Thursday, October 21, 2021

Eventful 2021

With a bit more than 2 months left to the year, what are some of the biggest events that went by? Here are some off the top of my mind:

  1. NOC/Sylvia saga (ongoing)
  2. Opening of VTLs
  3. TikToker in Rhino enclosure @ Singapore Zoo
  4. Bitcoin ETF, hitting ATH USD $66,000

Etc.


Cardano Rumor Rundown October 21, 2021

Hey Everyone!

Let's go...

Newly covered today:

  1. Cardano 360 is Thursday of next week! https://twitter.com/InputOutputHK/status/1450869552242380800
  2. Three U.S. Senators ask Facebook to discontinue its Novi crypto wallet which just launched. https://www.theverge.com/2021/10/19/22735171/facebook-novi-diem-libra-calibra-cryptocurrency-digital-wallet-zuckerberg-senate https://techcrunch.com/2021/10/19/facebook-scales-back-its-crypto-ambitions-once-again/
  3. There’s a new Frederik Gregaard interview out. https://www.youtube.com/watch?v=uJdRAclhL0Q

Previously Covered but still interesting:

  1. Sebastien confirms that dcSpark is getting a ton of interest from developers wanting to work in Cardano. https://twitter.com/SebastienGllmt/status/1432416579107495942
  2. Charles talks about Cardano compliance functionality and confirms that he perceives heavy regulation coming for DeFi in the next 24 months based on EU and US Treasury comments. https://www.youtube.com/watch?v=3ESn46Hj9Y4
  3. A new John O’Connor interview is scheduled for today (Aug 31). You may want to tune in to get the latest on Cardano’s Africa Operations from the man himself. https://twitter.com/jjtoconnor/status/1432395067185106951
  4. The Public Testnet will be forked to Alonzo today (Sept 1)! https://twitter.com/InputOutputHK/status/1432769865958531080
  5. Some future Cardano dApps have so many followers on twitter that ETH maximalists are publicly expressing their disbelief. https://twitter.com/Southrye/status/1432515727433601024
  6. Even prior to the launch of smart contracts, Cardano is generating quite an impressive amount of transaction fees. https://twitter.com/DCdoso/status/1432761425089470469
  7. The Cardano Testnet has now officially forked to Alonzo allowing Plutus smart contracts. We are on track for the mainnet hardfork combinator event on Sept 12th. https://twitter.com/InputOutputHK/status/1433166757620064260
  8. IOHK is changing their delegation process. They will be taking applications from SPOs and asking that they recommend two other pools based on contributions in terms of building, creating, or educating. https://twitter.com/InputOutputHK/status/1433104060647985157
  9. Another signpost for Cardano DeFi projects. Gary Gensler (SEC Head) tells the Financial Times that in his view DeFi platforms have “a fair amount of centralisation” and “[i]t’s a misnomer to say they are just software they put out in the web...” https://www.ft.com/content/fb126d79-2e60-4002-8aba-b08887fca609
  10. Cardano gets positive coverage on French Television for being “ecological”. https://twitter.com/YoadaStakepool/status/1433127940334792708
  11. Charles is on CNBC talking about how crypto could be used to resist the Taliban in Afghanistan. https://www.cnbc.com/video/2021/09/01/cryptos-will-play-larger-role-in-afghanistan-after-us-exit-ethereum.html
  12. The first solution for custom Cardano wallet addresses seems to be picking up steam. https://twitter.com/adahandle
  13. One of Cardano’s competitors continued to have additional “performance degradation” and “instability” issues on it’s mainnet today (Sept 2). https://twitter.com/SolanaStatus/status/1433438629020454917 https://twitter.com/SolanaStatus/status/1433429598230876173 https://twitter.com/SolanaStatus/status/1367189272797798404
  14. The SEC is investigating Uniswap. This is a very big deal! https://www.wsj.com/articles/regulators-investigate-crypto-exchange-developer-uniswap-labs-11630666800
  15. Another Japanese exchange appears to be adding ADA on the 7th. https://twitter.com/sentosumosaba/status/1433714023468437508
  16. We are always the github champions (again as of Sept 3). https://twitter.com/ProofofGitHub/status/1433822104634408966
  17. Yet another Cardano project drops their account of how they’ve already handled concurrency. https://twitter.com/SundaeSwap/status/1434304535061729281
  18. Here are two other Cardano projects explaining that they’ve already handled concurrency. https://cointelegraph.com/press-releases/cardano-decentralized-exchange-occamx-reaches-key-technical-milestone https://twitter.com/CardanoMaladex/status/1434115402725052418
  19. Only one more week until smart contracts on mainnet (as of Aug 5)! Get your whiskey ready!
  20. IOHK releases a detailed thread on concurrency and upcoming documentation to help quell some of the misinformation currently circulating on this topic. https://twitter.com/InputOutputHK/status/1434518391465943048
  21. Only 5 more days to Alonzo (as of Sept. 7)!
  22. Despite all the negative posting about Cardano smart contracts on eUTxO, it ironically looks like some in the ETH community are actually trying to build ETH L2 on UTXO. https://twitter.com/matiwinnetou/status/1434570158853529606
  23. Here’s a great article on Cardano’s Determinism by IOG’s Polina Vinogradova. https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/
  24. World Mobile has released a new video of towers going up in Zanzibar! https://www.youtube.com/watch?v=uoGx_hwupsc
