Alternative Crypto Exchanges Besides Binance

So in light of the SC's announcement of a Binance ban for Malaysian users, I'll list down some alternative crypto exchanges that I have used before.

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Recommended list:

1) Kucoin:

The best option to look for low market cap altcoins on top of all the most popular cryptocurrencies. Currently don't have any issues with withdrawals, and withdrawal fees are quite close to Binance's. No KYC needed for small amount transfers. The only inconvenience is that there's a main account and a trading account, the main account is for deposits and withdrawals, while you have to transfer your assets to the trading account to start trading (no fees for this action). If you hold their native token, KCS, you can receive daily crypto dividends collected from trading fees, get trading fee discounts, trade in KCS pairs and get exclusive offers. There's a referral code: rJ8Q6T4 you can use to get trading fees discounts if you sign up.

2) Crypto.com:

I use Crypto.com first before Binance. They are the leaders in providing debit card services that gives crypto cashbacks for every purchase in their native token CRO. You can buy most of the popular cryptocurrencies using their Crypto.com app. The app and the exchange are separate as the app is mobile only while the exchange is web browser only. They also have the flexible and locked earn programs to earn interest on your cryptos, but not competitively high. You can also participate in Syndicate and Supercharger events to earn different types of yield with your CRO tokens.

Unfortunately, if you reserved your card, you won't be able to get the card in Malaysia unless if you reside in Singapore. For context, mine's have been waiting since last year. Trading and withdrawal fees are higher than Binance & Kucoin, except if you are a VET investor, then they have the lowest withdrawal fee of just 0.05VET. Use my referral code: 2zphtgju37 to receive at least $10 in CRO when you stake at least 1000 CRO.

3) Celsius Network:

By far my most favourite centralized platform. No deposit fees, withdrawal fees, lockups or any other hidden fees. It's one of the most established platforms earning yields of up to 17.78% on your cryptos, and up to 11.21% on your stablecoins, and the itnerests will be rewarded every Monday and will be compounded weekly. They work like a crypto bank where they take your deposits, lend them to institutions and charge them interests, while giving back 80% of the interest revenue to the depositors, thus the rates mentioned and will vary according to institutional demand. It's also a very secure platform with 2FA, biometrics, HODL mode (disable withdrawals until you wait one day if you disable this mode to prevent hackers move your funds easily), whitelist withdrawals (change to another withdrawal address will have to wait 24 hours). There's also a concept called proof-of-community where you can audit the interests that you get from Celsius is correct. You can also check their website, at the About section, click the "Why Trust Celsius" & "Security Insight" for a better understanding on how the platform secure your funds.

It's not an exchange platform, but they are going to implement an in-app swap soon where you can swap tokens in the app for minimal or no fees. They are also releasing a credit card soon, but I doubt that we can use it in Malaysia.

Best of all, they give promo codes for new users, where you can earn $50 for transferring a minimum of $400 into your Celsius account for the first time if you use my referral code: 1587314a52. Other promo codes are stated here:

HODL10: Transfer $100 or more in any crypto to earn $10 bonus in BTC.

HODL50: Transfer $500 or more in any crypto to earn $50 bonus in BTC.

BNB40: Transfer $400 or more in BNB to earn $40 bonus.

UNI60: Transfer $400 or more in UNI to earn $40 bonus.

Remember to not transfer crypto out for 30 days to unlock your promo and referral rewards. You can still withdraw your tokens out within that period, but it will forfeit your rewards. Also remember to deposit at least 20 to 30% more of the transfer amount value mentioned to factor in the crypto price volatility. If the crypto price drops below the transfer amount, your rewards will also be forfeited. The safest bet is to deposit stablecoins.

4) Orion Protocol:

This is recommended for those who wish to trade in decentralized exchanges. They are aggregating every centralized, decentralized and swap pools into one single exchange (think Binance, Kucoin, Uniswap and other swap and exchange platforms under one Orion platform), so that you can alwyas get the best price for a particular crypto. You can choose the Binance Smart Chain wallet to save up networking fees, and they listed many popular tokens (but do note that the tokens listed such as BTC, ETH, ADA, etc are Binance-pegged, which means they can only be transferred via the BEP-20 network). No KYC required and you get to own your keys, own your crypto using your Metamask wallet or your hardware wallet. If you hold ORN, you can stake your ORN to get interests of around 12% APR, or provide liquidity to liquidity pairs to get as high as 70% APR.

5) Coinex:

Decent exchange, also list most of the popular cryptos there, trading and withdrawal fees are also reasonable. You can even select a BEP-20 USDT deposit there to save your withdrawal fees. Once I had that deposit stuck for a day, contacted customer support and they resolved my issue in 24 hours, so their customer service seems fine. Also no KYC required if you're trading small amounts.

6) Nexo:

Worthy rival of Celsius Network. You can also earn up to 8% APR on your cryptos and 12% APR on your stablecoins, while the interests are compounded daily. You can currently swap your tokens inside the app, but I think transferring them to Binance/Kucoin will be more worth it. Withdrawals are free but with limits.

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Not recommended list:

1) Luno:

By far one of the highest trading fees (2% if you buy tokens directly from the app, 0.5% in the exchange). Withdrawals fees are dynamic and unpredictable unless if you use Ripple XRP. Only 5 coins listed in there. Enough said.

