audio here!
The New York Times
Wednesday, October 6, 2021
The New York Time and DealBook/Dialogue: - Greening Crypto - with Kathleen Breitman (and others)
Me and my partner are buying a house and I need guidance on what I should do with my money/debts
Hi, I made a throwaway a while back and I’ve been lurking since.
Me and my partner are in the early-mid stages of purchasing a house because we need to upsize due to our current place being too small and to future proof a baby situation along with it being both closer to work and rented places in our area sucking. We’ve got a mortgage set up and ready to go including contents/life insurance along with income protection.
Our monthly income is around £2800 which is a considerable increase from around this time last year which was about £1900-2000. Our current joint essential expenditure is about £1050 with my and my partners personal essential expenditure being around £150 / £320 respectively and we’ve calculated our joint expenditure in the new house will rise from £1050 to around £1250-£1300 at most
The deposit for the house is £11400 which will be coming entirely from my savings and the full legal/mortgage fees will be £2300. I have been advised to get a declaration of trust to protect my deposit in the event of a worst case scenario of me and my partner separating as otherwise we would both have equal equity on the house otherwise.
My current savings is £5500 in an ISA with around £7000 in crypto (90% bitcoin) with about £1000 sprinkled across my bank accounts.
My partner currently has about £1200 in savings to help pay for these fees.
My crypto sadly isn’t usable towards the house deposit due to them needing airtight statements on the sourcing of funds however I can still use it towards paying legal fees and what not. I have arranged with a family member to lend me £5000 to subsidise the crypto I cannot use and then I pay it back as and when I’d like to over the next few years
I have about £1850 on a credit card at the moment that is interest free till the 9th October which I am making minimum payments on (will be 18.9% apr afterwards)
My partner is completely debt free.
I was planning on pulling out all my crypto to pay everything off (the family loan+my credit card before I start having to pay interest) and working from a blank slate to build emergency funding or if there was a better way to do this, or to keep some money as emergency funding incase something was to happen where I/we would need a lump sum, though we have a disposable income of about £1500 a month between us so saving money will be a lot easier for the both of us now.
edit: bitcoin is going brrr as we speak so my crypto balance will probably be higher than I stated above
Why you should buy Crypto.com before the bullrun starts
What is Crypto.com
Crypto.com is a cryptocurrency bank that is developing a full blockchain ecosystem that includes a wide range of goods with distinct value. Crypto.com, founded in 2016, now serves over 10 million consumers through the world's fastest growing crypto app, the Crypto.com Visa Card — the world's largest crypto card program — the Crypto.com Exchange, and the Crypto.com DeFi Wallet. Crypto.com NFT, which was recently founded, is the top platform for collecting and trading NFTs expertly picked from the fields of art, design, entertainment, and sports. As a result, Crypto.com gives users with everything they need to engage successfully in the decentralized market.
Crypto.com aims to drive bitcoin adoption to new heights. Currently, prospective investors may find that entering the crypto market is a perplexing process that necessitates interaction with many platforms and new technologies. All of these acts can be aggravating for new users who are unfamiliar with the blockchain industry.
Furthermore, billions of people worldwide lack access to fundamental financial tools such as checking accounts. Crypto.com offers a more efficient and accessible alternative to the existing quo for these individuals. When asked about the platform's overarching ambitions, Kris Marszalek, Co-Founder and CEO of Crypto.com, stated: “We believe it’s your basic human right to control your money, data, and identity,”
CRO Tokens are the Crypto.com ecosystem's utility token. The Crypto.com Chain was designed to create a network of cryptocurrency projects and to enable retailers to accept cryptocurrency as a method of payment. The Crypto.com Chain is a high-performance native blockchain technology that will enable transactions between cryptocurrency users and merchants accepting cryptocurrency easy, cost-effective, and secure. This is the token used to access platform services, receive bonuses, pay fees, and initiate trades. In particular, these ERC-20 compliant coins provide unrivaled interoperability in the industry. You can, for example, keep your CRO tokens in any ERC20-compliant wallet. This option is in addition to the possibility to use Crypto.com's dedicated multi-currency wallet.
