Saturday, December 10, 2022

Cardano Daily Discussion - December 11, 2022

Hello everyone,

Welcome to the Cardano Daily Discussion!

The standard sub rules apply here (see sidebar), with the exception that price discussion is allowed in this thread, though we encourage you to try not to make this the focus and talk about the project itself. Please ask questions, help others and be civil - be sure to get involved in Project Catalyst too!

If you're new, please make sure you're read through the newbies guide and share it with others (use the ?newbies comment command to reference it).

⚠️ Scam Warning ⚠️

Please read the Cybersecurity guidelines for Cardano Users.

There are ongoing giveaway scams on youtube and many scammers lurking in Cardano's social channels impersonating ambassadors/moderators/official staff contacting users via direct messages.

For example, searching 'cardano' on youtube and sorting by most recent upload date shows several giveaway scams running (all videos in screenshot are scams):

Ongoing 'giveaway' scams on Youtube

The youtube scams are automated; use stolen footage usually of Charles Hoskinson and are restreamed so to appear to be 'live'; appear to have many watchers (which are bots); use bought hacked channels and are edited to appear like official channels.

Do not be fooled!

To be clear:

  • ⚠️ There is no such thing as a Cardano giveaway
  • ⚠️ Never share your seed phrase with ANYONE
  • ⚠️ Never send ADA to someone promising to send you more ADA back
  • ⚠️ You will never be contacted by ambassadors/moderators/staff

Please report scams on the Cardano Fraud Detection Bureau.

⚠️ Scam Warning ⚠️


Elon Musk hints at a threat to BTC.

Head of Tesla, SpaceX, Twitter (as of late) and a few other innovative companies, Elon Musk, has taken to Twitter to name an event that will take place next week and which, if it happens the way he expects it, may become another driver for Bitcoin rise or push it down.

Economists expect 50 basis points hike – how will Bitcoin react? On December 14, another Fed Reserve meeting is taking place, where, per expectations of economists polled by Reuters, another, a rate hike is likely to happen, it would be the fifth one this year.

This time, however, they expect the interest rates to be increased by 50 basis points, rather than 75 as it happened during the previous four meetings. Even though the rate increase is expected to be smaller, as Fed's chair Jerome Powell stated at the end of November, economists still expect a recession to break out in 2023.

GameFi (Axie, God's Infinity, and new projects like CosmoGene and LifeBeyond), DeFi seem to be holding on which is amazing however BTC is still struggling and news like this are not very good to hear.

Each time during the previous rate hikes by 75 basis points this year, the flagship cryptocurrency plunged.


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What is LCB Award?

LCB Awards is a signature event celebrating excellence in the online gambling world. 

It was created to honor online casino and software brands whose high-quality service made the greatest contributions to the online gambling community and the iGaming industry as a whole.

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No-body saw this happening anytime soon, truly amazing.

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No-body saw this happening anytime soon, truly amazing.

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No-body saw this happening anytime soon, truly amazing.

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today: Twitter space (Sat, Dec 10) - "Financial markets - comparing crypto, vs stock, vs foreign exchange markets" (Bitcoin vs Apple vs gold)

dWeb event today: Twitter space (Sat, Dec 10) - "Financial markets - comparing crypto, vs stock, vs foreign exchange markets" (Bitcoin vs Apple vs gold)

https://preview.redd.it/5nl14qu5zy3a1.jpg?width=680&format=pjpg&auto=webp&s=6b31037b5957e5f4a09c4539addd6cb85503b6b2

9am – 10am PT: GMT-8 (US,Canada)

12pm – 1pm ET: GMT-5 (North & South America)

6pm – 7pm WAT: GMT+1 (West Africa)

7pm - 8pm EET: GMT+2 (Eastern Europe & Africa)

https://twitter.com/decentralize_w3

#web3 #decentralization #blockchain #crypto #events


Price analysis 12/9: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, UNI

The CPI report will be followed by the Federal Reserve’s Federal Open Market Committee meeting on Dec. 13-14 where the central bank is expected to hike rates by 50 basis points, according to the FedWatch Tool.

The outcome of the events next week could increase the volatility in Bitcoin (BTC) and result in a trending move.

Also Read : What is stagflation, and how could it impact the cryptocurrency markets?

Daily cryptocurrency market performance. Source: Coin360

After a terrible year that saw some high-profile cryptocurrency companies go bust, the bulls will expect 2022 to end on a strong note. Bears will also try to maintain their stronghold and extend the decline in the next year.

What is the path of least resistance in Bitcoin and altcoins? Let’s study the charts of the top-10 cryptocurrencies to find out.

BTC/USDT

The bulls successfully held the $16,787 support on Dec. 7, indicating strong demand at lower levels. Buyers propelled Bitcoin back above the 20-day exponential moving average ($17,004) on Dec. 8.

Read More The Spuzz.com