Monday, October 31, 2022

Saturday, 29th October, 2022 (In case you missed it!)

The Daily Spin. Some Saturdays Edition. Even more hacks continue to pile on to this month’s tally, now dubbed “Hacktober”, which has already surpassed every month that has come before it. The Monkey Drainer continues to successfully phish, a total value that has exceeded $1m. SBF’s take on crypto-regulation bricked by the community. US and EU lead BTC’s rally past $21k. FTX records largest liquidation ever to date, and considers launching its own stablecoin. ETH becomes top 50 asset in the world by MCAP. Alexlar and Polygon supernets team up to provide cross-chain interop. Elon acquires Twitter, immeditely sacks CEO and two other executives. Jack Dorsey launches Blue Sky, decentralized Twitter-killer. Moldova bans crypto mining, Kazakhstan launches CBDC on BNB Chain. Meta leads the pack in big tech losses with an over 70% drop in value. Yuck, Zuck.…here’s our round-up of curated news and opinions (surely biased) from the world of Blockchain, keeping you informed of the most trending, in-the-know, and controversial topics. In the name of transparent, information dissemination to keep you curious, inspired, and clinically sane…

Ongoings at Coinweb

“Overlay Networks in Blockchain” thread published by Kawin on Twitter
https://twitter.com/rukawin/status/1585548192761856000?s=46&t=7I6cq6_CPaQuHqwEBk0wTg

Coinweb Fireside Chat Series, “Happy Halloweb3” Oct 27 (Bangkok)
Audio Recording:
https://open.spotify.com/episode/175CCj57qgfy8Hd5Ft5poy?si=h4WghWcOQnutGohTrDcGNA

“Crypto Isn’t Going Away Anytime Soon, As Regulatory Debate Rumbles” by Toby Gilbert on Valuewalk.com
https://www.valuewalk.com/crypto-isnt-going-away-anytime-soon-as-regulatory-debate-rumbles/

Vietnam Blockchain Summit 2022 (Hanoi)
Toby speaks at “Bridging the Gap Between Speculation and Fundamental Value in Digital Assets” Panel
Video to be released soon

Coinweb Looks Undervalued, Article on LiveTradingNews.com
https://www.livetradingnews.com/coinweb-cweb-looks-undervalued-218893.html

Crypto Expo Thailand, Oct 7 (Bangkok)
Toby Spoke on Cross-Chain Interoperability, more info coming soon.
http://www.thailandcryptoexpo.com

Coinweb’s Monthly Fireside Chat Series: Are You Game? Sep 22 (Bangkok)
https://www.siam2nite.com/en/pictures/coinweb-at-baan-dusit-thani-23369

Latest Video Release: Trade Tokens on Multiple Blockchains Without a Bridge (4mins)
https://youtu.be/ZUajbJDEeB0

Coinweb Set to Establish Business in Saudi, UAE by H1 2023
https://www.khaleejtimes.com/business/coinweb-set-to-establish-presence-in-uae-saudi-in-h1-2023-says-ceo-gilbert

“How Bridges Need to Deliver Blockchain Interoperability” by Toby Gilbert on Medium
https://medium.com/@Coinweb.io/how-bridges-need-to-deliver-blockchain-interoperability-7c910e52a4c7

“One Chain to Rule Them All?” By Toby Gilbert on Medium
https://medium.com/@Coinweb.io/one-chain-to-rule-them-all-a049d1f8d97f

On the Radar

Web3 & Real Estate Summit, Oct 27-28 (Miami)
BNB Chain Innovation Pitch Day, Oct 30 (San Francisco)

Forward to the Future of Blockchain, Nov 1 (Bangkok)
FOMC Meeting on Interest Rate, Nov1-2 (Washington DC)

Elrond X-Day Conference, Nov 3-5 (Paris)
Staking Summit, Nov 8 (Lisbon)

Token 2049, Nov 9-10 (London)

Bureau of Labor Statistics CPI Index, Nov 10 (Washington DC)
Innovative Finance Expo, Nov 14-16 (Dubai)
DSLA Protocol for Tezos (facilitates onboarding of enterprises to ecosystem), Nov 24

