Bitcoin pulse, guides and news: 05/27/22

Friday, May 27, 2022

Hacker tastes own medicine as community gets back stolen NFTs

The dev partner of the Solana-based NFT game raised the royalty to 98% from the usual 5%, resulting in the scammer listing the 25 stolen NFTs for sale, which were then bought back and returned.

Tales of traders getting scammed out of their nonfungible tokens were quite common at the peak of the NFT boom. However, in an interesting turn of events, the Solana community came together to “scam” a scammer in order to get back some stolen NFTs.

It all started with the Discord channel hack of cross-chain gaming development studio Uncharted NFT, where scammers managed to drain 109 user wallets. The scammers got away with 150-plus SOL tokens and 25 World of Solana (WOS) NFTs, including three rare and highly valuable digital collectibles.

WOS is a collection of 2,222 unique heroines, with the most expensive avatar currently listed for 123 SOL ($5,600). The current floor price of the collection is 2.03 SOL.

In the aftermath of the hack, the community decided to get back the stolen NFTs. The WOS team got in touch with their development partner, who goes by Cyberfrog on Twitter, and raised royalties on the stolen NFTs to 98% from the default 5%.

#nft #crypto #metaverse #blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn

Hiro's Weekly Community Updates: Developer Monthly Call #2, Future Work for Clarity, Muneeb Ali on Impact Theory, Hyperchains Explained, and more!

Hey Stacks developers! Before heading into the long holiday weekend we want to bring you a roundup of all the latest developer resources, tutorials, and events to keep on your radar. Don’t miss out! Here are a few of our latest posts:

Developer Monthly Call #2 - We had a great time chatting yesterday with the community on Hyperchains and our new Hiro Wallet feature Arbitrary Signing! A recording will be available shortly via YouTube.
Future Work for Clarity - Unlock Clarity's potential by ushering in more bitcoin applications through language and reliability improvements.
Everything You Need To Know About the Future of Bitcoin - Chairman of Hiro Muneeb Ali weighs in for Impact Theory on unique attributes that allow bitcoin to stand high above the rest.
Hyperchains Explained - Here's an overview of hyperchains architecture as well as an update on our progress for hyperchains V1, which will be live on Testnet later this year.
What Does Lightning's Taro Proposal Mean for Stacks - In this blog, we dive into the possibilities of a Taro integration for Stacks and deeper integration with new assets.

Stay tuned here and on our Twitter for more updates and announcements,

- Hiro Team

Bitcoin is DED with Knoxville Bitcoin Network - State of Bitcoin

In this episode Brandon is joined by the leader of the Knoxville Bitcoin Network (@BitcoinKbn) who also works for GRIID a Bitcoin mining company. They get into his Bitcoin origin story, what it is like running a Bitcoin meetup, what it is like working for a Bitcoin mining company, and more! They also dive into 6 current event stories surrounding Bitcoin including Bitcoin price falling with 8 straight red candles for the first time in history, the use of Ocean Thermal Energy Conversion to be used in Bitcoin mining, Oslo Freedom Forum, Central African Republic creating a Bitcoin Island, Bitcoin being taught in 40 high schools in Argentina, and Balenciaga and other luxury brands accepting Bitcoin payments.

Check out the episode here.

Bitcoin is DED with Knoxville Bitcoin Network - State of Bitcoin

Check out the episode here.

Bitcoin is DED with Knoxville Bitcoin Network - State of Bitcoin

Check out the episode here.

Bitcoin is DED with Knoxville Bitcoin Network - State of Bitcoin

Check out the episode here.

Syscoin VS Solana | Comprehensive Analysis 📊

Today the Syscoin cryptocurrency is becoming more and more popular, and many users believe that it is capable of becoming the second Ethereum. However, what about Solana crypto, which was predicted the same future? Even though both platforms have a lot in common: high performance and speed, low fees, and smart contracts, these crypto projects are entirely different in their architecture. In this article, we try to find out which of the two cryptocurrencies is capable of taking the palm.

Before diving into the technical aspects, it is necessary to consider the history of each of the projects. It indicates the strength of the project’s foundation.

A Brief History of Solana

Solana is a monolithic Layer 1 blockchain that allows developers to create efficient, fast, and cost-effective decentralized applications. The project was launched in 2017. The founders of Solana are Eric Williams, Greg Fitzgerald, and former Qualcomm and Dropbox developer Anatoly Yakovenko. On March 23, 2020, the Dutch auction of Solana tokens took place. The peculiarity of this sale was that its participants could return up to 90% of the invested funds. In March 2020, the project was released.

Currently, the project is one of the fastest-growing ecosystems in the blockchain industry. Solana accommodates many different decentralized applications (dApps). Thus, more than several hundred dApps are supported here, including decentralized finance (DeFi), non-fungible tokens (NFTs), and much more.