  25. Charles releases a new video on the Alonzo Update Proposal (on Aug. 7) being submitted so that we can go live on the 12th. He also gives some hints as to his thoughts on the short-term planning of some “flavor of the week” blockchains vs. the long term planning of Cardano. https://www.youtube.com/watch?v=vhujKbMpTEA
  26. Weiss Crypto lays down yet another very positive thread about Cardano. They acknowledge that they can’t see the future of Cardano, but they vehemently reject a lot of the anti-hype. https://twitter.com/WeissCrypto/status/1435261343456768005
  27. Coinbase reveals they received a Wells Notice from the SEC on their crypto loan product. This is relevant for Cardano loan projects. A low professor subsequently posted a takedown of the Coinbase Chief Legal Officer’s view on the SEC notice. https://twitter.com/brian_armstrong/status/1435439291715358721 https://twitter.com/AdamLevitin/status/1435650584271589376
  28. We just saw a record number of daily transactions on Cardano (Sept 7)! https://twitter.com/matiwinnetou/status/1435559731133825031
  29. Messari has updated its “Initial Token Distribution” chart to include a previously missing project and Cardano is still among the very best in the Gen 3 space in terms of broad public coin ownership. https://twitter.com/CryptoIRELAND1/status/1435708439951552513
  30. After lots of criticism of Cardano layer 2 possibilities by ETH maximalists, Vitalik has ironically announced that ETH NFTs need to be moved to layer 2. https://twitter.com/VitalikButerin/status/1435413681588736007
  31. We seem to already have at least five projects who have worked out their approach to eUTxO concurrency. https://twitter.com/SmaugPool/status/1435928968423673859 https://www.yahoo.com/now/cardano-decentralized-exchange-occamx-reaches-163000898.html
  32. Here’s the tweet with the link for the Alonzo smart contract launch watch party tomorrow (Sept 12) at 21:30 UTC. This is going to be fun! Enjoy it, guys! https://twitter.com/InputOutputHK/status/1436325831199141888
  33. A Weiss Crypto analyst calls the smart contract launch an alleged event and also doesn’t realize we already have NFTS. The Cardano community was quick to correct the analyst. Weiss was then also quick to apologize. https://twitter.com/WeissCrypto/status/1436369016545857566 https://twitter.com/WeissCrypto/status/1436402039085576193
  34. There is still the mystery of the lobster. Will it end up being connected to a fun smart contract to be launched tomorrow by IOHK? https://twitter.com/crypto_reflect/status/1435738017608740866
  35. Over 100 smart contracts are already running on Cardano Mainnet! https://twitter.com/IOHKMedia/status/1437821632307994628
  36. One of Cardano’s biggest competitors is once again suffering network problems. This time it started out as just being characterized as (more) “instability”, then they started saying that something had caused the blockchain to “start forking”. This followed their September 2 “instability” and “performance degradation” event. It’ll be interesting to see how well their community tolerates this in the future if it’s happening with their planned slashing model in effect. https://twitter.com/SolanaStatus/status/1437856638279487493 https://twitter.com/SolanaStatus/status/1437757547235131396 https://twitter.com/SolanaStatus/status/1433429598230876173
  37. The Cardano Foundation subtly hints (okay just straight up says) it has some mindblowing partnerships to announce at the Cardano Summit. https://twitter.com/SidneyVollmer/status/1437855888237338627
  38. Gary Gensler says that there are probably many tokens traded on Coinbase that are securities. https://youtu.be/XLc4c7vL3rM
  39. Looks like Cardano Summit segments are being recorded and completed. https://twitter.com/ch1bo_/status/1437803839319691271
  40. In macro news that could impact Cardano & all of crypto, it has been announced that China’s Evergrande Group will not be able to make interest payments on its loans in a few days. https://twitter.com/Reuters/status/1438143063306690560 https://www.bloomberg.com/opinion/articles/2021-09-15/evergrande-gives-china-an-impossible-equation-to-solve-with-its-liquidity-crunch
  41. It looks like we’ll get some news about further collaboration with Baia’s Wine of Georgia at the Cardano Summit. https://twitter.com/ThornhillPublic/status/1438157239982956545
  42. Now one of Cardano’s most highly visible critics is implying that the Cardano community has something in common with anti-vaxxers. Unfortunately for him, it was one of his pet blockchains that was down a few days ago while Cardano just kept healthily trucking right along. https://twitter.com/spudiot1/status/1438402783040790532
  43. Cardano is still crushing it in terms of daily transaction volume. https://twitter.com/Eilert/status/1438521555638644746
  44. We might have gotten a peek at the virtual world that will be part of the Cardano Summit this month. https://twitter.com/IOHK_Charles/status/1438668061813342209/photo/1
  45. Smaug gives us a rundown of how many actual Plutus scripts (19)are running on mainnet vs. timelock scripts (21k) as of Sept 17 and explains simple definitions for both. But, he also mentions down below how many Plutus scripts (213) are reportedly running on “the main testnet” not counting “other Alonzo testnets”. https://twitter.com/SmaugPool/status/1438816898234343432
  46. The weekly IOHK development update is out for Sept 17. https://twitter.com/InputOutputHK/status/1438921968590499843
