ford and Thomas Edison conceived of this idea in a raw way exactly 100 years ago in 1921:
https://twitter.com/mallardshead/status/1454781760911421440?s=21
Anyway, all the above resolves a contradiction bitcoin shouldn't be able to resolve, challenging most economic schools of thought, because it can consolidate four things into a singularity:
- central bank
- currency
- store of value
- commodity
We don't even fully understand that yet, but it will push out the bad money, in what's known as Thier's Law, which is the opposite of Gresham's Law.
The Bitcoin Network only uses bitcoin. Its proposed P2P scaling solution (Lightning Network) which is brilliant but at least two years from commercial usability, only uses bitcoin. It's a simple permisionless payment rail that any individual can use or anyone can plug-and-play their business on top of. All your services or products will be paid for in bitcoin by customers and users. No tokens. No fiat. No derivatives. Real businesses. Just bitcoin. And as a transactional epoch is reached, dollar pegs fade as fewer people exchange it for fiat, because they can buy and sell anything in bitcoin.
It's stupid simple, and that's the only way any of this works commercially. This is money. It doesn't have to be (and shouldn't be) difficult, because it's trying to consolidate a cumbersome and grotesquely complicated global financial apparatus. Make it stupid, make it simple.
Back to the EVM. It has a money problem. And it's about to have another problem after the Merge (mistakenly called ETH 2.0):
What percentage of the ETH staking nodes will be run by CEX's? Anyone care to guess how many are run by them already? 65% on the low end. Some have suggested that number is actually 85%. And what about how those staking rewards are allocated after the Merge? They benefit bigger, longer operated nodes. It's really no wonder why CEX's love PoS blockchains so much. And what about the hosting of these nodes? Where are the servers? AWS? Yeah, a majority of them are currently run on AWS servers. So to wrap this up, the majority of the network's security (staking nodes) will be owned by CEX's. Remember that saying that starts with not your keys? How long before the US government makes doormats of these compliant CEX's like they did Gmail, Google, Facebook, etcetera? How long before another Edward Snowden emerges telling us the IRS or NSA has rails built directly into all of them? A few days ago I watched this sub fill up with posts praising the Staples Center renaming to Crypto.com Arena. To those that applauded, that's about as terrifying and clueless as it gets. It's the same thing I said about the applause of EIP-1559 when it went into effect this August. Anytime you have an upgrade that burns, reduces, or manipulates tokens in any capacity, it's difficult to respect that as impairment-resistant money, or with any trust. This leads to my next complaint of the EVM and smart contracts: governance.
Raise your hand if you think democracy is a good idea for a blockchain with global ambitions. Like Aristotle, I believe it's a terrible idea, here's why:
-
There's no way to know how many tokens anyone owns, which impairs voting and makes it unfair
-
There's no way to stop collusion
-
Voting, as Aristotle said, is a skill
-
50% of all people live in two countries (India and China), a percentage which is growing annually
-
There's no way to opt-out of upgrades
-
There's no reason to believe people won't vote for (or suggest) proposals that pump their bags, and the time frames on these will get shorter and shorter
Using bitcoin again as an antagonist, it dashes the democracy in favor of immutable rights. It doesn't matter wether you have 1000 BTC or 1000 SATS. There's nothing the former can do that the latter can't. You can't vote, you can't provide network security by staking, you can't collude, you're transaction prices don't vary, you have zero special privileges.
You can be as rich as you'd like, but you will have no power.
As for upgrades, they're backwards compatible. Leave your wealth in a wallet for twenty years after your prison sentence for burning down your in-laws home, and you can come back to it. As for the consensus layer, if the super majority of hash agrees to an update, they're optional, miners can opt-out.
Right, so everything we've talked about so far might be enough to break ETH, but not enough to get it under $1. This might be: Zk-rollups. The following is a warning for all L1 blockchains, but we'll use ETH as the whipping boy.
The EVM is becoming a rollup-centric system. Even after the Merge, the next major upgrade will introduce sharding, which is more or less designed specifically to help rollups. But what will Dapps do when Zk-rollups reach full composability with all L1's and with eachother? This technological independence has been slowly building for years and will not end well, because fully composable Zk's won't require ETH's L1 to settle. They can settle on any L1. In fact, in time they won't need to settle on L1's at all. So what happens is this: L1's are seen as kings telling their Dapp colonies who they can worship, how much to pay, and what to do. That's the kind of taxation, or tea rather, that get's dumped in Boston Harbor...ushering in the DAO era?
