Tuesday, 3rd January 2022

The Daily Spin. 200th Issue Tuesday Edition. Welcome back to the Daily Spin, as we look forward to what I believe will be a landmark year for many people and many things… 2023 will see even more change, disruption, and controversial investigations occur alongside some of the greatest advancements in science & technology. The first cohort of millennials will finally be graduating from universities around the world. Will they be cannon fodder? Will they take responsibility as adults and overcome their fear and hatred for all generations that came before them? Are birds even real??

The other thing that tends to impact the world in weird and unwanted ways, is the inevitable run-up to the 2024 US presidential elections. Fueled by unmarked bills, tainted crypto, and fresh off the print Benjamins… the fat lady has sung her song and it’s high time for some things to be over. Move on already. Live in the now. It’s the only thing that is real.

SBF to plead “not guilty” and will face the full sentence of his crimes from a luxury minimum-security prison in the Oakland area. Bahamas tells SBF to surrender $300m. DCG is given until the 8th to resolve Gemini Earn issues. XRP whales are sighted moving hundreds of millions of tokens, again. Justin Sun denies Huobi layoffs, and starts playing the cards for USDT. Solana starts the year with a 14% bang. Lido’s 17% jump now has the highest TVL in a DeFi protocol. Ethereum did 338% more transactions than Bitcoin over 2022. A lot of token unlocks will be happening in this month, with approx. $169 million worth on schedule to be released into the open market. Silvergate gets hit with a class-action, Binance acquires a smaller exchange, Musk tops the insider dumps list for the year. Then, we’ve got Bankless, Vitalik on BAYC, Miles Deutscher on Alameda, and much more – all packed into our first issue of the Daily Spin to kick off the year …here is our round-up of curated news and opinions (surely biased) from the world of Blockchain, keeping you informed now after the holiday season with the most trending, in-the-know, and controversial topics. In the name of transparent, dissemination of information to keep you curious, inspired, and clinically sane…

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Ongoings at Coinweb

Coinweb to Deliver Cross-Chain Smart Contract Architecture and Blockchain Loyalty Programme to BMW
https://cryptoslate.com/bmw-to-bring-blockchain-loyalty-program-through-coinweb-and-bnb-chain/

Block Tides' exclusive interview with Coinweb at the London Digital Asset Week
https://www.youtube.com/watch?v=jmPk_74nNlw

Toby’s Presentation at CryptoExpo Thailand, Oct 8
https://www.youtube.com/watch?v=FfUdcHFMXHg

Toby quoted in “Decoding cryptocurrency market: Can cryptos finally bounce back in 2023 after 2022 devastation”
https://www.ibtimes.co.in/decoding-cryptocurrency-market-can-cryptos-finally-bounce-back-2023-after-2022-devastation-855336

Latest Video Release: Liquidity Pools Explained (Part I) (4mins)
https://youtu.be/Z5byW7OOMP8

KuCoin Labs launches incubation program to accelerate builders (Coinweb, DoraHacks, Ava Labs)
https://cointelegraph.com/press-releases/kucoin-labs-launches-incubation-program-to-accelerate-builders

“Coinweb’s Cross-chain Routing System and Eliminating Platform Risk” a Thread by Anton on Twitter
https://twitter.com/coinwebofficial/status/1602615630879985664?s=46&t=yj1lrGctwO-5NBlfjKPvUg

Toby Interviewed at the Benzinga Future of Crypto Conference, Dec 7 (New York)
https://www.benzinga.com/markets/cryptocurrency/22/12/30022360/coinweb-is-making-a-splash-as-a-leading-layer-two-platform

World Blockchain Summit, Dec 8-9 (Bangkok)
https://coinweb.io/events/its-a-wrap-for-2022-world-blockchain-summit/

Crypto AM Summit and Awards, Nov 23-24 (London)
https://twitter.com/tobycoinweb/status/1595909263263662081?s=46&t=V-EQfqnAOG7fXAWZ3sMk1Q

“Understanding the Great Crypto Tradeoff” by Toby Gilbert
https://dailyhodl.com/2022/11/16/understanding-the-great-crypto-tradeoff/

