Friday, July 16, 2021

What's the Difference Between Shiba Inu Token And Dogecoin?

Hey guys! I just wondered what is the differences between SHIB and DOGE so here are some crucial points. Hope it will be useful for some of you. I cut the text a bit and added "read more" just to understand what's more interesting to have a chance to write even more useful content next time. So let's start from DOGE first.

What’s Dogecoin, and How does it Work?

The cryptocurrency, which originated as a joke, has surpassed all others in terms of hype over the past year. Ironically, it seems to be quite sensitive to jokes, as evidenced by Ilon Musk’s humorous comments. The Dogecoin cryptocurrency was created in December 2013 by Billy Marcus, a programmer, and former IBM engineer. At the time, Bitcoin was getting a very bad reputation for involvement in black market transactions on the darknet, and Marcus wanted to create an alternative that had nothing to do with such dubious problems. The cryptocurrency’s name came from a meme and the image of a dog is used in the images it is illustrated with.

Dogecoin is based on Litecoin, and its... read more!

What’s Shiba Inu Token, and How does it Work?

SHIB is the name of a cryptocurrency token called Shiba Inu. It is a token whose logo depicts the face of the same Shiba Inu dog that uses Dogecoin and, as its developers claim, aims to “replicate Dogecoin’s success in turning a joke into a joke. machine for making money”.
Shiba Inu (SHIB), nicknamed the DOGECOIN KILLER, has been released in line with the ERC-20 standard of the Ethereum (ETH) blockchain. SHIB allows users to have billions or even trillions of tokens.

While very little is known about Shiba-Inu, its white paper (dubbed “woofpaper” by its team) explains that it consists of 3 tokens (two are already in... read more!

https://preview.redd.it/tjc6dru0llb71.jpg?width=680&format=pjpg&auto=webp&s=dc4d73bd0fcb077a2b444b6bb8a554f4308648a7

So, What’s the Difference?

Despite this, events show us that SHIB is trying very hard to stand out and show that it can have real use and be profitable without relying solely on memes. So, as far as advanced, the value of Dogecoin has grown incredibly in the past year, especially thanks to the support of celebrities like Ilon Musk and the acceptance of it by the community, which has made it one of the most popular tokens, which is now ranked nth.

Ranked 4th by CoinMarketCap we can say that the two projects... read more!

Where to Buy Shiba Inu & Dogecoin?

The process of buying Dogecoin is quite simple. Especially considering that Guarda has already taken care of everything. There is no longer a need to go through a huge amount of documentation, and... read more!


$INCC Executes Definitive Agreement to Acquire SoundTech AI, Inc.

News Link: https://www.accesswire.com/655754/incc-executes-definitive-agreement-to-acquire-soundtech-ai-inc

SARASOTA, FL / ACCESSWIRE / July 15, 2021 / International Consolidated Companies, Inc. (OTCPink:INCC), executed a letter of intent on July 2, 2021 to acquire SoundTech AI, Inc.; and subsequently entered into a definitive agreement to acquire SoundTech AI, Inc., today with a closing on or before July 30, 2021. Under the terms of the agreement, INCC will acquire all of the outstanding SoundTech AI shares for preferred X stock valued at $150 million.

SoundTech AI (STAI) has developed an unprecedented Next Generation 360 Immersive Audio Experiencedelivered through its proprietary software that bridges quantum computing and artificial intelligence to transform sound and music forever.

"Imagine floating through an ocean of sound space, hearing, feeling and experiencing music on a level never previously achieved," said STAI creator, developer and founder," Andrew Denis. "We've cracked the code on a brand-new music and sound experience as if the listener is hearing their favorite song for the very first time."

STAI's flagship product, Holographic Sound Field (HSF™), is a landmark achievement for all fields of entertainment providing the patented enhanced audio and 3D sound for recorded music, films, live concert performance and gaming.

"The current technologies in the marketplace have removed the element of the magic-of-music. The listener can no longer hear a song how the artists intended and this robs them of the experience of feeling the music, said Mark Young, Chief Communication Officer." "Rediscover listening. Now it's here."

This unprecedented immersive audio experience can be felt on any music device, including headphones, home and car speakers, and any other personal or professional sound system. The listener will be fully immersed in dimensional audio that does not require purchasing additional or special hardware.

The patented HSF™ technology has a universal zero-install download and immediate streaming delivery to ANY device including:

  • Headphones, earbuds or Inner Ear Monitor
  • Speakers (Smart speakers, Stereo Speakers, wireless or wired)
  • Gaming (Xbox, Playstation and IOS/Android)
  • Home or Movie Theater (THX, Dolby & digital theater formats)
  • Streaming/Broadcast Services (Audio Streamers, Video Streamers)
  • Concerts, Live Events and Performances

Mark Romeo, Chief Marketing Officer commented, "High Quality Digital Audio has arrived, and it's called HSF™. We look forward to introducing the future of sound and music to the world through our proprietary products and services, as STAI becomes the new standard in audio, VR and A.I. experiences".

STAI's extensive intellectual property portfolio includes exclusive licenses on one issued patent, six pending, and 26 trademarks. The company will launch its revolutionary HSF™ software Q1 2022.

Antonio Uccello, Chairman INCC remarked, 'As tech-entrepreneurs, our team was so impressed by the SoundTech AI's Disruptive Audio Technology and the company's accomplished tech, marketing, and creative management team, we immediately jumped in to this culturally transformational venture! Our management and board were blown away by what we heard. Ground-breaking tech and the ability to hear on any device just like the master recording is a win! We look forward to working with SoundTech AI to efficiently deploy investment capital to become the recognized market leader in the rapidly growing enhanced audio market."

