IKONIC will allow fans to own and share the finest moments in esports history and will give fast-growing multimillion-dollar esports events and businesses a new way to connect with their audience.
Video clips of the most insane and spectacular gaming feats will be easily mintable into NFTs with just a couple of clicks. And with a click or two more, they will be listed and ready to trade on IKONIC’s marketplace.
#IKONIC #CRYPTO #BSC #BINANCE #BITCOIN
The innovative NFT event will take place in Latin America and soon travel around the world, showcasing a new way of thinking and conceiving art.
A true artistic revolution is approaching through Vibrant, an event that provides a unique experience with NFTs front and center of impressive exhibitions. Closely linked to the revolution of NFTs erupting as artistic pieces, Vibrant’s novel concept of art has surprised and inspired the community.
Vibrant’s debut will be symbolically held at an Argentinian museum, merging architecture of old with contemporary digital art concepts. The space will be technically enhanced in various ways, including mapping, lighting, screens and immersive experiences.
Paintings from the turn of the 20th century will be juxtaposed with NFTs that have their sights set on a new skyline. Past and future I’m will be intertwined into a harmonious coexistence of both visions, resulting in a new artistic phenomenon.
#nft #crypto #metaverse #blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #vibrant
1) A Review of rUSD Following Recent Events
The recent LUNA/UST collapse was highly unfortunate for DeFi investors and users. In light of this event, it is important for users to understand that rUSD, which is overcollateralized, does not contain any of the same risks faced by UST.
rUSD is minted using a wide range of collateral, including BTC, ETH, BNB, CAKE, RAMP and more. In times of stress, and using liquidations where necessary, the RAMP protocol has since inception, ensured that rUSD remains fully collateralized in value.
Going forward, we expect the general environment to remain challenging for collateralized stablecoins, due to (i) increased risks for LPs as a result of highly imbalanced liquidity pools, (ii) constant LP reward emissions in the face of a market contraction and (iii) growing regulatory scrutiny by global governments.
The transition of RAMP to Lever Finance is expected to play a positive role in mitigating these headwinds for the protocol, team and community.
Notwithstanding the broad market fluctuations, Galaxia Labs’ focus on driving financial innovation and building new user-centric products has not changed. Funding has been secured with sufficient project runway to get through the next few Bitcoin halvings, bull and bear markets, and beyond.
Galaxia Labs team reaffirms out commitment to build and develop innovative solutions for the Web3 community, starting with Lever Finance, and will subsequently expand to include Web3 infrastructure, user tools, NFTs, GameFi and SocialFi.
We believe that our unwavering focus to build, even in the midst of market contractions, will eventually bear fruit once macro conditions inevitably recover.
Subject to future market conditions, new products may be launched as token projects or simply as fee-generating utility solutions (non-token), with value to be accrued towards token holders in the form of airdrops, token buybacks, incentives and more.
As we have received questions around the development progress of LeverFi, we are providing a quick development update for the community.
The main LeverFi Github repository was started in April 2022 following the closure of community voting, and have received steady commits since inception.
Github repositories are set as “Private” and not visible to public users, and will only be set to “Public” after code audits have been completed by reputable auditors.
Indicatively, the LeverFi smart contracts remain on track for a late June code audit with auditors, as provided in the Transition Timeline article.
The RAMP to LEVER token swap proposal has been submitted Binance, and is currently under review.
Note that the outcome is still subject to Binance’s evaluation and agreement, and is not yet confirmed as at time of writing this article.
The code for the LEVER token contract and token swap contract have been completed and audited by Peckshield. These audits are publicly available in Github: https://github.com/LeverFi/leverfi-token/tree/main/Audits
The LEVER token is not yet in circulation. Please do not interact with any LEVER tokens until an official announcement has been made via official channels.
2022 is set to be vastly different from the past two years, and it is important for all of us to recognize that things have changed (again), and many assumptions that were valid up till recently no longer hold true today.
With a tightening macro outlook, increasingly sophisticated phishing attacks/hacks, and the Web3 ecosystem undergoing daily stress tests, we urge our community and users to continually exercise caution and keep risk management at the top of mind when it comes to wallet security, contract interactions and capital deployment. This too shall pass, and a new dawn will rise again.