Sponsorship
Crypto.com spends a tons on advertising and recently, it has partnered with Fnatic where the Crypto.com logo will appear on the collarbone of Fnatic squad shirts as part of the collaboration. Fnatic will also provide fans with a variety of perks and money-can't-buy experiences for Crypto.com consumers who purchase its items. In the near future, new digital items, such as special Fnatic non-fungible tokens (NFTs), will be released. Fnatic will also offer financial literacy and crypto education chances for people who are new to cryptocurrencies and NFTs in order to help fans better comprehend cryptocurrency and future-proof their decisions.
Additionally, Crypto.com announced a multi-year partnership with Paris Saint-Germain (PSG). Paris Saint-Germain has recently constructed one of the most powerful football squads in history. The addition of world-class players Lionel Messi, Sergio Ramos, Gianluigi Donnarumma, Georginio Wijnaldum, Achraf Hakimi, and Nuno Mendes to an already great group has increased the club's international appeal to new heights. It was an obvious next step to collaborate with Crypto.com, a leader in the crypto sector. The company has over 10 million users globally and is ranked as a top-ten finance app in both the App Store and Google Play. Crypto.com, in addition to developing the world's fastest growing crypto platform, also provides the world's most popular crypto card, which is available in over 30 countries.
Crypto.com has lead the industry in sports collaborations, most notably announcing global alliances with the UFC, Formula 1®, and Lega Serie A. Earlier this year, Crypto.com became the first cryptocurrency platform to collaborate with an F1 club, as well as the first to collaborate with an NHL franchise.
A one-stop convenient shop
Crypto.com is more akin to a crypto bank than a cryptocurrency exchange or brokerage. You may, indeed, buy and sell cryptocurrencies on the exchange. You can also exchange them with other DeFi wallet users. Furthermore, you can spend your cryptocurrency with a prepaid Visa card. You can be paid in cryptocurrency, deposit your cash into an interest-bearing account, and – in some countries – obtain a cryptocurrency loan.
Cards with Attractive Cashback
Five prepaid Visa Cards are available at Crypto.com. They can be used anyplace Visa is accepted, but you must top them up before you can spend money.
The more CRO you stake, as with its other products, the bigger the benefits. The top-tier Obsidian card earns 8% cash back (more precisely, crypto back) and comes with a slew of added benefits. To qualify, you must stake 5,000,000 CRO. If you don't have a lot of cash, the no-risk Midnight Blue card gives you 1% back on purchases. With the Ruby Steel card, you'll get 2% return on a 5,000 CRO stake (about $750). There is no annual cost, and depending on the card, you will receive a certain number of free ATM withdrawals and foreign transactions per month.
Earn Interest with Crypto.com
Crypto.com is more than just a website where you can buy bitcoin and other cryptocurrencies. Account-holders can also earn significant interest rates. The lowest interest rates on Crypto.com are higher than the finest high-yield savings accounts. The greatest interest rate you can receive is 14 percent, but you'd have to keep a lot of cash in CRO to qualify, much like with the Visa card bonuses.
Your interest rate is determined by how long you leave money, the currency in which you save, and the quantity of CRO you have risked. You can raise your interest rate if you do the following:
- Invest more than 50,000 CRO. You can receive much more if you bet 500,000 CRO, which may be out of reach for many investors. It is deposited for a three-month duration. Although flexible and one-month durations are available, three-month terms receive the best rates.
- Purchase a stablecoin. Stablecoins are coins that are linked to fiat currencies or commodities. You could, for example, invest in a stablecoin that is tethered to the US dollar. You'll earn more interest, but your coin's value is unlikely to rise in the same way that a standard cryptocurrency would.
Supercharger
In September 2020, Crypto.com debuted Supercharger on its exchange. UniSwap was the first project to debut on Supercharger, with a $500,000 USD budget. Their most recent Supercharger event is Axie Infinity.
Supercharger is a straightforward, adaptable, and safe liquidity mining platform for the most popular cryptocurrency projects, including UniSwap, Polkadot, and Bitcoin. Users are rewarded with tokens for placing CRO tokens into the Supercharger pool. Any confirmed Crypto.com Exchange user who has any CRO to deposit is able to participate!