“The Time is Now for Blockchain” article on Times of Malta
https://timesofmalta.com/articles/view/time-now-blockchain-a2.994854

Toby’s full presentation at Token2049-London
https://youtu.be/pdtKx3vAs9c

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On the Radar

World Crypto Conference, Jan 13-15 (Zurich)
https://worldcryptoconference.org/

European Blockchain Convention, Feb 15-17 (Barcelona)
Interop Summit, Feb 27-28 (Denver)

Blockchain Life 2023, Feb 27-28 (Dubai)

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On the Block(chain)

Sam Bankman-Fried Will Plead Not Guilty to Fraud Charges, Faces 115 Years if Convicted: Report
https://dailyhodl.com/2023/01/02/sam-bankman-fried-will-plead-not-guilty-to-fraud-charges-faces-115-years-if-convicted-report/

Bahamas Security Commission told SBF to surrender $300 million
https://cryptoslate.com/bahamas-security-commission-told-sbf-to-surrender-300-million/

Digital Currency Group gets Jan. 8 deadline to resolve Gemini earn issues
https://cryptoslate.com/digital-currency-group-gets-jan-8-deadline-to-resolve-gemini-earn-issues/

Bitcoin Firebrand Michael Saylor Reveals Why MicroStrategy Sold Over $11,000,000 in BTC Before End of 2022
https://dailyhodl.com/2023/01/02/bitcoin-firebrand-michael-saylor-reveals-why-microstrategy-sold-over-11000000-in-btc-before-end-of-2022/

XRP Whales Moves Over 200,000,000 Tokens As Ripple Unlocks Escrow Funds: On-Chain Data
https://dailyhodl.com/2023/01/02/xrp-whales-moves-over-200000000-tokens-as-ripple-unlocks-escrow-funds-on-chain-data/

Here Are Three Altcoins To Watch To Start the New Year, According to Top Analyst
https://dailyhodl.com/2023/01/02/here-are-three-altcoins-to-watch-to-start-the-new-year-according-to-top-analyst/

Justin Sun denies that Huobi is planning layoffs
https://cryptoslate.com/justin-sun-denies-that-huobi-is-planning-layoffs/

Ex-Meta crypto head expects crypto winter to drag through 2024
https://cryptoslate.com/ex-meta-crypto-head-expects-crypto-winter-to-drag-through-2024/

Logan Paul to respond CryptoZoo scam allegations made by Coffeezilla
https://cryptoslate.com/logan-paul-to-respond-cryptozoo-scam-allegations-made-by-coffeezilla/

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Competitive Landscape

The Most Anticipated Tech IPOs In 2023: Stripe, SpaceX Headline An Uncertain Class
https://www.forbes.com/sites/alexkonrad/2023/01/02/most-anticipated-tech-ipos-2023/?sh=17c1d30e25b0

Solana starts 2023 with a bang with 14% spike
https://cryptoslate.com/solana-spikes-14-to-start-2023-with-a-bang/

Lido now has the highest DeFi TVL as LDO increases 17%
https://cryptoslate.com/lido-now-has-the-highest-defi-tvl-as-ldo-increases-17/

Research: Short-term Bitcoin holders fell to its lowest level at 15% of the supply
https://cryptoslate.com/short-term-bitcoin-holders-fell-to-its-lowest-level-at-15-of-the-supply/

Web3 startups raised $7.1B in funding during 2022 – Gaming accounted for 62%
https://cryptoslate.com/web3-startups-raised-7b-funding-in-2022-with-gaming-accounting-for-62/

Binance reportedly finalizing acquisition Korean crypto exchange Gopax
https://cryptoslate.com/binance-reportedly-finalizing-acquisition-korean-cryptocurrency-exchange-gopax/

Ethereum Name Service saw 2.2M ENS names registered in 2022
https://cryptoslate.com/ethereum-name-service-saw-2-2m-ens-names-registered-in-2022/

Looking back on the year with Polygon: Increase in transactions, new collaborations, and more
https://cryptoslate.com/looking-back-on-the-year-with-polygon-increase-in-transactions-new-collaborations-and-more/

