Monday, December 6, 2021

Cardano Rumor Rundown December 7, 2021

Hey Everyone!

Let's go...

Newly covered today:

  1. SundaeSwap went live on testnet with a faucet for free testnet ADA and various ice cream flavored free testnet tokens. All compatible with Nami. https://twitter.com/SundaeSwap/status/1467795614633185280
  2. ADA Handles were a surprise integration into the SundaeSwap Testnet! https://twitter.com/adahandle/status/1467907015972323328
  3. The testnet proved valuable quickly as some improvements were identified with the scooper and they were taken offline to make those changes. https://twitter.com/SundaeSwap/status/1467897465768665090
  4. Here is a beautiful illustration of massive concurrency in action on Cardano’s testnet! https://twitter.com/ProfSmith9000/status/1467978254912946184/photo/1

Previously Covered but still interesting:

  1. 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
  2. ETH based platforms are still not faring well at NOT losing the money of users. https://twitter.com/Swag_Stakepool/status/1453392923672915968
  3. 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
  4. 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
  5. There’s a new Djed explainer video out now from IOHK. https://www.youtube.com/watch?v=5-Ozaf_aGNM&t=1s
  6. Cardano 360 October Edition is now out and available! https://youtu.be/R0s3lPG8XDw
  7. 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
  8. 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
  9. 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
  10. 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/
  11. 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/
  12. 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
  13. 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/
  14. Charles released a new AMA from Ethiopia! https://www.youtube.com/watch?v=L5au7JEPMaM
  15. 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
  16. 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
  17. 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/
  18. 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
  19. 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
  20. The Plutus Application Backend integration process has begun! https://twitter.com/InputOutputHK/status/1455905122802864138
  21. Pavia has revealed proposals for parcel size in their metaverse. https://twitter.com/Pavia_io/status/1455915006395101188
  22. 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
  23. Nami Wallet will soon support hardware wallets! https://twitter.com/NamiWallet/status/1456375916918083588
  24. SundaeSwap has unveiled its own concurrency solution. https://twitter.com/SundaeSwap/status/1456338509870952450
  25. 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
  26. IOG drops it’s Sustainability Report. https://static.iohk.io/green-blockchain-paper.pdf
  27. 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
  28. 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
  29. Apparently Cardano’s transaction volume just last month in October was double all of 2020!?! https://twitter.com/CardanoStiftung/status/1456730746861748224
  30. Looks like Cardano (at least the logo) made the cover of the Economist?!?! https://twitter.com/cardano_whale/status/1457327848285376513
  31. We just saw an instance of Yoroi wallet dApp Connector integration! https://twitter.com/SundaeSwap/status/1457396024822075409
  32. We saw an all time high of +61k native assets issued on Cardano in one day recently! https://twitter.com/thinkgrowcrypto/status/1457130708300824576
  33. World Mobile just dropped a great video documenting the IOHK/World Mobile/Zanzibar visit. https://twitter.com/WorldMobileTeam/status/1457800436501467136
  34. It looks like Zimbabwe is looking into crypto adoption! https://twitter.com/BitcoinMagazine/status/1457703228192301058
  35. 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
  36. There is a Spacebudz ad running on the Nasdaq screen in Times Square right now (November 8-14). https://twitter.com/budzdegen/status/1457706024778014720
  37. 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/
  38. A new Cardano NFT store has sprung up mentioning smart contract support and royalties for creators. https://twitter.com/jpgstoreNFT/status/1457548567032184832
  39. Terra Virtua is saying we’ll have our Cardano Summit 2021 NFTs by November 10th. https://twitter.com/TerraVirtuaHQ/status/1457800095101976578
  40. 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
  41. 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
  42. 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
  43. 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/
  44. 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
  45. IOHK drops a blog entry on optimizing network performance. https://iohk.io/en/blog/posts/2021/11/10/optimizing-cardano/
  46. Looks like we’ll be getting both the PAB & the ERC-20 Converter in the “next several weeks”. https://twitter.com/DanielTetsuyama/status/1458209250950332418
  47. 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
  48. 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
  49. Weiss highlights that Cardano addresses participating in staking have grown by 100k in two months. https://twitter.com/WeissCrypto/status/1458845224671887362
  50. 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
  51. Pavia dropped a more detailed roadmap with live events scheduled for the plaza in Q3 2022. https://twitter.com/Pavia_io/status/1459246398046674945
  52. Charles is back in Colorado and has dropped a full AMA. https://youtu.be/nnDWc6uP6gs
  53. The November mid-month IOHK Development Update is now out! https://twitter.com/InputOutputHK/status/1459250049414799368
  54. Seeing reports that Cardano’s 24 hour volume recently exceeded Ethereum! https://twitter.com/cardano_daily/status/1460238659098005504
  55. We’ve seen a very nice and steady rise in transactions over the last 15 days! https://twitter.com/WillyzPortico/status/1460221046112456704
  56. The January Haskell class in Ghana will include 80 students! https://twitter.com/IOHK_Charles/status/1460259961313837058
  57. 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/
  58. Apparently we saw over 1MM transactions in Epoch 302. https://twitter.com/ccvaultio/status/1460673461614006276
  59. 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
  60. 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
  61. 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
  62. Senator Lummis reveals that she is working on a big crypto bill as expected. https://twitter.com/SenLummis/status/1461004206588968965
  63. CIP-0030 Related to the dApp Connector has been merged. https://twitter.com/stakenuts/status/1460891981417267205
  64. Be aware that fake stakepools are a thing! https://twitter.com/berry_ales/status/1460917711920414723
  65. Here is the coming onslaught of Cardano dApps summed up in just six lines. https://twitter.com/DCdoso/status/1461340919731523586
  66. 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
  67. 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
  68. Charles says input endorsers can improve the performance of the base layer by a factor of 20-40x!!!! https://youtu.be/Lf2C4fq4ZY4?t=790
  69. MSN.com runs a positive Motley Fool article on Cardano. https://www.msn.com/en-ca/money/topstories/in-the-world-of-crypto-cardano-could-be-a-real-winner/ar-AAQWzzf
  70. The updated list of Cardano researchers now numbers 152. https://twitter.com/DIGI_StakePool/status/1462536768658542604
  71. A new wallet has been announced. https://twitter.com/TyphonWallet/status/1462410333939658752