  47. Now the TX and NJ state securities regulators are after Celsius for crypto loans (BlockFi already got this treatment). Cardano loan projects should probably take note. https://www.njoag.gov/new-jersey-bureau-of-securities-orders-cryptocurrency-firm-celsius-to-halt-the-offer-and-sale-of-unregistered-interest-bearing-investments/ https://www.ssb.texas.gov/sites/default/files/2021-09/20210917_FINAL_Celsius_NOH_js_signed.pdf
  48. After the Senate hearing on Tuesday September 14th, Gary Gensler (SEC Chairman) gave a quote to a crypto publication indicating that custodial lending and possibly even staking platforms might be considered securities. This is very relevant for Cardano since it has non-custodial staking whereas many of its competitors have the kind of custodial staking that Gensler may have been contemplating. https://www.theblockcrypto.com/post/117675/crypto-lending-staking-custody-gensler-sec
  49. New IOHK blog entry on Hydra (Sept 17)! https://iohk.io/en/blog/posts/2021/09/17/hydra-cardano-s-solution-for-ultimate-scalability/
  50. It looks like we may get an announcement of a new Cardano/COTI product at the Summit. https://twitter.com/theCOTIinvestor/status/1439551052764925957
  51. We’re inching closer to the 500 votes required to name the lobster. https://twitter.com/Ada4Soil/status/1439745733079355394
  52. Here’s a great description from Sebastien on where ADA staking rewards come from. https://twitter.com/SebastienGllmt/status/1439542246764793857
  53. Apparently the SEC is now serving crypto people at crypto conferences. Gensler is getting serious. https://twitter.com/gogoSlava/status/1439972015910408195 https://mainnet.events/agenda-2021/
  54. Accusations of wash trading surface in the Cardano NFT scene. https://twitter.com/mintaCNFT/status/1439752114276904960
  55. Christine Lagarde (European Central Bank President) goes on the offensive and tries to tell the world that cryptocurrencies are not currencies. https://twitter.com/BloombergTV/status/1438498107965288449
  56. DIGI tweets out a great infographic explaining how Hydra layer two solution works. https://twitter.com/DIGI_StakePool/status/1440322046869737482
  57. Senators Lummis & Sinema are planning to introduce a bill for responsible innovation in crypto. Caitlin Long says it will focus on (1) definitions to clarify regulatory jurisdiction, (2) consumer protection, (3) digital asset custody requirements https://twitter.com/CaitlinLong_/status/1440327869293465600
  58. The Hoskinson Center for Formal Mathematics has been established at Carnegie Mellon. Given the blockchain activity at the university it seems like the Cardano founder having ties there can’t really hurt us. https://twitter.com/IOHK_Charles/status/1440443081183019017
  59. dcSpark is launching a new wallet called Flint that will be able to interact with Cardano dApps. https://youtu.be/dDwuwVR75HU https://twitter.com/SebastienGllmt/status/1440659191731945482
  60. The AWS Exec has clarified his tweet about the Cardano Summit to express that people shouldn’t read too much into it. https://twitter.com/theCOTIinvestor/status/1440662585309745152
  61. There’s a fresh blog and video on the Cardano Smart Contract Certification standards and new Plutus dApp Store. https://twitter.com/timbharrison/status/1440799199684022283
  62. Apparently RuntimeVerification is now in the Cardano audit business! This is awesome to see! We’’ll take some NASA mission-critical level auditing for our ecosystem’s projects. https://twitter.com/SundaeSwap/status/1441077920215310343
  63. The Summit Agenda is now out. https://summit.cardano.org/agenda
  64. dcSpark’s new open source project Fracada will allow you to fractionalize NFTs. https://twitter.com/dcspark_io/status/1441043274911866880
  65. dcSpark has released Fracada which is an open source Plutus dApp for fractionalizing NFTs. https://twitter.com/SebastienGllmt/status/1443011920349462533
  66. The Wall Street Journal runs a Cardano 101 type video on their main youtube channel. https://www.youtube.com/watch?v=GBKnEZYCkTo
  67. Senator Toomey and SEC Chair Powell have an interesting exchange about how a US CBDC should be formulated and how it should be sharing the space with private cryptos. https://www.youtube.com/watch?v=-46kqEn6JLc
  68. As promised at the Cardano Summit, Emurgo has already made seed investments into Milkomeda from dcSpark, Adanian Labs, & ADAverse. https://twitter.com/emurgo_io/status/1442210147405684745
  69. The ecosystem map continues getting bigger and bigger (Sept 29). https://twitter.com/seal_kiman/status/1441418051237425153/photo/1
  70. dcSpark has dropped a new video explaining Fracada and the future of NFTs. https://www.youtube.com/watch?v=8FvKUlh7Fs8&t=4s
  71. The CFTC hits Kraken with a $1.25 Million fine for it’s margin products. Cardano DeFi projects planning to offer some kind of margin trading take note. https://www.cftc.gov/PressRoom/PressReleases/8433-21
  72. In late 2008/early 2009 it turns out Hal Finney was learning Haskell and trying to figure out how to reduce C02 emissions from a (future) widely used Bitcoin. That sounds a lot like Cardano. https://twitter.com/seal_kiman/status/1443593563846193155
  73. Adam Dean gives us a great post-mortem on the network load created yesterday by the NFT drop(s). https://twitter.com/adamKDean/status/1443599818845081600
  74. Wow! It’s looking like Meld has landed a partnership with a mobile provider in Nigeria with nine million customers. Not many details out at this point (Sept 30). But, that certainly sounds like it could be gigantic. https://twitter.com/MELD_labs/status/1443548879966949382