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World

The Most Notable Career Crashes Of 2022
https://www.forbes.com/sites/jenamcgregor/2022/12/28/the-most-notable-career-crashes-of-2022/?utm_medium=browser_notifications&utm_source=pushly&utm_campaign=2577729&sh=47f19b52430e

The Biggest Winners In 2022’s Energy Rollercoaster
https://www.forbes.com/sites/christopherhelman/2022/12/29/the-biggest-winners-in-2022s-energy-rollercoaster/?utm_medium=browser_notifications&utm_source=pushly&utm_campaign=2576295&sh=24f11e5427b6

Here’s Another Year-End List Topped By Elon Musk: The Biggest Insider Stock Dumps Of 2022
https://www.forbes.com/sites/brandonkochkodin/2022/12/30/heres-another-year-end-list-topped-by-elon-musk-the-biggest-insider-stock-dumps-of-2022/?utm_medium=browser_notifications&utm_source=pushly&utm_campaign=2575277&sh=ae0b35258446

Silvergate Capital hit with class action lawsuit for Securities Law violations
https://cryptoslate.com/silvergate-capital-hit-with-class-action-lawsuit-for-securities-law-violations/

Brazilians are turning to stablecoins to protect savings from inflation
https://cryptoslate.com/brazilians-are-turning-to-stablecoins-to-protect-savings-from-inflation/

Nearly 28% Of Mainland China Arrivals At Taiwan’s Busiest Airport Test Positive For Covid Sunday
https://www.forbes.com/sites/russellflannery/2023/01/02/nearly-28-of-mainland-china-arrivals-at-taiwans-busiest-airport-test-positive-for-covid-sunday/?sh=43e1bb4d2a96&utm_medium=browser_notifications&utm_source=pushly&utm_campaign=2577777

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Thought Leadership

Vitalik Buterin’s Take on Bored Ape Yacht Club
https://www.youtube.com/shorts/GWVxXKuOatA

Bankless #151 - Why Are We Here? with Erik Voorhees (1hr 33mins)
https://www.youtube.com/watch?v=FxDSFBhetw0

Miles Deustcher: Alameda Is Dumping THESE Tokens Now! 🚨 (20mins)
https://www.youtube.com/watch?v=30WGlR8voAw

Token unlocks worth $169M scheduled in January
https://cryptoslate.com/token-unlocks-worth-169m-scheduled-in-january/

Dude, Where’s My Year-End Bonus and Do Ethereum Killers Even Exist? | Bankless Publishing Recap

https://open.substack.com/pub/banklessdao/p/dude-wheres-my-year-end-bonus-and?r=1ivajd&utm_medium=ios&utm_campaign=post

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https://preview.redd.it/liqvwblovr9a1.png?width=832&format=png&auto=webp&s=c3a9a6b12ecb6d06e300ee28e6a49cd3344db5b5

Is bitcoin the only ''hard asset investment solution'' to fight the WEF's CBDC with their ''fake fiat digital programmable USD coin''

So if the WEF bring the CBDCs and rollup the new ''fiat blockchain programmable USD coin'' by banning all physical cash. Knowing there there is only 2 group of people! 1. You own hard assets or you don't. Robert Kiyosaki says that there are 4 assets class. (1. Real estate, 2.Paper(stock,bond,CD) 3. Commodities (gold,silver,oil, bitcoin) 4. Business!

First there will be only a minority that will own those assets.

Second, since the majority only has ''fiat programmable USD coin'' that might last few months (Hypothesis, cause I don't know how long they would potentially ''programmed'' our money to be used before a certain date) , Then the only way those people will pay the rent to the landlord, the good/services to the business owner and even the dividend from the stock will be payed in ''fiat fake programmable USD coin''

Even worse, if you want to sell your business, real estate or stocks, you'll accept to sell it for fake blockchain WEF fiat money ?

Therefore the only solution will be commodities like Gold, silver, Bitcoin!

Even there, 1. Are they going to create a weird black swan event for crypto ? That will destroy BTC ?

1. If they do, will we really be able to buy food and shelter with gold ? And are they going to ban gold like in 1933

I really don't think they are capable to destroy Bitcoin! Therefore that's pretty much the only solution to free yourself right ?