  72. Charles dropped a new AMA where he mentioned very briefly that they are actually going to look into read-only UTxOs. If it’s possible to have these types of UTxOs while preserving determinism, it would be a big change since transactions must currently consume inputs. https://www.youtube.com/watch?v=NJcVEJ1a6eg Some background reading on read-only UTxOs: https://github.com/Emurgo/Emurgo-Research/blob/master/smart-contracts/Unlocking%20The%20Potential%20Of%20The%20UTXO%20Model.md
  73. Apparently, we have surpassed 20MM transactions on the Cardano network. https://twitter.com/CardanoTech/status/1462805643874680835
  74. World Mobile gives a peek at their aerostat hanger where they will launch balloons to connect the unconnected in Africa. https://twitter.com/WorldMobileTeam/status/1462715361015521280
  75. Pavia has dropped some very cool images of their avatars (or at least “background characters”). https://twitter.com/Pavia_io/status/1461713781122232327
  76. Remember, Cardano 360 is the last Thursday of every month. That means this Thursday, November 25th! https://twitter.com/InputOutputHK/status/1462793042587443206
  77. Jerome Powell is named to a second term as Chairman of the Federal Reserve. https://www.wsj.com/articles/biden-will-tap-jerome-powell-for-new-term-as-fed-chairman-11637589600
  78. We got another Plutus Application Backend (PAB) release today (11.22)! https://github.com/input-output-hk/plutus-apps/releases/tag/v2021-11-22
  79. CMC is now showing Cardano native assets! https://twitter.com/matiwinnetou/status/1462902025633554444
  80. It looks like we’re getting a block size increase and a plutus script memory increase on December 1, 2021. https://iohk.io/en/blog/posts/2021/11/22/slow-and-steady-wins-the-race-network-evolution-for-network-growth/ https://twitter.com/cardano_whale/status/1463097104331468803
  81. Pavia has partnered with ReadyPlayerMe so that you can build your own avatar. https://twitter.com/Pavia_io/status/1463103151893106688
  82. Charles drops a video on the eToro user limitations. It sounds like IOHK knew nothing about this. Interacting with exchanges falls in the Cardano Foundation’s wheelhouse. It’s unclear whether the CF knew anything. He also pointed out it’s very interesting that an old line exchange like Bitstamp has decided to LIST Cardano during this same period. Charles also mentioned that they haven’t seen any regulatory activity on IOHK’s end. eToro is a relatively small source of liquidity for Cardano and there shouldn’t be much of an impact. https://youtu.be/WYQTkf8ndpY
  83. The Pavia map is expanding on Wednesday, Nov. 24th at 1500 UTC with a second land sale. https://twitter.com/Pavia_io/status/1463153632484941834
  84. Charles drops a video about the Caravan moving on despite any FUD (like eToro) that temporarily emerges. https://youtu.be/IjXkP_DGRgY
  85. The Pavia second land sale saw demand vastly outstrip supply to become (reportedly) the biggest Cardano NFT drop ever. https://twitter.com/Pavia_io/status/1463560375442591753 https://twitter.com/Pavia_io/status/1463547885539278849
  86. World Mobile got some positive coverage in Tech Crunch! https://techcrunch.com/2021/11/23/world-mobile-group-bringing-zanzibaris-online-through-mobile-network-built-on-blockchain/
  87. Looks like COTI’s Djed project has teamed up with SundaeSwap. https://twitter.com/COTInetwork/status/1463480313506668546
  88. The minutes from the Fed’s November FOMC meeting have been published and indicate they are ready to taper asset purchases and raise rates to combat inflation. Some members felt even faster tapering than is currently planned is warranted. These are impactful revelations for crypto. https://www.cnbc.com/2021/11/24/federal-reserve-releases-minutes-from-its-november-meeting.html
  89. IOHK drops a new article on a tiered transaction fee system that would still preserve determinism. https://iohk.io/en/blog/posts/2021/11/26/network-traffic-and-tiered-pricing/
  90. Here’s a good concise tweetstorm inspired by the Raul Pal/ Breedlove conversation about how the last 100 or so years led us here to this macro environment and crypto. https://twitter.com/JamesRothmann/status/1464305493099393028
  91. Interesting discussion of the SundaeSwap ISO, the Scooper Model, and decentralization. https://youtu.be/94N8KXNs_as
  92. John O’Connor drops an IOHK article on “RealFi” including thoughts on the ramifications of validated identity for uncollateralized loans in markets like Kenya and the projects in Ethiopia and Zanzibar. https://iohk.io/en/blog/posts/2021/11/25/welcome-to-the-age-of-realfi/
  93. The Cardano dApp ecosystem maps continue to grow to silly proportions. https://twitter.com/Coin98Analytics/status/1463782688502915075/photo/1
  94. There is at least one “Cardano” baby. Is this the first or have there been others? https://twitter.com/Brunokarno1/status/1464762911746773002
  95. The % of total ADA staked is still over 71% (11.29). https://twitter.com/matiwinnetou/status/1464921027922866188
  96. The Cardano Community takes a moment to enjoy contemplating the circumstance that there will never need to be a “magical Cardano 2” in order for our blockchain to survive. https://twitter.com/IOHK_Charles/status/1465089315340488704
  97. There are three new Cardano Improvement Proposals (CIPs) related to Plutus and the dev experience. https://twitter.com/_KtorZ_/status/1465345098619760643
  98. Strong words from Philip Wadler on why Solidity is so terrible for smart contracts. https://twitter.com/cryptomaxpwr/status/1465223788144955393
  99. Interesting point by Charles regarding Cardano having the expressiveness of Ethereum and the attack surface of Bitcoin. https://twitter.com/IOHK_Charles/status/1465369644408049668
  100. It looks like there is another Cardano project that says it will attempt to increase connectivity in sub-Saharan Africa. https://3air.io/
  101. Charles dropped a video with his thoughts on ISPO’s and regulatory issues. https://youtu.be/bCEYizNPptYADA Whale makes a very good point about Cardano inflation vs. almost all of it’s competitors. https://twitter.com/cardano_whale/status/1465673768047570954
  102. Sundaeswap is planning to hit the testnet this weekend. https://twitter.com/InputOutputHK/status/1466110936369008640
  103. We are approaching 1 million staked addresses! https://twitter.com/RichardMcCrackn/status/1465924981150208005
  104. ADA Whale drops a Top 50 Cardano dApps list. https://twitter.com/cardano_whale/status/1465907181086130179
  105. Yet another hack has occurred in Ethereum DeFi. This one is being listed at $31MM. https://twitter.com/Gr88nCardano/status/1466013936164216832
  106. Cardano increased it’s blocksize and Plutus Script Memory yesterday (12.1.21)! https://twitter.com/InputOutputHK/status/1466086538207547393
  107. Looks like more theft in ETH DeFi (“Robbery Forest”). Reports coming in that Badger DAO has lost $120MM. https://www.coindesk.com/business/2021/12/02/badger-dao-protocol-suffers-10m-exploit/
  108. Liqwid has announced that they are integrating Chainlink price feeds. https://twitter.com/liqwidfinance/status/1466404699284938756
  109. IOHK drops a new video with Pi Lanningham of SundaeSwap regarding the tools that SundaeSwap has open sourced as part of its approach to launch. https://twitter.com/InputOutputHK/status/1466480233004113926
  110. Cardano has reached one million wallets staked. https://twitter.com/IOHK_Charles/status/1467351929047044096
  111. Cardano still remains secure. Meanwhile a gigantic bug in Solana that could have been exploited for six months was reported. https://www.theblockcrypto.com/post/126318/solana-library-bug-could-have-seen-attackers-stealing-27-million-an-hour
  112. Robbery Forest can’t seem to go a day without doing its thing. This time it was apparently $150 million. https://twitter.com/sheldonbitmart/status/14673162528552263