A Brief History of Syscoin

https://preview.redd.it/mj7a1bp8iz191.png?width=1600&format=png&auto=webp&s=f6ea2f0fc9b443600719d3b6b68a32bb56a5a092

Syscoin is a project launched in 2014 and has gone through many difficulties and modifications by 2022. Initially, the project was intended to become a decentralized marketplace capable of eliminating intermediaries, reducing fees, and speeding up payments. Nevertheless, a sad fate awaited the project. Shortly after the end of the ICO, most of the collected funds were stolen by a hired escrow agent Moolah. However, the development team did not give up and continued working on the project. In 2016, the Blockchain Foundry was launched, soon releasing the Blockmaster — an e-commerce platform on the blockchain. In 2018, after several improvements, Syscoin 3.0 was released. And in 2021, the project team updated the roadmap providing a vision of Syscoin 4.0 — potentially the fastest, safest, and most decentralized blockchain.

What Makes Solana Special?

Solana is one of the fastest blockchains, thanks to its unique, innovative infrastructure. The project processes block every 400 milliseconds, which allows for completing transactions in a matter of seconds. The Solana blockchain can support more than 65 thousand transactions per second (TPS), with the ability to increase this speed as the network grows. In addition, the Solana Foundation and the development team strive to provide the lowest possible cost to end-users. Accordingly, the average price of one transaction on the Solana blockchain is $0.00025. Moreover, Solana offers a variety of tools to help developers launch their projects. In addition, developers can easily integrate dApps existing on other blockchains into the Solana blockchain.

The Solana blockchain operates on an eco-friendly Proof-of-History (PoH) consensus algorithm. Each transaction or piece of data receives a unique timestamp that displays the state, index, and data using cryptographically protected hashes. In this way, it can guarantee the order of events and accurately determine the time of data creation. Although PoH is crucial to the consensus model, it is not the primary consensus protocol. Instead, Solana also uses a practical Byzantine Fault Tolerance (pBFT) mechanism called “Tower BFT.” In Solana, stakeholders can delegate their tokens to validators so that they process transactions and protect the network. To date, Solana has more than 1,700 validator nodes, which makes the blockchain entirely secure and decentralized.

In total, developers have implemented eight key technologies to make the Solana blockchain fast, cost-effective, and secure, for example:

Turbine — a protocol for block propagation, which allows validator nodes to work faster with less electricity consumption.
Gulfstream — a protocol that helps validators process transactions faster and without delays.
Seavel — a smart contract protocol that allows parallel processing and improves performance.

These technologies are part of Solana’s monolithic architecture and allow it to achieve competitive speed, low fees, and efficiency.

Nevertheless, Solana’s monolithic architecture is criticized by many experts who predict the success of modular blockchains. Unfortunately, recently Solana has experienced several failures that have allowed to doubt its stability. For example, in September 2021, the Solana blockchain did not process transactions for more than 10 hours. In addition, the crypto community criticizes Solana because of its centralization. About 50% of SOL is owned by venture capitalists, which negatively affects users’ trust.

What Makes Syscoin Special?

Syscoin is a blockchain with a modular architecture that has absorbed all the best from the two giants, Bitcoin and Ethereum. The Syscoin blockchain is divided into two layers: the first layer is the main Proof-of-Work Syscoin blockchain, which is highly secure since it is merge-mined with Bitcoin. Here, it should be kept in mind that although Bitcoin is criticized for its high electricity consumption and harm to the environment, its blockchain has a top level of security. So, Syscoin is also a Proof-of-Work blockchain that has about 20% of the hash power consumed by Bitcoin. Users who mine blocks in Bitcoin can also simultaneously mine SYS coins without additional costs. Moreover, Syscoin uses a Chainlock technology developed by Dash, reducing network hijacking risk. Since there are more than 2500 master nodes in Syscoin, the network is incredibly decentralized.

The second Syscoin layer is the smart contract layer. Syscoin developers have created a Network Enhanced Virtual Machine (NEVM) that is fully compatible with the Ethereum Virtual Machine (EVM) and allows you to create high-performance, secure, and fast smart contracts with minimum costs. In addition, the developers are implementing ZK-rollups technology, which will allow the Syscoin blockchain to process more than 210 thousand TPS. ZK-rollups technology combines hundreds of transactions into one and generates a zero-knowledge cryptographic proof. Next, a tangle of transactions is sent to validators for verification, after which the smart contract verifies the transactions, and they are added to the block.

Moreover, in Q3 2022, Syscoin expects another update — Validium, which will allow an incredible 4 million TPS throughput. Validium is a kind of ZK-rollups that processes transactions not on-chain but off-chain, which will make the network incredibly faster. Thus, thanks to the modular architecture, the project team achieved a high level of decentralization and scalability without sacrificing security.