The Bitcoin Investing Course is an 8-module course taught by Cryptocurrency analyst and trader Rekt Capital, aimed at helping you time Bitcoin Bull Markets and Bear Markets with the aid of cutting-edge data science and exploratory valuation tools.
Rekt Capital’s previous “Technical Analysis”, “Risk Management”, and “Altcoin Investing” courses all have an overall rating of 5 out of 5.
8 Video Lectures
This densely-packed course features Rekt Capital’s unique cutting-edge research that really makes a difference to you as an Bitcoin trader and investor. Complex market phenomena are distilled into precise, actionable insights that will help you better navigate the Bitcoin market.
3 x BONUS Tutorials From Rekt Capital’s Previous Courses
Early birds of the Bitcoin Investing Course will receive 3 x Bonus Video Tutorials from Rekt Capital’s previous courses: “Trading View: My Setup, Tips and Tricks” from the Technical Analysis course, “Portfolio Structuring and Diversification” from the Risk Management course, and “Altcoin Hype Cycles” from the Altcoin Investing course.
ABOUT REKT CAPITAL
Rekt Capital is a cryptocurrency trader and analyst and author of the Rekt Capital Newsletter – a Top 5 Crypto newsletter on Substack globally. His market research and analysis has been featured in Forbes, CoinTelegraph, Real Vision, Hackernoon, BraveNewCoin, and Medium’s largest publication The Startup.
Who Should Take Bitcoin Investing Course?
Anyone who is interested in improving their understanding of the Bitcoin market and learning strategies to navigate it profitably and effectively will find the information presented in this course incredibly valuable and practical.
This densely-packed course features actionable insights that will really make a difference to you as to how to trade and invest in Bitcoin. It has been designed for those looking to learn about how to better navigate the Bitcoin market without spending countless hours on independent research.
The cutting-edge insights covered in the course are complex and intellectually challenging but are presented in an easy to follow, digestible manner.
How Will Bitcoin Investing Course Help You?
Lecture 1 – Bitcoin Market Cycles
This lecture introduces Bitcoin Market Cycles and why you should learn about them.
Rekt Capital discusses the various patterns and tendencies that historically recur in Bitcoin price cycles.
In this lecture, Bitcoin’s cyclicality is explored with the aid of valuable time-tested technical indicators as well as detailed price action analysis.
Grasping the principles that govern these cycles will tremendously improve one’s ability to effectively navigate the Bitcoin market and manage their Bitcoin investment.
Lecture 2 – Bitcoin Halving Effect On Bitcoin’s Price
This lecture will explore Bitcoin’s historically recurring price tendencies prior to and after its Halving event.
Learn about recurring pre-Halving retracements, post-Halving re-accumulation, and other useful pre- and post-Halving Bitcoin price tendencies to better navigate periods of price appreciation and price depletion that are heavily influenced by the Halving event.
Lecture 3 – Bitcoin Bull and Bear Markets
This lecture focuses on segmenting Bitcoin Market Cycles into periods of low- and high-profitability.
You’ll learn how to identify periods of maximum macro financial opportunity in Bitcoin as well as periods of macro maximum macro financial risk and learn how to position yourself accordingly.
Rekt Capital shares metrics he personally finds useful in determining topping-out signs in Bitcoin macro uptrends.
Lecture 4 – Stock To Flow Model and Bitcoin Price Deviations
This lecture will focus on deviations in Bitcoin’s price both beyond and below the Stock to Flow line.
Upside deviations will be examined in an effort to deduce the key historically recurring characteristics that precede Bitcoin Bull Market price peaks.
Downside deviations will be discussed so as to learn more about the macro signs that emphasise the maximum point of financial opportunity for Bitcoin investors.
Rekt Capital will examine both upside and downside deviations across different versions of the model. This will be done to arrive at a well-researched conclusion that sufficiently addresses where Bitcoin could peak in this current Bull Market and where could it bottom out in the Bear Market that follows.
Lecture 5 – Stock To Flow Model Variance
Learn how to recognise the point of maximum financial opportunity for Bitcoin with the aid of cutting-edge data science.
In this lecture, Rekt Capital reveals how he utilises significant changes in Stock to Flow Model Variance to precede both generational bottoms as well as generational tops in Bitcoin’s price.