L1 native currencies like ETH will have no value, having never established themselves as money, they'll serve no utility to Zk/DAO entities, because even the security of its L1 won't be compulsory. Then all hell breaks loose with staking. In an odd twist of fate, it might be BTC that finds its way into the treasuries of these colonies of Zk/DAO's like LUNA's founder talked about recently:
https://twitter.com/terrabitespod/status/1454158643079811076?s=21
L1 blockchains have moved fast and taken pride in breaking things. Unfortunately, they've broken their own base layers. I don't need decentralized insurance tokens to protect my Uniswap tokens that I swapped for SNX tokens so I can mint sUSD tokens that I stake in the debt pool to earn more sUSD tokens that I redeem by burning, then swapping into ETH so I can send it to my exchange where I sell it for US dollars. Along this DeFi pathway I've accomplished nothing of value in the world, I've spent hundreds in fees, had a dozen taxable events, and waited 3-5 business days so I can buy my girlfriend a birthday present. That's a tokenized dystopia. L2 is no better, it's a cluttered mess with dozens of competing platforms all claiming to do the same thing better. Most hard wallets don't even work with half the rollups. Next we have MetaMask planning on tokenizing, and ENS just recently air-dropped tokens. All this is like Egypt handing out clubs to its vendors. How long will the tourist stay upright on the camel en route to the pyramids? How long will the camel stay upright? This is not the future of Web 3.0 or decentralized finance. Neither will require tokens or anywhere near the difficult mess that the EVM has made of it for commonplace people. It's almost worse than the mess traditional finance has made of it for all our lives.
So in conclusion, this is why I've sold my remaining holdings and see ETH turning into a zombie protocol with unreliable nodes and a sub-dollar price: money, governance, centralization, technological independence, difficulty, tokens in perpetuity.
I do believe however, that ETH can outpace bitcoin until Q2 of 2022, but won't stick around to hazard it. I realize the first thing that has to be replaced in this world is money, and everything else will fall into place after. Only bitcoin has the DNA and one-dimensional simplicity to achieve this.
Wishing you the best,
—Mallardshead ๐ฆ
Why Bitcoin continues to grow exponentially - Analysis
With a market value of over a trillion dollars, Bitcoin became a global brand within a decade, making it a difficult concept to understand. Socio-technological events such as Bitcoin rarely occur and it is not just about the price but rather about the technology, the unique social concept of the decentralized body behind it, and the speed of its spread: The value of Bitcoin continues to increase exponentially
Why Bitcoin continues to grow exponentially - Analysis
With a market value of over a trillion dollars, Bitcoin became a global brand within a decade, making it a difficult concept to understand. Socio-technological events such as Bitcoin rarely occur and it is not just about the price but rather about the technology, the unique social concept of the decentralized body behind it, and the speed of its spread: The value of Bitcoin continues to increase exponentially
Why Bitcoin continues to grow exponentially - Analysis
With a market value of over a trillion dollars, Bitcoin became a global brand within a decade, making it a difficult concept to understand. Socio-technological events such as Bitcoin rarely occur and it is not just about the price but rather about the technology, the unique social concept of the decentralized body behind it, and the speed of its spread: The value of Bitcoin continues to increase exponentially
Why Bitcoin value continues to increase exponentially - Analysis
With a market value of over a trillion dollars, Bitcoin became a global brand within a decade, making it a difficult concept to understand. Socio-technological events such as Bitcoin rarely occur and it is not just about the price but rather about the technology, the unique social concept of the decentralized body behind it, and the speed of its spread: The value of Bitcoin continues to increase exponentially
A protocol with a set of smart contracts which you can deposit and swap tokens.
A smart contract is a computer program or a transaction protocol that is intended to automatically execute, control, or document legally relevant events and actions according to the terms of a contract or an agreement. I Recently found the project of Expx who has a protocol with a set of smart contracts which you can deposit and swap tokens, similar to the Balancer protocol powered by Ethereum. The balancer they use is an Uniswap alternative/competitor/ killer. The balancer already locks up US$ 1.6 billion! Market leader Uniswap is locking up US$ 3.8 billion, and Balancer is rapidly catching up with it!
For instants, the Bitcoin network supports a wide range of smart contracts using its powerful scripting language, called Script. The script allows users to establish criteria for their bitcoin to be spent, and Bitcoin transactions lock specific amounts of bitcoin to these scripts.
The Pros And Cons of Crypto Regulations
Issues like helpless buyer security, value unpredictability, the danger of programmer assaults, and illegal tax avoidance, are continually hiding around the bend for the developing crypto market, and this has turned into a justification behind main issue for certain states. As of late, BBC revealed that the U.K. Depository Committee called for crypto token or digital money guidelines to secure financial backers, a news that has indeed brought into center the ramifications of such measures.
