You won't have to wait for the next Bitcoin halving for the next bullrun

I'm sharing my experience and research so you don't have to stress about the current market conditions. I've squashed a lot of analytic data from the websites into this analysis just for you to easy read and make predictions. Yes we're in a bear market, but you won't have to wait long before it goes to the moon...

In the past we've seen most of the bull markets coincide with Bitcoin halving. Look at the charts, all of them. They'll tell you what I want you to hear. If you don't see it, just look at any chart where things are going up fast. The next Bitcoin halving is in 2024, so that's when the next bull run is happening. Or is it?

What's changed is Etherium. Since the last bull run Etherium has become a more important part of the crypto ecosystem. Until now it's played second to Bitcoin, the ex-wife so-to-speak, growing bigger and more menacing every year. Bitcoin will always be a strong store of value. But ETH is poised to challenge Bitcoin's place as the coin whose swings significantly affect the entire crypto market.

With the triple halving event and more moves to v2.0 later this year, I predict we'll see a big swing to a bull market. Regular people don't like how bad mining ETH is for the environment and will jump on the PoS bandwagon. More ETH will be burned in the staking process reducing circulation and driving price up. Investors will follow the surge, coming back into the category and this will positively affect altcoins like Bitcoin (obviously now an altcoin because surpassed by Etherium)

This should all happen around the 19th or 20th November 2022, so start DCAing or HODL until then.

Lastly I should point out: I've been investing in crypto for 2 months and I have no other investing experience. I live paycheck to paycheck and haven't made any profits off any investment ever. I have positions in ADA, Doge, UST and Shiba.

Plan for the worst, hope for the best

Most of you have already noticed but the markets are in freefall. Everything is bleeding badly right now. Stock markets, bitcoin, eth, you name it’s down. Heck, even stablecoins are down. Go check out the Terra Luna and UST stable coin drama unfolding now.

Which brings us to Stepn. GST and GMT are also down, because like all other alt coins, they follow the bitcoin and the rest of the market. You may have noticed that Solana’s dropping as well. That’s just the nature of these things.

All of this is to say this. It isn’t over yet. And it may not be over for a while. Weeks, perhaps months. Because the catalysts which are causing these market drops are still not done. The Fed is still going to raise interest rates a few more times. Each time it does this, the markets will react and overcorrect. China is still in lockdown. The world events that are depressing the markets are still with us.

So what does this mean for Stepn? GST and GMT prices presumably still have more to drop. Solana may go below $50. That wouldn’t be all that surprising.

So prepare for the worst. We’re in a bear market. At this rate, we may even be headed for a crypto winter. Prepare for GST under $3. Under $2 even. Calculate your daily earnings as if GST was worth $2. Are you happy with those earnings? If not, what could you do to up your earnings? Level up your shoe? Invest in more shoes? Whatever strategy that you need to employ, base it off the premise that GST will be worth a lot less than it is now.

And if it’s not. If somehow we magically recover and the markets rise back up, and GST is $5-$6 again, then congrats. Your preparations under a severely bruised bear market have now multiplied your daily earnings.

whats your plan? panic sell everything or take it as an opportunity?

to me, stable coins are not 100% stable, when it goes below 1, buyers come in to buy it up, when its above 1, sellers come in to sell. The UST peg has had issues with depegging before, and the issues were resolved, and the team look for solution to hold the peg stronger. right now, i believe the depegg has to do with 1) massive volatility in the market, and 2) potentially speculative attack on the terra ecosystem (for those who dont know how it works, go on wiki and have a look at asian financial crisis 1997)

The trouble of these events is, these attack or the market volatility do not destroy the peg or the asset on itself, they aim to destroy investors confidence and cause panic selling of the targeted currency...which is what we are seeing right now, people hating, people panicing, everyone is trying to get out from anchor when they have the chance to...

but if we look at the other side of the coin, what if this is just another evaluated temporary depegg moment in terra development? every such event happen will make the developors to enhance the mechanism....and each time it does not die, it grows stronger (sounds familiar? orange coin)

As people are panic getting out of UST, there are traders, believers and opportunists coming in buying UST at big discount. looking at binance, i see UST is at 0.729, which is some 20% above the low...and if you sell your bitcoin or LUNA for UST using their UST pairs, you get a much higher price than the market, this would encourage people to sell for UST as the higher than market price you get to some extend cancel out the lower UST price at the moment....

just wanna add, crypto fear and greed is at 10, if you check the history, i think the lowest it went was 11. what if this supposed terra blow up and end of UST end of terra and end of crypto is the final FUD that bottoms the market? (for those who are not in stocks investments, there were a very widely circulated FUD about the "blow up" of ray dailo's bridgewater fund at the exact bottom of the march 2020 COVID crash, and of course bridgewater is the biggest hedge fund in the world, this article was widely circulated in asia and platforms like wechat) we are at peak fear right now guys, cost and benefit analyst suggests that at this moment, the opportunity > the cost. buy when there is fear and blood on the streets, even its your own blood. just wanna provide some positive energy here, on twitter I am already seeing mass capitulation of bullish analysts, "sorry I was wrong" is everywhere. price has also capitulate, sentiment been at rock bottom and more so now...idk...imagine you are right about UST is going to stay, you gain 30 cents on a dollar, what if UST is going to fail, well the whole crypto space is not gonna do too well...