It is a great way to diversify your crypto portfolio without any hassle!
Any unsold tokens in the presale will be available in the public sale.Unsold tokens in the crowd sale are placed in a pool to be used by the platform for future purposes, including attracting talent or partnerships with individuals and companies which may assist the company reach its goals.
Create an advanced Audio Conversation Social Media Platform with an inbuilt Creators’ and Users’ Compensation program. Some of the direct and immediate ways that GISTCOIN/GISTHOUSE Project will address specific problems in the industry include. GISTCOIN will power a next generation audio drop-in conversation portal for the Social Media industry as the official means of exchange of premium content and for participation in creating and consuming content on those media. Creators can use Gistcoin to drive Community Participation. Social Media Networks adopting the Gistcoin Cryptocurrency can reward their Creators and most loyal platform users and content creators with the GistCoin token. Fans can hold or exchange these coins for access to private communities, access exclusive content, and purchase physical and digital goods from content creators on social media networks. Provide A Peer-to-Peer monetization Platform that provides direct micro-payments to content creators and premium users on GistHouse and other Social Media Platforms. We recognize that proposing such a system is quite simple, and that building, testing, and refining it is another matter. We aim to provide utility, content and support for creators and users alike from the get-go. We will have a Creators and Users rewards program in place within the first 3 months of introducing the beta version of the GistHouse to the public. A GISTCOIN wallet is an application used to store and transact GISTCOIN with other users. Web-based wallets store your coins online, which is convenient as you can access them from any computer. Gistopia Exchange is a peer-to-peer crypto currency exchange. We will create our own GISTCOIN exchange where users can buy and sell GISTCOIN, Bitcoin and other major crypto currencies to and from each other. Users, called traders, create the request for buying and selling with the price they want to offer.
For more information about our token distribution event visit https://gistcoin.io/ More Bonus tokens for Website signup and/or token purchase! Details can be found here: https://beta.bounty0x.io/host/bounties/1986311
Official Link:
Reddit: https://www.reddit.com/user/gistcoin
Twitter: http://twitter.com/gistcoin360
Facebook: https://www.facebook.com/Gistcoin-110077094675767
Telegram https://t.me/gistcoin
Instagaram: https://www.instagram.com/gistcoin
LinkdIn: https://www.linkedin.com/company/75067525
YouTube: https://www.youtube.com/channel/UCeimgEwf9bk5C5C7gtPjpFg
Alpaca Finance @AlpacaFinance Dear alpacas, check out what we've worked on in September: https://medium.com/alpaca-finance/alpaca-finance-september-2021-recap-ad1acc274ba5… #DeFi #yieldfarming #Binance #BSC #BNB #crypto #NFT #GameFi #BinanceSmartChain #cryptocurrecy
Alpaca Finance @AlpacaFinance
Dear alpacas, check out what we've worked on in September: https://medium.com/alpaca-finance/alpaca-finance-september-2021-recap-ad1acc274ba5… #DeFi #yieldfarming #Binance #BSC #BNB #crypto #NFT #GameFi #BinanceSmartChain #cryptocurrecy
Alpaca Finance September 2021 Recap
September was marked by continued expansion by Alpaca Finance. In major highlights, we integrated with a new major DEX (MDEX), and launched 10 new farms and 8 new Grazing Ranges. Among those, we hosted our first Long Term Grazing Range with Scientix that racked up as high as 250Mn TVL on its 2nd day of launch, and helped LatteSwap do a fair launch out of stealth to get as much as 1.3Bn TVL on its 2nd day of launch. On the product development side, we also added a PnL feature, partnered with a new insurance protocol, and announced secret NFT and GameFi projects that we had been working on behind the scenes.
📈By The Numbers
We didn’t expect it, but according to Dapp.com, Alpaca Finance became the #1 protocol across all chains with the highest volume transacted to its smart contracts (i.e., the amount of tokens spent on the protocol), beating UniSwap, and Aave. ALPACA also remained the most traded BSC ecosystem token in terms of 7-day volume, and we won the Binance Smart Chain Gravity Medal for our trading volumes. The number of ALPACA holders increased 11% month-over-month to 53,800 holders. Our MCAP/TVL ratio also remains among the lowest compared to top DeFi protocols.