2) Hotbit:

An alternative to Kucoin for buying small market cap coins. The withdrawal fees for the tokens are also high. Recently got hacked not long ago.

3) Bitfinex:

I have by far the worst user experience using Bitfinex. It took me quite some time to get around on how to view balances, make deposits and withdrawals, and perform trades. Still difficult to use after getting the hang of it. Furthermore, you can read the scandal of Bitfinex & Tether to learn why you will not want to trust this platform. The features are also super limited if you don't provide KYC to them.

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Not Available for Malaysian Users:

Coinbase, Bitpanda, Voyager (will add more if I can think of more)

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Exchanges that I havent tried before:

Huobi, FTX, Gate.io (will add more if I can think of more)

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Feel free to comment down the exchanges you used and talk about your experiences.

Cardano Rumor Rundown August 6, 2021

Hey Everyone!

Let's go...

Newly covered today:

1. Cardano’s closest competitor, Ethereum, carries out it’s EIP-1559 London Fork which creates a new transaction fee scheme including some burning of fees and a more predictable base fee with an additional tip option on top. While the long term impact is unclear, the immediate aftermath of the fork seems to be even higher fees. We’ll see if this is just due to high transaction volume at the moment. Of course, part of this is already solved by Cardano’s deterministic fee system enabled by its local state as opposed to the global state in the Ethereum system. https://twitter.com/Birdson64827145/status/1423324771303972867
2. Senators Toomey, Wyden, & Lummis took to the Senate Floor to plead for a vote on their amendment which would fix the overly broad crypto tax reporting provisions in the Infrastructure Bill. https://twitter.com/jerrybrito/status/1423381402905726983 https://twitter.com/jerrybrito/status/1423413806634577922
3. The Toomey, Lummis, Wyden Amendment was then challenged by a competing amendment from Senators Warner, Portman, and Sinema which only excluded proof-of-work block validators and sellers of wallets from the tax reporting requirements. This terrible competing amendment was then immediately endorsed by the White House. This is a serious danger to our industry! Please call your Senators and ask them to support the Toomey/Wyden/Lummis Amendment! https://twitter.com/jerrybrito/status/1423429377459736577 https://twitter.com/WardDPatrick/status/1423464991441702912

Previously Covered but still interesting:

1. 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
2. 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
3. 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
4. Here’s a great new interview with the CEO of World Mobile from Cardano Chats. https://youtu.be/w0Z2RP6a9HE
5. New article from the Cardano Foundation on Governance. https://forum.cardano.org/t/blockchain-governance-what-it-is-and-why-it-matters/65493
6. Sebastien explains some Alonzo HFC event changes. https://twitter.com/SebastienGllmt/status/1409485560012414978
7. 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
8. Sebastien of dcSpark submits a Cardano Improvement Proposal to allow wallets to implement collateral. https://twitter.com/SebastienGllmt/status/1409910858117877763
9. Coti update from Shahaf Bar-Geffen. https://twitter.com/COTInetwork/status/1410644013863124992
10. 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/
11. 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/
12. 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
13. Catalyst Fund 4 results are here. https://adapulse.io/fund-4-results-are-here/
14. 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
15. 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
16. 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
17. 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
18. Ben O’Hanlon sets the record straight on developer interest in Cardano. https://twitter.com/benohanlon/status/1412136150404370432
19. As always, Cardano is straight killing the competition in terms of assets staked. https://twitter.com/StakingRewards/status/1412389781003194395
20. 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
21. 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
22. Cardano Gainz Calculator now has a graph showing 10 year growth. https://twitter.com/lesquive1/status/1413249312465866757
23. 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
24. Great new interview with World Mobile’s Mickey Watkins, Charles, and John O’Connor. https://youtu.be/WSSpI8Rtif0
25. This infographic shows just how big the Cardano DeFi space is getting. https://twitter.com/BPE_Crypto/status/1413973912396963840
26. This infographic shows just how much DeFi volume is out there for Cardano to steal. https://twitter.com/Coin98Analytics/status/1413514041029394439/photo/1
27. There is a new stakepool explorer available. https://www.cardanoworld.io/
28. 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
29. 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
30. The Cardano Foundation’s Cardano Developer Portal is now up and running. https://twitter.com/CardanoStiftung/status/1414640913612255234
31. Prime Minister Abiy Ahmed’s party has won re-election in a landslide election. https://www.bbc.com/news/world-africa-57791868
32. 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
33. Cardano is still destroying everyone in terms of value staked! https://twitter.com/StakingRewards/status/1414895205384327168
34. The Cardano ecosystem maps keep getting bigger and more complicated. https://poolg.de/Eco/CardanoEcosystemMap.html
35. 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
36. We experienced a successful fork to the Alonzo White testnet! https://twitter.com/InputOutputHK/status/1415399456841863177
37. Very serious accusations are laid out against the Meld project. https://twitter.com/Bobme808/status/1415283648438358016
38. 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
39. IOHK releases a paper on a crypto-backed algorithmic stablecoin. https://twitter.com/IOHK_Charles/status/1415531260470972423
40. 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
41. Always the GitHub activity champs! https://twitter.com/ProofofGitHub/status/1416065097794002946
42. We are now seeing the advent of a so-called “Fair Initial Stakepool Offering”. https://twitter.com/MinswapDEX/status/1416110973690122240
43. The weekly development update is out. https://roadmap.cardano.org/en/status-updates/update/2021-07-16/
44. Janet Yellen, Secretary of the Treasury, is calling a meeting of the President’s Working Group on Financial Markets to discuss stablecoins on Monday. Prepare for regulation. https://home.treasury.gov/news/press-releases/jy0276
45. Coindesk really hates us. Now they are writing articles about Cardano and using words like “crypto-colonialism”. https://www.coindesk.com/the-headache-of-crypto-colonialism
46. Liqwid says it is on target to be live on day 1 after the Alonzo hardfork combinator event. https://twitter.com/liqwidfinance/status/1416363542975074305
47. According to maximalists you’re apparently not allowed to be busy with your company authoring papers if you’re in Cardano. https://twitter.com/woonomic/status/1415761569082789890
48. The IOHK mid-month development update for July is out and available for viewing. https://youtu.be/U9K-8jILGcg
49. Apparently “unsigned Phalices” are a thing in the Cardano ecosystem now. https://twitter.com/unsigned_algo/status/1416909454100992000
50. The El Faro article reporting meetings between Cardano, Whizgrid of Cyprus, and the brothers of President Bukele of El Salvador definitely contain some extremely interesting details related to a possible Salvadorean national stablecoin by the end of the year and a possible digitization and blockchain storage of a wide range of government related documents next year. This could be huge!!!!!! https://elfaro.net/en/202107/el_salvador/25611/Bukele-Plans-to-Launch-a-National-Cryptocurrency-This-Year.htm
51. Treasury Secretary Janet Yellen told regulators in the Presidents Working Group on Financial Markets that they must move quickly to regulate stablecoins. So, a Salvadorean market for stablecoins might be good for Cardano. https://www.reuters.com/technology/yellen-says-us-must-move-quickly-establish-stablecoin-rule-framework-2021-07-19/
52. Notable news for upcoming Cardano DeFi projects. There may be slightly less competition in the “get a return on your crypto assets” game very soon. The New Jersey AG’s office has delivered a cease and desist letter to BlockFi. The AG’s press release cited BlockFi’s interest bearing deposit accounts as unregistered securities and also mentioned the lack of FDIC or SPIC insurance for it’s depositors. This leaves some lingering questions for Cardano DeFi projects that might be planning to accept deposits or other transfers of value and offering a return of sorts. You could argue that these projects are decentralized where BlockFi was not. But, the AG’s press release seems to cite decentralization as one of the risks of DeFi projects. Also, as a practical matter, there is a question whether decentralization will be a good shield from regulators since many of these projects have companies and real humans with faces and names behind them unlike a truly anonymous founder such as Satoshi Nakamoto. https://www.njoag.gov/new-jersey-bureau-of-securities-orders-cryptocurrency-company-blockfi-to-stop-offering-interest-bearing-accounts/ https://twitter.com/BlockFiZac/status/1417316834244796416
53. EU is planning to introduce regulations on anonymous crypto wallets. This is a big deal. But, Cardano is probably more prepared than any with its identity solutions that could be used for KYC/AML. https://twitter.com/Wiiinnie/status/1417575921565978628
54. Cardano didn’t come up in the Cathie Wood, Jack Dorsey, and Elon Musk panel discussion at “The B Word” event. But, given how Elon repeatedly shot down maximalist explanations for the shortcomings of proof-of-work chains in energy consumption and throughput, the whole thing ended up sounding like a long-form pitch for proof-of-stake and Cardano. Seriously, you should check it out. https://www.thebword.org/c/track-2-Bitcoin-As-A-Tool-For-Economic-Empowerment
55. Gary Gensler, SEC Chair, indicates that crypto assets providing synthetic exposure to securities will be regulated as securities. This should be scary news for any Cardano projects that are aimed at exactly that! https://www.sec.gov/news/speech/gensler-remarks-aba-derivatives-futures-law-committee-virtual-mid-year-program-072121
56. The mainstream press is suddenly realizing the behavioral economics tools that a central bank with CBDCs could wield. There is definitely a universe where this becomes a very dystopian and jarring introduction to virtual currencies for the mainstream. https://twitter.com/NeerajKA/status/1418168477429424135