~Army of Spies


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Bitcoin, Ethereum, Dogecoin Regain Momentum, 'Post Mortem' Indicates Why 'Flash Crash' Happened - Crypto

The color green made a comeback to the market as the global cryptocurrency market cap rose 4.26% to $2.37 trillion at press time.

What Happened: The apex cryptocurrency, Bitcoin (CRYPTO: BTC), rose 3.41% to $50,684.63 over 24 hours. For the week, it has fallen 11.85%.

Ethereum (CRYPTO: ETH) traded 4.33% higher over 24 hours at $4,336.46. Over the last seven days, it has fallen 3.27%.

Meme cryptocurrency, Dogecoin (CRYPTO: DOGE) was up 5.23% at $0.18 over 24 hours. For the week, it has plunged 18%.

DOGE rival Shiba Inu was up 6.36% over 24 hours at $0.00003763. Over the last seven days, it has declined 15.09%.

The token related to the peer-to-peer file-sharing network BitTorrent was the top 24-hour gainer, as per CoinMarketCap data. It spiked 33.41% to $0.003261 over 24 hours. For the week, it is up 1.64%.

Other notable 24-hour gainers were Bitcoin SV, Loopring, Polygon, and Avalanche. Bitcoin SV was up 23.04% at $146.81, Loopring gained 22.64% to $2.43, Polygon advanced 15.14% to $2.26, and Avalanche rose 11.17% to $93.53 in the period.

Why It Matters: On Monday, CryptoQuant CEO Ki Young Ju shared a chart depicting the Exchange Whale Ratio (72 hours moving average). As per CryptoQuant, in a bull market, the ratio often keeps below 85%, while in a bear market or fake bull market it keeps above 85%. 

Ki had earlier pointed to the Exchange Whale Ratio touching 91% and said that Whales are depositing BTC to exchanges.

In a “post mortem” of last week’s “Flash Crash,” Delphi Digital attributed the events to “an utter collapse in market microstructure.”

“The bid-ask spread for a $5M order in perp markets ranges from 0.1% to 0.5% (on bad days). On this occasion, spreads for a $5M order momentarily rose as high as 2% on Binance, 4.2% on FTX, 4% on BitMEX, and 11% on Deribit.”

The independent research boutique too pointed the finger at a “few entities” for the crash. 

“For once, this calamity was catalyzed on spot markets, where a few entities market sold a large amount of BTC over a very short time period. In essence, these large sell orders ate through buy walls.”

This in turn caused an unwillingness on the part of market makers to extend liquidity for a brief amount of time until BTC bounced off the $42,000 level and that is when normality resumed.

“Alas, this was a short-lived liquidity crisis that escalated bearish overtones,” wrote Delphi Digital in an emailed note.

Craig Erlam, a senior analyst at OANDA, noted that whatever the cause of the crash BTC could still remain “vulnerable” in the near future as it struggles to track other risk instruments higher on the day. Notably, his comments were made when BTC was trading under $50,000 levels.

The analyst noted that “Bad news on Omicron could really put [Bitcoin] under pressure.”