The crucial point is that Syscoin allows developers to create crypto projects that comply with regulatory norms. Perhaps this is not such an obvious advantage at the moment. Still, every year, countries’ governments are trying to control more and more companies that use cryptocurrency in their activities. Therefore, creating regulatory compliant projects from the beginning will eliminate headaches in the future.

So What’s the Verdict?

To date, Solana is significantly ahead of Syscoin in terms of popularity and market capitalization. The project has already become home to many well-known DeFi applications, such as Serum, Raydium, Solanart, etc. Solana has a strong and dedicated community and influential partnerships and provides a wide range of services. Nevertheless, the developers of Solana are trying to cram all innovative technologies into one blockchain without dealing with sharded chains and Layer 2 scaling solutions. As practice shows, this approach is challenging to implement, and recently the Solana blockchain has often faced congestion and failures. Syscoin is only gaining momentum, and it still has to go through a thorny path. The developers claim that the purpose of Syscoin is to motivate developers to transfer their decentralized applications from Ethereum to the Syscoin blockchain. Thanks to the modular architecture and ZK-rollups technology, Syscoin will be able to achieve unprecedented speed while remaining cost-effective and secure. In addition, Syscoin provides a potentially important feature for developers — to create tokens that meet regulatory requirements. If the Syscoin developers can realize all their plans, the project has every chance of success.

Where to Buy and Store $SYS and $SOL?

It's better to use credible exchanges, and there is one you can rely on — SimpleSwap is a reputable exchange that has the best rates on the market, and you can always check that. That's the lace you can buy your SYS or SOL or any other token.

As for storing your assets, we offer to give a try to a SimpleHold wallet that is famous for being secure and simple to use.

Original article - https://simplehold.io/blog/article/syscoin-vs-solana?utm_source=social&utm_medium=reddit&utm_campaign=education_post

How am I predicting the future? It's like intuition.

Predicted war would be coming. Predicted my boss would get fired. Predicted a friend would self destruct. Predicted there would be an immensely dramatic event. Predicted when bitcoin would drop in price. Predicted someone would try to hit me. Just a lot of things here and there, it's super strange. A lot of things here and there. It's not some super analyzing or anything, it's just a 'feeling'. Am getting better at ignoring confirmation bias and understanding when this happens. Is there someway I can train this thing?

Will LUNA really fall into a death spiral, as predicted by on-chain analysis on May 19th last year and May 10th this year?

On May 7, 2022, LUNA/USD fell 20% between May 7 and May 8, reaching $61, the lowest level in three months, after whales dumped $285 million worth of UST. As a result of this sell-off, UST briefly lost its peg to the U.S. dollar, falling to a low of $0.98.

The UST stablecoin decoupled sharply from the US dollar again on May 10, 2022, falling to $0.68, a record low. LFG (Luna Foundation Guard) has announced that it will “loan” its $1.5 billion Bitcoin reserves to professional market makers to keep the peg. UST and LUNA have both been drained of LFG’s public Bitcoin and Ethereum wallets after revealing that LFG will lend $1.5 billion in BTC and UST. With a large amount of capital investment, the UST price has gradually recovered and has returned to above $0.9.

https://preview.redd.it/4d691rd1qy191.png?width=549&format=png&auto=webp&s=4de8a574c676a209ea081b9b6fb478b85bfe6434

However, this isn't the first time UDT has "unanchored." The market fell on May 19, 2021 (519). Due to spiral liquidation, the price of UST "de-anchored." It almost entered a vicious circle of confidence collapse when it de-anchored by more than 10%.The occurrence of multiple "unanchored" situations shows that in the "bear market", under the dual threats of market conditions and deliberate attackers, Luna is at great risk of falling into a death spiral.

https://preview.redd.it/n6vgm412qy191.png?width=522&format=png&auto=webp&s=7325b551d4051939c5b5aa1dfbfd03663d66f2ac

Terra ecological stablecoin UST and abracadabra ecological stablecoin MIM are solid ponzis, according to MakerDAO co-founder Rune in January 2022. A possible UST decoupling and a worst-case scenario for the LUNA death spiral were posted by Twitter user 0xHamz.

In March 2022, in response, LFG announced a reserve of $10 billion in BTC to deal with a possible UST decoupling.

This time, UST "un-anchored" again, and LFG's public Bitcoin and Ethereum wallets were depletedon May 7th and May 10th, 2022.

SharkTeam will show you how the LUNA death spiral is generated from the perspective of on-chain analysis, how big the risk is, and when it will appear.

1. Why and under what circumstances does a death spiral occur?

(1) Business Model: Algorithmic Stablecoin (UST/Luna) and High Interest Rate (Anchor).