57. Wolfram CEO, John Woodard, drops a guest article with IOHK on NFT liveminting. The article seems to have a good amount of focus on the community building potential of NFTs. I think that could be a big growth area for the future. https://iohk.io/en/blog/posts/2021/07/22/wolfram-and-cardano-build-communities-with-nfts-and-liveminting/
58. IOHK has released its Conclave paper on collective stakepools. https://eprint.iacr.org/2021/742.pdf
59. Here’s the IOHK Development Update for July 23! https://twitter.com/InputOutputHK/status/1418635822987943939
60. Cardano received some coverage in the Motley Fool as an eco-friendly crypto! https://www.fool.com/the-ascent/cryptocurrency/articles/4-eco-friendly-cryptos-you-should-know-about/
61. Big lesson for future Cardano DeFi projects: Uniswap Labs just had to censor the Uniswap UI to ban synthetics of underlying securities. Bucket shops have been around for 150 years and illegal for 100 years. It turns out that you can’t do it in crypto either. https://twitter.com/Uniswap/status/1418697012095164420 https://twitter.com/haydenzadams/status/1418961999539712006
62. Check out this new video of the World Mobile Team on the ground in Zanzibar. Doesn’t this feel like a better mission for our ecosystem than DeFi? https://twitter.com/WorldMobileTeam/status/1419051567878221828
63. Reports are coming in that Amazon plans to integrate Bitcoin, Cardano, ETH, & BCH in the very near future. This has apparently been a work in progress for several years. https://www.cityam.com/amazon-definitely-lining-up-bitcoin-payments-and-token-confirms-insider/
64. Adam Dean brings us open source code to accept ADA in your Woo Commerce store. https://twitter.com/adamKDean/status/1419495005983371264
65. Weiss Crypto has very good things to say about Cardano. https://twitter.com/WeissCrypto/status/1419685634566938634
66. Check out this new bot that tweets every time it discovers a Cardano Giveaway Scam! The tweets show ISP and geolocation info for the scammers. Follow this bot and report the scammers! Brought to us by @nicknikiforakis. Thanks for building this, Nick! https://twitter.com/CardanoPhishing
67. The regulatory purge of stablecoins is getting into full swing now with Bloomberg running a piece on a DOJ criminal probe of the Tether founders. Of particular note for the Cardano ecosystem is that the first attack surface for regulators is the relationship of the stablecoin with legacy banking institutions. This is something that Cardano ecosystem stablecoin, Djed, may already fix with its own crypto backed reserve system. https://www.bloomberg.com/news/articles/2021-07-26/tether-executives-said-to-face-criminal-probe-into-bank-fraud?srnd=economics-vp
68. Nami Wallet now allows you to mint NFTs for no extra fees (only Cardano network fees) inside the wallet. https://twitter.com/NamiWallet/status/1420031000017608717
69. More pressure for Crypto regulation is coming to bear today in the U.S. This time it comes in the form of a letter from Senator Elizabethe Warren to Treasury Secretary Janet Yellen (in her position as Chair of the Financial Stability Oversight Council which brings together 10 different financial regulators including the SEC, CFTC, and the Federal Reserve). The letter was sent after a Senate Banking Committee hearing titled “Cryptocurrencies: What are they good for?” https://www.cnbc.com/2021/07/27/elizabeth-warren-presses-yellen-financial-regulator-to-manage-crypto.html
70. Stephen Wolfram does the first NFT liveminting event where he creates NFTs of cellular automata from the computational universe while live on stream. The first two created were “Crashing Waves” and “Down Arrows”. https://twitter.com/IOHK_Charles/status/1420087229104283656
71. A new Cardano NFT Marketplace is now live and receiving a lot of attention. https://twitter.com/CNFT_IO/status/1419655915226152961
72. Project Catalyst now has 30k members! https://twitter.com/InputOutputHK/status/1420474342253678599
73. Emurgo has released an article about what we can expect from the Yoroi dApp Connector. https://emurgo.io/blog/emurgo-is-thrilled-to-announce-the-yoroi-dapp-connector
74. Reports are coming in that the new bipartisan Infrastructure Bill contains new provisions that might require a whole host of actors within crypto ecosystems like Cardano to report transactions over $10k. https://www.coindesk.com/new-infrastructure-bill-looks-to-raise-30b-through-crypto-tax https://www.marketwatch.com/story/crypto-allies-rally-against-ignorant-new-tax-rules-in-bipartisan-infrastructure-deal-11627578844 https://twitter.com/jerrybrito/status/1420724068286926853
75. But this bill is an even bigger deal. If passed as-is, we can probably say RIP to the Wild West Era of crypto (2009-2021). https://beyer.house.gov/news/documentsingle.aspx?DocumentID=5307
76. The July Cardano 360 can now be viewed on Youtube. https://youtu.be/AG5DspF9tuA
77. John O’Connor was on SkyNews discussing the Ethiopian Ministry of Education project! He stressed that this was not a profit center for IOHK, and had a chance to refute the “crypto colonialism” strain of thought. https://vimeo.com/581137605
78. We are kings of the github commits once again! https://twitter.com/ProofofGitHub/status/1421138529908842502
79. The differences between the currently dominant smart contract blockchain and Cardano’s upcoming smart contract architecture keep getting highlighted by dramatic failures of the former. https://twitter.com/WeissCrypto/status/1421064543900418048
80. Don’t forget that registration for the Cardano Summit is live. https://summit.cardano.org
81. In case you missed the July Cardano 360 and don’t have a lot of time. Here is the always great Cardano 360 Mini! https://twitter.com/InputOutputHK/status/1421803459997835266
82. Reports are coming in that we’ve got final language from the crypto tax reporting piece of the Infrastructure Bill. It’s better but not great or even good. https://twitter.com/jerrybrito/status/1422002228102107142
83. The Charles AMAs returned on August 1 after a brief break. https://www.youtube.com/watch?v=yKY6VwVq02s
84. A quarter million votes were cast in Catalyst Fund 5 voting! Apparently, this is over 10x what we saw in Fund 2. https://twitter.com/danny_cryptofay/status/1422253955816505345
85. Here’s a very good read on one vision for prosperity via CBDC and how such a currency should interact with existing blockchains like Cardano. https://twitter.com/RealNatashaChe/status/1422270993498705921
86. Cardano has been listed by Bitpoint in Japan! https://www.bitpoint.co.jp/news/info/info-2021080301/
87. Senators Wyden and Toomey are trying to fix the crypto provisions in the Infrastructure Bill! https://www.bloomberg.com/news/articles/2021-08-03/crypto-rules-in-infrastructure-bill-eyed-for-bipartisan-rewrite
88. SEC Chair Gensler gave another speech strongly signaling that a lot of stablecoins, lending platforms, synthetics platforms, and other DeFi projects are probably non-compliant in the eyes of the SEC. I would heed this warning very carefully if I were one of those projects. https://www.sec.gov/news/public-statement/gensler-aspen-security-forum-2021-08-03 https://www.youtube.com/watch?v=tusQLLCgrDs
89. The Yoroi Wallet is already making improvements in preparation for the dApp Connector release! https://twitter.com/YoroiWallet/status/1422905221793996809
90. We’re now up to 5 different states that are getting after BlockFi for their crypto lending activities. Reportedly, this includes New Jersey, Vermont, Alabama, Kentucky, & Texas. Probably relevant for those building lending solutions on Cardano. https://www.coindesk.com/blockfi-receives-fifth-cease-and-desist-from-kentucky-financial-regulator
91. Charles dropped an update to let us know that Light Purple Alonzo will come next week. That will bring in exchange partners. Mid-month there will be an update with official dates given for a primary date and a fallback date for triggering the hardfork combinator event. The fallback date will likely be one epoch (five days later). Part of this depends on how the exchange partners are doing with their integrations. Charles says it looks like late August or the first week of September. There will be a live HFC party where they will deploy “some things” minutes after the HFC. The Plutus Application Backend (PAB) might be integrated on something like September 10th. https://www.youtube.com/watch?v=8y261_eImsE