The company's blue-chip management team includes; Co-Founder, CTO, and Chief Scientist, Andrew Denis. Andy was involved in the conception and formation of the MIT Media Lab, NEXT Computer (acquired by Apple), the initial programming and creation of Bitcoin and many other ground-breaking technologies.

CEO, Chief Innovation Officer and Co-Founder Eric Koenig is a seasoned IP developer and tech entrepreneur. Eric has filed over 50 patents in a variety of industries including mobile, AdTech/MarTech, AR/VR, AI, Voice Search, Social Media, Gaming & Blockchain. In the last 24 months, Eric has transacted, via license or sale, 11 of his patents to 7 separate companies (2 public, 5 start-up).

Denise DePaola will serve as Chief Financial Officer. Denise is a seasoned financial executive and Certified Public Accountant whose firm, Fund Administration, Inc. has traded on the ASX for more than four years. The company was sold it to Mainstream (Symbol MAI on the ASA), the largest hedge fund administrator in Australia in a multi-million-dollar cash and stock transaction.

Mark Romeo will serve as Chief Marketing Officer. Mark is a marketing and media executive with 20-plus years of experience launching new products and services across multiple industries. Mark was the founding CMO of Fresh Direct (2020 Sales $1.1B; sold to the world's largest grocer Royal Ahold in 2021) He was the creator and co-founder of The Brand Experience Lab, a technology product development incubator that developed and sold Guitar Hero to Viacom for over $350 million and sold Jestertek to Sony PlayStation for an undisclosed fee.

Rounding out the senior management team are four entertainment industry heavyweights to drive revenue throughout enterprise and consumer market segments.

Anthony Gallo will serve as the company's Chief Legal Officer. Anthony is a leading music and entertainment attorney who has represented some of the top-selling musicians, producers, executives and industry entities of the past two decades. Clients have included, Ric Wake, Amber Ferrari, Connie Stevens, Richie Cannata, Eren Cannata, Gina Styles (Vixen), Jon Bellion, John Gatto, (Good Rats), Joe Franco (Good Rats), Los Hombres, Red Cat, Lords of 52nd Street (Billy Joel), and Cove City Sound Studios, Inc.

Mark Young will serve as Chief Communications Officer. In music and entertainment, Mark is considered a marketing and branding maverick for music artists, celebrities and icons in the fields of entertainment, music, sports, and fashion. He's represented and collaborated with some of the most celebrated and legendary talent in the world, including Diana Ross, Whitney Houston, Jennifer Lopez, Earth, Wind & Fire, Naomi Campbell, Ciara, Babyface, Kenny G, and Seattle Seahawks' QB Russell Wilson. Young leads Media Relations at Arista and J Records and was instrumental in launching the careers of Alicia Keys, Maroon 5 and Rhianna.

Genesis Jones will serve as Creative Business Development Officer. Genesis is an entertainment thought-leader and creative innovator as a recording artist, songwriter, music producer, and executive producer of films, television, and global live events. She is co-founder of the annual Atabey St Barth's featuring music, fashion, art and benefiting ocean conservation in the Caribbean. She is responsible for driving revenue growth across multiple industry segments and leads the company's global philanthropic endeavors. Jones also serves as Global Ambassador for The United Nations Women for Peace Association.

Eren Cannata will serve as Vice President of A&R. Eren is an Emmy award-winning songwriter, producer, musician, and co-owner of Cove City Sound Studios in Glen Cove, New York. Cannata has collaborated with top music artists and producers; Demi Lovato, Justin Tranter, Fifth Harmony, CID, Alma, Nina Sky, Timbaland, Shea Diamond, and Ron Pope. With a degree in music production and business he helped to create the current songwriting curriculum at the Clive Davis Institute of Recorded Music and evolving it every year through teaching and mentorship. He's worked with the Boys and Girls Club of America on a premier program called, S.O.N.G. (Sounds of a New Generation), teaching the art of writing and creating a hit song to inner-city kids.


Coinchange Team attended the Bitcoin Conference in Miami this year. It was the largest Bitcoin event in the world and the first major in-person crypto conference since the pandemic started. Follow our social networks to find out more about where our Team is.

https://i.redd.it/6k34ml6dlkb71.jpg

My unemotional, detached investment strategy

My strategy is based on a few hard learnt principles:

  1. Given the right market conditions, the value of all cryptocurrencies trends towards zero.
  2. The biggest obstacle towards success is yourself, your emotions and over-trading, they sabotage you.
  3. All information except price is just noise.

Just to caveat that I don't claim these to be universal or absolute truths. They are just my beliefs and how I base my investment strategy. Also, this is an investment strategy only and does not cover things like research.

Here is my strategy:

Never buy on green days. If the price is in the green DO NOT BUY.

This is called FOMO. Seeing the market pump and that awful feeling that you are missing out on parabolic price action. Buying in the green is what certain market participants would call "dumb money" or providing exit-liquidity to whales or those whose cost-basis is much much lower than yours. Of course, it's not that simple, but regardless I'm just not interested in buying on green days, even if it may continue to pump - not buying.

Use price alerts. DO NOT LOOK AT CHARTS.