While there stays some compassion toward the calls for outright no guideline by agitators and cyberpunks, who let's face it, were the primary individuals behind this development of cryptographic forms of money, have a true perspective on the possibility. There is for the most part one justification behind an administration to need to control the progression of cryptographic forms of money, this being the implicit agreement we make with the public authority from the second we are conceived. We anticipate that they should ensure us and give us certain offices, in return for charge. Likewise, the public authority is committed to shield us from tricks, yet in addition, just like the behavior that most people find acceptable, bring in cash from it. Also, with the taking off worth of cryptographic forms of money, there is a ton to take from once state run administrations begin characterizing specific cycles that require specific costs. BITCOIN PASSWORD RECOVERY SERVICE
This carries us to the essential advantage of having guidelines set up. Looking over the ocean of advanced tokens, controllers could identify something in the Crypto space that places themselves into a place of being outdated perhaps in certain spaces and they might need to close those regions down. Tricks like Bitconnect, and Ponzi plans they would be more diligently to convey in light of the fact that basically they just wouldn't be permitted or wouldn't exist because of not following specific prerequisite indicated in the rundown. They shield financial backers from being duped If you are a financial backer in a digital money and they're promising you something it's advantageous assuming they back that guarantee up with some kind of guideline whether its protected up to a specific worth like bank stores are, or regardless of whether they are made to satisfy their guarantee. Guideline in such manner will shield the end client from being misled.
Confirmation of coins by controllers will legitimize digital currency and in this manner raise its worth. In the event that digital currencies are controlled and everybody knows the standards of the game, huge amounts of cash would bounce off, particularly institutional cash, which hasn't actually contacted this market by any means. One more master of legitimizing cryptocoins would be the resultant difference at the top of the priority list of the hesitant more established age who may be more able to put and exchange it, driving the economy up.
Nations, for example, Switzerland and Malta are driving the way with their drive to draw up guidelines that would work with the development of economy by acquiring unfamiliar blockchain financial backers searching for a fruitful ground to set up their shops on, and have as of now cleared a path for unmistakable names like PwC, IBM, and blockchain organizations, for example, HashCash Consultants that is causing ripple effects with its white mark product offering of cryptographic money trades .
Cryptotrivial contest 2021! Round 48! A fundraising method in which new projects will sell their cryptocurrency to investors. | 19/11/2021
First of all sorry for not posting the cryptotrivial daily post. I got too tired and late home and it was impossible for me.
Welcome to Round 48 of the Cryptotrivial 2021 contest!
Question 48: A fundraising method in which new projects will sell their cryptocurrency to investors.
The correct answer of Round 47 is...
Arbitrage!
What is Arbitrage:
Arbitrage is the practice of buying and selling assets over two or more markets as a way to take advantage of different prices. For instance, a trader could buy a particular asset in one market and quickly sell the same asset in another market, at a higher price.
The reason why arbitrage exists is due to inefficiencies in the markets. This means that a particular asset may present distinct trading prices in different locations, even though both markets are offering the exact same asset (or very similar ones).
In the context of financial markets, arbitrage is often considered a fundamental force because it prevents distinct markets from creating significant price disparities among similar or identical assets. Therefore, the practice of arbitrage relies on small price divergences and, as a result, tends to cause a price convergence. The speed at which this convergence occurs may be used as a measure of the overall market efficiency. A perfectly efficient market would present no arbitrage opportunities at all as each trading asset would have the exact same price across all exchanges.
When performed correctly, arbitrage may be considered as a risk-free way to capitalize on temporary price disparities. Still, one should keep in mind that trading bots are running on all kinds of markets and many of them were specially designed to take advantage of arbitrage opportunities. Therefore, arbitrage trading may present some risks depending on the strategy and execution.
Within cryptocurrency markets, the best way to profit from arbitrage opportunities is to avoid depending on blockchain transactions. For instance, if a trader wants to do arbitrage with Bitcoin in two different exchanges, it would be better for that trader to have an account on both platforms. In addition, both accounts should have enough funds to ensure they can buy and sell immediately, without having to rely on deposit and withdrawal confirmations (which may take thirty minutes or more depending on the network traffic).
Although we have at least ten different types of arbitrage strategies, traders are often referring to the one we just described, which is the more traditional form and is known as pure arbitrage. Since this strategy relies on the discovery of market inefficiencies and price disparities rather than speculation, it is often considered as a low-risk approach.
Another less popular method is called merger arbitrage (or risk arbitrage), and as the name suggests, it is a highly speculative approach that relies on a trader’s expectation of a future event to affect the price of an asset. This may include, for instance, companies acquisitions, merges, or bankruptcy filings.
Previous rounds:
Round 47:
Round 46:
Round 45:
https://www.reddit.com/r/CryptoCurrency/comments/quq0x7/cryptotrivial_contest_2021_round_45_a_brief/
Question 48: A fundraising method in which new projects will sell their cryptocurrency to investors.
Cardano Rumor Rundown November 19, 2021
Hey Everyone!