Meanwhile, Simon Dedic, the managing partner at Moonrock Capital, a London-based blockchain advisory and investment partnership firm tweeted that the fundamentals of BTC and ETH have not changed.


What is a cold wallet and a hot wallet

A wallet is a tool for storing and using digital currency. One coin corresponds to a wallet. Used to store currency, or "transaction" currency.

Cold wallet

A cold wallet is a wallet that is not connected to the Internet, also called an offline wallet.

Hot wallet

A hot wallet is a wallet that stays online, that is, an online wallet. Cold wallets are safer than hot wallets if they are not connected to the Internet.

The average person does not actually need such a professional and safe cold wallet, just use a hot wallet.

However, the platform for issuing the currency must be used. A series of theft events such as "Ethereum forked Ethereum for the most stolen currency" and "Bitcoin virus extortion" are enough to prove the "importance of offline wallets". . When you don’t need to use coins, put the coins in the cold wallet and cut off the Internet connection, so that even hackers will have no way to attack and steal your coins. Because no one can guarantee the absolute security of the Internet 100%, in order to stolen digital currency, you can store the currency in a cold wallet, and then transfer it to the hot wallet when you need it.


MARA announcement/catalyst soon:

MARA announcement/catalyst soon:

2020 (note the timing)

12/11/20 - $200M stock offering

12/28/20 - MARATHON PATENT GROUP PURCHASES 70,000 S-19 ASIC MINERS FROM BITMAIN FOR $170 MILLION (17 days later)

2021

11/18/21 - MARATHON DIGITAL HOLDINGS, INC. CLOSES UPSIZED $650.0 MILLION CONVERTIBLE SENIOR NOTES OFFERING

12/6/21 - (today) 18 days later...

  • Mara still sitting on over $650M of cash from the above debt offering
  • Shortly before the offering was assnounced on the 12th of November Bitmain unveiled their new Antminer S19XP - Bitmain Escalates Bitcoin Mining Arms Race With Most Powerful Hardware In History - Estimated Price of $10.5k a rig, estimated delivery time 7-10 months
  • $600M will get MARA about 57,000 S19XP rigs, which would hypothetically increase their YE 2022 hash rate by about 8,000 PH/s, bringing their total 2022 YE hash rate to about 21,360 PH/s [they currently anticipate 13,360 PH/s by Mid 2022]
  • 21,360 PH/s is about 12% of the current total global hash rate and almost twice the next highest hash rate that any other publicly traded miner currently has planned for 2022
  • TLDR - Huge announcement soon, Mara go moon

The Positive Side of Recent Selloff | Crypto Market Update and Investing Report 12.6

To Follow my other crypto research and writings

Overview

· Market Insight: The positive side of the selloff

· Major Market News

· Notable Events

· Newbie’s Lesson of the day: Plan B and the Stock to Flow Model

· Coins to watch this week

Market Insight: The positive side of the selloff

It was a very bearish weekend for crypto holders, Bitcoin fell as low as 42k losing 20% in a span of four hours late Friday night. Some traders took the opportunity to get into popular Altcoins such as ETH, MATIC and LUNA. These Altcoins have been some of the best performers of the past couple of Weeks. They carry some of the highest TVL and highest adoption rates. I will favor these coins in the coming months to outperform if the market decides to return to bullish form. More speculative Altcoins, such as Cardano and Polkadot didn’t fare as well.

Gains/Loss (Dec 2 – present vs Bitcoin)

ETH/BTC +7.36%

LUNA/BTC +9.15%

MATIC/BTC +0.04%

SOL/BTC -5.72%

ADA/BTC -20.22%

DOT/BTC -23.62%

A move from Bitcoin to Altcoins during market selloffs is atypical behavior. Bitcoin Dominance (BTC.D) is nearing all-time low of 39.64%, hitting as low as 40.65% on December 5th. It will be interesting to see if Bitcoin breaks this level or if it begins to recover.

Figure 1 BTC Dominance %

The Good

Not all news is bad from the market selloffs. It set the stage for a massive deleveraging where $5.4 billion in futures contracts were closed. This helped lower the leverage ratio that was sitting at highs for the year. December 4th saw $2.5 billion in both long and short liquidations. Shaking out leverage will help the market return to a more natural state of being.

Figure 2 BTC Exchange Leverage Ratio

Figure 3 Liquidations

Crypto Market Update

· Bitcoin (BTC) has been significantly quiet since the major selloff with two days of low-price volatility. BTC currently sits on major resistance that pans at 48k - 50k.

· Bitcoin Dominance (BTC.D) continues its downward trajectory to 40.84%.

· Terra (LUNA) takes a breather after hitting all-times highs despite market turbulence. LUNA is down -5.78%. I will explain why LUNA is doing so well when I cover it later this week. Here is a hint from my past report on LUNA.

· Polygon (MATIC) continues its upward movement up +7.02% for the day and 21% in the past 3 days. Volume has significantly increased in MATIC. It is being aided by new zk-Rollup scaling efforts and new funding efforts.

Bitcoin Fear and Greed Index 16 Extreme Fear

Bitcoin Google Trends 36

Check out why I use Bitcoin Fear and Greed Index in my reports

Major Market News

  • · The Bank of International Settlement, owned by worldwide central banks, publish a report naming decentralized finance (DeFi) a “decentralized illusion” and stating that it would “undermine financial stability”. DeFi protocols currently have $246 billion in Total Value Locked (TVL). Banks are beginning to see the real threat in decentralizes finance, expect these articles to appear more over time.
  • · Gray Scale has completed a survey in order to help sway their case in convincing the SEC to bring about a Bitcoin spot price ETF. The survey discovers that 25% surveyed investors currently hold Bitcoin.
  • · The Biden Administration has released “Strategy on Countering Corruption” report that cited digital assets, real-estate markets and offshore tax havens as areas of focus.
  • · The New Yorker published “Half a Billion in Bitcoin, Lost in the Dump”. An article about a Welshman’s attempt to find a hard drive discarded many years ago with billions of dollars-worth of bitcoin in today’s price.