This begins with Terra's business model. Terra ecology's core design is to expand the stable currency UST's usage scenarios and payment requirements. Luna: Token for governance, pledge, and verification, and UST: stable currency pegged to the native dollar, are used in the operation of UST. The simple understanding is that every time a UST is minted, one dollar worth of Luna must be burned, and Luna aids in the pegging of UST to the dollar through an arbitrage mechanism: if the price of $UST is > $1, there is a chance to destroy $Luna, mint $UST, and profit from the difference with the peg; if the price of $UST is 1$, you can burn $UST for $Luna to restore the peg,

Anchor Protocol (hereinafter referred to as Anchor) is a DeFi platform officially launched by Terra in March 2021. It is essentially Lending, similar to Compund. But Ancho's speciality lies in its extremely high APY (Annual Percentage Yield), which is always maintained at around 20%. Stimulated by high annualization, users' demand for UST has skyrocketed, which is also the core of UST's business. In the Terra ecosystem, Anchor acts as a "state-owned bank", promising an ultra-high current yield of 20% to absorb public deposits (in the form of UST).

(2) Revenue and Expenditure Model: Unable to make ends meet, hidden dangers are buried

Anchor's main income comes from borrowing interest + PoS reward income for borrowing collateral (currently bLUNA and bETH) + liquidation penalty; Anchor's main expenditure is about 20% annualized deposit interest, Anchor itself also provides borrowers with relatively High ANC token subsidy, in order to maintain the ANC token price, Anchor also faces additional ANC token price maintenance costs, which is to solve the problem of ANC token selling pressure.

This is the revenue and expenditure model of UST and Luna. According to the current size of UST and Luna, they need to bear an additional operating cost of about one billion US dollars each year. It is obvious that Anchor alone cannot afford this expense. So, in February 2022, with Anchor’s reserve pool running out, LFG announced an allocation of 450 million UST for Anchor to replenish its reserve pool. This confirms one point: Anchor, unlike other lending agreements, is essentially an integral part of Terra’s planned economy. Its current business operations are not for the pursuit of profit, but a subsidy for the expansion of UST with funds officially funded by Terra. scene-based products.

(3) The formation of the death spiral

Terra's complete logic can be seen in the above analysis: create a scene through Anchor to shape the demand for stablecoins; demand promotes the scale of UST minting, attracting users to enter the market; users continue to enter the market, creating ecological data performance (TVL, address Number of projects, number of projects, etc.) and gradually push up the price of Luna; the project party or foundation cashes out funds through Luna, and subsidizes it to maintain high annualized income, in this cycle.

If the above cycle is stable, UST is the engine of Luna, and Luna is the stabilizer of UST. More Web3 projects and users flood in, and the two interact, and when the trend is good, a positive spiral is formed.

However, when the market value of Luna relative to the stablecoin decreases and the transaction depth decreases, the collateral will be insufficient, the risk of de-anchoring of the stablecoin will increase, the cost of maintaining consensus will be higher, and it will fall into a death spiral. For example, when the market as a whole plummets and Luna is not immune, or when someone can stop the price of Luna, a death spiral will appear.

(4) What is the risk of a death spiral emerging and how high is the threshold?

Naturally, the project party understands the need of maintaining circulation and subsidy sources, and is taking steps to increase production reserves. Anchor is adding new collateral assets, such as bLuna, bETH, wasAVAX, and bATOM, to help increase profits. Anchor dynamic rate is introduced, according to the proposal, the anchor yield will decrease at a rate of 1.5% per month, the minimum APY is set at 15%, which will be reached in 3 months, but if the APY of Anchor is lower than people hope, people will be more interested in UST And Luna demand will fall, UST demand will become smaller, more Luna will be minted, and the price of Luna will fall.

Therefore, the emergence of the death spiral may come from the overall decline of the market, the decline of Anchor APY, and the targeted blocking of Luna prices. At present, the emergence of Terra's death spiral is almost certain, and the risk is very high. Of course, with the establishment of LFG and the incorporation of BTC into UST's reserves and redemptions, Terra Ecology is also striving to maintain a positive business cycle, but in extreme market conditions, can we effectively deal with more unexpected complex situations and To prevent the death spiral, all this still takes time to verify.

2. The cause of UST's de-anchoring from the perspective of on-chain analysis

From May 7th to 10th, whale user

terra1yl8l5dzz4jhnzzh6jxq6pdezd2z4qgmgrdt82k sold 196 million UST within 3 days; whale user terra195wtjmpjxhp336mclqfsyk2plvs8mw3lhsc5nc sold 176 million UST within 3 days.

https://preview.redd.it/pn43um74qy191.png?width=556&format=png&auto=webp&s=948001b43de7f60bc50cc64e62d0709dde4d643a

Among them, terra1yl8l5dzz4jhnzzh6jxq6pdezd2z4qgmgrdt82k had 45.25 million UST flowing to Binance Exchange:

https://preview.redd.it/tl93hzo4qy191.png?width=554&format=png&auto=webp&s=75a661e2903a1ac961af6bc05ca2ecadfd17efce

In addition to the unanchored UST price, from the evening of May 9, the price of Luna also experienced an unconventional sharp drop. Under the double blow, the market panic about UST's de-anchoring gradually formed, dragging UST into a death spiral.

https://preview.redd.it/i7xf4h06qy191.png?width=556&format=png&auto=webp&s=f202f240c378a4d00bc9b5bbb24970428712a3e1

It can be seen that the price drops of UST and Luna are all due to sudden and unconventional price collapses. The possibility of selling off the whale account is very high, and it is very likely that the Terra ecology will be precisely blocked. Specifically:

(1) Massive $285M UST sell-off on Curve and Binance by a single player.