  75. Two factor authentication via SMS once again turns out to be a bad bet. https://bitcoinmagazine.com/business/hackers-rob-thousands-coinbase-customers-sms-mfa-flaw
  76. Grayscale releases a report on Cardano which shocks many due to its (actually) fair reporting. https://twitter.com/Grayscale/status/1443625454146097152 https://twitter.com/cardano_whale/status/1443786596721967104
  77. The Wall Street Journal has dropped a video on stablecoins. A lot of the video surrounds the Tether dollar reserve controversy. It’s notable that Cardano’s Djed solves this. https://www.wsj.com/articles/biden-administration-seeks-to-regulate-stablecoin-issuers-as-banks-11633103156
  78. The Biden Administration has announced they are investigating the prospect of regulating stablecoin providers like banks. https://markets.businessinsider.com/news/currencies/stablecoin-regulation-cryptocurrency-banks-biden-treasury-bitcoin-circle-tether-binance-2021-10
  79. Cardano users on twitter piece together that Charles was talking about visiting u/Pezesha_Africa (in regard to microfinance) in Kenya. This is big because Pezesha operates in countries with a combined population of over $300MM. https://twitter.com/thr33strikes/status/1444898320070086659
  80. Crypto twitter users try to depict US Whitehouse comments out of context to fuel an economic doom narrative. However, if you listen to the whole press briefing, you will understand that these comments were based on a “what if” scenario involving the US debt ceiling somehow not being raised. https://twitter.com/100trillionUSD/status/1445059673401528328
  81. The so-called “Pandora Papers” reveal globally widespread cases of wealth concealment by public officials and bring up the question of whether blockchains like Cardano should take this into account when dealing with nation-state regimes as partners. https://www.icij.org/investigations/pandora-papers/
  82. Remember! There is no mobile Daedalus wallet. There is no browser extension version of Daedalus. These are fakes! They will steal your ADA. https://twitter.com/InputOutputHK/status/1445380773096398853
  83. A human readable address project is launching on Cardano on Saturday at 4pm UTC.https://medium.com/ada-handle/creating-a-fair-beta-launch-discord-community-is-live-7f580cd98235
  84. Brazil is looking to follow the El Salvador example and accept crypto as legal tender with a new bill to be voted within days. While the crypto in question is BTC and not ADA, we can hope that the biggest market cap project is just our gateway drug. https://finance.yahoo.com/news/bitcoin-set-become-legal-payment-154644863.html
  85. The “Zombie Lobster” collaboration between Charles Hoskinson and Paul Oakenfold is actually getting coverage by the EDM media outlets! https://edm.com/news/paul-oakenfold-album-cardano-blockchain
  86. Sounds like we are getting close to the Cardano Summit NFT winners being announced. It’s still unclear how many actual winners there will be. https://twitter.com/InputOutputHK/status/1445672250435248131
  87. dcSpark releases some mockups from the experimental version of its upcoming Flint Wallet. The mockups seem to indicate that the wallet will allow for dApp interaction from hardware wallets. https://twitter.com/FlintWallet/status/1444902727956508674
  88. Charles is interviewed in the Harvard International Review. https://hir.harvard.edu/charles-hoskinson-1/
  89. We now have a PAB (Plutus Application Backend) pre-release. Hopefully that means PAB soon! https://twitter.com/matiwinnetou/status/1446589902674665473
  90. The Biden Administration has revealed that it is considering an executive order to establish a government wide approach to crypto regulation. https://www.bloomberg.com/news/articles/2021-10-08/white-house-weighs-wide-ranging-push-for-crypto-oversight
  91. The New York Times is now talking about the difficult balancing act the Fed has before it with high inflation and less than promising jobs data creating conflicting priorities. https://www.nytimes.com/2021/10/08/business/economy/fed-jobs-full-employment-inflation.html
  92. Representative Tom Emmer clashes with SEC Head Gensler over the direction of crypto regulation. However, it’s unclear how much Rep. Emmer’s solution (his Securities Clarity Act bill) would solve the problem given that it only relieves issuers of securities regulation burdens after they have already complied with the “registration or exemption” hurdle. https://twitter.com/RepTomEmmer/status/1445465912375590913 https://emmer.house.gov/2021/7/emmer-introduces-legislation-to-provide-certainty-for-digital-assets-under-securities-law
  93. Caitlin Long revisits the articles she wrote years ago about fears of circulation credit in crypto markets. Spoiler: it came and crypto did it to itself. https://twitter.com/CaitlinLong_/status/1446874905241210880
  94. COTI is a licensed payment institution in Singapore. This could get very interesting given their status as the issuer of Djed and the ongoing Monetary Authority of Singapore Blockchain Challenge in which Cardano is a finalist. https://cotinetwork.medium.com/coti-lists-as-a-payment-institution-in-singapore-666c6fcaaab4
  95. Goldman says Evergrande is nothing compared to the potential $8.2 Trillion problem with local government financing vehicles in China. https://www.forbes.com/sites/williampesek/2021/09/30/goldman-flags-82-trillion-threat-worse-than-china-evergrande/?sh=3296c9d515cc https://www.wsj.com/articles/beyond-evergrande-chinas-property-market-faces-a-5-trillion-reckoning-11633882048