~Army of Spies

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Crypto Daily News from ZBG Exchange

1. Market Wrap: Ethereum Hard Fork Rally Outperforms Bitcoin

Ether is up 3% over the past 24 hours.

Ether, the second largest cryptocurrency by market capitalization, was in the spotlight on Thursday as the latest hard fork upgrade, which wasa dubbed “London,” officially activated on the Ethereum blockchain network. The upgrade contributed to bullish price action as ether rose about 5% over the past 24 hours, compared with a 3% rise in bitcoin during the same period.
Despite ETH’s rally, some analysts expect widespread institutional adoption to take a few years. Institutional interest boosted bitcoin’s investment appeal over the past year, which contributed to a crypto rally during the fourth quarter of 2020.
“I think Ethereum might flip the bitcoin market cap in the long term, but not this year,” CryptoQuant CEO Ki Young Ju, said in an interview with WuBlockchain.
“I met Goldman Sachs, Fidelity and other big institutional asset management firms in Miami a few weeks ago and they said they’re still struggling explaining what Ethereum/DeFi (decentralized finance) is to their bosses,” Ju said.

Latest prices

Cryptocurrencies:
Bitcoin (BTC) $41143, +2.83%
Ether (ETH) $2806.8, +4.11%
Traditional markets:
S&P 500: 4429, +0.6%
Gold: $1814.2, +0.21%
10-year Treasury yield closed at 1.217%, compared with 1.16% on Wednesday.
Meanwhile, some institutions remain active across the crypto market either directly or indirectly. On July 22, Fidelity Investments acquired a 7.4% stake in crypto miner Marathon Digital Holdings for about $20 million.

2. How a ‘Lazy Robot’ Might Solve a Big Problem for Crypto’s Whale Traders

It can be hard having a giant pile of crypto.

Especially if you want to trade it for a different giant pile of crypto.
Sometimes investors or organizations want to move a lot of cryptocurrency, and they would prefer to do it in a way that doesn’t have a big impact on the market. The folks at venture fund Paradigm have a new idea for addressing this issue without having to trust anyone.

3. Gensler’s Preference for Bitcoin Futures Products Is Likely Bad News for a Spot BTC ETF

The SEC chairman’s comments this week are causing issuers to readjust their expectations for the approval of a spot bitcoin ETF.

U.S. Securities and Exchange Commission Chairman Gary Gensler’s comments this week have some digital asset managers realizing that the excitement in the first half of the year for a true bitcoin (BTC, +1.08%) exchange-traded fund (ETF) may have been premature.
In remarks at the Aspen Security Forum on Tuesday, Gensler noted that he would be partial to ETFs based on bitcoin futures traded on the Chicago Mercantile Exchange (CME).
“I think his comments are pretty clear that a pure spot bitcoin ETF isn’t coming soon and that futures products would potentially be considered,” Steven McClurg, chief investment officer for Valkyrie, which has filed an application with the SEC for a bitcoin ETF. “I think it’s certainly going to direct our conversations and our product road map.”

4. What Crypto Analysts Are Saying About the Ethereum Hard Fork

“The notion of ethereum becoming a deflationary cryptocurrency in the future is now tangible, and the effects on ethereum’s valuation could be profound,” said one analyst.