(2) Massive shorts on Luna.

(3) Hundreds of Twitter posts continuously smear Terra and the UST ecology.

But it has to be said that in addition to the loss of the project side, a large number of ordinary investors have suffered huge losses.

3.What is the project party's strength based on the chain analysis, and will there be similar risks in the future?

As of May 9, LFG holds a total of about 3.5 billion USD worth of Bitcoin reserves, which are specially used in extreme cases and are only used for rescue in emergency situations. Only when the LUNA stability mechanism fails, will the emergency reserves be used. . This means that in the extreme case of UST being sold off a lot and LUNA prices falling sharply, Bitcoin, as a foreign exchange reserve that is not strongly correlated with the Terra economy, adds a policy to Terra's intervention in the exchange rate (maintaining the peg to the dollar) tools, such as this time.

LFG Bitcoin wallet location:

bc1q9d4ywgfnd8h43da5tpcxcn6ajv590cg6d3tg6axemvljvt2k76zs50tv4q On May 10, two large transfers were generated, 28205BTC and 42530BTC respectively, of which 28205BTC was directly sent to the wallet address suspected of Binance.

https://preview.redd.it/bb620f27qy191.png?width=556&format=png&auto=webp&s=3aff6361a1a18b03db967e7fd478d12917d86c07

https://preview.redd.it/c6mkbtj7qy191.png?width=555&format=png&auto=webp&s=37e1331b47bf1f1c22208a89a024997d0a4be4f3

https://preview.redd.it/yqtlmdy7qy191.png?width=556&format=png&auto=webp&s=cbbdfd7816412fe938016b6ec6c5912a83284318

According to Do Kwon, founder of the Terra project, the sale of BTC can provide financial support for the purchase of UST, thereby stabilizing the price of UST. The flow of funds to the LFG Bitcoin address fits what Do Kwon describes is the strategy. Regarding the source of BTC, according to cointelegraph, on May 5, LFG purchased 37,863 BTC through Genesis OTC and Three Arrows Capital to serve the currency price stability of UST.

https://preview.redd.it/01bacwm8qy191.png?width=540&format=png&auto=webp&s=74bd152a750b2560d6d2d2d006424b621ea1210d

The ChainAegis platform also records the history of the fund balance of the LFG address:

https://preview.redd.it/twn4idc9qy191.png?width=556&format=png&auto=webp&s=85e028345df43abd6b974f97eb4773388ecb7835

It can be seen that since March 2022, LFG has been increasing its reserves of BTC, up to 42,350 BTC. On May 10, the LFG address used up all the accumulated BTC reserves and transferred in and consumed an additional 28,205 BTC on the same day. As of press time, the address has output a total of 70,736 BTC to stabilize the UST price crash on May 10. The current UST price has returned to above $0.9, and the low point ($0.6879) has rebounded sharply, but there is still a gap from the anchor price of $1. De-anchoring is still not fully resolved.

In general, from the perspective of LFG's ability to save the market and the development background of Luna, the capabilities of the project party and the foundation are very strong. However, under the shadow of the death spiral in the business model, this is not an equal war. The attackers use capital of less than 1 billion US dollars to build momentum with public opinion. The Terra project party has to pay several times the capital investment and experience to turn the situation around. Therefore, the possibility of similar risk events occurring in the future is still very high, and I hope everyone can invest cautiously.

SharkTeam will also continue to track and identify the biggest beneficiaries, and strive to fully restore the whole incident. Like 519 in 2021, 510 in 2022 is also a milestone that deserves our in-depth analysis and understanding.

About us: Our vision is to improve security globally. We believe that by building this security barrier, we can significantly improve lives around the world.SharkTeam composes of members with many years of cyber security experiences and blockchain, team members are based in Suzhou, Beijing, Nanjing and Silicon Valley, proficient in the underlying theories of blockchain and smart contracts, and we provide comprehensive services including threat modeling, smart contract auditing, emergency response, etc. SharkTeam has established strategic and long-term cooperations with key players in many areas of the blockchain ecosystem, such as Huobi Global, OKX, polygon, Polkadot, imToken, ChainIDE, etc.

Telegram：https://t.me/sharkteamorg

Twitter：https://twitter.com/sharkteamorg

Reddit：https://www.reddit.com/r/SharkTeam

Cardano Rumor Rundown May 27, 2022

Hey Everyone!