​

EDIT: you can sell your BTC for UST at 40,788 (at least right now)...this is the kind of thing that helps to bring UST back to peg. but yes, the team has to serious consider what they should do to avoid situations like this in the future. i personally have faith. good luck and hope for the best (for the good of terra and crypto overall)

EDIT2: in 1997, after soros and his followers crashed korea and thailand, they turned to crash the HK peg. they first borrow a massive amount of HKD (massive deposit into anchor), then they start to build a massive amount of short Hang seng index futures (short luna, btc, alts)...then all of a sudden, they start to unload their HKD (withdrawal from anchor). as HKD supplies keep coming in (anchor keep draining deposit), peoples confidence were destroy and stock market sold off and soros and friends benefited from the shorting of the market, they hope the peg will be destroy and market will collapse completely. long story short, buyers didnt step in, so the government step in and buy up all the blue chips with the city's reverse, confidence was regained, the peg remained stable, soros lost. in this case, we dont have government to step in, but the guys dumping UST arn't soros either. soros at the end of the day just want to profit from it, whether HKD depegg or not does not really matter to him, its how much he makes from his speculative attack.

Portugal, a refuge for those who believe in cryptocurrencies

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Portugal has become a haven for cryptocurrency enthusiasts due to its poor regulation and low taxes, something that raises doubts in the rest of Europe.

"You don't need to do anything else because you already have a perfect system, with zero taxes on bitcoin," explains Didi Taihuttu, an investor who moved to Portugal with his family from the Netherlands.

"For those who believe in bitcoin, it's paradise," he adds.

Tax authorities around the world are examining the cryptocurrency phenomenon and trying to define what kind of asset they represent.

El Salvador directly considers bitcoin, the cryptocurrency that dominates the market, as legal tender, even though it is immaterial.

From a tax point of view, Portugal also considers it a currency, so it is one of the last countries in which the sale of this cryptocurrency is not subject to tax.

Experts and politicians, such as far-left MP Mariana Mortagua, are warning about the volatility of the situation, with the Portuguese Finance Ministry assuring AFP that it is studying possible changes.

"Portugal has become a tax haven," Mariana Mortagua recently declared.

"It's hard to justify that other financial assets are taxable at 28%, but not cryptocurrencies," admits Pedro Borges of Criptoloja, the first cryptocurrency marketplace in Portugal.

'loophole'
Portugal has a flexible policy for foreign investors in real estate, and also proposes special visas for so-called digital nomads, those who work online, without the need for a fixed residence.

"Portugal has sun, fantastic food and fantastic people" declares Taihuttu, who has settled in the Algarve, a very touristy region in the south.

"Portugal could become one of the best European countries to live and invest in," he adds.

But other sources familiar with the Portuguese legal system are more cautious.

One London tax lawyer, who requested anonymity, explained that he would not advise his clients to invest in this country.

"It is not a long-term strategy of the government to attract companies in the sector, but there is a legal vacuum," he explained to AFP.

"I bet that in ten years, the City (London's financial heartland) will be more permissive than Portugal."

Britain is trying to become a new investment platform for digital enthusiasts, especially after Brexit.

the bubble effect
In the case of Portugal, the pressure for order could come from the European institutions.

Fabio Panetta, a member of the executive board of the European Central Bank (ECB), warned last month that what is happening "has alarming similarities" to the real estate bubble that caused a global crisis in 2007.

Currently, investments in the cryptocurrency world exceed the $1.3 trillion in toxic loans that triggered that financial disaster.

"We cannot repeat the same mistakes, waiting for the bubble to burst," Panetta explained.

"Crypto-evangelists," he charged, promise "paradise on earth" with an entire pyramid network of investments, in which juicy short-term profits are proposed on assets that have no clear monetary backing.

If investors decide to withdraw their money in one go, the pyramid collapses.

The market constantly needs to attract fresh money, which explains the advertising at major sporting events, the participation of big stars from any sector (music, sports, movies...) and, most worryingly, social networks, with messages targeting young people .

Taihuttu's Instagram account looks like a billboard, with sunny beaches, snow vacations, trips... all apparently financed with cryptocurrencies.

His latest proposal is to invest in land with property title registered on the blockchain, a system also used by the so-called NFT or digital tokens, widely used in the art world.

"Portugal needs more jobs and economic growth," he explains. "Why stop the evolution of technology and money?" he asks.

60 New people incorporated into Bitcoin Cash, last Wednesday, May 4, in a Conversation at the Renaissance Hotel - Caracas, Venezuela.

You can view our reel on instagram so you can see the event more closely.

https://www.instagram.com/p/CdO36qavmkF/

In said conversation, the Footprints of Kindness Foundation (https://huellasdebondad.org/) received donations in BCH from the attendees for its social education program.

From BCH Latam we will continue to motivate educational spaces to massify the use of Bitcoin Cash in the daily lives of different users.

https://preview.redd.it/fm1ssna8eiy81.jpg?width=1284&format=pjpg&auto=webp&s=3609a286044e185ecb302ef8a71bd77bb0c3b2c4

Polychain Monsters - Booster Incubation: Skill Guilds

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Booster Incubation: Skill Guilds

Uniting Investors, Games and Players into Effortless, High ROI Guilds

Despite whatever Bitcoin has decided to do as of late, the crypto market, and especially the crypto gaming market, has been expanding at racing speed. As a result, new and promising projects have been cropping up, trying to catch your attention in the early stages of their development.

With our Booster Incubation program, we vet and partner with high-value projects in order to deliver an opportunity to our community to increase awareness and may even allow them to get in early via participation in these projects’ token-generating events (TGEs).

Today, we are excited to announce our Booster Incubation with Skill Guilds, a platform that helps investors, games and players find and join the best-performing guilds.