Install an app that provides price alerts that you can configure. Do not look at price charts. There is a common meme of being "bogged"; seeing the price drop as soon as you buy, or seeing the price pump as soon as you sell. You cannot detach yourself emotionally if you are watching the minute or hourly price movements. Bitcoin often loses hundreds of dollars in a second and then recovers by several thousands by end of the day,

Only buy on double-digit red days (-10% 24hrs).

I don't follow the "buy the dip" meme. I only start buying once the market crashes or corrects by 10% or more. I use alerts to be notified to this.

Do not use stop losses.

I've been using unregulated exchanges for long enough to have lost all faith and trust in stop losses. Let's just leave it at that.

Sell in tapered increments

Keep 50% of your portfolio in cold storage and 50% on an exchange. Set your sell orders at tapered increments.

Something like this, or whatever suits you:

  • Sell 10% of coin A at 10% profit
  • Sell 25% of coin A at 20% profit
  • Sell 30% of coin A at 40% profit
  • Sell 25% of coin A at 60% profit
  • Sell 10% of coin A at 80% profit

I keep 50% in cold storage on the basis that it is a long term hold. I forget about these. That's why I only invest in legit projects, because once you buy a token or coin, it's a long term relationship. Even if you sell 100% of your holdings, you may still live for years in regret at missed opportunities.

Buy in tapered increments

As mentioned earlier, I use price alerts. Once I'm alerted of a 10% drop, I will start buying. I usually place half my buy order manually, and the other half on tapered increments of 3-5% drops. The reason for this is that I want to use at least half of my available cash to buy immediately on a 10% drop and the other half distributed in case we are truly in a black swan event and not just a "correction".

Re-asses your portfolio & buy/sell orders once a month only

Now you have your sell and buy orders set up and your price alerts, and you've stopped looking at charts. You have no reason to look at your portfolio unless you're alerted, so do not do that. You can just take one day a month to rebalance your portfolio and adjust your orders based on the current market conditions.

Try to keep at least 30% of your portfolio in cash.

Cash, or stable coins are your leverage in this market. In some ways, your cash is just as important if not more so than your crypto. Being liquid in this market is very important to take advantage of opportunities. Again, do not over-trade, resist the desire to "buy the dip". Hold your cash for REAL opportunities. I recommend instead of DCA'ing every month or pay-day into crypto, DCA into cash/stables instead. So you are ready-to-buy crypto on double-digit red days. Build your investment cash stack. Some exchanges apps also offer decent APYs on stables, so there is a double sided benefit there to stacking and waiting, waiting for blood on the streets.

Do not trade based on anything you read on social media.

When it comes to money, everyone, EVERYONE has an agenda. Whether a bull, a bear, a maximalist or a skeptical no-coiner, do not listen to any of them. I used to follow a range of channels to try and a get a broad and balanced view or crypto but then soon realized that it's impossible. I don't want to get into too much detail but frankly nowadays I am only interested in price. I participate in Reddit only to quell my moon fomo and to try and have some legit discussions or help newbies.

​

Now there are some obvious things like don't invest more than you can afford, never sell at a loss and don't use leverage etc, but frankly I don't look at these things because ultimately people will just do what they want. The whole point of my strategy is to detach myself as much as possible.

Finally, I'm not really a crypto expert. Although I have been buying Bitcoin since 2014. I've attached a screenshot to support my credentials for my first crypto p2p purchase from my bank. It was for 1 Bitcoin for about 300 pounds. So this strategy is based on many years of experience. I'm not a Johnny come lately giving out advice - who knows, maybe ukbitworks is lurking on reddit :)

https://preview.redd.it/0xx1mhyngjb71.jpg?width=3023&format=pjpg&auto=webp&s=95d9deb67d116e3c8cb4d72dc53905fb6735435f


Cardano Rumor Rundown July 16, 2021

Hey Everyone!

Let's go...

Newly covered today:

  1. The European Central Bank drops news of “a project to prepare for possibly issuing a digital euro.” A digital Euro is coming and regulation of private fiat-pegged stablecoins is coming with it. https://twitter.com/ecb/status/1415273625385644036
  2. IOHK releases a paper on a crypto-backed algorithmic stablecoin. https://twitter.com/IOHK_Charles/status/1415531260470972423
  3. A crypto media personality recently uncovered links between the Priviledge EU Project, Horizon Europe Grant Agreement 780477, and Cardano. https://twitter.com/BreakingADA/status/1415653936703295488

Previously Covered but still interesting:

  1. Charles is helping to bring the cryptographer who broke SHA-1 to the University of Wyoming. The Cardano funded blockchain lab there could be on the road to be a powerhouse. https://twitter.com/CaitlinLong_/status/1398290866419105802 https://en.wikipedia.org/wiki/Yiqun_Lisa_Yin
  2. We don’t often get to hear from the engineers behind Yoroi over at Emurgo. But, here’s a podcast with Vicente Almonacid from Emurgo. Check out 12:50 where he mentions the dApp Connector (Cardano’s Metamask Equivalent). https://twitter.com/vacuumlabs/status/1397847633696280576
  3. Check out this great article from Cardanians.io on the work being done at the University of Wyoming on a physical chip for transfer of private keys in day-to-day cashlike transactions. https://cardanians.io/en/cardano-can-give-crypto-a-cash-like-experience-58
  4. Professor Aggelos Kiayias recently dropped a video explaining exactly how Mithril (apparently neckbeard dungeon master talk for elf armor) is going to allow for Perfect Cardano (ADA) wallets that combine the ease of use and convenience of light wallets with the trustlessness of full node wallets. We also learned exactly how Mithril is going to work. https://youtu.be/LhepJFCyWRk
  5. In proof-of-work, bootstrapping can be done with blockheaders. This won’t do in proof-of-stake since we need information about stakeholder distribution to confirm block validity.
  6. Mithril fixes this by being a cryptographic construction that enables a population of stakeholders to issue a signature consistent with certain constraints.
  7. For Mithril to work in proof-of-stake, it needs three crucial properties: 1) it needs to enforce a threshold ratio of stakeholders before the signature is issued; 2) the pre-signature fragments must be independently verified and subject to public aggregation; and 3) it must be efficient in the sense that the final signature is of constant size and is logarithmically dependent on the # of stakeholders.
  8. Stakeholders will issue special Mithril keys along with the normal cryptographic key material. Then at regular intervals, full nodes will test whether they can produce a pre-signature fragment. Only a random subset of stakeholders will be eligible to produce a pre-signature fragment. When a sufficient # of pre-signature fragments have been issued by eligible stakeholders then it will be possible to aggregate the fragments into a final signature.
  9. This will be a checkpoint that will be verifiable with respect to previous check points all the way back to the genesis block. Such checkpoints will be cryptographic commitments of the relevant UTXOs.
  10. Since the checkpoints will be trustless, a light client (i.e. wallet) will only need to verify the sequence of checkpoints up to the current time to trustlessly bootstrap.
  11. The ecosystem is growing so fast, it’s hard to keep up with all the projects without these infographics at this point. https://twitter.com/Dr_shwetaPHD/status/1398783893638103040
  12. Epoch 268 is a wrap as of with 22.83 billion ADA staked. https://adapools.org/epochs
  13. Check out the telegram AMA tomorrow with the CEO of World Mobile! https://twitter.com/ZwijBerg/status/1399377659105320962
  14. A very interesting stat on Cardano user growth. https://twitter.com/cex_io/status/1398959088684445699
  15. More and more people in the youtube sphere are jumping on the Cardano train. https://twitter.com/techleadhd/status/1399398373384351744
  16. Reuters reports on an EU digital identity wallet project. https://www.reuters.com/business/finance/eu-step-up-digital-push-with-digital-identity-wallet-2021-06-01/?taid=60b6e171efd84f0001b64ae1&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter
  17. The U.S. Currently has Issued Sanctions on Ethiopia, but they are not all-encompassing economic sanctions as with rogue nations, they have just barred entry into the U.S. for certain government personnel. https://www.nytimes.com/2021/05/24/world/africa/ethiopia-us-sanctions-tigray.html
  18. Vitalik is saying it’s highly unlikely we see ETH 2.0 before late 2022. I’m guessing that means mid 2023 which will be after two years of Cardano slaughtering the entire ETH user base. Things are looking so bad that Vitalik says he doesn’t even like using the ETH 2.0 label anymore since he knows the changes will be more incremental. This is what early capitulation sounds like guys. https://cointelegraph.com/news/even-vitalik-buterin-is-surprised-at-just-how-long-eth2-is-taking
  19. Cardano-Nervos cross-chain bridge to be built. This would be at least the second cross-chain bridge after the Cardano-AGI bridge. https://www.coindesk.com/cardano-nervos-force-bridge-network-first
  20. And….still! Kings of the github! https://twitter.com/CryptoDiffer/status/1400744567956180993
  21. Binance has 63 stakepools charging 6%. Please stop paying so much for the right to stake your ADA. You don’t have to pay that much. You have a huge number of better options. You are literally giving away your ADA rewards to a large corporation. It’s easy: just download the Yoroi Chrome extension, send your ADA there, and pick from the 2k+ available stakepools right inside Yoroi. https://twitter.com/BraveHeartStak3/status/1401204563189940231 https://adapools.org/groups/binance-20 https://play.google.com/store/apps/details?id=com.emurgo&hl=en_US&gl=US
  22. Charles basically just laid out what 4th Gen Cryptos are going to be all about in his video yesterday. https://www.youtube.com/watch?v=nkr1EKQrVeQ
  23. Here’s a good Emurgo blog article on the use of Emurgo Trace in the Oil and gas industry. https://twitter.com/emurgo_io/status/1402339278097502210
  24. IOHK gives us a closer look at everything being upgraded for Alonzo. https://iohk.io/en/blog/posts/2021/06/08/a-close-look-at-the-software-running-cardano/
  25. We’re currently at 71.52% of ADA staked. This is a pretty incredible ratio and shows the strength of the Cardano community. https://twitter.com/CardanoPoolPeek/status/1402378400803794950
  26. El Salvador passes the statute to make Bitcoin legal tender in the country. https://twitter.com/nayibbukele/status/1402827595339681794
  27. Cardano gets more positive coverage on the Nasdaq website with a second article following the one from April 7 earlier this year. https://www.nasdaq.com/articles/be-part-of-a-historic-crypto-moment-with-cardano-2021-06-08
  28. Prof. Aggelos Kiayias releases an article on a tri-coin system called Stablefees that could fix the problem of appreciating transaction fees in crypto. https://iohk.io/en/blog/posts/2021/06/10/stablefees-and-the-decentralized-reserve-system/