Let's go...
Newly covered today:
- Here is the coming onslaught of Cardano dApps summed up in just six lines. https://twitter.com/DCdoso/status/1461340919731523586
- Pavia says they will drop the extended land map next week and that it will include some new land types. https://twitter.com/Pavia_io/status/1461331532069711876
- The smaller “fix-it” bill that would attempt to remedy the bad crypto language in the Bipartisan Infrastructure Bill has now been introduced in the House of Representatives. https://twitter.com/jerrybrito/status/1461317078175072263
- Charles says input endorsers can improve the performance of the base layer by a factor of 20-40x!!!! https://youtu.be/Lf2C4fq4ZY4?t=790
Previously Covered but still interesting:
- Remember! There is no mobile Daedalus wallet. There is no browser extension version of Daedalus. These are fakes! They will steal your ADA. https://twitter.com/InputOutputHK/status/1445380773096398853
- The “Zombie Lobster” collaboration between Charles Hoskinson and Paul Oakenfold is actually getting coverage by the EDM media outlets! https://edm.com/news/paul-oakenfold-album-cardano-blockchain
- dcSpark releases some mockups from the experimental version of its upcoming Flint Wallet. The mockups seem to indicate that the wallet will allow for dApp interaction from hardware wallets. https://twitter.com/FlintWallet/status/1444902727956508674
- Charles is interviewed in the Harvard International Review. https://hir.harvard.edu/charles-hoskinson-1/
- The Biden Administration has revealed that it is considering an executive order to establish a government wide approach to crypto regulation. https://www.bloomberg.com/news/articles/2021-10-08/white-house-weighs-wide-ranging-push-for-crypto-oversight
- The New York Times is now talking about the difficult balancing act the Fed has before it with high inflation and less than promising jobs data creating conflicting priorities. https://www.nytimes.com/2021/10/08/business/economy/fed-jobs-full-employment-inflation.html
- Representative Tom Emmer clashes with SEC Head Gensler over the direction of crypto regulation. However, it’s unclear how much Rep. Emmer’s solution (his Securities Clarity Act bill) would solve the problem given that it only relieves issuers of securities regulation burdens after they have already complied with the “registration or exemption” hurdle. https://twitter.com/RepTomEmmer/status/1445465912375590913 https://emmer.house.gov/2021/7/emmer-introduces-legislation-to-provide-certainty-for-digital-assets-under-securities-law
- Caitlin Long revisits the articles she wrote years ago about fears of circulation credit in crypto markets. Spoiler: it came and crypto did it to itself. https://twitter.com/CaitlinLong_/status/1446874905241210880
- COTI is a licensed payment institution in Singapore. This could get very interesting given their status as the issuer of Djed and the ongoing Monetary Authority of Singapore Blockchain Challenge in which Cardano is a finalist. https://cotinetwork.medium.com/coti-lists-as-a-payment-institution-in-singapore-666c6fcaaab4
- Goldman says Evergrande is nothing compared to the potential $8.2 Trillion problem with local government financing vehicles in China. https://www.forbes.com/sites/williampesek/2021/09/30/goldman-flags-82-trillion-threat-worse-than-china-evergrande/?sh=3296c9d515cc https://www.wsj.com/articles/beyond-evergrande-chinas-property-market-faces-a-5-trillion-reckoning-11633882048
- Cardano isn’t wrong about Africa. It’s just first. Google is investing $1 Billion in African internet access over the next five years. https://techcrunch.com/2021/10/06/google-confirms-1b-investment-into-africa-including-subsea-cable-for-faster-internet/ https://twitter.com/ghostchainer/status/1445964578257395714
- SEC Commissioner Hester Peirce (cryptomom) delivers an opinion piece that investors should be allowed to make their own decisions without SEC paternalism. https://www.cnn.com/2021/10/11/perspectives/sec-commissioner-investors-regulators/index.html
- COTI has another AMA that reveals there may be more news soon for Djed. https://twitter.com/theCOTIinvestor/status/1447546724868935684
- Heads up: scammers are posing as Yoroi support staff! https://twitter.com/YoroiWallet/status/1446554949782016009
- Catalyst Fund 6 has 711 projects on the ballot! https://twitter.com/InputOutputHK/status/1448015757216976903
- Coinbase is launching an NFT market. How will this impact the CNFT scene? Coinbase tells us: “...initial launch will support Ethereum based ERC-721 and ERC-1155 standards with multi-chain support planned soon after.” https://blog.coinbase.com/coinbase-nft-is-coming-soon-join-the-waitlist-today-for-early-access-cc7bac29fd72 https://www.cnbc.com/2021/10/12/coinbase-is-launching-a-marketplace-for-nfts.html