🌾MDEX Integration & New Farms
We were very excited to announce integration with MDEX, our third DEX partnership after WaultSwap and PancakeSwap. MDEX is the second-largest DEX on BSC with a TVL of $1 billion+ and hundreds of millions in daily trading volume. The partnership will help increase utilization of our lending pools, provide users with higher yields, and increase our buyback & burns. To start, we launched four MDEX farms:
BTCB-USDT (3x) 60% APY
ETH-USDT (3x) 78% APY
MDX-BNB (3x) 43% APY
MDX-BUSD (3x) 342% APY
We also launched five new PCS farms and one new WaultSwap farm:
PHA-BUSD (2.5x) 456% APY
WUSD-BUSD (4x) 19% APY
NAOS-BNB (2x) 368% APY
MBOX-BNB (2.5x) 17.7% APY
DVI-BNB (2x) 5.6% APY
QBT-BNB (2x) 643% APY
We have plans to launch additional new MDEX farms, and will continue to add farms with our other DEX partnerships.
🏅Crypto.com and Other Listings
ALPACA became listed on crypto.com’s wallet, one of the largest exchanges for Western users. We also got ALPACA listed Indodax, VCC exchange, SwapZone, GuardaWallet, ChangeNOW, AveDex, and Zapper. A full list of CEXes and DEXes where you can buy ALPACA is available in our Alpaca Academy Lesson 0.
🌿New Grazing Ranges
In September, we launched our first Long Term Grazing Range pool with Scientix, which may last many months or years. 5% of all SCIX tokens will be reserved for this farm. Through this partnership, Scientix was able to gain as much as 250Mn TVL by its second day of launch.
We also hosted our first LaunchPad Grazing Range Pool with LatteSwap which generated 1.3Bn TVL by its second day of launch. We also launched Grazing Range pools with Qubit Finance, Dvision Network, NAOS Finance, Kalata Protocol, Alium.Finance, and Phala Network. PMON and PHA Grazing Range pools were further extended by one month.
On our Grazing Range, users can stake ibALPACA to earn rewards in our partner’s token. Those who staked 500/5000/50,000 (3 tiers) ibALPACA into the Grazing pools within 24 hours of its inception and for 27 days will earn a special NFT. To learn when new Grazing Ranges will launch so you can get the NFT, follow our Twitter.
🎭New NFTs
We released Episode 4 of our NFT animated series, Little Al and the Magical Alpaca Farm, eligible to those who staked their sALPACA during the Stronk Vault’s entire second month ending in May, 2021.
We also gave out a Grazing Range NFT for a campaign that finished this month— PMON (Polychain Monsters).
We gave NFTs to those who participated in our CN Fireside Chat on Bihu and those who played Crypto Pictionary during our Alpaca Game Night, hosted on Saturdays on our Discord.
We also hosted many AMAs this month and gave unique NFTs to those who participated in our AMAs with Coin98, Game of Bitcoins, CryptoGo, NAOS Finance, Binance ID, Binance CN, CoinF, CFL Venture Group, Binance Ukraine, Binance VN, Binance, MEXC VN, CryptoFi Vietnam, Binance NZ, Sophy Cherie, Binance KZ, GITB, and Binance IN.
All NFTs can be viewed on Project Galaxy and traded on the secondary market on Treasureland.
😊New Features and Improved User Experience
We added a new PnL feature to all active positions. This feature will track your entry date, entry prices, and profits/losses of your Equity Value, Position Value and LP Amount, among other metrics. This is yet another innovative leveraged yield farming feature only available only Alpaca Finance, and one we believe can greatly enhance the user experience for farmers.
We also added Vietnamese to our Docs, as well as Spanish, Italian, and Hebrew to our App. We’ve also added subtitle support in 20 languages to our Strategy 2 YouTube video. The Herd is spreading across the world!