Lecture 6 – Pi Cycle Top Indicator
In this lecture, you’ll gain an understanding of an impending peak of a Bitcoin Bull Market and by the same token – confirmation of a new Bear Market.
Here, the Pi Cycle moving averages will be thoroughly examined for recurring behaviour across history in pinpointing Bitcoin Bull Market peaks. Concepts covered include using the MAs for bullish/bearish trend confirmation, Rate of Change, shifts in MA curvature, Pi Cycle Crossovers, and so much more.
Discover sophisticated principles that will help you identify segments of maximum financial opportunity in Bitcoin’s price.
Lecture 7 – Bitcoin Mid-Cycles
In this lecture, you’ll learn how to identify mid-cycle periods in Bitcoin’s price action.
Rekt Capital shares historical analysis on Bitcoin’s mid-cycle in an effort to deduce the technical price tendencies that recur across market cycles.
Learn how to anticipate realistic scenarios for Bitcoin’s price progression and how to set level-headed expectations as how Bitcoin could potentially behave based on where in the market cycle it resides at any given moment.
Lecture 8 – The Evolution of The Four Year Cycle
In this lecture, Lengthening Cycles theory is thoroughly examined in how it disrupts the Four Year Cycle perspective.
Rekt Capital shares how lengthening cycles will impact future cycles, specifically how and when the Bitcoin Bull Market top may form, how the subsequent Bear Market downtrend could progress thereafter, and where this Bear Market bottom may ultimately take place.
But Rekt Capital goes a step further and looks to the distant future to address how the next few years in the Four Year Cycle will look like, even with lengthening cycles at play.
More, the effect of lengthening cycles on future Bear Market corrections is closely examined. Ultimately, lengthening cycles are discussed in an effort to better pinpoint periods of maximum financial risk and maximum financial opportunity for Bitcoin investors.
DOWNLOAD: https://courseamz.com/rekt-capital-bitcoin-investing-course/
Part of the HODLFIRE lifestyle is to HODL and Earn.
There is an opportunity cost and risk to both. But maybe more risk in Earn right now.
The market is turbulent. And there is a very high possibility that many people are over leveraged, including exchanges and earning platforms.
What I'm suggesting, is that they may have IOU bitcoin on their balance sheet.
And if there was an event that caused a large withdraw of bitcoin from 3rd parties in 1 go, a lot of people are going to be scrambling to acquire actual BTC to repay obligations.
The thing I like about this, there is a good chance that drives the price up. And it possibly highlights that the demand is much higher than the price represents right now.
My recommendation. Have no more on exchanges than you are willing to lose. Especially bitcoin. Because unlike ETH, SOL and 99.99% of all the others, no one is printing more to fix any short falls.
Shit's real right now.
Is the small amount of interest worth the risk.
Seriously think about it. Might be worth exiting any terms now.
✊🔥
Even though the slip was small last week, American mortgage applications fell again week-on-week taking this downward trend to nine of the past twelve weeks. Benchmark mortgage interest rates fell for a second straight week.
April data for American durable goods orders came in marginally softer than expected. They rose +0.4% month-on-month to US$265 bln in April, following a downwardly revised +0.6% rise in March.
They are now +10.5% higher than a year ago. This is a sign business spending moderated somewhat. In a good positive sign, orders for capital goods rose more than +14% year-on-year in a rising trend.
The release of the May US Fed minutes revealed that most of their policymakers judged that +50 bps increases in the fed funds rate would be appropriate at the next couple of meetings. They also recorded that a twist to a restrictive stance of policy may well become appropriate, and the timing of that shift will depend on the evolving American economic outlook.
There is an urgency here that they want to recover lost ground as inflation has burst on them faster than they expected. But markets seem unconvinced of their commitment, especially as those minutes hinted a late 2022 pause may be needed.
There was another large US Treasury bond auction a few hours ago, this one for their 5yr bond, and this one very well supported too. Like yesterday's, median yields are slipping. Today's came in at 2.66% compared to the prior equivalent event a month ago at 2.72%.
The American federal budget situation is being repaired fast. This year's deficit is expected to be under US$1 tln, a sharp improvement from the -US$2.8 tln last year.
Recall it hit -15% of GDP at the end of the Trump presidency. This year it may have recovered to -5% of GDP. Still, surpluses don't seem to be on the horizon any time soon.