Ether (ETH, +2.6%) prices rose in digital-asset markets on Thursday after the Ethereum blockchain’s “London hard fork” went live, and cryptocurrency analysts are now weighing in on the impact of the network upgrade.
At press time, ether was trading at $2,802. The world’s second-largest cryptocurrency by market capitalization is up more than $300 from its daily lows, with a 4.83% gain over the past 24 hours.

Martin Gaspar, research analyst at CrossTower:

The apparent success of the upgrade is getting priced in.
“The notion of ethereum becoming a deflationary cryptocurrency in the future is now tangible, and the effects on ethereum’s valuation could be profound.”

Alex Svanevik, co-founder & CEO at Nansen:

It will take a while, possibly even weeks, to see any real impact from the upgrade.
Currently, he is focusing on a metric that looks at the percentage of EIP 1559 transactions, which is currently very low.
“As wallets, bots, etc. start making use of the EIP 1559 features, we will know more about how this upgrade affects Ethereum long term.”

Denis Vinokourov, head of research at Synergia Capital:

“Overall, the reaction is more or less as expected. It is very rarely that ethereum benefits from any immediate upside following such network upgrades, although a bias tends to materialize over time.”
These occasions are typically well documented heading into the event, given the transparent discussions on various forums and conferences, he said.
That’s “unlike, for example, the [Federal Reserve] meeting, where slight nuances with regards to language used may have a more pronounced impact on reaction by different asset classes,” Vinokourov said.

Laurent Kssis, managing director of exchange-traded products at 21Shares AG:

Kssis sees a possibility of a short-term correction as the network stabilizes, before resuming an upward trend.
He said he can’t see a definite trend in the short term, but a relative value trade could be implemented between ether and bitcoin (BTC, +1.12%).
“With [non-fungible tokens] in full swing, we see a consolidation as demand remains strong in the [decentralized finance] segment.”

5. Senator Who Wrote Controversial Crypto Tax Rule Proposes Modest Revision

The bill excludes only proof-of-work mining, or the selling of hardware or software that gives individuals control of private keys to access digital assets.

Senators Mark Warner (D-Va.) and Rob Portman (R-Ohio) submitted a competing amendment on Thursday to an earlier amendment to the Senate infrastructure bill’s cryptocurrency provision.
The amendment, is limited in scope, excluding only proof-of-work mining, or the selling of hardware or software that permits individuals to control private keys that provide access to digital assets.
In a tweet Thursday evening, Jerry Brito, the executive director of the Washington, D.C.-based think tank Coin Center called the amendment “disastrous.” He added: “And it does nothing for software devs. Ridiculous!”
The crypto-specific provision would raise $28 billion toward $1 trillion in infrastructure improvements but has been contentious, briefly holding up the entire infrastructure bill.
Senators Ron Wyden (D-Ore.), Cynthia Lummis (R-Wyo.) and Pat Toomey (R-Penn.) proposed their amendment earlier Thursday to ensure miners, node operators, developers and other non-custodial crypto industry participants are exempt from the crypto tax reporting provision.

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August 6, 2021

Evening Briefing

The latest wave of coronavirus infections to strike the U.S. is increasingly pushing back corporate return-to-work plans. BlackRock and Wells Fargo have retreated to early October. And Amazon said on Thursday that its corporate employees won’t have to return to the office regularly until January. More broadly, there are increasing signs that the more easily transmitted delta variant may slow the pace of the U.S. economic recovery. —David E. Rovella

Bloomberg is tracking the progress of coronavirus vaccines while mapping the pandemic worldwide.

Here are today’s top stories
But on Wall Street, the future looks bright. Goldman Sachs strategists lifted their outlook for the S&P 500 Index as robust earnings growth and low interest rates fuel optimism that stocks can continue rallying despite record high levels. Here’s your markets wrap.

A huge melting event in Greenland and reports that an ocean system critical to global climate may soon stall were just two of the growing number of grim daily stories about accelerating global warming. Marked by catastrophic wildfires, this July was the third hottest on record. Next week, the United Nations Intergovernmental Panel on Climate Change releases a major report, representing a total refresh of the global consensus on climate science for the first time since 2013.

High summer temperatures sped up ice melt in Greenland last month. Photographer: Joe Raedle/Getty Images Europe Not vaccinated? Here’s how you could kill someone’s father. Faye Flam writes in Bloomberg Opinion how a doctor and vaccine expert learns firsthand just how devastating Covid misinformation can be.

U.S. Senator Tammy Duckworth, a former Army helicopter pilot who lost both legs in the Iraq war, introduced legislation in May that became a proposed amendment to the massive infrastructure bill now pending in Congress. The Democrat’s bill would require transit agencies that receive federal accessibility grants create explicit plans for prioritizing accessibility for people with disabilities. This week, the amendment was defeated largely along party lines, with Republican Senator Pat Toomey of Pennsylvania calling the disability measure “politically correct virtue signaling,” and “a woke planning mandate.”