Meet Skill Guilds

Have you ever wanted to get involved with a new play-to-earn game but couldn’t afford to start because of the high price of the NFTs? Or perhaps you’re looking to play a game as a scholar, but can’t find anyone available to sponsor you? Well, luckily for you, Skill Guilds enters the fold.

Skill Guilds is a platform that takes its mission to unite investors, games and players seriously by acting as a facilitator of sorts. Anybody interested purely in investing and earning passive income can purchase a special NFT representing a share in the Skill Guilds DAO. These DAO NFTs come attached to specific play-to-earn games and allow Skill Guilds to crowdfund the purchase price of competitive game pieces, meaning investors can get into a project at a price cheaper than it would to enter the scene alone. These NFTs are then lent out to their own in-house scholars, who play the game and bring back the rewards.

70% of all scholars’ earnings are then redistributed to these DAO NFT holders, while the rest is used to pay the scholars and platform for their time and management. Each month after payback, NFT holders get to vote on whether they would like to continue with the play-to-earn game, or if they should sell the NFTs Skill Guilds had bought at market price and send money back to the original DAO NFT owners. The proportion of all payouts are relative to their share of the overall DAO NFT pool.

Scholars who are looking to partake in these play-to-earn games but who do not currently have the funds to buy the necessary NFTs required to play can also apply on the Skill Guilds website for their scholarship program, which will enable you to start playing and earning via the NFTs bought by the Skill Guilds DAO.

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For more context, the current Skill Guilds initiative is focused on their Cyball DAO NFT, which allows investors to own a CyBloc without having to commit to the total price or the time required to play the game itself. Previous campaigns included Pegaxy and Axie Infinity, which shows they really try to focus on some of the best play-to-earn titles in the space. They’re also backed by big-name players in the space, including Shima Capital, Plutus.VC and WealthUnion, to name a few.

A few other benefits that Skill Guilds brings to the fold include their real-time dashboards (which allow users to track the performance of their scholars and compare them to other guilds), the ability to build your own guilds or join others, receive funding via various sponsorship programs, mentorship opportunities, and an early lead on new promising projects in the space.

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The $SKG Token

Gaming guilds are still quite a new concept and therefore it’s essential to discuss the native token on which Skill Guilds will run in order to help better understand the benefits and utility that Skill Guilds has to offer.

The $SKG token will play a crucial part for its holders, granting them powerful benefits such as participation in the DAO’s governance, IDO access, reward earnings and even being paid service commissions.

More utilities originating from holding the token include the acquisition of additional scholars, receiving certain scholarships and opportunities to invest in platinum guilds.

The Skill Guilds Unikles & $500 IDO Allocations

You may be wondering how to enter the mysterious world of gaming guilds. Not anymore! The Skill Guilds Unikles is here to grant you access to this new world. This loyal companion will be released in booster packs on May 9th (4:00 PM UTC) and will be limited to 32 in total.

https://i.redd.it/s7ai0d6lnfy81.gif

No need to take out calculators to double-check. We are indeed giving our community the possibility to invest up to $20,000 into Skill Guilds’ upcoming IDO with a $500 allocation per person, simply by finding yourself a brand new Skill Guilds Unikles or by winning an IDO allocation from our week of marketing events!

But that’s not all! There will also be a special surprise given to each puller of the Skill Guilds Unikles directly from the Polychain Monsters team, so keep an eye on our official channels for more information down the line. We will additionally be sharing further information regarding Skill Guilds’ IDO & KYC in the upcoming weeks as well.

Incubation Events

The crypto jungle can sometimes be challenging to navigate, and it is our job to make sure that you fully understand the new projects we partner with. Throughout an exciting series of events on our social media platforms this week, we will do a deep dive together with the Skill Guilds team into what their project is about and how you can best get involved.

Twitter Giveaway

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Preceding its official booster pack release, we will kick off our event week with a special Twitter giveaway on May 9th (3:00 PM UTC). To buck the trend, each reward for our Skill Guilds event week will reward our winning participants with IDO allocations into Skill Guilds’ upcoming TGE. Make sure you follow our Twitter account so you don’t miss this first chance at scoring a coveted IDO allocation!

Discord AMA & Quiz

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After kicking things off with our Twitter giveaway, we will hold an AMA (Ask Me Anything) session on the official Polychain Monsters Discord. On May 10th (2:00 PM UTC), the Skill Guilds team will come join us live for an hour, giving our community the opportunity to ask questions and learn more about their unique gaming approach directly from the source.

At the end of the AMA, there will be a short quiz about what was discussed. The rules are as follows: The first person to correctly answer a question will score a point, and the person with the most points will win a Skill Guilds IDO allocation. Make sure to warm up your fingers as the competition is sure to be tough!

NFT Creation Contest

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Then, on May 10th (4:00 PM UTC), we will begin hosting an NFT Creation Contest on Twitter. We noticed you enjoyed our latest Sweet & Sour NFT challenge and so here we are with round 2!

To participate in the Sweet & Sour NFT challenge, you will need to show us the Skill Guilds Unikles as rough and tough as a Gladiator of the racing arena, or as a sweet pony looking up to the big crypto racing jungle he is set to conquer. The choice is yours!

Remember, to be eligible to participate, you will need to mint your creation as an NFT on a secondary marketplace of your choice. Do not forget that it has to represent both Polychain Monsters and our partnership with Skill Guilds. Moreover, all participants need to submit their artwork before May 15th (4:00 PM UTC) through the submission form linked on Twitter and by tagging and following both the @polychainmon and @SkillGuilds Twitter accounts.