So our world after CBDC and physical cash being banned is several interconnected blockchain since everything will be tokenized. The USD Fiat programmable coin on a blockchain, and the Bitcoin blockchain! The only ''RICH'' will be the bitcoin owners ???

Bitcoin being so far the only real ''commodities'' out of all crypto declared by FED otherwise the other will soon be all declared as securities.

So Bitcoin is the only solution and we pray there is not a weird black swan event. OR maybe the WEF don't care about Bitcoin because there is only about 1 million whole bitcoiners and 30M crypto owners! or correct me if I'm wrong, but that's not a lot of people for them!

What are your thought about how to save ourselves!

Especially after CHATGPT will stole all our jobs! Therefore Universal basic income will become more and more popular! Maybe in 5-10 years!

In 2022, five instances of governments adopting digital assets will make cryptocurrency history.

Indeed amid the request breakdown and repetitious public attacks on the assiduity, some of the officers set up the courage to embrace invention. The time 2022 wasn’t the stylish one in terms of crypto character among controllers and policymakers. Still, Some of the names aren't new, while others showed progress significant enough to include in this listicle. The United Arab Emirates and El Salvador continued to push their crypto docket and the United Kingdom showed great trouble to lay the nonsupervisory foundation, while Brazil and the Central African Republic fairly honored the cryptocurrencies.

https://preview.redd.it/d9kosvyl6r9a1.jpg?width=900&format=pjpg&auto=webp&s=9a0c6d3c5e047bf5edc2434f04178a19e7882390

Brazil:
Brazil may have had mainstream relinquishment in 2021, but it was not until 2022 that the nation entered its nonsupervisory frame.
Jair Bolsonaro, the gregarious chairman of Brazil, authorized the use of cryptocurrencies as a means of payment in his nation by subscribing to a bill just before he left office.
The measure introduces the legal description of digital currencies and sets a licensing scheme for suppliers of virtual asset services, but it doesn't make cryptocurrencies legal cash as it does in El Salvador.
The bill arrived on schedule. The number of businesses holding cryptocurrencies has risen to unknown heights in Brazil; in August 2022, the duty officer of the nation counted,053 distinct businesses declaring cryptocurrencies on their balance wastes.
The Brazilian Stock Exchange blazoned in May that it'll introduce Bitcoin futures trading as its first functionary cryptocurrency-related product.
In discrepancy to the US, 11 exchange-traded finances( ETFs) exposed to cryptocurrencies are now traded on the Brazilian Exchange by institutional and individual investors.

United Kingdom
The United Kingdom The time was not easy for Great Britain. Queen Elizabeth II failed in 2022, having ruled the country 70 times. Liz Truss and Boris Johnson both abnegated as high ministers. Still, the unstable administration of Norway desisted from trying to regulate cryptocurrency. The United Kingdom nonetheless provides a strong argument for a public nonsupervisory frame, indeed though the results of this trouble could be more remarkable. The Financial Services and Requests Bill, unveiled in July, reaffirmed the U.K.'s goal of getting a major center for cryptocurrencies. Stablecoin restrictions were expanded, and the expression" Digital Settlement means" was created( DSA). With the passage of the measure, the Treasury will have the power to control all aspects of DSAs, including payments, service providers, and bankruptcy agreements.

To reduce pitfalls for those targeted by ransomware attacks, the profitable Crime, and Commercial Translucency Bill, tabled in May, suggested:" developing authorities to more fleetly and fluently take and reclaim crypto means." The British Web3 community rejoiced this time after a significant legal corner. Non Fungible Tokens( NFT) are now considered to be" private property," according to the High Court of Justice in London, which is the closest original to the Supreme Court of the United States. Treasury lowered its demands for carrying information from senders and receivers of cryptocurrency transferred to non-hosted holdalls unless the sale constitutes" an elevated threat of illegal finance" in a time when everyone is looking into unhosted holdalls. And at time's end, it gave an awful gift to all investors by allowing deals involving" designated crypto means" to qualify for the Investment director's immunity.