  29. The mid-month Alonzo development update from IOHK is out. Alonzo blue is in full swing and they are working on “hello world round trips” going from the node to the ledger and back. Plutus Partners (third party functional dev firms) are working on different use cases ahead of the Alonzo launch. https://twitter.com/InputOutputHK/status/1403314932968574981
  30. Miniswap gives us the dev perspective on why Cardano’s Plutus is such an improvement over Ethereum’s Solidity. https://twitter.com/MinswapDEX/status/1403411522110427137
  31. Here’s a great ETH vs. Cardano DeFi project comparison infographic. https://twitter.com/Coin98Analytics/status/1403397242707320835
  32. The Marlowe Webinar with Shruti is now available on youtube. Very interesting discussion of DeFi in general and also specific topics like “deep interoperability” in DeFi. Cardano is obviously already doing the very involved thinking about the future of DeFi. https://youtu.be/vzsUSG5CSj0
  33. John O’Connor recently tweeted about a day where he “wrote a letter to a president” and “found a million users to bring into Cardano”. Sounds like the Cardano train is rolling along as smoothly as ever in Africa. https://twitter.com/jjtoconnor/status/1402565547716399104
  34. Zach Guzman and Mike Novogratz get an opportunity to prove once again how extremely threatened they are by the fact that they can’t frontrun Cardano at this point. https://twitter.com/IOHK_Charles/status/1404100510525841408
  35. John O’Connor appeared on the Disrupt Network Podcast. bit.ly/3znqyB7
  36. President of Tanzania calls on the central bank to prepare for the adoption of cryptocurrencies and blockchain technology. I wonder what crypto ecosystem already has experience working with an African government on a big crypto project and has partnered with a mobile company that is already bringing connectivity to rural Tanzania? https://twitter.com/DocumentingBTC/status/1404126444863766533
  37. Hedgefund Billionaire Paul Tudor Jones tells the world to buy crypto and certain other assets if the Fed doesn’t address inflation in their policy meeting that concludes on Wednesday. JP Morgan’s Jamie Dimon concurs that the current inflation is very likely not transitory. This could be tremendously good timing for Cardano given our top five status and the impending mainnet launch of smart contracts. https://www.cnbc.com/2021/06/14/paul-tudor-jones-says-bet-heavily-on-every-inflation-trade-if-fed-keeps-ignoring-higher-prices.html https://www.cnbc.com/2021/06/14/jamie-dimon-jpmorgan-is-hoarding-cash-because-very-good-chance-inflation-here-to-stay.html
  38. With exploits like this one being all too common in the legacy smart contract networks, we’re not even going to have sell the Cardano use case for DeFi. The competitor networks have already made the case that something better must be on the way. https://twitter.com/zapper_fi/status/1404429179794362369
  39. World Mobile CEO tweets out a tantalizing response to the Tanzanian President’s call for her nation’s central bank to prepare for crypto. https://twitter.com/MrTelecoms/status/1404375153191141377
  40. If you are new to Cardano and you would like to get a handle on the terminology involved in the ecosystem, you may want to check out these Cardano flashcards produced by Coconut Pool. https://twitter.com/coconut_pool/status/1403442954434269185
  41. While renewable energy is certainly a wonderful thing, there may be a problem with your technology when your path to compete on clean energy consumption involves you talking about harnessing the power of a whole series of volcanoes. Maybe just use fewer volcano’s and more proof-of-stake? https://twitter.com/_eLaPs_/status/1404125569093029889 https://twitter.com/gladstein/status/1402718041557725184
  42. The Charles/Lex Fridman podcast has dropped. This is a big deal. This is a fairly mainstream podcast with over 1 million subscribers. https://youtu.be/FKh8hjJNhWc
  43. Politicians in the legislative branches of Panama and Paraguay have now announced intentions to introduce crypto-related bills into their respective legislative assemblies. https://twitter.com/gabrielsilva8_7/status/1401965129051389958
  44. New algorithmic stablecoin paper coming in the next few weeks from IOHK. https://twitter.com/IOHK_Charles/status/1405737563030183936
  45. The bank of England is getting very serious about how it “may wish to limit migration” of money from the legacy system to stablecoins. Wow. Just another example of why it’s such an asset (no pun intended) that Cardano is prepared for regulation. https://twitter.com/CaitlinLong_/status/1405712468823842816
  46. Check out the newly “pimped up” Cardano documentation. https://twitter.com/theSavaSavic/status/1405526615585480730 https://docs.cardano.org/
  47. The Cardano Development Update for this week is out. https://roadmap.cardano.org/en/status-updates/update/2021-06-18/
  48. Runtime Verification (architects of K Framework which powers Cardano’s IELE & KEVM) just raised $5.3MM in a round that included Cardano’s C Fund. https://runtimeverification.com/blog/runtime-verification-raises-5-3-million-to-advance-blockchain-security https://twitter.com/RosuGrigore/status/1405917218035097600
  49. It’s a good sign that the top two crypto communities are spending so much time talking negatively about Cardano. You only focus your hatred on that which is most threatening. I’m glad to see we’re the biggest threat on their radar. https://twitter.com/nic__carter/status/1405194146063736840
  50. Bloomberg just published a piece called “America Should Become a Nation of Renters”. While this statement is probably extremely polarizing for Americans, it can also be argued that the death of homes as the primary investment vehicle of Americans may open up a new wave of adoption in crypto as an alternative. https://twitter.com/bopinion/status/1405609396302979074
  51. We are crushing all the competitors in terms of assets staked! https://twitter.com/CryptoDiffer/status/1405854686209622018
  52. All 345,501 of the people who have watched the Lex Fridman/Charles episode as of writing are realizing that Cardano could be the first project to put voting on the blockchain in a U.S. state. https://www.atalaprism.io/app
  53. Days like today in Cardano and the greater crypto space always reminds me that there have been other great adoption stories that went through periods like this.https://twitter.com/elonmusk/status/1407077949774442499