Our team will carefully select one winner per category. Then, to give a fair chance to every eligible participant without top designer skills, we will randomly raffle off the additional three prizes to all eligible entrants. Winners will be officially announced on May 16th.

Twitter Spaces AMA

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And finally, on May 12th (2:00 PM UTC), we will host an AMA on Twitter Spaces. This audio chat room on Twitter enables us to host and participate in live conversations with the Skill Guilds team — and you’ll be able to talk with them too! Listen closely as we will be giving away one last IDO allocation following the AMA. Truly an event not to be missed.

About Skill Guilds

Skill Guilds is a platform that allows investors, games and players to find each other and choose the best conditions for themselves. It bands all market participants and provides them with tools to maximize the benefits for each of the parties.

The Skill Guilds prioritizes building up a huge professional team of players that would evolve the GameFi industry as never before. The platform allows gamers from all over the world to build their own guilds, get funded via different sponsorship programs and last but not least learn and accelerate with our experienced mentors.

Website | Twitter | Discord

About Polychain Monsters

Polychain Monsters are beautifully animated cross-chain NFTs with varying scarcity, waiting to be discovered in digital booster packs. These NFTs will play an integral part in upcoming off- and on-chain games. In addition, Polychain Monsters offers DeFi features such as ERC-20 & BEP-20 PMON, as well as NFT staking.

More about Polychain Monsters

Web
Discord
Twitter
Reddit
Telegram
OpenSea (ETH / Polygon)
tofuNFT (BSC / Polygon)

What is going on in crpyto world - QUICK UPDATE 9.5.2022

Digital yuan gets green light on buses, trains in Xiamen, Guangzhou cities

Three China’s digital yuan is now accepted on Guangzhou city trams and can be used to recharge Xiamen’s city public transport card, as the metropolises join an expanding network of cities using the digital currency.

See related article: Chinese state media calls for wider e-CNY adoption

Fast facts

​

• According to Guangzhou local media, passengers on the city’s Tram Line 1 can now pay for fares with the payment QR code of the digital yuan app.

​

• Xiamen city’s public transportation swipe cards can be reloaded with digital yuan beginning May 6, Xiamen local media reported.

​

• Xiamen’s public transportation system will next allow passengers to pay fares using a digital yuan payment QR code, the report said.

​

• With Guangzhou and Xiamen, at least 12 of China’s 23 digital yuan pilot cities have started to accept such payments on their public transportation systems, according to a Forkast analysis.

​

• The digital yuan, or e-CNY, is China’s central bank digital currency (CBDC), which began public tests in October 2020 and is now piloting in 23 cities in China.

​

• Total transactions using e-CNY reached 87.565 billion yuan (US$11.238 billion) as of the end of 2021, China’s central bank announced in January.forkast.news

DeFi TVL lowest since October, Terra leads losses

The total value locked (TVL) in decentralized finance (DeFi) protocols has dropped from US$217.82 billion to US$179.5 billion in the past 30 days, reaching its lowest point since October 2021, according to DefiLlama data.

See related article: DeFi wizard Cronje’s departure sends TVL sinking

Fast facts

​

• Terra’s Anchor Protocol played a significant role by dropping more than 20% of its TVL over the last week.

​

• Terra’s native cryptocurrency LUNA lost up to 25% of its value over the weekend.

​

• Terra’s TVL declined by 20.54% over the past seven days, as its stablecoin UST briefly lost its peg during the weekend’s market selloff.

​

• Ethereum still dominates DeFi TVL with a 54.82% share but has dipped to US$98.39 billion, its lowest mark since August, DefiLlama data shows.

​

• Binance’s BNB chain and Tron are both up nearly 10% over the past seven days. forkast.new

Crypto Bets: A Wider Array of Altcoins are Being Used

Crypto bets: A report from inside the online gambling industry has shown that more people are starting to use crypto to gamble online, forgoing fiat. And there is a greater interest in betting with altcoins.

· Over the past 2 years, gamblers using crypto online instead of fiat has significantly increased. This is according to a recently released new report, confirming the growing adoption of cryptocurrencies.

· The study comes from Softswiss, which provide software for managing iGaming operations. The organization holds several gaming licenses, and in was the first company in the world to offer a Bitcoin-optimized online casino solution.

· The report shows comparative data for the 1st quarter of 2021 and 2022. This is based on the results of their game aggregator and casino platform.

· Crypto bets: Double the growth

· Global trends show growing popularity of crypto, and in parallel, this is also true for crypto gambling. The sum of bets in digital coins, accruing to the report, in Q1 2022 more than doubled compared to the same period in 2021. In fact, it has grown by116.7%.

· Andrey Starovoitov is COO at Softswiss. “Crypto gambling has become an independent, full-fledged, and extremely promising line of business. Brands adapted to these conditions have an advantage such as wider opportunities for operation and, accordingly, a wider audience.” beincrypto.com

Not an Inflation Hedge: Bitcoin Showing Close Correlation With Stocks, Says Bank of America Analysts

Bank of America has released a report recently, questioning the status of bitcoin as an inflation hedge considering its recent correlation with the stock market.

Two analysts from the Wall Street giant Bank of America have called bitcoin a risk asset rather than an inflation hedge in a recent report, saying that cryptocurrency often tracks stock market behavior. Alkesh Shah and Andrew Moss pointed out the high degree of correlation between the S&P 500, Nasdaq 100, and Bitcoin, the 180 days ending Jan. 31, 2022. The macro trend continues, with bitcoin dropping to just under $36K following the Federal Reserve’s announcement of an interest rate hike this past Thursday, in line with a significant stock selloff. The Federal Reserve’s announcement of a 0.5% interest rate increase comes as it battles to fight rising inflation due to government stimulus packages necessitated by the Covid-19 pandemic.