El Salvador

El Salvador deserves to be on our list, if only for its perseverance, as its biggest breakthrough happened in 2021. The Nayib Bukele administration first revealed its intention to issue "Bitcoin bonds" and has since been working to put it into action. The initial delay happened in March, and it happened again in September.

A measure stating the government's intention to generate $1 billion and use it to build a "Bitcoin City" was submitted in November by Economy Minister Maria Luisa Hayem Brevé. No fresh information on the passage of the law, nevertheless, has emerged since. However, the nation continues to serve as a key testing ground for Bitcoin acceptance. The tourist sector in El Salvador has grown by more than 30%, according to Morena Valdez, Minister of Tourism for El Salvador, since the law regulating bitcoins was passed in September 2021.

Research by the National Bureau of Economic Research (NBER) at the beginning of 2022 revealed that 20% of firms had begun accepting BTC as a form of payment.44 central bankers from poor nations attended a three-day meeting in El Salvador in May to address financial inclusion and talk about Bitcoin. Central bank representatives from Ghana, Burundi, Jordan, the Maldives, Pakistan, and Costa Rica all attended the event.

Republic of the Central African

The Central African Republic (CAR), which has a population of 5 million, became the first country on the continent to authorize the usage of cryptocurrencies in financial markets in April.

The cryptocurrency measure, which was overwhelmingly endorsed by parliamentarians, made it possible for merchants and enterprises to accept payments in cryptocurrencies and opened the door for tax payments through recognized organizations. Sango Coin, the local central bank's digital currency (CBDC), was introduced in July to raise close to $1 billion over the following 12 months.

But only $1.66 million worth of the currency has been sold thus far. A plan to allow foreign investors to purchase citizenship for $60,000 worth of Sango Coins has also been made public by the nation. However, the CAR's highest court rejected this measure as unlawful and halted it. The Central African Monetary Union will be negatively impacted by the law, according to the Bank of Central African States (BEAC), which objected to its adoption.
United Arab Emirates

The United Arab Emirates approached cryptocurrencies strategically and made steady progress in establishing a regulated framework and luring foreign investors. Maybe, for this reason, the nation is included in the Cointelegraph listicle for the second time in a row.

Dubai created a legal framework for cryptocurrencies in March with the goals of safeguarding investors and "creating much-needed international standards" for industry governance. Except for the Dubai International Financial Centre, the newly established Dubai Virtual Asset Regulatory Authority (VARA) was given enforcement authority in the Emirate's special development and free zones.

FTX, a now-defunct cryptocurrency exchange, was one of the first to acquire the same license. Abu Dhabi, a different emirate, developed certain proposed guidelines for NFT trading. They designated NFTs as intellectual property as opposed to "defined investments or financial instruments" and authorized the operation of NFT markets through multilateral trading facilities (MTFs) and Virtual Asset Custodians (VACs). Dubai unveiled its Dubai Metaverse Strategy in July intending to make the Emirate one of the top 10 metaverse economies on the planet. It involves working together on research and development (R&D) initiatives to increase the metaverse's economic contributions, using accelerators and incubators to draw foreign businesses and projects, and supporting metaverse education for programmers, content creators, and consumers.

Even the nation launched its first Metaverse metropolis. It is known as Sharjahverse and is a "photorealistic, physics-accurate" metaverse that covers the whole 1,000 square mile surface of the emirate. The virtual city will assist the regional tourism sector and may even lead to the creation of new metaverse employment. Overall, in terms of favorable regulation, 2022 wasn't too horrible. The competition to create the first complete crypto framework in the US and the possibility of deregulation in Hong Kong and South Korea will make the following year even more intriguing.

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The Fundamentals of Bitcoin - A new 360° view bitcoin book

• Paperback & ebook format
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• Available on Amazon & Google Play https://amzn.eu/d/dKowauB https://play.google.com/store/books/details?id=fr2kEAAAQBAJ

Description

What is Bitcoin? An apparently simple question that hides a great deal of complexity.

Coming to understand Bitcoin in all its magnitude is difficult. Bitcoin is a constantly evolving system that requires knowledge in multiple disciplines. Game theory, philosophy, cryptography, networks and distributed systems, and economic and monetary theory, among others.