China seems to be going the other way, worried things are slipping into dangerous territory. In a huge teleconference attended by 100,000 local officials, Premier I warned China's economy is facing the risk of "sliding out of a reasonable range"... "for an economy as large as China, once the economic operations fall out of a reasonable zone, it will take a long time and huge costs to bring it back," he is reported to have said.
Meanwhile, President Xi is nowhere to be seen dealing with the growing economic crisis. He is meeting with security officials.
In Australia, the incoming administration is warning that their federal financial situation is worse than they expected, and with the RBA about to raise interest rates as inflation zooms, they are additionally constrained on spending plans over and above their election promises.
They are saying economic pain could be with them for some time to come.
The UST 10yr yield will start today at 2.75% and little-changed. The UST 2-10 rate curve has flattened slightly to +25 bps and their 1-5 curve is little-changed at +74 bps. Their 30 day-10yr curve is also marginally flatter at +220 bps.
The Australian ten year bond is now at 3.23% and down a mere -1 bp. The China Govt ten year bond is marginally softer again at just under 2.80%. But the New Zealand Govt ten year is up +6 bps at 3.55%.
Wall Street has marked time today with the S&P500 up +0.3% in late Wednesday trade. The NASDAQ has recovered some of yesterday's dump. Overnight, European markets were all up about +0.7%. Yesterday, Tokyo ended down -0.3%, Hong Kong recovered +1.2%. Shanghai closed up +0.7% with a late surge.
The ASX200 ended its Wednesday session up +0.4%, while the NZX50 fell -0.7% on the day.
The price of gold is lower today, down -US$14 since this time yesterday at US$1851/oz.
And oil prices are virtually unchanged today and still just on US$109.50/bbl in the US, while the international Brent price is still just at US$111.50/bbl.
The Kiwi dollar will open today little-changed against the US dollar, now at 64.6 USc. Against the Australian dollar we are firmer at 91.4 AUc. Against the euro we are also firmer at 60.6 euro cents. That all means our TWI-5 starts today at 71.5 which is up +20 bps from this time yesterday.
The bitcoin price has risen +1.7% from this time yesterday and is now at US$29,788. Volatility over the past 24 hours has been modest at +/- 1.9%.
Source: Interest .co .nz
Thank you for participating! This quiz will test your knowledge of nodes and their role in a blockchain. Use the following information, as well as general knowledge, to correctly answer the attached quiz.
Users that answer all 15 questions correctly will be eligible to split a prize pool of 100 USDT in bonus (pending risk review). MAKE SURE YOU ARE SUBSCRIBED TO r/BYBIT!!! Please take care when providing your UID, as this cannot be edited after submission, and failure to provide a correct UID will result in forfeiture of your prize.
A node is a point in a network that either distributes data to other nodes in the network or is an endpoint of a network. A typical blockchain node may be interconnected to several other nodes in a network.
In a blockchain, the node is usually a device such as a computer, laptop or server. Blockchain nodes can perform a lot of different functions, such as validating or rejecting a block of transactions. A node can also save and store the transaction history inside a block. Similarly, it can distribute the transaction history to other nodes for safekeeping and future reference.
But what exactly is blockchain?
Blockchain technology has become immensely popular because it is thought to be tamperproof. Besides offering a secure environment for financial transactions, a blockchain network is self-regulating, which prevents unauthorized intervention and manipulation.
Whenever a transaction takes place on a blockchain, the record of the transaction is recorded and distributed to every node in the network. The transaction is recorded on a block. A block can contain records of millions of different financial transactions.
Since a copy of the financial record is distributed to every node in a network, it’s almost impossible to manipulate the record of a financial transaction. This is because the person attempting the manipulation would need to change the record kept across thousands of nodes. In theory, the system will catch any manipulation because the unauthorized change will not correspond to the record kept across the network.
Due to the decentralized nature of a blockchain network, the system automatically authenticates a financial transaction. In the first step, the transaction is authenticated by the user, who employs a private and public key to access the network. In the second step, a block is created, representing the transaction. Subsequently, the record of the transaction is sent to every blockchain node in the network.
Once the transaction is agreed upon between the user, the node will validate the transaction. If a majority of nodes validate the transaction, it is added to the existing blockchain. Any updates are also distributed across the network, which completes the transaction cycle.