🎮Introducing Alpaca Finance GameFi
At September’s end, we announced one of the bigger projects we’ve been working on behind the scenes — an Alpaca Finance game, along with a 10,000-piece Alpies NFT collection that will form the foundation of the game. 5000 Dauntless — relentless capitalists with a fierce focus on execution— will go on sale Tuesday, October 19th on BSC. 5000 Dreamers— idealistic builders trying to create a financial utopia — will go on sale Wednesday, October 27th on Ethereum. Details, including why we decided to create the game and how it will add value to Alpaca Finance, are in this article.
🔥Buyback & Burn
In September, we burned a total of 871,552 ALPACA (~$788,000), representing an average weekly burn of 217,888 ALPACA, making ALPACA well on its way to becoming a sustainable deflationary token. We will continue to expand and find new ways to increase our burns (e.g., like our Alpaca game above) to bring long-term value to all ALPACA holders.
👨👨👦Twitter Spaces Fireside Chats
We hosted two more fireside chats with our Head of Business Development James, our Head of Strategy and Marketing Sam, and our Head of Institutional Growth Pete. Hear their thoughts on all things DeFi, including current market conditions, multichain growth and development, institutional investments, VC involvement, and Alpaca news, such as our latest partnerships with Scientix and LatteSwap.
2nd Fireside Chat: YouTube link
3rd Fireside Chat: YouTube link
📚New Learning Material
We released our Alpaca Academy Lesson 5 to give young alpacas deeper insights into the concept of impermanent loss.
🔒Security
Alpaca Finance was again ranked in the top among BSC protocols in terms of security, as analyzed by GenX Analytics.
Alpaca Finance became one of only three protocols on BSC to join Priority ONE’s $10 million bug bounty program hosted by Immunefi. These incentives are part of our long-term goals to establish ironclad security for our platform.
Finally, we partnered with InsurAce.io, our second insurance partnership in addition to Nexus Mutual. With InsurAce.io, users can buy low-cost insurance coverage on their assets on our protocol and other protocols (and also across chains). Details are provided here.
📰Other News & Partnerships
Several other Alpaca partnerships include:
- Integration with KingData, which allows you to see how Alpaca Finance’s APYs compared to hundreds of protocols on multiple chains
- Integration with Bubble Maps, which allows you to visualize wallet interconnectivity among the top 150 ALPACA holders
- Integration with Pacoca.io, which lets you track assets and invest in yield-optimizing vaults
- A Learn & Earn campaign with VCC exchange
- Featured in a Project Spotlight event on Dvision Network
- Conducted AMAs with Coin98, Game of Bitcoins, CryptoGo, NAOS Finance, Binance ID, Binance CN, CoinF, CFL Venture Group, Binance Ukraine, Binance VN, Binance, MEXC VN, CryptoFi Vietnam, Binance NZ, Sophy Cherie, Binance KZ, GITB, and Binance IN.
Next Steps
Allowing users to borrow undercollateralized loans for farming is a capital-efficient business model with long-term sustainability, and we will continue to strive to make Alpaca Finance among the best protocols in DeFi. We’re always taking many small and large steps towards this goal, as exemplified above.
As always though, our first priority is security, making sure any features we develop or partners we work with are thoroughly vetted and safe for our users. Since we launched in the beginning of this year, our users have continuously trusted us with over $1 billion dollars of their funds, which is why security is one point we’ll never compromise on. As a result, features take a bit longer for us to develop than other protocols, and with how many things we’re working on and the changing crypto landscape, it’s very difficult to avoid an occasional feature running over schedule.
Even so, we continue to be one of the fastest developing teams in DeFi. With strategic features like AUSD, we’re developing them in private repos, but they’re coming soon, and the journey is only just beginning. We’re working on many big things for Q4 and 2022, and will update our roadmap this week to share those with you all. We welcome you to follow our Twitter for the exciting news to come.
Alpaca Finance
Leveraged yield farming made-simple on Binance Smart Chain
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Tuesday, October 5, 2021
CHINA BAN BITCOIN! Exchange #3??? Crypto.com $CRO #38 with Credit card, stake rewards, defi exchange and highly advertise in sporting events and online. (even reddit.) Undervalued? (x-post from /r/SatoshiStreetBets)
https://www.reddit.com/r/SatoshiStreetBets/comments/q2dwyy/china_ban_bitcoin_exchange_3_cryptocom_cro_38/
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