Let's go...

Newly covered today:

Apparently some projects are more up front about “exploiting young talent”. https://twitter.com/josephdelong/status/1529652818197495808
We now have dates on the first Cornucopias Land Mint June 3-7. https://twitter.com/CornucopiasGame/status/1529873760278413319
Shahaf Bar-Geffen of COTI was quoted in a Forbes article on the UST/Luna Terra implosion. https://discord.com/channels/829374949587419137/842583414439542805
Having little buddies for the player is becoming a common theme in Cardano metaverse projects. Pavia has Pavs and Carda Station has ADA Minions. Here’s the very well done video announcing ADA Minions in Carda Station. https://twitter.com/Carda_station/status/1524823060238454784
Paul did a great interview with the Cornucopias team and revealed some additional new details on the upcoming land sale. https://youtu.be/-As4cwicRZ4
IOHK made a documentary about their visit to the Ukraine/Poland border area. https://twitter.com/timbharrison/status/1529872546081931266

Previously Covered but still interesting:

Our community is so strong, not even Mt. Everest is safe from our reach. https://twitter.com/ArthurPrestidge/status/1515317980942405632
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
Very harsh technical and other criticism incoming for Cardano competitor Solana. https://twitter.com/Justin_Bons/status/1514646388688232456
Looks like info might come this week about the Cardano Summit NFTs? https://twitter.com/IOHK_Josh/status/1515462695537246208
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
The wider crypto space is learning that Cardano added 100k wallets in the last month. https://twitter.com/WatcherGuru/status/1516095660424155137
The AGIX ERC-20 converter is now live! https://twitter.com/singularity_net/status/1516069469591908361
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
Paribus announces it will build an HQ in Pavia. https://twitter.com/paribus_io/status/1512443022801346583
Apparently Indigo Step #3 will close out on Apr 19, 2022. https://twitter.com/Indigo_protocol/status/1516072942395928579
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
Cardano Ledger App…now with smart contract compatibility. https://twitter.com/Ledger_Support/status/1518927545751773184
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
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
Artifct has released info on its Moon metaverse project. https://artifct.app/docs/MoonFlightPlan.pdf
Great thread on the trilogues for the new EU crypto AML rules. https://twitter.com/paddi_hansen/status/1519609822823403521
The Cardano Summit NFTs are finally here (as of Apr 25 2022). https://blog.terravirtua.io/partnership-news/your-guide-to-cardano-summit-nfts/
The April Cardano 360 is ready and waiting for you. https://www.youtube.com/watch?v=b4x5OIy4shU
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
Shocker! Solana is once again “halted”. https://twitter.com/SolanaStatus/status/1520508697100926977
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
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
ADA Realm has released a mockup of their avatar and parcel editor. https://twitter.com/AdaRealm/status/1520493365216919553
JPG Store’s new smart contract is open source. They’re offering a $50k bug bounty. https://twitter.com/jpgstoreNFT/status/1520835206659289089
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
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
Genius Yield has revealed their public sale model. https://twitter.com/GeniusyieldO/status/1521215710923563009
Charles offers up digital identity (DID) to Elon Musk as a solution he needs for Twitter. https://twitter.com/IOHK_Charles/status/1521152995756363776
The Clay Nation metaverse (“Clayverse”) map has been revealed. https://www.claynation.io/clayverse
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
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
MuesliSwap has gone live with wrapped Bitcoin. https://twitter.com/MuesliSwapTeam/status/1521590290859151360
Charles had a great spot on Fox Business. https://twitter.com/IOHK_Charles/status/1521739002214199296
Djed is now live on testnet. https://medium.com/cotinetwork/djed-public-testnet-is-live-b0b0b13552e0 https://twitter.com/COTInetwork/status/1521804376725233664
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
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
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
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
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
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
Coinbase NFT beta is now open. https://twitter.com/coinbase/status/1521888126934781954
Now wrapped ETH is available on muesliswap mainnet. https://twitter.com/MuesliSwapTeam/status/1521917354569048068
A very interesting thread on ETH Beacon Chain centralization. https://twitter.com/dagaffer101/status/1523194663473135616
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
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
