Sunday, July 17, 2022

The IKONIC Metaverse was unaffected by the continuing global financial crisis

The IKONIC Metaverse was unaffected by the continuing global financial crisis. A successful conclusion to this project shows that the time and effort invested in it were not in vain.' An entirely new viewpoint on the metaverse is now possible because of this research. The IKONIC metaverse has surprises for everyone who enters it, both good and bad. Virtual meetings necessitate the use of NFT-capable receivers and speakers. Participating in a sport that does not discriminate on the basis of gender could be beneficial for you and your significant other. National Football League tickets (NFTs) are now available for a wide variety of sporting and recreational events. To be safe, it's usually a good idea to keep a few extra copies of your data on hand.

#IKONIC #CRYPTO #BSC #BINANCE #BITCOIN


Monday, July 18th 2022

The Weekly Spin. Starter Edition. Coinweb’s round-up of curated news and opinions (likely biased) from the world of Blockchain, keeping you informed of the most trending, in-the-know, and controversial topics…and now also with some world news and a thought leadership section to keep you curious, inspired, and clinically sane…

Ongoings at Coinweb

Toby Gilbert returns from his triumphant journey, secures lower oil prices and curbs inflation

Events

EthCC 5, July 19 (Paris)

Innovation is the Only Way to WIn (Coinweb), July 19 (Bangkok)

REDeFiNE TOMORROW (Scb10x), July 21-22 (Virtual)

NFT3 Awards, Aug 5 (Los Angeles)

Blockchain Futurist Conference, Aug 9 (Toronto)

Crypto-industry News

$248m outflow from Coinbase trigger concerns for community

https://cryptoslate.com/248m-stablecoins-flow-out-of-coinbase-as-community-refutes-exchange-liquidity-issues/

Mixer usage sees all time high due to nation affiliate cyber-criminals

https://cryptoslate.com/mixer-usage-sees-all-time-high-thanks-to-nation-affiliate-cybercriminals/

Ethereum’s centralized dApps may overshadow decentralization of PoS

https://cryptoslate.com/ethereums-centralized-dapps-may-overshadow-the-decentralization-of-proof-of-stake/

SEC fines McAfee’s associate $375k in penalties for ICO promotions

https://news.bitcoin.com/sec-fines-john-mcafees-associate-375k-in-penalties-for-ico-promotions/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications

Gensler outlines what to expect from SEC on US Crypto regulation

https://news.bitcoin.com/gary-gensler-outlines-what-to-expect-from-sec-on-us-crypto-regulation/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications

Competitive Landscape

Axelar ushers in the Crypto Super App

https://0xpostman.medium.com/axelar-ushers-in-the-crypto-super-app-12f6f9ae53a6

Optimism Bridge Comparison

https://jp12.medium.com/optimism-bridge-comparison-453fa1f476f6

Startups seek cryoto-native messaging platforms https://cryptoslate.com/start-ups-turn-to-crypto-native-messaging-platforms/

Kalima blockchain on path to establish new standard for IoT

https://cryptoslate.com/press-releases/kalima-blockchain-on-a-path-to-establish-new-standard-for-blockchain-based-iot/

Footprint Analytics releases GameFi industry research monthly report

https://cryptoslate.com/gamefi-sector-down-but-not-out-june-report/

Yuga Labs drops “”Otherside” Litepaper, covering the foundations of the metaverse platform

https://news.bitcoin.com/yuga-labs-drops-otherside-litepaper-document-covers-the-foundational-principles-of-the-metaverse-platform/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications

World

Russia afraid of Ukraine Missiles

https://www.forbes.com/sites/davidaxe/2022/07/15/afraid-of-ukrainian-missiles-the-russians-are-chaining-air-defense-vehicles-to-ships/?utm_medium=browser_notifications&utm_source=pushly&utm_campaign=2277234&sh=100fe5d823bb

India calls on G20 to bring crypto with global “Automatic Exchange of Information” framework

https://news.bitcoin.com/india-calls-on-g20-to-bring-crypto-within-global-automatic-exchange-of-information-framework/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications

Thought Leadership

A deeper understanding for wallets

https://medium.com/@devinabbott/what-wallets-really-are-and-their-even-greater-potential-ed76e59546e

Walresian mechanics for Non-Convex Economies and Bound-Form First Welfare

https://mitchwatt.github.io/files/PricingMechanismsNonConvex.pdf?utm_source=substack&utm_medium=email

Market Design: “Redistributive Allocation Mechanisms”

https://substack.com/redirect/d806a5a9-58d6-4655-a1c2-b5e78f63f002?u=92159257

https://preview.redd.it/qoq7fbsym8c91.jpg?width=1073&format=pjpg&auto=webp&s=cb12f7f6c77fd855de1f13e9fb3232a5339c1e83


ESG + Nano discussion

Lets chat about the current world events and how the dynamics are evolving for a fee-less, digital currency. Would like to mention the main reason I love this project is that it was given out for free. Everything else about Nano is a work-in-progress while the world rapidly shifts into another phase.