  54. It looks like the second biggest ETH stakepool or it's custody provider has lost it’s users private keys to $75MM in ETH. Cardano doesn’t have this problem. We get to keep custody of our crypto because we found a better way than slashing. https://stakehound.com/blog-post/fireblocks-eth-2-key-management-incident/ https://twitter.com/JamesSpediacci/status/1407465311180255236
  55. Draft table of contents for Mastering Cardano has been revealed. https://twitter.com/IOHK_Charles/status/1407165366355124225
  56. COTI (a project with very close ties to Cardano) is coming to Ledger. https://medium.com/cotinetwork/coti-native-is-coming-to-ledger-c56b04df1253
  57. The June Cardano 360 is currently available on Youtube. https://youtu.be/al5m14299ww
  58. We saw segments on various newer partner entities like Nervos, Orion Protocol, and Revuto. Nervos is a UTXO proof-of-work blockchain which is building a cross-chain bridge with Cardano so that you can use your ADA on Nervos dApps and vice versa. Interoperability is a big theme for Nervos and they plan to have a working testnet within a month. Orion Protocol is building a terminal that will allow for decentralized non-custodial trading across centralized and decentralized exchanges. They say this would not require you to KYC or even have an account with any of these exchanges. Revuto is an online subscription management service that recently completed a $10MM token sale on Cardano.
  59. It was also revealed that Wolfram Labs, COTI, and IOHK have a three-way partnership (a ménage à tech) to build an NFT auction site. The people from Wolfram were talking about very interesting things including live minting during streaming events and automated upload to IPFS. COTI will be building out auction and bidding mechanisms in ADAPay.
  60. Professor Aggelos Kiayias gave us an update on research including that Ouroboros Chronos and Hydra papers have both been accepted into conferences/journals. Chronos will provide Cardano with a global concept of time that doesn’t rely on any outside timekeeper. Prof. Kiayias also pointed out that Hydra is distinguishable from other layer two protocols in that the scripting language is identical to that of the base layer in Cardano such that any dApp that can run on Cardano will run on the Hydra L2. This is a huge plus and superior to many other layer two solutions in other ecosystems where the base layer dApps will not run on layer two. Finally, the Mithril paper has been submitted for peer review. It will provide Cardano light wallets with Succinct Non-interactive Arguments of Knowledge that will give us the best of both worlds: no delays for syncing as in full node wallets while still preserving trustlessness.
  61. Finally, the Goguen Summit will be in late September. Sign up now at summit.cardano.org.
  62. The Fed is once again STRONGLY signalling to us that they are going to regulate stablecoins. The Fed is also specifically calling out Tether for the first time. You need to be thinking about how stablecoin regulation might affect your favorite Cardano DeFi or other project. https://twitter.com/CaitlinLong_/status/1408500265397985282 https://twitter.com/CaitlinLong_/status/1408572624125534212
  63. People are starting to realize that the Stakehound private key loss in ETH may attract unwanted regulatory attention to Ethereum 2.0 while this problem could never have occurred in Cardano. Also, only a few days later another ETH stakepool (this time SharedStake...the sixth biggest ETH Stakepool) allegedly experiences a rugpull that some are valuing at over $30MM. This is another problem that could not happen in Cardano staking. It feels like we stepped into the ring, they rang the bell, and ETH just started punching itself in the head. Eventually it’s going to KO itself. https://twitter.com/Madror7/status/1408505144984051716 https://twitter.com/JamesSpediacci/status/1407761823143645189 https://twitter.com/MeiTrades/status/1408117430656905219 https://sharedstake.medium.com/the-sharedstake-story-by-kairos-44d37aa7837a
  64. Here’s another great Cardano data site. This one is from the Cardano Fans stakepool. https://datastudio.google.com/u/0/reporting/3136c55b-635e-4f46-8e4b-b8ab54f2d460/page/r2LQC
  65. John O’Connor of IOHK points out that France still controls the monetary policy of 14 countries in Africa. There is definitely a built in market on the continent for a project that delivers monetary sovereignty to the people. https://twitter.com/jjtoconnor/status/1408978882129272832
  66. Here’s a great new interview with the CEO of World Mobile from Cardano Chats. https://youtu.be/w0Z2RP6a9HE
  67. New article from the Cardano Foundation on Governance. https://forum.cardano.org/t/blockchain-governance-what-it-is-and-why-it-matters/65493
  68. Sebastien explains some Alonzo HFC event changes. https://twitter.com/SebastienGllmt/status/1409485560012414978
  69. IOG Research update from Prof. Aggelos Kiayias. Really interesting bit right at the beginning on the history of cryptography as a field of study. https://www.youtube.com/watch?v=7UAL_6f7PFw
  70. Sebastien of dcSpark submits a Cardano Improvement Proposal to allow wallets to implement collateral. https://twitter.com/SebastienGllmt/status/1409910858117877763
  71. New Plutus Pioneers Class starting July 1!
  72. Charles says it looks like we will hit Alonzo white on Monday. https://twitter.com/IOHK_Charles/status/1410279529021648896
  73. Coti update from Shahaf Bar-Geffen. https://twitter.com/COTInetwork/status/1410644013863124992
  74. The Mithril paper (allows for trustless light wallets) is now available for your reading pleasure. https://iohk.io/en/research/library/papers/mithrilstake-based-threshold-multisignatures/
  75. The Ouroboros Chronos paper (allows for the blockchain to be its own timekeeper) is also now available. https://iohk.io/en/research/library/papers/ouroboros-chronospermissionless-clock-synchronization-via-proof-of-stake/
  76. Cardano is now a small part of Grayscale’s Digital Large Cap Fund. They actually sold off current holdings in other coins to buy ADA. This is big for institutional adoption! https://twitter.com/Grayscale/status/1410945118228692994
  77. Catalyst Fund 4 results are here. https://adapulse.io/fund-4-results-are-here/
  78. Lars has posted the first class for the second Plutus Pioneers cohort . https://twitter.com/LarsBrunjes/status/1410677447805308935