- Eric Rosengren (who recently left the Boston Fed) let’s us know that the Fed/MIT CBDC project is pretty far along and will release a working paper soon. This would obviously be impactful for all of crypto and for Cardano. https://youtu.be/ivqFo9C2Jdo?t=409
- The first project that actually looks like it may one day be a virtual world launches on Cardano and it already has a community built parcel explorer. https://pavia.luiscarlos.pt/
- SEC Commissioner Hester Peirce (cryptomom) gave a polite but scathing speech at the Texas Blockchain Summit where she laid bare all the problems with the SEC’s current approach to crypto. After her recent opinion piece and this speech, it’s fair to say that she and SEC Chairman Gensler are in open war over crypto. How this gets resolved will determine the regulatory landscape for Cardano and all of crypto going forward. Sadly, Gensler is in charge and not vice versa. https://twitter.com/HesterPeirce/status/1448011388841037830 https://www.sec.gov/news/speech/peirce-2021-10-08
- The Fed may begin tapering it’s Treasury and mortgage backed securities purchases in mid November. This is relevant for the whole economy including crypto. https://www.cnbc.com/2021/10/13/federal-reserve-releases-minutes-from-its-september-policy-meeting.html
- Sounds like the Milkomeda sidechain is making good progress. https://twitter.com/NicoArqueros/status/1448447729689059332
- Apparently, Putin kind of accepts that crypto might choose to exist. https://www.bloomberg.com/news/articles/2021-10-14/putin-defends-cryptocurrencies-amid-global-regulation-push
- Don’t forget: today (Oct 15) is the October Mid-Month Development Update! https://twitter.com/InputOutputHK/status/1448715241961963520
- Sounds like Binance was not allowing ADA withdrawals for some period of time. https://twitter.com/Katsumoto87/status/1449723293632634882
- The Cardano Africa Tour has commenced with Charles popping up in South Africa. https://twitter.com/IOHK_Charles/status/1449304264849993731
- We got a nice Triple H update from Harrison/Hemsley/Hammond joined by Jan Mรผller in the October mid-Month Dev Update. We learned that we’ll have a maintenance upgrade toward the end of October and then PAB a few weeks later. This is extremely important since it will finally allow for the last bits of dApp buildout. The PAB is already available on the tesnet. The test dApp the team is using is an NFT marketplace. The team is watching as we see high loads around events like NFT drops. But, the network is reacting as expected. https://www.youtube.com/watch?v=XzdTyV5Jejc
- Here’s video of the Fireside chat with Charles, Dynal Patel, and John O’Connor at the Cape Innovation & Technology Initiative in South Africa. https://www.youtube.com/watch?v=vmuJFc5Qrr4&t
- A brief update dropped from Charles this morning in Africa. https://twitter.com/IOHK_Charles/status/1450124410095030280
- Duncan & Sebastien have an interesting discussion on Github that fuels Cardanophobia on the part of ETH maximalists about three weeks later. https://github.com/input-output-hk/cardano-node/issues/3247
- The Cardano Foundation is changing its delegation strategy. They will go from primarily delegating to promote decentralization to a new framework focused on delegating to promote ecosystem buildout. https://forum.cardano.org/t/cardano-foundations-new-delegation-methodology-supporting-the-architects-of-the-future/79594
- Shahaf Bar-Geffen gives us some more details about the Djed launch. He says IOHK is doing the coding and COTI is doing the business side. https://www.youtube.com/watch?v=dlPmIgJ0tE0
- In the Cap Innovation & Technology Initiative Fireside Q&A, Charles mentioned he is talking to Colossol Labs about the possibility of having the Mammoth DeExtinction Project take place on his bison ranch. There are probably some obvious NFT or tokenization use cases there. https://colossal.com/mammoth/ https://www.youtube.com/watch?v=vmuJFc5Qrr4
- Three U.S. Senators ask Facebook to discontinue its Novi crypto wallet which just launched. https://www.theverge.com/2021/10/19/22735171/facebook-novi-diem-libra-calibra-cryptocurrency-digital-wallet-zuckerberg-senate https://techcrunch.com/2021/10/19/facebook-scales-back-its-crypto-ambitions-once-again/
- There’s a new Frederik Gregaard interview out. https://www.youtube.com/watch?v=uJdRAclhL0Q
- People are buying luxury real estate in Portugal with Cardano. https://twitter.com/danny_cryptofay/status/1451113239669092356
- Over 292,000 votes were cast in Catalyst Fund 6. https://twitter.com/InputOutputHK/status/1451269575140589577
- IOHK announces a partnership with Bondly to create an NFT bridge so that users can move their non-fungible tokens back and forth between Cardano and Ethereum. https://twitter.com/InputOutputHK/status/1451251954496180229