Notable Events

· Nakamoto Games (NAKA) has its mainnet launch

· Syscoin (SYS) has NEVM Mainnet launch

· DefiChain (DFI) begins full DEC liquidity rewards

· Elastos (ELA) Block Rewards Halving tomorrow

· You can now join the CRYPTO VS ZOMBIE IDO

NEWBIE’S lesson of the day

Plan B stock-to-flow model

Bitcoin has broken a major trend with recent selloffs which I will touch upon sometime this week. To set you up, I’ll first explain Plan B’s stock to flow model so you may have an understanding where some Bitcoin price predictions stem from. I’ll also give you some resources if you would like to further investigate Plan B.

Bitcoin has been a historically hard asset to model because nothing like it has existed before. It was created and set free on the world. Bitcoin originally had the concept of being a pure currency and many celebrated when it reached one dollar in value. But price continued to increase due to its scarcity and low supply flow. Bitcoin was then touted as electronic gold until the recent narrative which labels Bitcoin as a financial asset. The evolution in name and purpose is likely not complete. The ever-changing landscape in Bitcoin and Crypto creates difficulty in pricing these assets.

Plan B is an anonymous online persona that began purchasing Bitcoin in 2013. He may be an institutional Dutch Investor that has degrees in quantitative analysis and in banking and financial law. Inspired by the stock to flow models for gold and scarce assets in The Bitcoin Standard, Plan B created a stock-to-flow model for Bitcoin in 2019.

Bitcoin S2F Model

The model takes into consideration the unique supply structure and halvings of bitcoin and has been the most historically accurate model devised. The white line in the model is the supply structure for Bitcoin, where the steep steps represent halving. The dots represent price, with colors representing the proximity to halving. Red is the farthest point from halving and blue is the closest.

The S2F model has garnished worldwide popularity because of its historical accuracy. If you ever wondered where the 100k bitcoin predictions for this cycle came from, it’s from this chart. Though it’s not perfect, the S2F model has been fairly accurate in predicting long term price patterns. You can follow Plan B on Twitter @100trillionusd. To learn more about Plan B and the S2F model visit this site.

Now that you know about the S2F model, stay tuned to the reports this week to see where we currently stand in price and predictions.

Coins to watch this week:

· Ethereum (ETH)

· Polygon (MATIC)

· Terra (LUNA)

· Cardano (ADA)

· Algorand (ALGO)

I plan on diving deep into understanding this large selloff for this week’s reporting in hopes that it gives us insight on how to devise a plan for the short-term future. I will get into technical analysis, on-chain metrics and gather some opinions from other sources. Stay tuned and continue accumulating that crypto!

Thanks for reading fam

TraderGabi

To Follow my other crypto research and writings


I did the math on whether the weekend drop was a "DIP" or a "CRASH" (so you don't have to)

Hi guys!

I have a short post today for once! First of all, please believe me when I say that I'm not here to scare anyone, and that WHATEVER that happened in the past DOES NOT determine the future.

I've seen some debate over whether what happened this weekend was a DIP or a CRASH. To be honest, I thought it was a dip as it was happening. I thought the word "crash" was a bit dramatic. But being a person of numbers and as a self-proclaimed connoisseur of cryptocurrency dips, I thought I'd do the math.

log10(bitcoinUSD) from 2018-10-02 to today. Marked in red are all instances where the price fell as dramatically as this weekend. Dip scores (aka z-scores) are calculated based on volume-adjusted 2-week historical prices.

Since 2018 to today, there have only been four instances where prices saw such dramatic decrease (z-score < -5):

  1. 2018-11-14 @ 16:40 UTC (local avg z-score: -8.2)
  2. 2019-09-25 @ 00:22 UTC (local avg z-score: -6.7)
  3. 2020-03-12 @ 12:09 UTC (local avg z-score: -5.1)
  4. 2021-12-04 @ 6:01 UTC (local avg z-score: -5.3)

Most of these actions were short (done within few hours of starting), and they were somewhat followed by what seems like sustained "bear-ish" periods. What happened in May of this year was close behind @ z-score of -4.35 as well, so please keep in mind that these cut offs are pretty arbitrary.

With that said, I haven't been around for that long so if you have been around since then, please leave a comment on how the morale was back then and how you feel today post-dip/crash.

Edit: So was it a crash of a dip? HMM all I can say is that it was a very rare event. Ah I wish I can edit my title... I'm sorry.


Faded Passwords

Accumulation of deceased logins and passwords will become a boutique industry in the future. Like NFT's today. Genuine human created usernames, logins, and passwords will be a curio in the disTechnian future. We're living on the tarnished veneer of the gold plated age of the internet. Crypto currencies are just a new lottery, occupying time and lives. How many man-years are spent a day across the world in thinking, "If only I had bought in when I had a chance?" No one every thinks that and feels better. And where are the stories of bitcoin charities? Of Hospitals and orphanages and universities springing up, fully formed, from the largesse of those fortunate enough to have gained the wealth of kings overnight?

But the passwords. When quantum computing becomes commonplace. When a combination of capital and lower case letters, numbers, and symbols provides as much protection as cellophane to our digital lives, harsh truths will emerge. All manner of deception will be revealed. The inability to keep demons locked in our own heads will be remarked on. And the ultimate banality of humanity will be exposed beyond the capacity of any conspiracy theory. The desire of individuals for their brains to give them dopamine, and the efforts of others to control those desires. For those aware to place roadblocks, demand labor in return for people to feel their own bliss. (Originally religion, but anything that involves selling. Sizzle is the great driver of the economy).