  79. Robert Kornacki of dcSpark releases an article on why every Cardano dApp will use NFTs. The article contains some very interesting discussion on smart contracts in the EUTXO context including language instructing that “UTXOs have smart contracts attached to them and not the other way around” and “[...]the simplest way to think about it is that when a UTXO is created it has the option to have a smart contract attached to it.” https://medium.com/dcspark/every-eutxo-dapp-will-use-nfts-and-heres-why-fd87e6a8c9a6
  80. A very interesting medium article on the concurrency problem in eUTxO blockchains such as Cardano. (Article by Occam Fi....thanks to Muggy Pool for sending it my way). https://medium.com/occam-finance/the-occam-fi-technical-series-on-concurrency-cd5bee0b850c
  81. The concurrency issue in plutus smart contracts has also been recently commented on by Lars and Sebastien. https://twitter.com/LarsBrunjes/status/1390331642103877633 https://twitter.com/LarsBrunjes/status/1403761666383306757 https://twitter.com/SebastienGllmt/status/1410983827481108480
  82. The Cardano Foundation has released a video on its short and long-term strategies to get to one billion users by 2026. https://twitter.com/CardanoStiftung/status/1412137365318127626
  83. Ben O’Hanlon sets the record straight on developer interest in Cardano. https://twitter.com/benohanlon/status/1412136150404370432
  84. As always, Cardano is straight killing the competition in terms of assets staked. https://twitter.com/StakingRewards/status/1412389781003194395
  85. Once again, we are also the Github activity champions! https://twitter.com/CryptoDiffer/status/1412333951830605824
  86. Between Cohort 1 and Cohort 2 of the Plutus Pioneers program there have been 4,300 potential future Cardano developers involved. https://twitter.com/InputOutputHK/status/1412465643245424649
  87. Here’s an interesting chart purporting to show the dates on which various Cardano DeFi projects might have finished products. https://twitter.com/Cryptokev84/status/1412343821757730820/photo/2
  88. IOG says they have started onboarding new SPOs and developers to Alonzo White this week. https://twitter.com/InputOutputHK/status/1412847798274478084
  89. Charles also confirms that Alonzo White may start Friday but probably Monday due to a natural (and warranted) desire to avoid executing a rollout at the start of a weekend. https://youtu.be/yd1eg4QopV8
  90. Daedalus 4.2.0 now adds Ledger & Trezor Catalyst Registration. https://twitter.com/InputOutputHK/status/1413176419186774018
  91. Yoroi 4.5.7 extension release now adds Ledger Catalyst Registration. https://twitter.com/YoroiWallet/status/1413128256836997120
  92. Here’s the voter registration schedule for Catalyst Fund 5! Get yourself registered now even if you’re in cold storage on a hardware wallet! https://iohk.zendesk.com/hc/en-us/articles/900006490763-Project-Catalyst-FAQ
  93. Cardano Gainz Calculator now has a graph showing 10 year growth. https://twitter.com/lesquive1/status/1413249312465866757
  94. Emurgo has released a guide on how to register for Catalyst voting with your Ledger Hardware Wallet. https://github.com/Emurgo/yoroi-mobile/blob/develop/catalyst5-instruction.md
  95. Great new interview with World Mobile’s Mickey Watkins, Charles, and John O’Connor. https://youtu.be/WSSpI8Rtif0
  96. The IOHK Development Update is out! https://twitter.com/InputOutputHK/status/1413448054892494850
  97. This infographic shows just how big the Cardano DeFi space is getting. https://twitter.com/BPE_Crypto/status/1413973912396963840
  98. This infographic shows just how much DeFi volume is out there for Cardano to steal. https://twitter.com/Coin98Analytics/status/1413514041029394439/photo/1
  99. There is a new stakepool explorer available. https://www.cardanoworld.io/
  100. Very interesting timing with a) Grayscale Buying $50MM ETCG, b) Grayscale adding ADA, and c) Charles joining the ETC Cooperative board given that two of the members of the ETC Cooperative board seem to come from Grayscale and DCG. Maybe the world is starting to understand just what Charles and IOHK have been able to accomplish over the last few years. https://twitter.com/ETCCooperative/status/1410439775950082051 https://twitter.com/ETCCooperative/status/1413328106568421377 https://twitter.com/Grayscale/status/1410945118228692994
  101. There is a new Cardano wallet being introduced by u/berry_ales from the Berry Pool. I have no idea if it will be good or bad at protecting your ADA. Just reporting that it exists. https://twitter.com/berry_ales/status/1414548062207361025
  102. There is currently a lawsuit challenging the notion that staking rewards should be taxed as income. The plaintiff argues that newly created property isn’t taxed as income and that this should also apply to staking rewards. A win here would be very nice for Cardano delegators. https://cointelegraph.com/news/crypto-staking-rewards-and-their-unfair-taxation-in-the-us
  103. The Cardano Foundation’s Cardano Developer Portal is now up and running. https://twitter.com/CardanoStiftung/status/1414640913612255234
  104. Prime Minister Abiy Ahmed’s party has won re-election in a landslide election. https://www.bbc.com/news/world-africa-57791868
  105. Avanti Bank of Wyoming files comments with the Federal Reserve on their new guidelines that could massively impact how the traditional banking system interacts with cryptocurrencies like Cardano. Given what role ADA is likely to play in the future of crypto financial transactions, this is extremely relevant for ADA holders. https://avantibank.com/press/avanti-submits-comments-to-federal-reserve https://twitter.com/CaitlinLong_/status/1414783323193364482
  106. Cardano is still destroying everyone in terms of value staked! https://twitter.com/StakingRewards/status/1414895205384327168
  107. The Cardano ecosystem maps keep getting bigger and more complicated. https://poolg.de/Eco/CardanoEcosystemMap.html
  108. In news that could have significant repercussions for many stablecoin reliant Cardano DeFi projects, Fed Chair Jerome Powell gave some hard signals that they will regulate stablecoins in House Committee testimony. He revealed that the Fed will issue its long-awated paper on stablecoins, CBDCs, and other digital assets in September. Powell also went as far as to say "You wouldn't need stable coins you wouldn't need cryptocurrencies if you had a digital US currency, I think that's one of the stronger arguments in its favor." https://twitter.com/Nate_DiCamillo/status/1415349008034418691
  109. We experienced a successful fork to the Alonzo White testnet! https://twitter.com/InputOutputHK/status/1415399456841863177
  110. Very serious accusations are laid out against the Meld project. https://twitter.com/Bobme808/status/1415283648438358016