- Interesting small thread on how further stumbles by the Chinese economy could affect the global economy which in turn might impact crypto and Cardano. https://twitter.com/i/events/1452290004433125378
- Here’s a very nice overview of the Maladex Whitepaper by ADA Whale that breaks down the hidden strengths of eUTxO for DeFi including programmable swaps composability. https://twitter.com/cardano_whale/status/1451835809913470986
- The Cardano ecosystem maps are getting so big and dense that they can’t even display logos for the projects anymore. https://twitter.com/Meapool1/status/1450576470133379072/photo/1
- There is a report that unstaked ADA is at an all time low of under 8MM ADA. https://twitter.com/IbanxStaking/status/1451944344294883331
- Check out this medium article explaining the validator underlying the Spacebudz Market. It’s very elegantly and concisely explained if you have no Haskell/Plutus understanding. It’s even more interesting if you have a tiny bit of understanding of Haskell. https://spacebudz.medium.com/spacebudz-market-71e79d1bbf34
- Atala Prism named a top 50 Most Influential Project by PMI. https://twitter.com/IOHKMedia/status/1452544441005248514
- Pavia Game Jam is coming. It sounds like they are looking to hire some Unity (game engine) developers and 3D artists. This produce interesting results in a few years. https://twitter.com/Pavia_io/status/1451596816659763213
- Charles is releasing some images of meetings with heads of state on his Africa tour. https://twitter.com/IOHK_Charles/status/1452671287977971726 https://twitter.com/IOHK_Charles/status/1452672734580838409/photo/2
- There is currently ongoing discussion about the possibility of unexpected tax liability from participation in even Fair Initial Stake Pool Offerings where there are accompanying Initial Dex Offerings. There is even discussion about the potential of exploits that could amplify this unexpected tax liability for all participants. https://twitter.com/mikerogero/status/1452502065381404675 https://medium.com/@mikerogero/tax-implications-of-the-minswap-ido-on-fiso-delegators-and-the-cardano-community-4db219ea8932
- We now have a memorandum of understanding with Burundi! https://twitter.com/jjtoconnor/status/1453087264461017092
- Fans of certain other Gen 3 blockchains are still getting hilariously worked up when they are confronted with the Messari chart on massive VC ownership of their blockchains. https://twitter.com/TamaraHaasen/status/1452924338047496193
- The new IOG stake pool delegations are out. https://twitter.com/InputOutputHK/status/1453041459477819398
- Cardano Fans is putting out some really good pieces posed as “Conversations with a Junior Blockchain Developer”. Very educational on the technical advantages of Cardano over other Gen 3 blockchains. https://twitter.com/matiwinnetou/status/1452911202913464328
- ETH based platforms are still not faring well at NOT losing the money of users. https://twitter.com/Swag_Stakepool/status/1453392923672915968
- dcSpark is making progress on the Milkomeda sidechain. ADA transitions from Cardano testnet to Milkomeda testnet now working. https://twitter.com/Milkomeda_com/status/1453421947157716992
- The stark differences between being a validator on ETH and a Cardano validator are once again put on full display. https://twitter.com/evan_van_ness/status/1453133337334272000
- There’s a new Djed explainer video out now from IOHK. https://www.youtube.com/watch?v=5-Ozaf_aGNM&t=1s
- Cardano 360 October Edition is now out and available! https://youtu.be/R0s3lPG8XDw
- The crypto time traveler is back after many months of being gone (i.e. purportedly being in the future). His first prediction after returning was about big news and a crown which was later revealed to concern the health of the Queen. His second prediction was about Cardano and gigantic success. https://twitter.com/CryptoTimeTrav2/status/1452827679300849670
- Charles was at the Ethiopian Ministry of Education today. He reports that the onboarding of the five million students is on track. https://twitter.com/IOHK_Charles/status/1453697314187534343
- The Ministry of Finance of Ethiopia has posted pics of the Cardano team meeting with them! This is an interesting turn of events. The ministry posted about a “readiness to incorporate avant-garde technology in areas of #Agri Tech, logistics, and digitization”. https://twitter.com/MoF_Ethiopia/status/1453717850766540808
- There is a new IOHK blog entry on Mithril. https://iohk.io/en/blog/posts/2021/10/29/mithril-a-stronger-and-lighter-blockchain-for-better-efficiency/
- You might have missed this IOHK blog entry on how dApp certification will be incorporated into the new light wallet (I know I did). https://iohk.io/en/blog/posts/2021/10/25/new-certification-levels-for-smart-contracts-on-cardano/