When society has moved past that, our petty emails and social media accounts, our banking history and location data, will all be angles and lines on the digital portrait of our lives. Fascinating threads for internet archeologists to watch the ebb and flow of our lives at the turn of the millennium. Where economic inequality is still a cause, where multiple nation states operate in their own interests, where people reject medical science but desire better health. Where spoken language changes, and is marked in real time, along with the creation of emoticons => emoji => ???

In the near term, we are carelessly documenting everything, and saving everything to a limitless cloud, out of convenience. But unlike a dusty trunk left in the attic, all these notes will be available to anyone, anywhere, or any program that is looking for any shred of profit.

In the long term, we are leaving our digital DNA behind. In a disappointing twist, we could all be ghosts in a simulation. Personalized echoes of real people being put through existence to determine the success of the next product launch. The cycle of life and rebirth perpetuated to determine the ideal color scheme for the next cycle of fashion kitchen appliances. The joke of enlightenment being that once you realize it, your file is deleted from the program due to corruption. The great escape of dissolution, the only true freedom is to stop interacting.

Passwords create an illusion of security, an illusion of value placed on whatever we put behind them. Amazon created an algorithm to identify people by giving them product choices to make, and referencing their purchase history. The surprise wasn't that it worked, but how well, and how few choices were needed to pinpoint you. I don't know what metric is used to score a novelty ball cap vs. parachute pants vs. organically harvested coffee, and what subset of people that places me in. But the only reason not to implement that seems to be the consequences of customers realizing the deeper implication. That maybe defining ourselves by our possessions is futile. That the choice between a $10 coffee press and a $1000 cappuccino machine is ultimately $900 and a data point away from someone else. You're both getting a cup of black water with an addictive substance in it, and the joke is, you're both making it yourself.

Given that Amazon and every meta data farming company out there know what I want before I do, it's in their interest to prevent me from buying anything that gives me lasting happiness or utility, if that's a thing. If I could buy my perfect cutting board, my ideal knife block set with easy to use sharpener, they'd lose out on revenue. Any site that profits other cannot provide satisfaction, or they cannabalize their own model. Instead, they jockey between each other for my attention, and in return I give them the tangible results of my labor.

Like the graph of the uncanny valley, the goal is to edge closer and closer to that first peak of sympathetic dopamine release. Artificial happiness which is aware of its nature. That shallowness of the boyfriend pillow, of chat-bots, of facebook posts which garner not just a like, but the equivalence of human interaction - an emoji face! How is accepting that level of imitation intimacy any worse than any other fandom? Anime conventions, furries, sporting events, special interest clubs? Maybe nothing, if it can lead to crossing that gap to real human interaction. A knowledge of self gained form knowing someone else. But there are so many options available, so many diversions to take to feel satisfied without lasting effect. We are drowning in pilot episodes, and money to be made in pumping out more diversion. The search for meaning as a quest for completionism. If we don't find the Truth in the story, it must be in the ending!.

Game of Thrones and Lost were both hugely successful, but couldn't deliver a satisfying ending. Stephen King is a prolific story starter. What is so hard with endings? That all of the meat is on the middle of the bone? Nobody wants to start eating a chicken leg from the bone end. Or are we addicted to the dynamism of the story? And no ending can give us a lasting satisfaction. What does that say for life? Addictive behavior is just an effort to maintain momentum that feels good. Our engines were built to run, we just don't know how to do that. We imagine ourselves as show cars stuck in traffic, but really we're tractors driving in circles while texting. And then angry that all we've done is dig ourselves deeper in a rut.

Always be starting something. Start enough stories, and you'll always be cresting waves of satisfaction. Or disengage completely, and if you vanish from space and memory,


Google Cloud Accounts Hacked by Bitcoin Miners

Bitcoin and other cryptocurrencies have come under fire in light of the fact that crypto mining is an expensive undertaking – in fact, tech influencers like Tesla billionaire Elon Musk have gone on record for criticizing Bitcoin based purely on environmental concerns.

Google has revealed that the miners of Bitcoin and other digital assets have been using compromised Google Cloud accounts to bolster their mining efforts in the cloud.

The recent breach of Google’s platform security was documented in a report by the American tech giant’s cybersecurity team. Titled “Threat Horizons”, the publication brought attention to the cyber developments as part of its commitment to serve cyber intelligence to organizations – the effort is seen as a step towards maintaining a healthy state of cybersecurity in the cloud.

According to the report, as many as 86 percent of 50 recently-hacked Google Cloud events were being leveraged by crypto miners to intensify their operations. The most obvious problem with this occurrence is the fact that the crypto miners are exploiting the accounts while avoiding the requisite cloud fees.

The Google report noted that while the crypto miners are able to amass cryptocurrency from the hacked Google Cloud Accounts, the account owners are left to pay for usage bills for services they never accessed.

Rogue Miners Exploit Weak Account Security

According to Google, third party access to the compromised Google Cloud accounts was traced back to the most common reasons why people get hacked in the first place. It turns out that the crypto miners took advantage of weak account security to access the cloud accounts for their benefit.

The tech firm intimated that 48 percent of the cases involving compromised accounts were associated with cloud accounts with weak or no passwords, including no authentication mechanisms for APIs.

Nonetheless, 26 percent of the incidents were blamed on a vulnerability in third-party software within the Cloud – 12 percent was linked to “other issues” The Google analysis also designated another 12 percent to the misconfiguration of Cloud instances or in third-party software while only 4 percent of the hacks was attributed to leaked credentials.