“Interest rates increased, crypto markets dumped. As far as Bitcoin goes, it looks like we’re going to kiss the $35000 are,” said TikTok crypto pundit Wendy O on Friday.

Ukraine war also a contributing factor

The war in Ukraine has also played its part. “Like all risk assets, crypto prices this year have been disproportionately driven by the war in Ukraine, inflation, and the outlook on Fed Policy (particularly the taper schedule),” said Ben McMillan from IDX Digital Assets. “So while we’re seeing crypto prices at relatively attractive prices on a longer-term outlook, there could still be a considerable downside in the near-term,” he concluded.beincrypto.com

TerraUSD dollar peg rocked by weekend dump, LUNA drops 20%

A seemingly coordinated attack on the Terra ecosystem occurred this weekend, May 7th, as hundreds of millions of dollars worth of UST was dumped on Curve Finance. This happened in tandem with an increase in short interest in Terra Luna and a surge in Twitter volume that led to “Ponzi” trending globally for a few hours.

Several accounts on Crypto Twitter posted tweets with screenshots of the moment UST dropped below $0.992 as breaking news that the dollar peg had broken down. Some even declared it a “moment in history.”

The monumental de-pegging however was seemingly short-lived as the current price for UST on Binance shows.

The trading volume on Curve soured to three times that of Uniswap as “someone started selling UST en masse, so it started to de-peg. However, that was met with a great resistance, so the peg was restored,” according to a statement from Curve.cryptoslate.com

Cardano plans 2 developer events before next hardfork

Cardano (ADA) will hold two developer events in Barcelona and Austin within the next couple of weeks before it commences its hard fork in June. The Vice President of IOHK, Tim Harrison, announced this on Twitter.

Cardano developer events

The Barcelona event will focus on certification and audit and will be held by the end of May. And the next one in Austin will focus on Marlowe and Plutus and will be in the middle of June.

Marlowe is one of the programming languages on Cardano and is used for developing and executing financial contracts. On the other hand, Plutus is a smart contract platform based on Cardano.

Upcoming Cardano improvement proposals

By June 29, Cardano will have its Vasil hard fork, which is expected to improve the network and its smart contract capabilities. Already, IOHK has outlined Cardano improvement proposals (CIPs) coming with the hard fork.cryptocurrencies.

Reference Scripts will make transactions cheaper by making them smaller. Users won’t have to include new scripts in each transaction as they can interact with a script by referencing it.

Collateral Output will improve the transaction validation process with enough collateral to complete a transaction. This means that users will no longer lose their collateral if a transaction should fail.

All these CIPs aim to improve Plutus’s performance and make Cardano more efficient while allowing its apps to execute faster when the hard fork is complete.cryptoslate.com

Bankless Crypto Channel Banned From YouTube

Bankless, which claimed 150,000 subscribers to its Ethereum-focused newsletter and podcast, channel on YouTube, said it had been banned from the social media platform without warning or justification.

​

• The channel, which boasted more than 10,000 hours of content and featured people as notable as Ethereum co-founder Vitalik Buterin, said in a tweet its account had been terminated.

· Officials from YouTube weren't immediately available to comment; commentators on Bankless's Twitter thread made comments like "Wow guys I finally get why we need web3" which would prevent an organization from shutting down a channel through decentralization.

​

• The removal of the Bankless channel may not be permanent or a signal that YouTube found anything objectionable in the channel's content. The social media giant has shut down other channels in the past without explanation only to reinstate them at a later time, again without explanation .www.coindesk.com

Meta’s Instagram to Support NFTs From Ethereum, Polygon, Solana, Flow

NFTs from some of the most popular blockchain networks for crypto art are coming to Instagram with the announcement of a pilot as soon as Monday.

The social media powerhouse owned by Meta is planning non-fungible token (NFT) integrations for Ethereum, Polygon, Solana and Flow, CoinDesk has learned. Those networks host the vast majority of trading in digital collectibles, with Ethereum and its Bored Apes leading the way by market cap.

The pilot will feature a small group of NFT aficionados based in the U.S. It wasn’t immediately clear whether Instagram would support NFTs from all four chains at launch.

Instagram intends to support widely used crypto wallets such as MetaMask. Plugging in their wallets, users will be able to prove NFT ownership, showcase them on their profiles and tag the creators who made them.

CoinDesk has confirmed Instagram will not charge users for posting and sharing NFTs, as Twitter initially did for its hexagonal NFT profile pictures in January.

The decision likely spells a rush of new cultural visibility for NFTs. Instagram has over one billion monthly active users; many of whom use the platform to promote and market their art. www.coindesk.com

Cardano Rumor Rundown May 9, 2022

Hey Everyone!

Let's go...