- The Cardano dApp Store is looking like it’s going to be amazing. Curation & certification without gatekeeping is a great solution to preserve decentralization and maintain censorship resistance. https://summit.cardano.org/sessions/redefining-dapp-discovery-bringing-dapps-to-the-mass-market
- There’s also a new update on Crypto Bisons! https://iohk.io/en/blog/posts/2021/10/28/buffalo-soldiers-march-to-the-heart-of-the-blockchain/
- Charles released a new AMA from Ethiopia! https://www.youtube.com/watch?v=L5au7JEPMaM
- The U.S. President’s Working Group on Financial markets has published its Stablecoin Report. No surprise: they want to regulate stablecoin issuers as insured depository institutions with federal supervisors and to curtail their affiliation with commercial entities. They also want to curtail such affiliations for custodial wallet providers. https://home.treasury.gov/system/files/136/StableCoinReport_Nov1_508.pdf
- It turns out there are some big chain reorg vulnerabilities in ETH 2.0. https://arxiv.org/pdf/2110.10086.pdf But, maybe ETH has already got fixes planned? https://twitter.com/casparschwa/status/1450785316865024000
- A partnership among World Mobile, IOHK, and Zanzibar has been announced! It’s a five year plan that focuses on education, eGov solutions, the Blue Economy (sustainable fisheries), replicating the Blue Economy model in tourism | agriculture | & telecommunications. https://worldmobile.io/blog/post/partnering-with-zanzibar-blockchain-hub/
- Alessandro has a great idea (multi-sig) to improve NFT drops over his original model that is now used by pretty much everybody! This would help mitigate the hassle of refunds and reduce some congestion. https://twitter.com/berry_ales/status/1455473647934742530
- It feels crazy that we have over 2 million Cardano wallets out there these days. Our small ecosystem has become a gigantic one. https://datastudio.google.com/u/0/reporting/3136c55b-635e-4f46-8e4b-b8ab54f2d460/page/k5r9B
- The Plutus Application Backend integration process has begun! https://twitter.com/InputOutputHK/status/1455905122802864138
- Pavia has revealed proposals for parcel size in their metaverse. https://twitter.com/Pavia_io/status/1455915006395101188
- Mark Stopka takes everyone to school on how “pool extractable value” can still be a thing in Cardano if dApp Developers don’t plan for designs that prevent it. https://youtu.be/0VloKsDjW70
- Nami Wallet will soon support hardware wallets! https://twitter.com/NamiWallet/status/1456375916918083588
- SundaeSwap has unveiled its own concurrency solution. https://twitter.com/SundaeSwap/status/1456338509870952450
- A University of Virginia School of Law lecturer outlines a crypto related “hidden felony” in the Infrastructure Bill. https://www.decential.io/features/defi-and-the-digital-asset-felony-hidden-in-the-infrastructure-bill
- IOG drops it’s Sustainability Report. https://static.iohk.io/green-blockchain-paper.pdf
- We get a view of what can actually be built on a Pavia single Parcel and news that the Pavia Map v.2 will launch soon with wallet linking and custom images. https://twitter.com/Pavia_io/status/1456667167680831491 https://twitter.com/Pavia_io/status/1456523907280822273
- The Plutus Application Backend (PAB) Beta has been released! Developers of Cardano dApps can now begin experimenting on the testnet! This is a big milestone! https://twitter.com/InputOutputHK/status/1456683592726233097
- Apparently Cardano’s transaction volume just last month in October was double all of 2020!?! https://twitter.com/CardanoStiftung/status/1456730746861748224
- Looks like Cardano (at least the logo) made the cover of the Economist?!?! https://twitter.com/cardano_whale/status/1457327848285376513
- We just saw an instance of Yoroi wallet dApp Connector integration! https://twitter.com/SundaeSwap/status/1457396024822075409
- We saw an all time high of +61k native assets issued on Cardano in one day recently! https://twitter.com/thinkgrowcrypto/status/1457130708300824576
- World Mobile just dropped a great video documenting the IOHK/World Mobile/Zanzibar visit. https://twitter.com/WorldMobileTeam/status/1457800436501467136
- It looks like Zimbabwe is looking into crypto adoption! https://twitter.com/BitcoinMagazine/status/1457703228192301058
- Apparently, there’s a new partnership between COTI and the Cardano Foundation. Sounds like we’ll hear details on November 10. https://twitter.com/shahafbg/status/1457665945963532294
- There is a Spacebudz ad running on the Nasdaq screen in Times Square right now (November 8-14). https://twitter.com/budzdegen/status/1457706024778014720
- The IOHK Haskell course in Ghana will include 80 students! https://iohk.io/en/blog/posts/2021/11/05/empowering-a-new-generation-of-innovators-in-ghana/
- A new Cardano NFT store has sprung up mentioning smart contract support and royalties for creators. https://twitter.com/jpgstoreNFT/status/1457548567032184832