The tech giant asserts that a majority of the incidents were actually machine-led and thus did not feature any human control. The conclusion was made as a result of findings that showed that mining software had been downloaded to the instances within a shocking 22 seconds of being hacked.

https://preview.redd.it/9dd7orpk90481.jpg?width=1000&format=pjpg&auto=webp&s=5d3e44adf95323fb684c477b9a18cf3fac989854


DECEMBER 2021! HUGE UPDATES 🚀

Please check out our latest medium article! It has a huge update on what's been going on behind the scenes as well as some amazing teasers of our new redesign and branding!

https://medium.com/@minersofficial/miners-december-2021-massive-update-brand-designs-and-major-releases-coming-up-76e931adfae2

The Major points from Medium Article:

  • New Brand Identity & Website to Embody our Mission
  • PR outreach firm secured
  • Adding Miners and Hashrate Capacity
  • Visit to Cyberian Mine and the Largest Bitcoin Conference
  • 2X Buy-Backs and Burn Events + Added Marketing Tax
  • Dashboard Launch (beta) and Development of Full Dashboard and Mobile App (pending release)
  • Instagram Launch, TikTok Launch, Youtube Channel Launch, and New Videos
  • Marketing Timeline

https://preview.redd.it/0ljb5nze60481.jpg?width=1921&format=pjpg&auto=webp&s=da2160851c9ea3fb6380c9de26741c88b1d89c6c


Expanded Version of the r/DeFiDescribed Rules

Expanded Rules

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Rule 10 - Communicate With the Mod Team

  1. Report rule violations. Do not assume someone else will report it. The rules are only as good as they are enforced. Mods cannot be everywhere at once so it is up to the community to report rule violations when they happen.
  2. Do not submit meta posts about community issues in r/DeFiDescribed. Instead, post the issue on r/CryptoCurrencyMeta or message the modmail with any concerns you have.
  3. Misrepresenting your interactions with the mods or the circumstances of your ban or post removal may result in a ban, ban extension, or permanent ban. This includes posts outside of r/DeFiDescribed.

Given all of this Craig Wright stuff, how in the f*** is it possible we don't actually know who Satoshi Nakamoto is/was?

I have read stories over the past week about people who claim to have "worked with" Satoshi at the beginning of Bitcoin. Even if Satoshi is a pseudonym, I genuinely don't understand how such a secret could have been kept over all this time???

Is it really possible that the original/core group was so tight knit that they kept the secret? TBH, given the history of world events, it seems the most plausible scenario might be that Satoshi was a lone wolf who got whacked by China or the CIA or something in hopes of killing the project.

Of all the black boxes and things I don't understand about Crypto (and believe me there are many) this is one thing that I just can't get over.

What are the best theories you've heard about this?


New sponsorship alert! We are excited to be sponsoring The Blockchain Event in Fort Lauderdale, FL. Feb 8-11, 2022. Will you be there? Let’s schedule a Catenis demo in person so you can see why we are the leaders in building on the Bitcoin Blockchain. https://blockchainofthings.com/contact-us

https://i.redd.it/q09km79kiy381.png

New sponsorship alert! We are excited to be sponsoring The Blockchain Event in Fort Lauderdale, FL. Feb 8-11, 2022. Will you be there? Let’s schedule a Catenis demo in person so you can see why we are the leaders in building on the Bitcoin Blockchain. https://blockchainofthings.com/contact-us

https://i.redd.it/j64lnz2oiy381.png

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Nov 29 - Dec 6 Good Crypto Weekly Market Summary

Quick weekly news:

  • Academic research claims ETH is a 'superior' store of value to Bitcoin: Read more here.
  • Jack Dorsey's Square is Undergoing a Big Rebrand: Read more here.
  • Goldman Sachs, Other Wall Street Banks Exploring Bitcoin-Backed Loans: Read more here.

Other notable events include:

  • Adidas dives into the Metaverse and NFT
  • BSC and Animoca Brands launch $200M investment program 

Adidas dives into the Metaverse and NFT

Adidas has collaborated with NFT projects Bored Ape Yacht Club, GMoney, and PunksComic.

“Today we leap Into The Metaverse with Bored Ape Yacht Club, GMoney, and PunksComic. It’s time to enter a world of limitless possibilities."

As a reminder, last week Adidas signed an agreement with cryptocurrency exchange Coinbase and is creating a Metaverse with The Sandbox.

BSC and Animoca Brands launch $200M investment program 

Binance Smart Chain and Animoca Brands have teamed up to launch a $200M investment fund to support early-stage GameFi projects. Blockchain games that use cryptocurrency or NFTs hit this year with a hugely successful mix of games and crypto, helping Animoca Brands successfully raise several rounds of funding, including a recent $65 million round that raised the company’s valuation to $2.2 billion.

The BSC and Animoca Brands partnership aims to significantly increase the acceptance of blockchain technology and bring a billion new users into crypto.

Also, be sure to check out top altcoin gainers and losers of the week ⤵️

https://preview.redd.it/av91s0jblx381.jpg?width=1200&format=pjpg&auto=webp&s=a1288fd88a784e5c4f04d4a94c6885a21efaef16


List of Today's and Tomorrow's Upcoming Events

I will be bringing you upcoming events/announcements every day. If you want improvements to this post, please mention /u/houseme in the comments. We will make improvements based on your feedback.

 

https://kryptocal.com | /r/kryptocal | Android | iOS | Telegram Interactive Bot (add cryptocalapp_bot) | Telegram Channel @kryptocal

 

ADD AN EVENT

If you like an event to be added, click Submit Event, and we will do the rest.