  96. Cardano isn’t wrong about Africa. It’s just first. Google is investing $1 Billion in African internet access over the next five years. https://techcrunch.com/2021/10/06/google-confirms-1b-investment-into-africa-including-subsea-cable-for-faster-internet/ https://twitter.com/ghostchainer/status/1445964578257395714
  97. SEC Commissioner Hester Peirce (cryptomom) delivers an opinion piece that investors should be allowed to make their own decisions without SEC paternalism. https://www.cnn.com/2021/10/11/perspectives/sec-commissioner-investors-regulators/index.html
  98. COTI has another AMA that reveals there may be more news soon for Djed. https://twitter.com/theCOTIinvestor/status/1447546724868935684
  99. Heads up: scammers are posing as Yoroi support staff! https://twitter.com/YoroiWallet/status/1446554949782016009
  100. Catalyst Fund 6 has 711 projects on the ballot! https://twitter.com/InputOutputHK/status/1448015757216976903
  101. Coinbase is launching an NFT market. How will this impact the CNFT scene? Coinbase tells us: “...initial launch will support Ethereum based ERC-721 and ERC-1155 standards with multi-chain support planned soon after.” https://blog.coinbase.com/coinbase-nft-is-coming-soon-join-the-waitlist-today-for-early-access-cc7bac29fd72 https://www.cnbc.com/2021/10/12/coinbase-is-launching-a-marketplace-for-nfts.html
  102. Eric Rosengren (who recently left the Boston Fed) let’s us know that the Fed/MIT CBDC project is pretty far along and will release a working paper soon. This would obviously be impactful for all of crypto and for Cardano. https://youtu.be/ivqFo9C2Jdo?t=409
  103. The first project that actually looks like it may one day be a virtual world launches on Cardano and it already has a community built parcel explorer. https://pavia.luiscarlos.pt/
  104. SEC Commissioner Hester Peirce (cryptomom) gave a polite but scathing speech at the Texas Blockchain Summit where she laid bare all the problems with the SEC’s current approach to crypto. After her recent opinion piece and this speech, it’s fair to say that she and SEC Chairman Gensler are in open war over crypto. How this gets resolved will determine the regulatory landscape for Cardano and all of crypto going forward. Sadly, Gensler is in charge and not vice versa. https://twitter.com/HesterPeirce/status/1448011388841037830 https://www.sec.gov/news/speech/peirce-2021-10-08
  105. The Fed may begin tapering it’s Treasury and mortgage backed securities purchases in mid November. This is relevant for the whole economy including crypto. https://www.cnbc.com/2021/10/13/federal-reserve-releases-minutes-from-its-september-policy-meeting.html
  106. Sounds like the Milkomeda sidechain is making good progress. https://twitter.com/NicoArqueros/status/1448447729689059332
  107. Apparently, Putin kind of accepts that crypto might choose to exist. https://www.bloomberg.com/news/articles/2021-10-14/putin-defends-cryptocurrencies-amid-global-regulation-push
  108. Don’t forget: today (Oct 15) is the October Mid-Month Development Update! https://twitter.com/InputOutputHK/status/1448715241961963520
  109. Sounds like Binance was not allowing ADA withdrawals for some period of time. https://twitter.com/Katsumoto87/status/1449723293632634882
  110. The Cardano Africa Tour has commenced with Charles popping up in South Africa. https://twitter.com/IOHK_Charles/status/1449304264849993731
  111. We got a nice Triple H update from Harrison/Hemsley/Hammond joined by Jan Müller in the October mid-Month Dev Update. We learned that we’ll have a maintenance upgrade toward the end of October and then PAB a few weeks later. This is extremely important since it will finally allow for the last bits of dApp buildout. The PAB is already available on the tesnet. The test dApp the team is using is an NFT marketplace. The team is watching as we see high loads around events like NFT drops. But, the network is reacting as expected. https://www.youtube.com/watch?v=XzdTyV5Jejc
  112. Here’s video of the Fireside chat with Charles, Dynal Patel, and John O’Connor at the Cape Innovation & Technology Initiative in South Africa. https://www.youtube.com/watch?v=vmuJFc5Qrr4&t
  113. A brief update dropped from Charles this morning in Africa. https://twitter.com/IOHK_Charles/status/1450124410095030280
  114. Duncan & Sebastien have an interesting discussion on Github that fuels Cardanophobia on the part of ETH maximalists about three weeks later. https://github.com/input-output-hk/cardano-node/issues/3247
  115. The Cardano Foundation is changing its delegation strategy. They will go from primarily delegating to promote decentralization to a new framework focused on delegating to promote ecosystem buildout. https://forum.cardano.org/t/cardano-foundations-new-delegation-methodology-supporting-the-architects-of-the-future/79594
  116. Shahaf Bar-Geffen gives us some more details about the Djed launch. He says IOHK is doing the coding and COTI is doing the business side. https://www.youtube.com/watch?v=dlPmIgJ0tE0
  117. In the Cap Innovation & Technology Initiative Fireside Q&A, Charles mentioned he is talking to Colossol Labs about the possibility of having the Mammoth DeExtinction Project take place on his bison ranch. There are probably some obvious NFT or tokenization use cases there. https://colossal.com/mammoth/ https://www.youtube.com/watch?v=vmuJFc5Qrr4