- Terra Virtua is saying we’ll have our Cardano Summit 2021 NFTs by November 10th. https://twitter.com/TerraVirtuaHQ/status/1457800095101976578
- COTI is now talking about news of an IOHK Partnership to be announced on Nov. 10 in addition to the previous announcement of an announcement of the new Cardano Foundation partnership slated to be announced Nov. 10 6pm UTC. https://twitter.com/COTInetwork/status/1458129369482792967
- Here’s a beautiful thread explaining how one of Cardano’s big competitor’s tps claims may be HIGHLY misleading. https://mobile.twitter.com/EdnStuff/status/1457875177052643333
- The Galaxy Digital paper on Gen 3 blockchains is out. I think some may definitely take issue with their description of the capabilities of eUTxO smart contracts in the Cardano section. https://twitter.com/cardano_whale/status/1458271252993302535
- The Catalyst Natives program rolls out with a COTI ADAPay challenge to develop ADAPay plugins for medium & small businesses. https://iohk.io/en/blog/posts/2021/11/10/introducing-catalyst-natives-how-any-business-can-leverage-the-cardano-innovation-engine/
- The “Director of Ops” of ENS Domains runs a poll about whether or not ENS Domains or Cardano has more utility. At writing, over 30k voters had surprised him with the answer he didn’t expect.. https://twitter.com/BrantlyMillegan/status/1458268301100990467
- IOHK drops a blog entry on optimizing network performance. https://iohk.io/en/blog/posts/2021/11/10/optimizing-cardano/
- Looks like we’ll be getting both the PAB & the ERC-20 Converter in the “next several weeks”. https://twitter.com/DanielTetsuyama/status/1458209250950332418
- In macro news that could affect Cardano and all of crypto 30 year treasury bonds went vertical, and news of the +6% inflation in the US broke widely. https://twitter.com/CaitlinLong_/status/1458507405675880452
- World Mobile dropped a nice youtube AMA for us. Very interesting details came up about Microsoft Airband, Google Project X, and Project Taara. https://twitter.com/WorldMobileTeam/status/1458718340931858435
- Weiss highlights that Cardano addresses participating in staking have grown by 100k in two months. https://twitter.com/WeissCrypto/status/1458845224671887362
- The Cardano Summit 2021 Terra Virtua NFTs have arrived. Check your inventory if you did all the tasks in the Summit’s virtual worlds. https://terravirtua.io/inventory
- Pavia dropped a more detailed roadmap with live events scheduled for the plaza in Q3 2022. https://twitter.com/Pavia_io/status/1459246398046674945
- Charles is back in Colorado and has dropped a full AMA. https://youtu.be/nnDWc6uP6gs
- The November mid-month IOHK Development Update is now out! https://twitter.com/InputOutputHK/status/1459250049414799368
- Seeing reports that Cardano’s 24 hour volume recently exceeded Ethereum! https://twitter.com/cardano_daily/status/1460238659098005504
- We’ve seen a very nice and steady rise in transactions over the last 15 days! https://twitter.com/WillyzPortico/status/1460221046112456704
- The January Haskell class in Ghana will include 80 students! https://twitter.com/IOHK_Charles/status/1460259961313837058
- IOHK has dropped their new article on eUTxO dApp architecture. It explains in detail a design for an eUTxO order book. https://iohk.io/en/blog/posts/2021/11/16/architecting-dapps-on-the-eutxo-ledger/
- Apparently we saw over 1MM transactions in Epoch 302. https://twitter.com/ccvaultio/status/1460673461614006276
- Looks like Cardano is seeing a huge amount of on-chain activity. The crazy part is this is all pre-PAB. Just wait until dApps can actually launch! Unsurprisingly, some supporters of other chains were shocked to realize they didn’t understand the difference between exchange trading volume and actual blockchain use volume. https://twitter.com/cardano_daily/status/1460238659098005504 https://messari.io/screener/most-active-chains-DB01F96B
- Charles drops a short regulatory update letting us know about the proposed bill to fix the highly faulty Infrastructure Bill language and another new bill to lay out a pro-crypto comprehensive regulatory framework for crypto (including definitions for utility coins). https://youtu.be/AcBuk0zHLfU
- Here’s the announcement and the bill from Senators Lummis & Wyden to fix the bad crypto language in the Infrastructure Bill. https://www.lummis.senate.gov/press-releases/wyden-lummis-introduce-bill-to-fix-broker-definition-for-digital-assets/ https://www.lummis.senate.gov/wp-content/uploads/GAI21B7321.pdf
- Senator Lummis reveals that she is working on a big crypto bill as expected. https://twitter.com/SenLummis/status/1461004206588968965
- CIP-0030 Related to the dApp Connector has been merged. https://twitter.com/stakenuts/status/1460891981417267205
- Be aware that fake stakepools are a thing! https://twitter.com/berry_ales/status/1460917711920414723
~Army of Spies