 

NEXT DAY UPCOMING EVENTS


 

General

Syscoin(SYS) NEVM Mainnet Launch December 6, 2021
ZenCash(ZEN) Weekly Insider #115 December 6, 2021
Stox(STX) SIP-012 Upgrade December 6, 2021
Bitcoin File(BIFI) Twitter Spaces w/ Cronos December 6, 2021
MesChain(MES) Token Burn December 6, 2021
DeFiChain(DFI) Liquidity Mining Rewards December 6, 2021
Odin Protocol(ODIN) Muspelheim NFT release December 6, 2021
Pancake Hunny(HUNNY) HunnyPoker Launch December 6, 2021
NFTb(NFTB) Chimeras INO December 6, 2021
Kommunitas(KOM) SIW Private Sale IKO December 6, 2021
Babylons(BABI) Weekly Buyback & Burn December 6, 2021
Nakamoto Games(NAKA) Mainnet Launch December 6, 2021
Ari10(ARI10) ARI10 x wymienbitcoina.pl December 6, 2021
SolChicks Token(CHICKS) TGE Launch December 6, 2021
KuCoin Shares(KCS) AMA December 7, 2021
Rise(RISE) Twitter Spaces AMA December 7, 2021
BOSAGORA(BOA) Global ESG MetaCitySummit December 7, 2021
General Event(CRYPTO) CoinAgenda Caribbean December 7, 2021
PAID Network(PAID) Rainmaker Games IDO December 7, 2021
NFTb(NFTB) Localtrade IDO December 7, 2021
Kommunitas(KOM) GEOPOLY IKO December 7, 2021
Betu(BETU) New Fantasy League: UFC December 7, 2021
Meme Lordz($LORDZ) Mainnet NFT Launch December 7, 2021
Revolve Games(RPG) Mainnet Launch December 7, 2021

 

Bounty Programs

Stox(STX) ALEX x Syvita Hackathon December 6, 2021

 

Software/Platforms

BitcoinZ(BTCZ) Added to Simplio Wallet December 6, 2021

 

Exchanges

Donationcoin(DON) KuCoin Listing December 6, 2021
BITFID(FID) MEXC Global Listing December 6, 2021
Pangolin(PNG) MEXC Global Listing December 6, 2021
Privapp Network(BPRIVA) Bitget Listing December 6, 2021
BlueSparrow Token(BLUESPARROW) Bitforex Listing December 6, 2021
YetiCoin(YETIC) LBank Listing December 6, 2021
ShibaPup(SHIBAPUP) BitMart Listing December 6, 2021
Plug Chain(PLUGCN) XT.COM Listing December 6, 2021
SUBX FINANCE LAB(SFX) SFX Probit Listing 6 Dec December 6, 2021
SUBX FINANCE LAB(SFX) Probit Listing CEO AMA December 6, 2021
Dukecoin(DKC) BitMart Listing December 6, 2021
Prize Coin(PRZ) LBank Listing December 6, 2021
Onston(ONSTON) LBank Listing December 6, 2021
Keys Token(KEYS) LBank Listing December 6, 2021
StarbaseUniverse(SUNI) Hotbit Listing December 6, 2021
Eco DeFi(ECOP) ProBit Global Listing December 6, 2021
Naraka(NT) LBank Listing December 6, 2021
Doge Dash(DOGEDASH) BitMart Listing December 7, 2021
Spinada Cash(SPIN) BitMart Listing December 7, 2021
Spinada Cash(SPIN) BitMart Listing December 7, 2021
Asian Fintech(AFIN) BitMart Listing December 7, 2021
Inuyasha(INUYASHA) LBank Listing December 7, 2021
Inflation Hedging Coin(IHC) BitMart Listing December 7, 2021
Medping(MPG) Hotbit Listing December 7, 2021
Ronin Gamez(RONINGMZ) LBank Listing December 7, 2021

 

 


Announcing UniLend's Project Updates #14🔥

https://preview.redd.it/4fmmf5taox381.png?width=1920&format=png&auto=webp&s=48229145c919a9c792d14ee42df67783f9a103ef

Time to grab some virtual tea 🫖 & catch up on everything that went down at UniLend Finance over the past month!🚀

📹 Check out our synopsis video: https://youtu.be/CO-c4O5pQpA

📚 Read detail in our blog: https://unilend.medium.com/unilend-finance-project-updates-14-9875582bb648

💫 Major Highlights

A Storm's Brewing ... Connect the Dots 💫 Teaser

HODL On Tight! UniLend v2 Name Revealed🎉

UniLend’s new vision is to be the Base Layer for DeFi space on which dApps can be built 🏪

More than $25 Million worth of Flash Loans are now executed on our Permissionless Protocol⚡️

Flash loan usage increased by 3,687% in the last 3 months🔥

🤝 Collaborations & Integrations

Welcomed Knit Finance to UniLend Ecosystem!

UniLend dapp is now integrated on Math Wallet 📲

📣 Community Outreach & Education

We Surpassed 50k Followers on Twitter!🌍

Our CEO & Co-Founder Chandresh Aharwar joined DeFi Panel Discussion at DeFi Live 2021!💬

Watch our Co-Founder Tarun Malik’s exciting DeFi Panel Discussion on Crypto Fest 2021 organised by Bitcoin Events!▶️

UniLend Omnis in Spotlight

AMA Session Held in ID Crypto Official Community| $100 $UFT was up for Grabs!🎙

Insider Series: Introducing Isolated Dual Asset Lending Pools🏦

Insider Series: How to Long or Short Any Asset Using UniLend Omnis 📊

💪 Community Initiatives & Updates

1000 UFT Free MathWallet Giveaway to 100 Winners💰

Growing UniLend’s Global Reach: UniLend Indian Community 🇮🇳

UniLend Wishes Everyone a Happy Diwali 🪔

Harshil Shah: November Pride of UniLend🏅

Tahira Siddiqui: November Shield of Excellence🏆

Held UniLend Omnis Ed Twitter Spaces Session 🧑‍🏫

👥 Join us on social media:

Telegram / Announcements / Twitter / Reddit