Newly covered today:

1. A very interesting thread on ETH Beacon Chain centralization. https://twitter.com/dagaffer101/status/1523194663473135616
2. There is now a dApp section in Eternl wallet. This is not just a button to connect to dApps. It actually shows you dApps you can use. https://twitter.com/eternlwallet/status/1522639247701942272
3. Tony Rose, IOG Head of Product–Digital Identity, recently testified before the California State Legislature in relation to California students using digital identity. https://mobile.twitter.com/StakeWithPride/status/1523173974456168450 https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202120220SB1190
4. There is obviously still a huge information asymmetry in crypto in relation to Cardano. Even a well known crypto influencer was recently seen aggressively claiming that Cardano had no DEXs when we have: MuesliSwap, SundaeSwap, MinSwap, WingRiders, and others all alive and functioning well. https://mobile.twitter.com/Flat_Mars_Ltd/status/1522400420315815937
5. Episode 6 of the Cornucopias podcast, CopiCafe, is now out and available. https://www.youtube.com/watch?v=KuMRgvVDPW8

Previously Covered but still interesting:

1. Even Greenpeace is now complaining about Bitcoin energy usage. https://twitter.com/GhostchainClub/status/1509907792408326151
2. The UK is setting its sights on becoming a crypto hub. https://www.gov.uk/government/news/government-sets-out-plan-to-make-uk-a-global-cryptoasset-technology-hub https://twitter.com/greyskulledm/status/1511026486798651393
3. It sounds like Wingriders is going to have ADA staking for Liquidity Providers in pools that include ADA in the pair. Apparently the LPs will vote on what pool gets the delegation. https://twitter.com/wingriderscom/status/1511009078620868611
4. Reports are coming in that Coti will launch the Djed testnet this week. https://twitter.com/cotihyp3/status/1510743792864796674
5. The recent Liqwid community call is available. https://twitter.com/liqwidfinance/status/1509938871060115471
6. Caitlin Long thinks the US crypto industry will split into three camps. https://twitter.com/CaitlinLong_/status/1511137195746279440
7. Apparently your ReadyPlayerMe avatar in Pavia will be able to wear Adidas. https://twitter.com/Pavia_io/status/1511408080357101568
8. Activision is considering NFTs for Call of Duty! https://watcher.guru/news/activision-blizzard-might-incorporate-nfts-into-call-of-duty-games
9. The MLabs Cardano TX library being built for Seabug (Mlabs upcoming NFT market) will be open source so that other projects can build on this. https://twitter.com/seabugnft/status/1511445943865917447
10. The Charles/Snoop/Champ Medici/Lena Twitter space is out. Over 64k people tuned in. As unexpected surprises, Warren G (and possibly a silent Busta Rhymes) also popped in. https://twitter.com/IOHK_Charles/status/1511402568420929538
11. MuesliSwap now has limit swaps as part of their DEX aggregation function. https://twitter.com/MuesliSwapTeam/status/1511356152017264642
12. Indigo has unveiled a quiz related to its airdrop qualification criteria. https://twitter.com/Indigo_protocol/status/1511421010666749952
13. Catalyst has launched a new African Incubator along with iceaddis called Ariob. https://twitter.com/InputOutputHK/status/1511691446910427139 https://iohk.io/en/blog/posts/2022/04/05/project-catalyst-launches-incubator-for-africa/
14. There will be an AMA on April 7 with ADA Realm and their new Unity development partner Actum Games. https://twitter.com/AdaRealm/status/1511779464795070469
15. If you don’t think our biggest competitor is broken by fees, check out this report of $26 million spent on gas fees in an offering that only raised $8 million. Someone’s making money, but they’re called miners. https://twitter.com/cr0ssETH/status/1511446814196572161
16. Maladex makes a good point about liquidity in DeFi. https://twitter.com/CardanoMaladex/status/1511811031470952466The future is not going to be 2D. Here is (probably) the first metaverse purchase of a SpaceBudz NFT. https://twitter.com/poly_peer_party/status/1511789839447904266
17. MinSwap and COTI are looking at how best to integrate Djed into Minswap. https://twitter.com/MinswapDEX/status/1512052790625026052
18. Here are some questions answered by Ross, Pavia Community Manager. https://www.youtube.com/watch?v=Zc9A4tREvkI
19. Shocker! Reports of more problems from our most problem ridden competitor.. https://twitter.com/Katsumoto87/status/1512002841501655044
20. If banks are involved with crypto, they now need to notify the FDIC. https://www.fdic.gov/news/financial-institution-letters/2022/fil22016.html
21. MuesliSwap is going through a redesign. https://twitter.com/MuesliSwapTeam/status/1512090675021447169
22. Here’s an excellent thread from Sooraj that explains in very easy-to-understand terms why Cardano’s eUTxO model is superior to ETH’s account balance model. Even Ben Goertzel had to comment on this thread. https://twitter.com/Soorajksaju2/status/1512886236066762762 https://twitter.com/bengoertzel/status/1513177850286813185
23. You might as well follow that up with his earlier threads on a) why UniSwap v.3 hasn’t solved impermanent loss but the answer may lie in Cardano’s eUTxO architecture; and b) why AMMs are inferior to order book DEXs. https://twitter.com/Soorajksaju2/status/1512110589459546120 https://twitter.com/Soorajksaju2/status/1511819727475294211
24. The Agora Governance Module from MLabs, Liqwid, and ADAO is now open source. https://twitter.com/liqwidfinance/status/1512414100273471497
25. Wingriders hints at Ledger compatibility in their DEX. https://twitter.com/wingriderscom/status/1513242395101515778