The fact that a broken, corrupt country like Sri-Lanka scores so high on ESG metrics should raise some concern as to what going green means. I no longer believe in the Nano vs Bitcoin debate - and its pretty clear by now that Proof Of War is vastly more harmful to the planet than Proof Of Work. Add to the fact that EU countries are now firing up coal plants again - bringing to question the carbon footprint(s) argument.

Would it be possible for the Nano Foundation to distance themselves from all ESG platforms and focus on the fact that Nano is fast, distributed, and will not suffer the Registered Securities regulatory phase which is around the corner.

It's been an interesting journey arguing how Nano is "better than BTC" and "Green" however these are no longer strong taglines and it would be a good time for the ethos to evolve.

I have neutral feelings to the actions of the Nano Foundation team, seeing as they will sooner or later have to focus inward instead of aiming to be in the public spotlight. Fate loves irony and there will be a few years of rapid energy use and expansion - followed by the potential emergence of a digital oracle (centralized or not... who knows).

The question is... what to focus on right now to help get the worlds brightest minds out of dire situations. The argument for cutting down on energy, food production and the likes is dead. The world is rejecting the green movement like a bad piece of software.

When it comes to the CBDC project, I wouldn't get too emotionally involved in it because it could be at worse, another PayPal... or at best a Fedwire. The connections and experience that Colin will earn in the process will probably validate the need for XNO as a base layer and leave the CBDC route for institutions and governments who want to know how to start wars - or did we forget what kind of people work at big banks?

I'll finish my points by saying that high inflation rate has essentially taxed businesses to breaking point and we could do so much more as a community by focussing on business building.

Nano - Real money to help build your business.


Market Update

Market Update

Bitcoin (BTC): ⬆️ 2.37 $21,187 MC: $444.5 B TV:29.7 B

Ethereum (ETH): ⬆️ 8.8% $1,352 MC: $162.7 B TV: 21.1 B

BNB (BNB): ⬆️ 5.31% $250 MC: $41.0 B TV:$1.2 B

XRP (XRP): ⬆️ 2.33% $0.34 MC: $16.8 B TV: $1.3 B

MetaPets (MTP): ⬆️ 6.8 $0.00000000004981 MC: $4.9 M TV: $1,950

Market Updates:

  • Voyager seeks to honor withdrawal requests from the custodian bank.

-VGX made a 135% rally despite filing for bankruptcy. After a spike up to $0.94 the currency has now fallen back down to $0.36.

  • A group of early investors named MetaForm Labs has started a Twitter trend called #PumpVGXJuly18 in an attempt to pump the currency back up. The group does not like seeing their stakes down and believes there will be an industry wide run on July 18th.

  • According to Rueters, another company is effected by the Three Arrows Capital fall. 3AC defaulted on a $270 M loan with Blockchain.com.

-Celcius filed for Chapter 11 protection on Wednesday July 13. Withdrawals were paused on June 12. According to their terms of service, customers were warned that they may loose their holdings in the event of bankruptcy. According to Fortune, the "Custody" account holders retain ownership of their assets but are not guaranteed to get their money back. "Earn" accounts grant Celcius ownership of funds as a condition of use. Celcius claims that they are going to try to restructure and has the funds to distribute to unsecured creditors like customers. Many are upset because they have started paying back other decentralized finance services before restoring customer access to their funds. According to State Regulators, "The department believes Celcius is deeply insolvent and lacks the assets and liquidity to honor it's obligations to account holders and other creditors."

-Back in May, Coinbase added a disclosure in their quarterly earnings statement stating that in the event of insolvency, users would be treated as unsecured creditors. Unsecured creditors are typically paid last, if at all.

Please be safe in these uncertain times. Do your own research on any projects you plan to invest in. Never give out your seed phrase.

Be Kind to One Another.


Global BTC news

Can anyone recommend good sources of global news around bitcoin?

I just had a post removed which showed that the BTCJPY price is driving the market (check the 200week/100week ma on the BTCJPY pair). The other pairs (EUR/GBP/USD) are not so tight, but I have no idea how to look at dates of events, key upcoming dates, government documents, etc.

BTC is amazing as a global state indicator. I would like to understand the news sources people use outside the US.

any advice would be great.


⚠️ BITCOIN IN DANGER - MORE CRASH COMING IN CRYPTO MARKET ? 🔴 IMP EVENTS | BACK TO BACK BAD NEWS

https://cryptogemtokens.com/⚠️-bitcoin-in-danger-more-crash-coming-in-crypto-market-🔴-imp-events-back-to-back-bad-news/