U.S. Senator Pat Toomey Photographer: Sarah Silbiger/The Washington Post Beijing added new curbs and travel restrictions rose across China as a delta variant-driven Covid-19 outbreak grew to more than 500 cases in 15 provinces. In Malaysia, hospitalization rates will take the place of infections in guiding official decisions on state reopenings. Worldwide, there were at least 640,000 new cases and 10,000 deaths on Aug. 3 alone. In the U.S., there were 150,000 confirmed new cases on Aug. 3. Of the four previous waves to wash over America since Covid-19 arrived, only the third wave this past winter was worse when it came to daily rates of infection. And the lagging indicator of death is beginning to rise now too, with 725 Americans killed by the virus yesterday. In Florida, hospitals are struggling to get oxygen due to a spike in cases and Republican Governor Ron DeSantis’s decision not to declare a state of emergency. Here’s the latest on the pandemic.

The most significant change to the Ethereum blockchain since 2015 shows the network is well-positioned to make an even bigger upgrade to reduce its energy use by 99%, according to its inventor, Vitalik Buterin. Ethereum and rival Bitcoin both operate using a proof-of-work system that requires a global network of computers running around the clock. Software developers have been working to transition the blockchain to what’s known as a proof-of-stake system, which uses a totally different approach to secure the network that also eliminates the carbon emissions issue.

Vitalik Buterin Photographer: David Paul Morris/Bloomberg Beyond Meat, the maker of plant-based burgers and sausages, fell in late trading on Thursday after forecasting that demand will moderate in the third quarter. The company’s outlook suggests its rapid growth is cooling off quickly.

What you’ll need to know tomorrow Businessweek: The reasons why the U.S. labor force is shrinking. Ex-Tesla employee called a racial slur gets $1 million award. Apple to detect, report sexually explicit child photos on iPhones. Novavax delays U.S. vaccine submission, and its stock dropped. Philipine peso falls most since 2013 ahead of Manila lockdown. Israel is making noises about attacking Iran after tanker strike. The creators of “South Park” just got a $900 million deal. Covid, Fires Spell Money for Air Purifier Makers Between Covid-19’s airborne transmission and more recently the choking smoke sent aloft by western wildfires—some of which drifted thousands of miles to settle over East Coast cities—the very air Americans breathe has become a threat. One sector that’s managed to benefit from these dual crises however is the air purifier industry. Sales have been climbing since the onset of the pandemic, a trend that’s been turbocharged by unprecedented, climate change-induced infernos raging across the West.

Smoke from wildfires fills the sky near Greenville, California, on July 24. Photographer: David Odisho/Bloomberg HBCUs—The Path to Prosperity: Systemic barriers have persisted when it comes to philanthropic support for historically Black colleges and universities (HBCUs) and organizations. Join Bloomberg on Sept. 15 when we bring together leaders from government, higher education, philanthropy and business to discuss how these institutions can get the support they need to keep educating and uplifting diverse talent. Sponsored By UNCF. Register here.

Like getting the Evening Briefing? Subscribe to Bloomberg.com for unlimited access to trusted, data-driven journalism and gain expert analysis from exclusive subscriber-only newsletters.

FULL NEWS RELEASE: READ

KYN Capital Group, Inc. Announces Koinfold™ Pay Now Accepts Digital Payments from Anywhere in the World CARSON CITY, NV, Aug. 05, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – KYN Capital Group, Inc. (OTC: $KYNC) is pleased to announce the release of https://koinfoldpay.com/, our all-in-one payment solution for businesses to use and receive Digital Assets as payments. Koinfold™ Pay accepts cryptocurrency payments from all over the world. You can accept digital asset payments that include bitcoin, Ethereum, Bitcoin Cash, Litecoin and others straight into your account with quick and easy payments.

We’re looking to be your global payment system, eliminate fraud (no chargebacks or ID theft), and process Fiat Settlements to receive funds directly to your bank account with zero price volatility or risk. We provide a quick, easy and cost-effective way for merchants to receive crypto payments from customers without the risk of volatility exposure. Leveraging our frictionless, blockchain-based payment processing technology, your cryptocurrency will automatically and instantaneously be converted to a fiat currency of your choice and deposited into your bank account. Whether you’re a business looking to accept crypto or a freelancer hoping to gain a competitive edge by enabling BTC payments on your invoices, Koinfold™ Pay enables you to seamlessly receive cryptocurrency payments, securing market share today and for years to come. We are your “All-In-One” crypto payment solutions eCommerce, online payments, invoicing system all together under Koinfold™ Pay. Create accounts, and track your balances. Add cryptocurrencies as a payment option for your client's eCommerce sites. Also, your clients can send invoices via email and get paid instantly in the currency of their choice. We look to be one of the leading digital asset payment gateways in the market. Koinfold™ Pay allows you to receive payments from various cryptocurrencies. This is done straight to your bank account instantly which has been converted into a fiat currency of your choice.

Koinfold™ Pay can easily be integrated with your website or platform with our REST API integration. Easy and simple to set up. You can instantly reach new markets and a wider target audience who prefer to perform transactions with cryptocurrency. Koinfold™ Pay is a complete digital assets payment solution that is perfect for any merchant or individual looking to grow their business. Open up your account today. Rick Wilson, CEO of KYN Capital, is very excited about the launch of our first Koinfold™ product: “Koinfold™ Pay has a huge potential revenue stream for the company. Since our announcement of this payment hub, we have had many inquiries from companies and organizations that are excited about implementing our Koinfold™  Products into their operations. We look to announce these partnerships in the near future.”