Blockchain Genesis Thailand 2022 - Road to Web3, Nov 26-27 (Bangkok)

Sub0 Polkadot Dev Conference, November 28-29 (Lisbon)

On the Block (chain)

Exchange Giant Coinbase Adds Custody Support for 14 Ethereum (ETH)-Based Altcoins, Spurring Rallies Up to 20%
https://dailyhodl.com/2022/10/27/exchange-giant-coinbase-adds-custody-support-for-14-ethereum-eth-based-altcoins-spurring-rallies-up-to-20/

Ethereum becomes 50th largest asset by market cap after recent price action
https://cryptoslate.com/recent-price-action-makes-ethereum-50th-largest-asset-by-market-cap/

Mad Money's Jim Cramer Apologizes for Being Wrong About Facebook Parent Meta After Stock Plunges
https://news.bitcoin.com/mad-moneys-jim-cramer-apologizes-for-being-wrong-about-facebook-parent-meta-after-stock-plunges/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications

World’s largest Bitcoin mining firm Core Scientific on the verge of insolvency
https://cryptoslate.com/worlds-largest-bitcoin-mining-firm-core-scientific-on-the-verge-of-insolvency/

UniLend V2 Launched: Becomes 1st True Permissionless Lending and Borrowing Protocol
https://news.bitcoin.com/unilend-v2-launched-becomes-1st-true-permissionless-lending-and-borrowing-protocol/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications

Team Finance loses $14.5M to smart contract bug exploit
https://cryptoslate.com/team-finance-loses-14-5m-to-smart-contract-bug-exploit/

Crypto Exchange Binance.US Raises $200 Million Seed Round At $4.5 Billion Valuation
https://www.forbes.com/sites/stevenehrlich/2022/04/06/crypto-exchange-binanceus-raises-200-million-seed-round-at-45-billion-valuation/?utm_medium=browser_notifications&utm_source=pushly&utm_campaign=2456740&sh=1d2ca60d4ec0

Competitive Landscape

SBF hints FTX could potentially create its own stablecoin
https://cryptoslate.com/sam-bankman-fried-hints-ftx-could-potentially-create-its-own-stablecoin/

Bitcoin transaction worth $500M cost $0.80 in fees
https://cryptoslate.com/a-bitcoin-transaction-worth-500m-cost-0-80-in-fees/

Biggest Movers: DOGE up by Over 17% as Elon Musk Comments on Twitter Takeover
https://news.bitcoin.com/biggest-movers-doge-up-by-over-17-as-elon-musk-comments-on-twitter-takeover/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications

Collide Capital Raises Debut $66 Million Fund With Backing From Amazon, Alphabet And Twitter
https://www.forbes.com/sites/kenrickcai/2022/10/27/collide-capital-debut-66-million-fund-with-backing-from-amazon-alphabet-twitter/?utm_medium=browser_notifications&utm_source=pushly&utm_campaign=2456277&sh=2c4c71196dbb

World

US Judge Orders Bitcoin Ponzi Operator Imprisoned for Ignoring Court Order to Pay SEC $40 Million
https://news.bitcoin.com/us-judge-orders-bitcoin-ponzi-operator-imprisoned-for-ignoring-court-order-to-pay-sec-40-million/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications

Utrust and Lugano Are Bringing Crypto Payments to an Entire City
https://news.bitcoin.com/utrust-and-lugano-are-bringing-crypto-payments-to-an-entire-city/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications

Thought Leadership

Buterin says crypto is a better bet than gold
https://cryptoslate.com/buterin-says-crypto-is-a-better-bet-than-gold/

DappRadar deems Reddit blueprint for NFT launches ‘one of the biggest events for Web3’ in 2022
https://cryptoslate.com/dappradar-deems-reddit-blueprint-for-nft-launches-one-of-the-biggest-events-for-web3-in-2022/

Overlay Networks are VMs for the World Computer
https://0xpostman.medium.com/overlay-networks-are-vms-for-the-world-computer-c0f72e6feada

Cross-chain is a Primitive, Overlay Networks are the Era
https://0xpostman.medium.com/cross-chain-is-a-primitive-overlay-networks-are-the-era-7a3fe5760fa4


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