A blockchain node is a device on a blockchain network, which keeps a copy of the transaction on the network and may perform essential functions such as validating and authenticating a transaction.
Based on the specific role of a blockchain node, it can:
The role of a specific type of node may differ from that of another node. For instance, certain nodes are programmed to validate a transaction, while other nodes are only responsible for recording the transaction. Sometimes, a node also shares the data with other nodes.
Nodes are also classified based on their availability. An “online node” is one that continuously sends updates to the network. It is always active. In contrast, an “offline node” is not always connected to the network. When connected, these offline nodes are required to download and update a copy of the ledger in order to remain in sync with the network.
It’s also important to remember that each node has a unique identifier attached to its device. This unique ID allows users to identify a specific node in a network. As keepers of records, nodes ensure that everyone can access a transaction record without any type of restriction. Users can easily track a transaction on the blockchain using its ID.
Overall, nodes are critical to a blockchain network because without them the blockchain would cease to exist.
Nodes help secure the blockchain by keeping the record in sync with the latest transactions. Due to a large number of nodes, it’s practically impossible for a hacker to make changes and remain undetected. The data is secure because a hacker cannot delete data copied across thousands of different nodes.
Power outages, hacks, and system crashes do not pose a threat because the data is not limited to any single node. In case of a problem, the availability of other nodes ensures that the network continues to operate as normal and users can access the required resources.
The blockchain network can also sustain itself in a global crisis. In fact, you only need one node to keep an entire blockchain operational. Even if every single node goes offline, you will need only one node to restore the entire network. From an operational perspective, nodes are the backbone of blockchain. Without a node, the network will not survive.
Blockchain networks may contain various types of nodes. These include full nodes, light nodes, supernodes and lightning nodes. (You will also come across other nodes, such as VeChain authority nodes, master nodes, pruned nodes and mining nodes.)
Here is a brief overview of some of the most important types of nodes:
Full nodes contain the complete history and information pertaining to every block since the first transaction took place on the platform. Full nodes form the backbone of a blockchain because they’re vital to completing the transaction. Whenever a transaction is initiated, every single node on the entire blockchain verifies and authenticates the block.
Needless to say, there is a lot of data on these nodes. To continually process such a vast amount of data, the node requires immense computing power. At any given time, a blockchain ecosystem may have thousands of full nodes working in tandem. These nodes have specific responsibilities that make them different from other nodes on the network.
One of their distinguishing features is validating the signature in each block transaction. To authenticate a transaction, the node verifies a digital signature. The digital signature is usually the private key used by the sender.
They also have the authority to accept or reject new blocks and transactions. There can be more than one reason to reject a transaction. Blocks that are incorrectly formatted will be rejected. Likewise, duplicate entries and manipulation in records are other reasons for rejection.
Running these nodes allows users to validate incoming transactions without waiting for others to validate them. In some cases, users validating incoming transactions are rewarded for their efforts.
As the name suggests, light nodes contain light or limited information. Instead of storing complete information, a light node contains information related to a particular previous block to which it’s connected. The information is stored in a block header.
Unlike some other nodes, light nodes don’t need to run continuously. They are usually pieces of software that connect to full nodes to access the blockchain when required. In fact, light nodes use full nodes as intermediaries to access the network. They also use full nodes to get information, such as the account balance and requesting the latest headers.
Due to their lightweight operations, these nodes don’t require a lot of storage and resources to run. You can run a light node on your mobile, because 100MB of storage space with low computational power is enough to justify its operations. Most light nodes can sync with the network in a matter of seconds.
Supernodes connect full nodes and help spread information across the network to ensure that everyone has accurate data. Supernodes handle off-chain functionality. They offer validation, authorization, gateway services and support. Besides their normal operations, they also facilitate voting events, compliance with blockchain laws and execution of protocol events.
Supernodes are generally always online. Unlike other nodes, they also require much more power and resources to run. Running a master node means that you have to deal with maintenance, electricity, storage space and memory. As a result of all this overhead, operators of supernodes are compensated in the form of tokens and coins.
Not everyone can run a supernode. Running a supernode requires an upfront investment in equipment and the provision of collateral in the form of cryptocurrency. The security deposit receives interest, but the collateral may be confiscated if you violate the rules of the blockchain.