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
The Cornucopias podcast, CopiCafe Ep. 6 is now out and available. https://www.youtube.com/watch?v=KuMRgvVDPW8
COTI and Djed have partnered with GADA Launchpad. https://twitter.com/COTInetwork/status/1523620203422437376
The winner has authored a thread on how the Artifct Moon Treasure Hunt was solved. https://twitter.com/AshXlandZ/status/1523403686810353666
There is a new Africa update with John O’Connor available. https://www.youtube.com/watch?v=X1cKW1RhI2E
As they post under #ponzi, many members of the Solunavax space seem to be collectively accepting that while they thought TerraUSD was pegged, it was in fact them. https://twitter.com/jonwu_/status/1523793482850050048 https://twitter.com/stablekwon/status/1523532474860539905 https://assets.website-files.com/611153e7af981472d8da199c/618b02d13e938ae1f8ad1e45_Terra_White_paper.pdf https://twitter.com/IOHK_Charles/status/1523876312498192386 https://twitter.com/ercwl/status/1523802943362895872 https://twitter.com/el33th4xor/status/1523968918934728709
MuesliSwap held an AMA on Reddit and the questions and answers have been compiled on Medium. https://medium.com/@muesliswap/muesliswap-reddit-ama-06-05-2022-69097df389aa
Liqwid gives us a little teaser of the AquaFarmer NFTS. https://twitter.com/liqwidfinance/status/1524204829110906880/photo/1
Yellen is citing the Luna Terra fiasco and calling for stablecoin regulation by the end of the year. https://techcrunch.com/2022/05/10/us-treasury-secretary-janet-yellen-pushes-for-stablecoin-regulation-by-end-of-year/
The Indigo Protocol private testnet is now live. https://twitter.com/Indigo_protocol/status/1524108224026324993?s=20&t=mR-Tqs9xvh1aDFysTiMzwg
Here’s an illustration from Pavia as to the size of the Pavia Plaza. Turns out it’s big. https://twitter.com/Pavia_io/status/1524296117768368128/photo/1
Charles had a few things to say about the events of the last few days. https://www.youtube.com/watch?v=pNH_PvkVN74
Here’s a World Mobile video showing an air node installation. https://twitter.com/WorldMobileTeam/status/1524042009970888705
Unlike UST, the Ergo stablecoin, SigUSD, has maintained it’s peg nicely since establishment. SigUSD is based on the AgeUSD architecture just like Djed. https://twitter.com/ergoplatformorg/status/1524302368241819657
Here is the latest response from Stable Kwon. Doesn’t seem like a terribly promising plan. https://twitter.com/stablekwon/status/1524331171189956609
Both Blackrock & Citadel have denied the rumors they were involved in Crashing UST. https://watcher.guru/news/blackrock-and-citadel-have-denied-trading-with-terras-stablecoin-ust
Mainstream media is reporting that Charles doesn’t think we’ll get comprehensive crypto regulation this year since there is not enough time politically before mid-term elections to accomplish the task. This would push it to 2025. https://www.foxbusiness.com/technology/cardano-founder-sees-comprehensive-cryptocurrency-legislation-pushed-2025
IOG releases a new paper on P2P. https://eprint.iacr.org/2022/541/20220510:081002 https://twitter.com/IOHK_Charles/status/1524587529743257601
Here’s a thread on Djed asking some interesting questions. https://twitter.com/MatthewPlomin/status/1524386978220974080
ADA Handle reports it has partnered with Cardano Mixer which is a transaction privacy protocol. https://twitter.com/adahandle/status/1524088554392932352
Meanwhile Cardano developers are just grinding away. Watch the code forges glowing red hot here. https://cardanoupdates.com/
An important question has surfaced as a result of the revelation that UST may not be the first stablecoin from its creator. https://twitter.com/DeansEpoch/status/1524495566163660800
It looks like Terra may be moving toward a plan where “validators should reset the network ownership.” Is that the type of crypto that most of us signed up for? https://agora.terra.money/t/terra-ecosystem-revival-plan/8701
Even Forbes realizes that the EVM may not be the best virtual machine in the industry. https://www.forbes.com/sites/lawrencewintermeyer/2022/05/12/will-ethereums-virtual-machine-eat-itself/
Copi Cafe Episode 7 is out. https://www.youtube.com/watch?v=s1zSbpzY40w
Here are details on the Liqwid Aquafarmers NFT mint that will be going down at 12:00 PM UTC (8:00 AM EST) on Tuesday, May 17th. The medium article describes a 12 hour window for whitelisted addresses. https://liqwid-finance.medium.com/liqwid-aquafarmers-nfts-mint-date-and-time-c347b05b288e
Daedalus 4.10.0 is out. https://iohk.zendesk.com/hc/en-us/articles/6515425656089
Charles with some very incisive commentary on the way Cardano funds development vs. the rest of crypto. https://twitter.com/IOHK_Charles/status/1525651090376736768
The Cornucopias NFT Tree mint is this Friday (May 20) at 2:30pm UTC. https://twitter.com/CornucopiasGame/status/1526627372916690945
Sounds like Shahaf Bar-Geffen is going to be on Cardano 360 this week to talk about Djed as an algorithmic stablecoin. https://twitter.com/DjedStablecoin/status/1526717080124399616
Solana had another bad day and shock was experienced by no one. https://twitter.com/evan_van_ness/status/1526635595958820865