~Army of Spies


How to generate returns during the bear market?

In crypto markets, there is a saying: “bulls make money; bears make money too.” Since most of the market wishes for a bull run, many traders and investors feel discouraged when prices fall. It’s easy to get caught up in the doom and gloom of lower prices, but there are still some ways you can generate returns on your investments in a crypto bear market. Read on to know how! 

What Is A Crypto Bear Market?

In general terms, a bear market describes a prolonged period of decline in the overall market prices. In a crypto bear market, the prices of major currencies will continue to decline for an uncertain period.

A bear market isn’t necessarily triggered by any specific event. Instead, it is usually caused by numerous negative factors within the market, including high inflation and uncertainty about the future prices of the coin or token.

This decline in prices often affects all major cryptocurrencies, leaving many traders wondering if they should continue to HODL or cut their losses and sell. We will discuss how you can generate returns during this bear market throughout this article.

A disclaimer before we begin: it’s important to remember that bear markets are unpredictable by nature, so there is no guarantee that any strategy presented in this post will be successful for everyone. If you use these strategies, do so at your own risk. With that being said, let’s get started!

What should an investor do in a cryptocurrency bear market?

Make the right buys

When a bear market begins, it is often difficult to determine which cryptocurrencies will emerge as winners. Even more so, it’s almost impossible to predict which cryptocurrencies will decline the most.

It is often recommended that investors make small investments in a range of different coins and tokens throughout bear markets. This allows you to capitalize on smaller price movements that could lead to substantial returns if they continue or consolidate into more significant trends later.

Diversify Your Portfolio

The crypto market is extremely volatile, and investing in just a few cryptocurrencies can be risky because these projects often go through dramatic ups and downs, sometimes without any apparent reason at all. Diversifying your portfolio reduces this risk by distributing your capital among multiple tokens across various sectors. 

This process helps reduce your exposure to the volatility of individual coins or tokens while increasing your chances for solid returns. In the long run, diversifying your portfolio can often generate better returns than just investing in a few coins or tokens that you believe will take off.

Keep up with news and updates

In a bear market, it can be easy to get wrapped up in price movements and lose sight of everything else going on within the industry. It’s important not to underestimate the power of FUD (fear, uncertainty, and doubt) when prices are low because this can lead to panic selling at the wrong time. To avoid this scenario, make sure you keep up with news and updates surrounding top projects within the cryptocurrency space. This will help explain why prices are declining while also giving insights into which projects have maintained momentum despite the bear market.

Be patient during price declines

This is probably the most essential trait to showcase in a bear market. When prices are declining, your first instinct might be to sell immediately in an attempt to minimize losses. But if you do so without waiting for signs of a rebound, you could end up selling at a low point, which will result in more significant losses than if you had waited it out.

By patiently holding onto your investments, even after price declines occur, you can often take advantage of rebounds that usually follow significant drops. If these opportunities continue into strong uptrends, this can help generate substantial returns for your trading portfolio. Although cryptocurrencies are volatile by nature, and there’s no guarantee that any strategy presented here will be successful or profitable for anyone, these strategies can still be beneficial for those looking to generate returns during bear markets.

Signs and Indicators of a bear crypto market

One important fundament about the cryptocurrency market is that it is primarily driven by sentiment. However, there are also some other indicators of a bear crypto market:

Exchange Inflows

An indicator of negative sentiment in the crypto market is ‘selling.’ Therefore, any intention to sell is a powerful indicator of pessimism around price. If sellers are piling up sell orders, it means that they’re ready to sell the cryptocurrency in question at any price. This can be seen as a sign that the bear market is around the corner since the sell orders are just waiting for buyers to pass their thresholds.

Changes in dormant addresses

Stanley Druckenmiller, a legendary crypto investor, had once said, “Do you know that when Bitcoin went from $17,000 to $3000, 86% of the people that owned it at $17,000 never sold it?” 