26. IOHK introduces the Delegate Representatives concept for Catalyst voting. This seems to embrace the idea that the best form of government is “a republic…if you can keep it.” https://iohk.io/en/blog/posts/2022/04/11/introducing-the-concept-of-delegate-representatives-dreps/
27. Curious how to pronounce names in Cardano? Here you go. https://twitter.com/AnthonyCardano/status/1513479117483778048
28. SundaeSwap announces some quality of life improvements for its users. https://twitter.com/SundaeSwap/status/1513605929907933198
29. WingRiders has already announced details on its Yield Farming that it says will be live on day 1. https://medium.com/@wingriderscom/wingriders-yield-farming-will-be-live-from-day-one-of-mainnet-launch-769095f7ef91
30. It’s looking like the Bankless podcast wants to have Charles on and he indicated he would do it. https://twitter.com/IOHK_Charles/status/1513621050940170242
31. WingRiders is live on mainnet and there are stablecoins! https://twitter.com/wingriderscom/status/1513865034115739652 https://twitter.com/wingriderscom/status/1513788413631152130
32. Soon there will be a list of verified Pavia Asset (PCA) creators. https://twitter.com/Pavia_io/status/1513835187343405058
33. The MuesliSwap Milk token is now live on the Milkomeda version of the MuesliSwap DEX. https://twitter.com/MuesliSwapTeam/status/1513921544812126210
34. IOHK wants your input on what should be included in Cardano 360. https://twitter.com/InputOutputHK/status/1513914342642790405
35. It looks like the Chrome Web Store approval of the new version of the Eternl Wallet has fixed the Ledger compatibility issue that recently cropped up. https://twitter.com/eternlwallet/status/1513789563755503619
36. Mainstream media is really pulling out all the stops, now labeling crypto people as study-proven “psychopaths”. https://nypost.com/2022/04/12/bitcoin-fans-are-psychopaths-who-dont-care-about-anyone-study-shows/
37. IOHK gave us a big rundown of all the news from the last ten days (4.12.22). https://twitter.com/InputOutputHK/status/1513951540058411008
38. It turns out that Pavia land parcel ownership is pretty decentralized. https://twitter.com/Pavia_io/status/1514183930605408266
39. The ETH Merge to proof-of-stake is delayed again! No firm date has been established. https://twitter.com/TimBeiko/status/1514010098145759232
40. BlackRock will be the primary asset manager of USDC reserves. It looks like the institutions are fully here in crypto. https://www.coindesk.com/business/2022/04/12/usdc-issuer-circle-raises-400m/
41. Here’s a very good article from IOHK explaining reference inputs and reference scripts that will be implemented at the Vasil hardfork combinator event in June 2022. https://iohk.io/en/blog/posts/2022/04/13/boosting-cardano-s-throughput-with-script-referencing/
42. Here’s a great thread on what happens when you have one-way public pressure on a liquidity pool where one of the assets is an otherwise unavailable wrapped stablecoin. https://twitter.com/Doctor__A__/status/1514230061859319815
43. People are sounding the alarm about two new projects that have launched on Milkomeda. https://twitter.com/NicoArqueros/status/1514603103860903939
44. The Vasil Hardfork Combinator event is scheduled for June 29th and is on track. https://twitter.com/InputOutputHK/status/1514637134040346628
45. The April Mid-Month Update is out and available! https://www.youtube.com/watch?v=B0tojqvMgB0
46. Alessandro (of SpaceBudz, Berry, & Nami) releases Lucid, a Javascript framework to handle Plutus off-chain code. https://twitter.com/berry_ales/status/1514728197438545937
47. Charles offers to help Elon Musk build a decentralized twitter if Elon’s offer to acquire the company and take it private is not successful. https://twitter.com/IOHK_Charles/status/1514707087128997890
48. Robbery Forest Heist Alert: Reports coming in that BeanStalk Farms stablecoin protocol was exploited for something like $80 Million. https://twitter.com/BeanstalkFarms/status/1515700678454390785 https://twitter.com/WatcherGuru/status/1515689590841040899 https://twitter.com/Rightsideonly/status/1515692515286224902
49. The word “Solunavax” is now in Urban Dictionary. https://www.urbandictionary.com/define.php?term=solunavax
50. Our community is so strong, not even Mt. Everest is safe from our reach. https://twitter.com/ArthurPrestidge/status/1515317980942405632
51. The robbers in the Robbery Forest have names. The FBI says North Korea’s Lazarus Group & APT38 hacker teams are behind the Axie Infinity theft. https://gizmodo.com/fbi-says-north-korea-behind-biggest-crypto-theft-in-his-1848797691
52. Very harsh technical and other criticism incoming for Cardano competitor Solana. https://twitter.com/Justin_Bons/status/1514646388688232456
53. Looks like info might come this week about the Cardano Summit NFTs? https://twitter.com/IOHK_Josh/status/1515462695537246208
54. Take note if using an EVM sidechain of Cardano: report of a crazy Metamask vulnerability if you enable iCloud backup of app data on an Apple product. https://twitter.com/Serpent/status/1515545812423839745
55. The wider crypto space is learning that Cardano added 100k wallets in the last month. https://twitter.com/WatcherGuru/status/1516095660424155137
56. The AGIX ERC-20 converter is now live! https://twitter.com/singularity_net/status/1516069469591908361
57. Singularity.net is building a metaverse virtual world (Sophiaverse.ai) where AI characters embodied in humanoid avatars will interact with, teach, and learn from players. This could end up being wildly interesting. https://www.sophiaverse.ai/ https://www.youtube.com/watch?v=Kjh-MXd4xnw