MuesliSwap lays out their innovative new combination of AMM/LP liquidity and partial orders that is slated for MuesliSwap v2. https://twitter.com/MuesliSwapTeam/status/1526521563478216704
Meld has an ADA-Matic Bridge live on testnet. https://twitter.com/MELD_labs/status/1526655506051473413
There will be a World Mobile AMA Thursday May 19 at 8pm UTC. https://twitter.com/WorldMobileTeam/status/1526834369813704705
It has become clear the mainstream media (and even a lot of people within crypto) have zero understanding of proof-of-stake. https://twitter.com/TuurDemeester/status/1526670962837671937
The US Fifth Circuit has released a decision against SEC use of administrative law judges in cases where it sees a right to jury trial for parties. https://twitter.com/prof_jpc/status/1527003339644362756
Cardano is going to have a good contingent at Consensys with over 500 people signed up for the Cardano party. https://twitter.com/Cardano/status/1527000670078902272
We now have some info on the Cornucopias virtual lands that will go on sale. https://medium.com/copiwatch/a-glimpse-of-virtual-land-in-cornucopias-cardano-metaverse-42d19663755c
Here’s a nice 43 second explainer video on World Mobile Air Nodes. https://twitter.com/WorldMobileTeam/status/1526940098591326208
Weiss crypto drops another very complimentary thread about Cardano. https://twitter.com/WeissCrypto/status/1527336737001074688
The Cornucopias Copi Wiki is now live. https://copiwiki.cornucopias.io/
Indigo has dropped the details on not just one…but two…airdrops. https://indigoprotocol1.medium.com/indigo-airdrop-cspa-partnership-1ca79fa3890a
Cornucopias released this teaser video with imagery of a Cloud Gate at the end. They also dropped their weekly Copi Cafe podcast. https://youtu.be/0CM2Qj6dh_w https://youtu.be/yyPsEOsSt7E
Cointelegraph writes an entire article about the need for mass adoption of liquid staking and manages to avoid mentioning that it’s already alive and well for some time in Cardano. https://cointelegraph.com/news/the-truth-behind-the-misconceptions-holding-liquid-staking-back
Apparently, we are only eight epochs away from the Vasil Hardfork Combinator Event. https://twitter.com/CardanoChefPool/status/1528492769223667712
Pavia gives us a peek at a mystery building. Is it a garage? A hanger? An incinerator? https://twitter.com/Pavia_io/status/1528695835734822914
The Pavia Builder Tool is coming in June! https://twitter.com/Pavia_io/status/1528755541169913858
Algorand appears to be suffering collective insanity as they consider giving their DeFi projects double votes in governance elections. https://twitter.com/danny_cryptofay/status/1528729769843597313
Don’t forget, yesterday was the day that Laszlo traded 10k bitcoins for a couple of pizzas twelve years ago. https://twitter.com/IOHK_Charles/status/1528733380124151809
It looks like South Korea is trying to find deep pockets to compensate Luna holders and may hold the exchanges responsible. https://twitter.com/WatcherGuru/status/1528820015352389632
ECB President Christine Lagarde says crypto assets are “worth nothing” and “based on nothing.” She also revealed her son had bad luck in crypto. I’m sure he appreciates his mom putting him on blast to the entire world like that. https://www.politico.eu/article/crypto-assets-worth-nothing-ecb-christine-lagarde/
Indigo has dropped an infographic to help describe the three phases of their token distribution. https://twitter.com/Indigo_protocol/status/1528849687142350849
Cornucopias will have their second NFT Tree sale today (May 25). This time, it will be fruit trees. https://discord.com/channels/829374949587419137/842583414439542805/978401966944309268
Apparently it’s admitted history that the Polkadot consensus protocol was coded up in two weeks. https://twitter.com/rphmeier/status/1528975796865363968
Charles is in DC for the Blockchain Summit 2022 to see if he can make any progress with the regulators. He reports that Senators Lummis & Gillibrand will release their comprehensive crypto bill in June. https://twitter.com/IOHK_Charles/status/1529128012884676610 https://twitter.com/IOHK_Charles/status/1529128521553018880
DC points out a great thread on sound protocol design in DeFi. This includes tips on when it’s a ponzi and when you are the exit liquidity. https://twitter.com/DCdoso/status/1529121840177741825 https://twitter.com/josephdelong/status/1528887299743924224
Today (the 26th) will be the May Cardano 360. https://twitter.com/InputOutputHK/status/1529161615354040320
There is now a replacement for db-sync called Carp. https://twitter.com/dcspark_io/status/1529434530511216640
World Mobile is now advertising air nodes to local entrepreneurs in Zanzibar. https://twitter.com/WorldMobileTeam/status/1529462461644124162
The future is looking…let’s call it…“interesting” for Ethereum 2.0. The beacon chain just experienced a 7 block reorg. Not a huge amount of time encompassed in those 7 blocks…but still a reorg. https://twitter.com/koeppelmann/status/1529458000011972610

~Army of Spies