~Army of Spies


Thursday, July 15, 2021

Shanghai Man: Crypto media closes, bad news just repeats, mining laws are beneficial?

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https://preview.redd.it/qlcjjkq0zhb71.png?width=940&format=png&auto=webp&s=ecd42da26f4c911662a800d8ff1cdeeaa858b321

With government officials trying to clean up the image of China prior to the start of the Winter Games, miners are leaving in droves and media group Bishijie has been forced to close down.

It has now been two months since the crypto crackdown and subsequent enforcement began. Most new stories are now just the trickling down of earlier national policies being enforced at a provincial level. The latest example was from the Anhui provincial government, as it announced a set of measures to reduce energy consumption, with cryptocurrency mining listed among the culprits. Anhui is a small province east of Shanghai, more known for its scenic rural landscape and agriculture than its contributions to the economic development of China. It’s likely other provinces, particularly ones that rely on coal for energy, will have similar announcements over the summer as the central government pushes for a carbon-neutral future.

On July 13, Chinese mining pool giant Bit Mining announced it had raised $50 millionfor expansion outside of China. The company is listed on Nasdaq and operates BTC.com, which is currently a top 5 pool for Bitcoin, Bitcoin Cash, and Litecoin. This is another sign that Chinese mining companies aren’t giving up in light of the restrictions at home, instead choosing to relocate the data centers and mining machines abroad.

The disappearing industry left a trail of impressive photographs, including some published by Financial media Caixin. One image that grabbed the attention of social media depicted a woman who appeared to be an ethnic minority holding a bundle of mining equipment and power cables like a flower bouquet.

Going for gold?

Former Bitmain CEO Jihan Wu believes that the mining regulations will benefit the industry over the long-term, citing an improved public image and eradication of bad actors. It’s certainly a nice thought, but at the moment, China seems more intent on eliminating all actors, not just the bad ones.

With the upcoming Winter Olympics in February of 2022 looming, Beijing will have the perfect opportunity to show off clear blue skies and clean-energy industries. On top of that, China can showcase its state-of-the-art central bank digital currency, without the confusion stemming from more speculative digital assets that might appear to have similarities on the surface. Those with first hand memories of the 2008 Summer Olympics may also remember the strict regulation against technology and social unrest prior to that landmark event.

Lowest volumes in years

The impact is being felt by leading exchanges in China. Huobi’s BTC/USDT pair saw only 109K BTC transacted in the past week, the lowest weekly volume dating back to October of 2018. Global exchanges were also affected by slumping volumes, but not to the degree as these predominately Chinese exchanges. In today’s regulatory climate, there’s no doubt that exchanges proactive in decentralizing operations and risk are better poised to minimize damage from unfavorable policies.

Working together for compliance?

On July 13, the Nanjing Public Security Research Institute announced it was working with OKLink to combat money laundering. OKLink is a blockchain technology firm that has ties to OK Group, a company that used to manage leading exchange OKex. With exchange leadership under incredible scrutiny in 2021, there is no surprise in seeing attempts to placate regulators.

Abandoning ship

On July 15, cryptocurrency media company Bishijie announced it was shutting downafter violating national laws against cryptocurrency. Bishije, which translates to Coin World, had enjoyed a lot of popularity in 2018, prior to the depths of the last bear market cycle. This recent bull cycle never saw it fully recover it’s previous position however, making this only a minor loss for the current cryptocurrency space. It remains to be seen whether other media platforms based in the mainland can survive this trying period of time.


Clsk clean spark 98% but miner 13short

Price target is 47.5

Clean spark just said they are gonna have 2x increase mining from 5 to 10 coins a day 13% short options expiring tomorrow could get a good gamma squeeze

Clsk ticker

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