A lightning node is a node on a lightning network. There are a few critical differences between traditional nodes and lightning nodes. Instead of verifying each transaction on the network, the lightning node validates the transaction by directly interacting with it.
Lightning nodes can also interact with other nodes on the peer-to-peer (P2P) network. The main function of this node is to exchange money with other lightning nodes.
Every transaction is added to the blockchain by a miner. Miners are also known as mining nodes. Every node on a blockchain has the option to become a miner.
There is a huge incentive to become a miner, by adding and verifying a transaction in a blockchain. For instance, any node that adds a transaction to the Bitcoin blockchain is rewarded with 6.25 bitcoins, valued at approximately $300,000 based on the Bitcoin rate of $48,000.
Due to this potentially lucrative opportunity, many miners want to add a transaction. Therefore, Bitcoin blockchain software offers a mathematical puzzle for every mining node to solve. Whoever solves the puzzle gets the opportunity to add the transaction.
Of course, it’s not quite that simple. But this example should provide you an overview of what mining nodes are, and why miners spend considerable time and energy to add transactions to the blockchain. It’s also important to remember that mining rewards differ, depending on the type of blockchain platform.
A Bitcoin node is a part of the Bitcoin blockchain. According to recent data, there are more than 11,500 Bitcoin nodes — and the number is increasing every month.
It’s important to note that there is no definitive method of counting the exact number of Bitcoin nodes, because many nodes are inactive, and a lot of these operate privately. Running a Bitcoin node can enhance security and bolster privacy.
Ethereum nodes are very similar to Bitcoin nodes. Experts estimate that the number of Ethereum nodes has exceeded that of Bitcoin nodes. Running an Ethereum node requires certain administrative skills.
You can run the node in fast, full or light mode. To run an Ethereum client on HDD (hard disk drive), you must have at least 8MB bandwidth, 4GB RAM and a CPU with 2 cores. By comparison, you may need less power to run a full Bitcoin node.
Cardano nodes are also gaining in popularity. These are the top-level nodes that underpin the Cardano network, whose topology is slightly different from Ethereum and Bitcoin because it doesn’t store a copy of transactions on each node. Instead, the system appoints a leader among a collection of nodes, which ultimately verifies and validates a transaction.
As you may have already guessed, running a node on different platforms has different procedures and system requirements. To make things easier, here’s a brief overview of how to run a node on one of the most popular blockchain networks, Bitcoin. This example will give you some idea of how the node is run on such platforms.
To run a Bitcoin node, you’ll need a laptop or desktop that is running a recent version of Windows, Mac OS X or Linux. The computer must have at least 2 GB of free disk space and 2 GB RAM. The system should have access to a broadband Internet connection with a speed of at least 400KB. In addition, you should let your node run at least six hours per day.
You can run the Bitcoin Core on your local machine that has the minimum requirements specified above. To do this, you’ll need to configure the Bitcoin Core client. It can take some days to sync with the blockchain.
Another option is to run the node in the cloud. After setting up an account with Google Cloud or AWS, download the Bitcoin Core and configure the port setting on your computer. There are various other methods to run a Bitcoin node, such as pre-configuring Bitcoin nodes that you can connect to your computer.
You can install the node yourself but technical difficulties can hamper your progress. One way to solve the problem is by getting assistance from a blockchain node provider. These blockchain-as-a-service companies offer the necessary infrastructure, resources and technology to run your node across a variety of platforms.
The provider handles all the responsibilities of the node. Based on your requirements, you can select a network of your choice to run a node.
When selecting a blockchain node provider, it’s necessary to consider the price of outsourcing the operation of a node compared to doing it yourself. You should ensure that the provider offers some kind of security guarantee — because a lapse in security can have serious financial consequences. Also, pay attention to the track record of the node provider and make sure that the service nicely integrates with your product.
Running a blockchain node is perhaps the only way to ensure that you have full control of your node and that you’re following the blockchain rules.
While running a node, it’s easy to create and broadcast transactions without compromising private information. Users can also improve security by keeping their private keys separated from external connections. Beginners and people new to running a node can choose a blockchain node provider to ensure that the entire process is user-friendly and less time-consuming.