The Koinfold™ Exchange application and development schedule will be released soon. Thank you for all the positive support for the company.

About KYN Capital Group, Inc. KYN Capital Group, Inc. (OTC: KYNC) is a Nevada Corporation. The company has been re-positioned to be a holding company for acquisitions, entertainment, blockchain, crypto-currency and touchless payments. The goal is to combine the expertise of our team members to create a cohesive force, which will carry the company forward in the marketplace.

Follow KYN Capital Group, Inc. on Twitter @

https://twitter.com/kyncap Follow Koinfold™ on Twitter https://www.twitter.com/koinfold https://www.koinfold.com https://koinfoldpay.com/

Safe Harbor Statement Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.

Contact:KYN Capital Group, Inc.info@kyncap.com

Aliens are a Bullish Signal

As far as I can tell, there has been no attention placed on an alien “after disclosure” scenario for the course of usefulness, value, and adoption of cryptocurrency. This post is part gest jest, part serious to get the discussion of near-apocalyptic scenarios on everyone’s radar. Every single word is up for debate, and I welcome it.

I am not sure if I'm a believer in an extraterrestrial explanation of unidentified aerial phenomenon (UAPs), and that is nevertheless out of the scope of this discussion. However, the US government (the DNI specifically) has acknowledged recently that UAPs exist: (https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwjN_PGv15ryAhWEdc0KHaUxDBAQFnoECAcQAw&url=https%3A%2F%2Fwww.dni.gov%2Ffiles%2FODNI%2Fdocuments%2Fassessments%2FPrelimary-Assessment-UAP-20210625.pdf&usg=AOvVaw1J7epZFLn63Xe81osQf4vp), and that they are not of any known terrestrial origin. This is the premise for our Odyssey.

This is not financial advice, I am not a financial advisor, this is purely spectulative, should not be used in any investment decisions, and this post is purely for your digestive entertainment. Strap in, spacepeople.

• If you are not familiar with some of the current UAP (UFO) controversy, please consider perusing: r/UAP, especially https://np.reddit.com/r/UAP/?f=flair_name%3A%22Resource%22

A. If UAPs turn out to be of extraterrestrial origin, our (human) supply chains are at risk of complete collapse.

1. Consider how COVID-19 affected the stock market in phases, with recovery based in part on the general consensus that the pandemic would end: (https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/the-impact-of-covid-19-on-capital-markets-one-year-in#)
2. If COVID-19 financial response is based on uncertainty, then a UAP disclosure would be an extraordinarily uncertain event, being the first of its kind in human history.
3. Human business endeavors are still reeling from the “microchip crisis.” https://www.theguardian.com/business/2021/mar/21/global-shortage-in-computer-chips-reaches-crisis-point
4. SO, premise 1 is that: Extreme human uncertainty for safety leads to withdrawal from the stock market and supply chain partial collapse.

B) If UAPs turn out to be of foreign (non-US) origin, the stock market will tank (go down and down and downer):

1. WSJ article outlining the effect of Sputnik on the DOW jones: https://www.wsj.com/articles/SB84463787621945500
2. Please read on the political/sociological implications of Sputnik on the US economy/zeitgeist.

a). Wilson, C. (n.d.). Sputnik: a Mixed Legacy. U.S. News & World Report, 143(12), (37–38).

b). Morring, F. (2007). "March). Down To Earth". Aviation Week and Space Technology. 166 (12): 129.

c). Peoples, C. (2008). "Sputnik and 'skill thinking' revisited: technological determinism in American responses to the Soviet missile threat". Cold War History. 8 (1): 55–75. doi:10.1080/14682740701791334. S2CID 154436145.

C). Cryptocurrency is relatively buffered from sociopolitical influences, and sometimes accommodates for them (an inverse relationship):

1). Bitcoin has been noted to precede the S&P 500 in some cases: https://www.forbes.com/sites/investor/2020/05/13/bitcoin-and-stocks-correlation-reveal-a-secret/?sh=683c7e6712c2

a) Uncertainty is risk: https://kinfo.com/how-do-political-conditions-affect-the-stock-market/

2) The Cryptocurrency dream is a hedge against government… bullshittery

a) Here is a list of the countries outlawing cryptocurrency: https://www.yahoo.com/lifestyle/countries-banned-cryptocurrencies-why-210500613.html

i) AND YET, Nigeria is a LEADER in the Bitcoin Trade, correlating nicely with the devaluation of the Nigerian Naira: https://www.bbc.com/news/world-africa-56169917

ii) VENEZUELA has demonstrated the cryptocurrency usefulness where government has failed: https://www.reuters.com/technology/venezuelas-economy-regresses-crypto-fills-gaps-2021-06-22/

D) In the case the US fed and local economies are not functioning, decentralized finance will be essential.

1. That’s yet to be demonstrated… but it’s my opinion.

TL;DR: If the US, or any reputable government announces, “This is GleepGlorp, an alien from Kepler-452b, here to explain how its species have helped you get your pinkies out of your noses for the last 5000 years,” I will be quite bullish on Cryptocurrency in general.