And while other books on Bitcoin focus on some of the areas of knowledge, creating a narrow view of the concept of Bitcoin, The Fundamentals of Bitcoin aims to give a 360-degree view through a journey divided into four chapters

The first chapter delves into the philosophical underpinnings and motivations for the creation of Bitcoin. A long road that begins in the late 80s with significant advances in modern cryptography, followed by a series of attempts to create private digital money by a group of cryptographers and programmers known as the cypherpunks, and with the 2008 financial crisis as a catalyst.

The second chapter recounts the events surrounding the publication of the Bitcoin white paper and the network’s launch, the influences that inspired its creation, and its evolution during the first years of existence and until the disappearance of its creator, Satoshi Nakamoto. Finally, the chapter describes the steps for getting started with Bitcoin. From acquisition to receipt, transfer, or tracking bitcoin.

The third chapter focuses on the economic and financial fundamentals behind Nakamoto’s invention. It starts by exploring the origin of money, its functions, and the properties necessary for an asset or good to fulfill its mission as money. The chapter also analyzes Bitcoin’s monetary policy and its economic cycles.

The fourth and final chapter of the book examines the technical foundations through the study of Bitcoin’s four main components: the peer-to-peer network and its nodes, the blockchain and its transactions, the decentralized system for blocks and transactions verification, and the mining or Proof-of-Work consensus mechanism. The chapter also provides a brief introduction to the Lightning Network, a second-layer solution built on top of Bitcoin.

Students in my classes frequently ask me how long it takes me to prepare the sessions where I explain Bitcoin. They refer to the preparation of the material. My response usually surprises them: more than five years and fifteen thousand hours of reading, studying, and building. My classes and this book are intended to help others shorten the learning curve and avoid the misinformation that frequently surrounds this wonderful invention.

Let me guide you on an incredible journey of learning what Bitcoin is and how it works, the decentralized digital money of the future, and one of the most important inventions of the 21st century.

A simple guide to assessing alleged threats to Bitcoin

I'm reading it more and more (including on this subreddit): An exchange goes down crashing, a developer loses all his bitcoin, or a mining company files for bankruptcy. The same questions always come up: Is Bitcoin dead? How does that affect the price now? Has the idea of Bitcoin failed? Is the network collapsing?

So far, the answer has always been no.

So before you see Bitcoin as a whole as failed or seriously endangered the next time a "bad" news makes the rounds, ask yourself the following questions:

• Has something fundamental about the Bitcoin code taken a turn for the worse? Has the code been seriously negatively changed by this event?
• In response to this event, did all the miners shut down their devices?
• Has everyone who runs one or more nodes stopped doing so?
• Were your private keys compromised or made public as a result of this event?
• Have your self-custody bitcoin (or your access to them) been stolen solely due to the aftermath of this event?
• Has the bitcoin network stopped finding a valid block every 10 minutes on average?

If your answer to these questions is "no" (and it will be; anything else you and everyone else would have realized by now), then you can rest easy. Your funds are safe, and so is the network. Yes, the price may have been negatively impacted by this event, but that in no way means Bitcoin is "dead" or "failed."

Stay humble, stack sats.

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BK8 Crypto Lucky Draw

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Bitcoin Core Developer Luke Dashjr Reports Hack of Hot Wallet, Loses 200+ BTC

In a shocking turn of events, Bitcoin core developer Luke Dashjr has reported that one of his hot wallets was hacked and more than 200 BTC were stolen. Dashjr shared the news on Twitter, stating that the coins were sent to the following address: https://blockchair.com/bitcoin/address/1YAR6opJCfDjBNdn5bV8b5Mcu84tv92fa

According to the block explorer, more than 216 BTC were stolen in the hack. It is not yet clear how the hack occurred or whether the stolen funds can be recovered.

This serves as a reminder that even experienced crypto users are not immune to hacking attacks, and it is important to take proper precautions to secure your assets. If you hold significant amounts of cryptocurrency, it is generally recommended to store it in a cold wallet for added security.

You can read Dashjr's full statement on the hack here: https://twitter.com/LukeDashjr/status/1609613748364509184?s=20

Stay safe, everyone!