58. Paribus announces it will build an HQ in Pavia. https://twitter.com/paribus_io/status/1512443022801346583
59. Apparently Indigo Step #3 will close out on Apr 19, 2022. https://twitter.com/Indigo_protocol/status/1516072942395928579
60. MuesliSwap Mainnet v.2 is here! Now with partial order matching! https://medium.com/@muesliswap/introducing-muesliswap-v2-the-next-generation-of-cardanos-most-popular-orderbook-dex-6b1fc6af64b1
61. Cardano Ledger App…now with smart contract compatibility. https://twitter.com/Ledger_Support/status/1518927545751773184
62. The dominos are starting to fall. Now the Central African Republic is adopting crypto as legal tender. https://news.yahoo.com/central-african-republic-adopts-bitcoin-104407031.html
63. Binance has recovered a tiny portion of the 600 million USD stolen from the Axie Infinity Ronin Bridge. https://cointelegraph.com/news/binance-recovers-5-8m-in-funds-connected-to-ronin-bridge-exploit
64. Artifct has released info on its Moon metaverse project. https://artifct.app/docs/MoonFlightPlan.pdf
65. Great thread on the trilogues for the new EU crypto AML rules. https://twitter.com/paddi_hansen/status/1519609822823403521
66. The Cardano Summit NFTs are finally here (as of Apr 25 2022). https://blog.terravirtua.io/partnership-news/your-guide-to-cardano-summit-nfts/
67. The April Cardano 360 is ready and waiting for you. https://www.youtube.com/watch?v=b4x5OIy4shU
68. The biggest NFT collection in the world wants to migrate away from ETH after its metaverse land mint cost $177 million in gas fees. https://twitter.com/yugalabs/status/1520612362986078208
69. Shocker! Solana is once again “halted”. https://twitter.com/SolanaStatus/status/1520508697100926977
70. The latest Pavia developer update is out. The builder tool is in development and set for Q2 release. Lots of features and updates revealed including chat features. https://www.youtube.com/watch?v=whnKHNq7f5A
71. There is a new CopiCafe episode from Cornucopias available. Three will be five parcel sizes. The smallest will be roughly the size of an NBA basketball court (16m x24m). https://www.youtube.com/watch?v=HVnzb8IT3lk
72. ADA Realm has released a mockup of their avatar and parcel editor. https://twitter.com/AdaRealm/status/1520493365216919553
73. JPG Store’s new smart contract is open source. They’re offering a $50k bug bounty. https://twitter.com/jpgstoreNFT/status/1520835206659289089
74. The wider crypto space just noticed that Cardano has done over 100k transactions per day for half a month. https://twitter.com/WatcherGuru/status/1521071194786705408
75. We are very early in Cardano. The CEO & Founder of eToro just talked to Charles in person and then tweeted with excitement about a few things including NFTs “coming” to Cardano. https://twitter.com/yoniassia/status/1520954005521715207
76. Genius Yield has revealed their public sale model. https://twitter.com/GeniusyieldO/status/1521215710923563009
77. Charles offers up digital identity (DID) to Elon Musk as a solution he needs for Twitter. https://twitter.com/IOHK_Charles/status/1521152995756363776
78. The Clay Nation metaverse (“Clayverse”) map has been revealed. https://www.claynation.io/clayverse
79. EU Commissioner Mairead McGuinness calls for a joint EU-US led international approach to crypto regulation. https://watcher.guru/news/eu-commissioner-is-calling-for-global-regulators-to-create-a-unified-crypto-regulation
80. The Liqwid AquaFarmers NFT whitelist is now public and ready for you to check your wallet. Use your stake key (instructions in the thread to find your stake key if you don’t know how). https://twitter.com/liqwidfinance/status/1521166352559583237
81. MuesliSwap has gone live with wrapped Bitcoin. https://twitter.com/MuesliSwapTeam/status/1521590290859151360
82. Charles had a great spot on Fox Business. https://twitter.com/IOHK_Charles/status/1521739002214199296
83. Djed is now live on testnet. https://medium.com/cotinetwork/djed-public-testnet-is-live-b0b0b13552e0 https://twitter.com/COTInetwork/status/1521804376725233664
84. The SEC is nearly doubling the number of attorneys it has on crypto enforcement. https://www.cnbc.com/2022/05/03/sec-adds-to-cryptocurrency-regulation-staff.html
85. May 4th was the birthday of Hal Finney who may have been Satoshi.I will try to remember to pour out a little whiskey for him each year until we can bring him back via his cryopreserved remains so that he can reclaim his bitcoin hoard. https://en.wikipedia.org/wiki/Hal_Finney_(computer_scientist)) https://twitter.com/pete_rizzo_/status/1521791809713754113
86. The Federal Reserve has elevated the interest rate by 50 basis points. This half percentage point increase is the largest hike in 22 years (since May 2000) https://www.nytimes.com/2022/05/04/business/economy/fed-rate-decision-inflation.html
87. The Cornucopias land sale will involve a tiered whitelist with tiers for Discord membership and NFT holdings. NFT holders will need to verify their ownership according to the directions provided. https://twitter.com/CornucopiasGame/status/1521916326465392641
88. Pavia will be airdropping PAVs soon and they’ve provided a small FAQ. https://twitter.com/Pavia_io/status/1521851228531134467 https://twitter.com/PaviaRoss/status/1521872255902314496?s=20&t=CferRuF0l936gpQWHcd1rg
89. Gary Vaynerchuk is now telling newbs to buy an NFT on Cardano or Solana because ETH gas fees are too high. https://twitter.com/TangerineADA/status/1521978950649581570
90. Coinbase NFT beta is now open. https://twitter.com/coinbase/status/1521888126934781954
91. Now wrapped ETH is available on muesliswap mainnet. https://twitter.com/MuesliSwapTeam/status/1521917354569048068

~Army of Spies