This is because a dormant address is one where balance has remained unspent for a significant amount of time, and most people actually believe that crypto has long-term potential. So essentially, they do this: when prices are low, they buy more cryptocurrency, and when prices are high, they sell small portions of their holdings to minimize their losses. All of which can ultimately bring about a change in sentiment.

Miner/treasury outflows

Miner and treasury outflows are also indicative of a bear market. Miners who are in business need to sell their mined cryptos for fiat, which is where the treasury comes in. So naturally, the more a miner or treasury is selling cryptos for fiat, the more likely there’s a bear market going on.

Futures and funding rates

The futures market and interest rates are also indicative of a bear market. The funding rate is the cost that cryptocurrency exchanges borrow money to trade. So naturally, if exchanges borrow money at high rates, it means there’s not much demand for loans. Futures markets are where cryptos can be traded on margin by investors who do not hold any cryptos but wants to benefit from its price movement. If futures markets are active, this implies more buyers than sellers or vice versa, which ultimately helps determine whether there’s a bull or bear crypto market.

The Bottom Line

The bear market in the cryptocurrency industry is a challenging time for many traders. However, there are still ways to generate returns during this period with patience and careful strategy. To do so, you should look out for signs of a bear crypto market, such as an influx of selling activity or changes in dormant addresses that have been inactive for significant periods. If these indicators appear at once or together, a downturn in prices will likely follow soon after, which could present investors with opportunities to buy more cryptocurrency cheaply before they rebound again into uptrends.

One crucial fundamental about the crypto markets is how sentiment-driven they can be; therefore, recognizing when pessimism comes around can help you make decisions like trading on margin (buying cryptos on margin), which can help you generate returns even if the price of cryptos continues to go down.


Today BTC hit another record high, what do you know about the reasons for the rise?

My personal reasons for Bitcoin's rise in recent days: 1. Putin said at Wednesday's International Energy Week event that the cryptocurrency might be considered the country's settlement unit. 2. the New York Stock Exchange joined it (yes, you read that right, the New York Stock Exchange joined it, haha)

  1. With China's all-out boycott and crackdown on cryptocurrencies and the introduction of new policies that make it illegal to hold cryptocurrencies in China, exchanges including Binance and others responded to Chinese policies by completely pulling out of the Chinese market and cleaning up to start a large number of Chinese users, causing a large number of cryptocurrency holders to flock to the West to move their cryptocurrencies to other countries to avoid the clearances, pushing the industry to West, further boosting the business, which is definitely an unexpected gift

Wednesday, October 20, 2021

Lets find more about How do squid shorts occur?

Short Squeeze occurs when loan sellers are trapped and forced to compensate and cover their trading positions. This leads to a sharp rise in prices.

Squirrel shorts are very common in markets that use a lot of leverage. Price fluctuations intensify when too many traders and investors use high-level leverage. So before entering a borrowing position, make sure you know the effects of Short Squeeze.

Now we need to know when the pressure of borrowing positions occurs?

This happens when we see a sudden increase in buying pressure. As you know, selling debt can be a risky strategy. Of course, the point that makes Squiz Shorts such a volatile event is the sudden influx of traders to make up for their debt-selling situations. This involves activating a lot of Stop Loss orders at a certain price level, and at the same time many sellers are closing their trading positions.

It is important to know that squares may occur in any market where borrowing can be sold. At the same time, the lack of options for selling on credit can lead to large price bubbles. After all, if there is no good way to make a profit from lowering the price of an asset, the price of that asset will rise indefinitely.

Introduction What is short squeeze?

A prerequisite for Short Squeeze is a lower number of borrowed sales than borrowed purchases. Usually, if the number of sales is much higher than the number of purchases, there is more liquidity to increase the likelihood of borrowing pressure. That's why borrowing-to-sell ratios can be a useful tool for traders who pay attention to market sentiment.

Some professional traders are looking for potential opportunities to buy shorts and make a profit from the rapid rise in prices. This strategy involves accumulating trading positions before the Short Squeeze occurs and selling at a higher price.

Examples of borrowing position pressure

The occurrence of squid shorts is very common in stock markets. This is usually due to a bad feeling about a company, high stock prices and a large number of loan positions. In the event of unexpected positive and good news, all debt consolidation situations will be forced to buy, and this will lead to an increase in stock prices. As a result, Squid Shorts are more of a technical pattern than a fundamental event

Tesla shares are estimated to be one of the highest-selling debt stocks in history. As a result, its price has risen sharply and may have trapped many borrowers.

Short Squeeze is quite common in the digital currency market, and especially in the bitcoin market. The Bitcoin derivatives market is taking advantage of high leverage positions. These positions may be trapped or cashed with small price fluctuations. Thus, short squares and long squares occur frequently in the BTC markets. If you do not want to be caught during these fluctuations or your trading position is not criticized, carefully consider the amount of leverage you are considering. You also need to have a good risk management strategy.


[H] Over 130 games (steam keys) [W] Paypal or Bitcoin

Hi guys, I tried on r/GameTrade but haven't got many engagements. For some time I have been buying games for Steam (digital keys), and I never used any of them. I planned to gift them to my fiancee's son after he turns 15 but recent events made this impossible. Little Ivan just passed away a few days ago. He was treated for cancer-related illness and things were looking better but he eventually fell into a coma and passed away. I want to make his mom happy so I decided to sell all the games so I can take her on a vacation somewhere nice so she can get away from her thoughts. As I am not planning to use any of the games I want to sell this as a bundle. I have around 130 games, some very good titles some mediocre. I am looking for someone serious so please if you can't help me don't make it harder. Thank you. I accept Paypal or bitcoin. If someone is interested in looking at my steam acc I can do that. Here is the list of games:

11-11 Memories Retold

7 Days to Die

>observer_

Aaero

Alicia Griffith – Lakeside Murder

American Truck Simulator

Art of Murder - Cards of Destiny;

Art of Murder - Deadly Secrets

Art of Murder - FBI Confidential

Art of Murder - Hunt for the Puppeteer

Art of Murder - The Secret Files

Asteroid Bounty Hunter

Avernum 3: Ruined World

BATTLETECH

BATTLETECH - Flashpoint

BATTLETECH - Shadow Hawk Pack

BM03 Vegalta Gold

Beholder

Bleed 2

Bohemian Killing

Bombshell

Call of Duty: WWII

Charlie's Adventure

Cognition: An Erica Reed Thriller

Crash Bandicoot™ N. Sane Trilogy

Cube Runner

Cultist Simulator

Darkside Detective

Dead Island Definitive Edition

Distrust

DreamBreak

Duke of Alpha Centauri

EARTH DEFENSE FORCE 4.1: Blood Storm

EARTH DEFENSE FORCE 4.1: Depth Crawler Gold Coat

EARTH DEFENSE FORCE 4.1: Gigantus DCC-Gogo. Marking

EARTH DEFENSE FORCE 4.1: Gigantus DCC-Zero Marking

EARTH DEFENSE FORCE 4.1: Gigantus Tank, Bullet Girls Marking

EARTH DEFENSE FORCE 4.1: Gigantus Tank, EDF IFPS Markings

EARTH DEFENSE FORCE 4.1: Gigantus Tank, Natsuiro HS Markings

EARTH DEFENSE FORCE 4.1: Mission Pack 1: Time of the Mutants

EARTH DEFENSE FORCE 4.1: Mission Pack 2: Extreme Battle

Evergarden

F.E.A.R. (Inc 2 DLC)

F.E.A.R. 2: Project Origin

F.E.A.R. 2: Reborn DLC

F.E.A.R. 3

Fight'N Rage

Fly and Destroy

Full Metal Furies

HITMAN™: THE COMPLETE FIRST SEASON

Hard Reset Redux

Heroes Of The Offworld Arena

Hollow Knight

Hot Tin Roof: The Cat That Wore A Fedora

Hungry Flame

Jurassic City Walk

Just Cause 3 XL Edition

Just Cause 3 XXL Edition

LEARTH DEFENSE FORCE 4.1 The Shadow of New Despair

Late Shift

Medieval Kingdom Wars

Mordheim: City of the Damned

Muay Thai Fighting

Neon Space

Neon Space 2

Old Man's Journey

Override: Mech City Brawl

Paradigm

Planet Alpha

Project CARS 2

Puss!

Q.U.B.E. 2

Regions of Ruin

Resident Evil Revelations

Robot Fighting

Rock of Ages 2: Bigger & Boulder™

SPACECOM

SYNTHETIK: Legion Rising

Savage Lands

Sea Battle: Through the Ages

Shenmue I & II

ShipLord

Sid Meiers Civilization VI

Silence of the Sleep

Sky Break

Slash It

Slash It 2

Slipstream

Sniper Elite

Sniper Elite 3

Sniper Elite V2

Sniper Squad Mission

Songbringer

Sonic Mania

Soulblight

Spin Rush

Spyro Reignited Trilogy

Steel Arena: Robot War

Styx: Master of Shadows

Sundered

Super Cloudbuilt

Super Daryl Deluxe

Survive in Space

The Book of Legends

The Detail Season One

The Dwarves

The Invisible Hours

The Last Door - Collector's Edition

The Last Door: Season 2 - Collector's Edition

The Lion's Song: Season Pass

The Painscreek Killings

The Sexy Brutale

The Spiral Scouts

The Whispered World Special Edition

Tom Clancy's The Division™ - Uplay

Tom Clancy's The Division™ SURVIVAL - Uplay

Tower Unite

Unbroken Warrior

Upside Down

Warhammer: Vermintide 2 - Collector's Edition

We Were Here Too

Wizard of Legend

Worms

Worms Blast

Worms Crazy Golf

Worms Pinball

Worms Reloaded: Game of the Year Edition

Worms Ultimate Mayhem - Deluxe Edition

Yakuza 0


Peter Thiel Says He ‘Underinvested’ in Bitcoin, Slams Central Banks at Event

https://www.bloomberg.com/news/articles/2021-10-21/thiel-says-he-was-underinvested-in-bitcoin-price-may-rise?srnd=technology-vp