Thursday, 28th July 2022

The Daily Spin. FOMC Edition. Coinweb’s round-up of curated news and opinions (likely biased) from the world of Blockchain, keeping you informed of the most trending, in-the-know, and controversial topics…with an enhanced “On the Radar” section that now includes both on-chain and off-chain events, some world news and at least one thought leadership dive to keep you fresh, curious, inspired, and clinically sane…

Ongoings at Coinweb

First Staking Booster Window is confirmed for Sunday, July 31st!

The Official Countdown to the First Staking Booster Window has begun! Get ready to get your stake on, because it's gonna be furious. Details to be announced today!

Litepaper AMA#2: Experts Ask has been released (40mins, for our YT algo-hacking please don’t click the link unless you have time to watch the entire video!)
https://youtu.be/bH5DwXpNWGg

Toby Gilbert speaking at The Web3 Con, July 28 (Singapore)
www.web3con.info

Recorded Last Friday | Toby and Alexander go live with Bullperks!
On The Importance of Blockchain Interoperability
https://fb.watch/esmV-29UcD/

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On the Radar

FOMC Rate Decision: 75 basis points rate hike.

Biden Administration redefines “recession” in order to avoid a recession

US: Q2 GDP (negative expectation, indicating a recession by definition), Apple & Intel Earnings Report — July 28

THORChain Planned Obsolescence, July 31
https://twitter.com/THORChain/status/1302509707559460865

Cardano Vasil Hard Fork, July 31 or sooner
https://iohk.io/en/blog/posts/2022/06/20/vasil-upgrade-the-state-of-play/

NFT3 Awards, Aug 5 (Los Angeles)

Korea Blockchain Week, Aug 7 (Seoul)

Blockchain Futurist Conference, Aug 9 (Toronto)

Ethereum Goerli Merge, Aug 11
https://hackmd.io/@benjaminion/BkxQTpqpi9

Coinfest Asia, Aug 25 (Bali)

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Crypto-industry News

FatManTerra Files Class Action Against Terraform Labs, Jump Capital
https://cryptoslate.com/fatmanterra-announces-class-action-lawsuit-against-terraform-labs-do-kwon-jump-capital/

Kraken Now Under Investigation for Violation of US Sanctions
https://coinmarketcal.com/en/news/crypto-exchange-kraken-under-investigation-for-violating-us-sanctions-nyt

Ex-Diem Devs Raise Additional $150m from FTX and Jump Crypto
https://cryptoslate.com/ex-diem-developers-raise-additional-150-million-from-ftx-ventures-and-jump-crypto/

OKCoin Warns of Elder Fraud Following Recovery of $1m in Stolen Crypto
https://cryptoslate.com/okcoin-warn-of-elder-fraud-following-recovery-of-1-million-in-stolen-crypto/

Study Finds Crypto-investors More Attractive and Smarter, while NFT Profiles are the Opposite
https://news.bitcoin.com/study-findings-crypto-investors-more-attractive-and-smarter-nft-profiles-unattractive/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications

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Competitive Landscape

Polygon’s Q2 Data Shows Significant Growth in the Ecosystem
https://cryptoslate.com/polygons-q2-data-shows-significant-growth-in-the-ecosystem/

How the influx of Terra projects caused the Osmosis Exploit
https://cryptoslate.com/videos/how-the-influx-of-terra-projects-resulted-in-the-osmosis-exploit-with-founder-sunny-aggarwal/

Ethereum Reveals Roadmap Post-Merge
https://blockonomi.com/ethereum-reveals-roadmap-post-merge/

DeFi is just CeFi if its Regulated
https://blockhead.co/2022/07/27/is-defi-just-cefi-if-its-regulated/

What $4m in excess liquidity on O3 Swap says about DeFi
https://blockonomi.com/what-4-million-in-leftover-liquidity-on-o3-swap-says-about-defi/

Unstoppable Domains becomes the latest crypto unicorn after $65m raise
https://cryptoslate.com/web3-domain-provider-unstoppable-domains-raises-65-million-to-reach-1-billion-valuation/

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World

CAR’s Sango Coin CBDC goes live, sells only $1.09m in the first 24 hours
https://cryptoslate.com/central-african-republics-sango-coin-sales-go-live-records-only-1-09-million-in-24-hours/

Half of South Africans are Crypto-illiterate
https://news.bitcoin.com/report-just-over-half-of-south-africans-have-little-to-zero-knowledge-about-cryptocurrencies/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications

Japanese bank SMBC enters into NFT and Web3
https://news.bitcoin.com/japanese-bank-smbc-to-foray-into-nft-and-web3-markets/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications

French Rigid Regulation May Spread Through EU
https://cryptoslate.com/frances-rigidity-on-crypto-ads-might-spread-through-the-e-u/

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Thought Leadership

XRPaynet Redefining the Industry Standard for Financial Transactions
https://news.bitcoin.com/xrpaynet-redefining-the-industry-standard-for-financial-transactions/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications

UPenn’s Wharton Launches Metaverse Focused Business Course
https://coinmarketcal.com/en/news/wharton-school-launches-metaverse-focused-business-course

University of Tokyo to Offer Engineering Courses in Metaverse
https://news.bitcoin.com/university-of-tokyo-to-offer-engineering-courses-in-metaverse/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications

Alex Barkaloff’s Vision to Bring Billions to Web3
https://coinmarketcal.com/en/news/x-las-alex-barkaloff-reveals-vision-to-bring-billions-to-web3

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https://preview.redd.it/d59bfjpro9e91.png?width=736&format=png&auto=webp&s=ee6b584ee1cad4bbee70b1582c3d60211a64a2f2

Cardano Rumor Rundown July 28, 2022

Hey Everyone!

Let's go...

Newly covered today:

1. For the first time in modern history, the Federal Reserve has executed back-to-back 75 basis point hikes. https://www.cnn.com/2022/07/27/economy/fed-meeting-interest-rates-75-basis-points/index.html
2. Indigo reports that they are now feature complete! https://twitter.com/Indigo_protocol/status/1552268277438619648
3. We now have blockchain tracked clothes on Cardano. But, these shirts are expensive. https://twitter.com/OriginThread/status/1552280610923749384
4. You no longer have to dislike just Meta (Facebook) OR crypto VCs. You can now hate them both simultaneously in the form of their bastard children: Aptos & Sui. https://twitter.com/milesdeutscher/status/1552281885438488577

Previously Covered but still interesting:

1. Allen Wu makes some great points about the differences between Cardano’s Ouroboros proof-of-stake protocol and Ethereum proof-of-stake. https://twitter.com/AllenWu29331265/status/1543865378816036864
2. One possible solution to the Spacebudz art problem is a token migration. https://twitter.com/CardanoNoodz/status/1544326010266591233
3. The crypto space is slowly realizing that Cardano has a huge and powerful community. https://twitter.com/dunleavy89/status/1544302686736203783
4. Duncan Coutts talks input endorsers, P2P, and Vasil with CityAM. https://www.cityam.com/1895737-2/
5. It turns out that even some crypto veterans appointing themselves as “Bitcoin Experts” don’t actually understand crypto. https://twitter.com/jimmysong/status/1543364278014582787 https://twitter.com/el33th4xor/status/1006931658338177024 https://twitter.com/adrian_brink/status/1543469963679305729 https://twitter.com/IOHK_Charles/status/1544064073075023872
6. We now have some Artifct Moon updates in discord. https://discord.com/channels/882364185244237884/920120911414300773
7. We’re seeing (possibly deliberate) misinformation out of maximalists of other chains regarding the Vasil Upgrade. The false claim is that current Cardano smart contracts will not be compatible with Vasil. https://twitter.com/timbharrison/status/1544608886073745408
8. The U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) has announced the first four winners of its contest to find quantum resistant algorithms. This is a great step forward that will benefit the crypto space as we move toward an era of quantum computing. https://www.nist.gov/news-events/news/2022/07/nist-announces-first-four-quantum-resistant-cryptographic-algorithms https://twitter.com/IOHK_Charles/status/1544680510781362177
9. Voyager has filed for a Chapter 11 Restructure reportedly due to 3AC exposure. https://www.cnbc.com/2022/07/06/crypto-firm-voyager-digital-files-for-chapter-11-bankruptcy-protection.html https://twitter.com/Ehrls15/status/1544550249519357952
10. Pavia now has a youtube tutorial on how to use their builder tool. https://twitter.com/Pavia_io/status/1544695990434889728
11. There are reports (could be either true or false) that WingRiders may have actually been paid a bounty to reveal the MinSwap vulnerability. https://twitter.com/xyconst/status/1544730222985183233 https://twitter.com/Dubbleu_43/status/1544735751677661184 https://twitter.com/CardanosInsider/status/1544701097360740360
12. Charles is back! Weekly AMAs to resume shortly starting with an episode from Mongolia. https://twitter.com/IOHK_Charles/status/1544801324205633536
13. John Woods is leaving for Algorand. Apparently, he was just filling in for Duncan Coutts while Duncan was on paternity leave. John’s new position should open up opportunities for Cardano to work with Algorand in the future. https://twitter.com/IOHK_Charles/status/1545104714139705346 https://twitter.com/JohnAlanWoods/status/1545060330467799040
14. The Virtua Cardano Island mint began today. There was some confusion because the NFT policy does not appear to be locked. Virtua is saying that’s only for the land deeds which will be used in a land claim event to claim your actual parcel which will come from a locked policy. https://twitter.com/VirtuaMetaverse/status/1545125051955138560
15. Looks like Kevin Hart is partnering with Virtua. https://twitter.com/VirtuaMetaverse/status/1546035980964175872?t=fX59ZL2nRxChi80OOf9pfQ&s=19
16. Here’s a dev report of 10x reduction in script size with the script references that will come with Vasil. https://twitter.com/AncientKraken/status/1545864034083225600
17. There is a very cool new blockchain visualizer for Cardano. https://eutxo.org/ https://twitter.com/conraddit/status/1546221160211283969
18. It looks like the Carda Station racing game is actually live inside their metaverse. https://www.cardastation.com/play/?x=60&y=23
19. Wingriders ads take on a decidedly different tone. https://twitter.com/wingriderscom/status/1546162936187703298
20. It looks like Pavia is getting closer and closer to shipping the new website and new map user interface. https://twitter.com/Pavia_io/status/1546444771325104128
21. Revuto was covered by Cointelegraph regarding their lifetime subscription model for services like Netflix and Spotify. However, there seems to be no mention of the relevant blockchain in the article (Cardano). https://cointelegraph.com/news/croatian-web3-startup-offers-lifetime-netflix-and-spotify-membership-via-nfts
22. Cardano is destroying the competition in terms of YoY growth in on-chain volume according to a new report from Kraken (see p. 5). https://kraken.docsend.com/view/ta9gkuzsp3kssmf6 https://twitter.com/SubcriticalTV/status/1546608709580750852
23. Virtua dropped a Twitter Space AMA today. https://twitter.com/VirtuaMetaverse/status/1545468098337284097
24. It sounds like ADA Realm is inching closer to a fungible coin drop. https://twitter.com/AdaRealm/status/1546859792547069952
25. MuesliSwap v2. https://twitter.com/MuesliSwapTeam/status/1546846207716331526 https://twitter.com/MuesliSwapTeam/status/1546924255241289735
26. It sounds like people who minted on Day 1 or Day 2 of Cardano Island will be getting free avatars and free cars. https://discord.com/channels/684117774171373705/987286409771622410
27. Dewayne Cameron seems to be hinting that it won’t be long now for Liqwid. https://twitter.com/DCdoso/status/1546863953904631810 https://twitter.com/DCdoso/status/1546868449275674625
28. Seven million merchants can now accept Cardano through ADA Pay. https://watcher.guru/news/over-7-million-merchants-can-accept-cardano-using-ada-pays-new-plug-in
29. Cardano is still at the top of the github commit charts. https://twitter.com/ProofofGitHub/status/1546920508977041408
30. MuesliSwap is launching its own NFTs that will boost yield farming. https://medium.com/@muesliswap/hungry-cows-by-muesliswap-nfts-to-boost-your-farming-apr-3fbe4b7a4eed
31. Jimmy Song is back at it with the confused analysis of proof-of-stake. Now even a pixelated dog can ratio him. https://twitter.com/jimmysong/status/1546969248068673537
32. The US CPI inflation number for June for all items was revealed at 9.1%, it’s highest since 1981. Energy and food are both higher at 41.6% and 10.4%, respectively. https://www.bls.gov/cpi/ https://finance.yahoo.com/news/asian-shares-bounce-markets-edge-030445470.ht
33. People are claiming to uncover mind-blowing squandering of funds by 3AC including absurd NFT purchases. https://www.reddit.com/r/CryptoCurrency/comments/vy84rw/3ac_borrowed_millions_from_voyagerblockfi_user/ https://etherscan.io/tx/0x6cca8635f02eb5c14fa66722392a49ae45152bc40f39bef6741ea04054b8a857 https://twitter.com/ravanave/status/1547299512040964096
34. Layoffs have hit even the biggest players in the NFT world. OpenSea is apparently releasing 20% of its workforce. https://twitter.com/dfinzer/status/1547648521607659522
35. FutureFest is talking about creating a metaverse convention for Cardano. This might be a great way to include all the people in the ecosystem who can’t travel to the physical events. https://twitter.com/futurefestxr/status/1547656768724951043
36. IOHK Development Update coming this Friday! https://twitter.com/InputOutputHK/status/1547633660907556871
37. Alessandro Konrad and Thomas Vellekoop are proposing a new metadata standard. https://twitter.com/berry_ales/status/1547592977186312195
38. DripDropz reports they have registered as a money services business with FinCen, will now do AML, and will institute staking. https://twitter.com/DripDropz_io/status/1547694112542822400 https://news.dripdropz.io/drip-staking-rewards-more-3a6b475225ae https://twitter.com/DripDropz_io/status/1547693683721457664
39. I’ll be in a Twitter Space with Yazan of Virtua at 4pm UTC on July 15! https://twitter.com/VirtuaMetaverse/status/1547664729845514240
40. Day 1 of the MuesliSwap Hungry Cows mint went down on July 18 with a very smooth whitelist and random selection process. I hope more projects choose to employ a mint process that looks like this whether whitelisted or not. Not having to worry about your keyboarding speed and connection latency during the request phase was very refreshing. https://nft.muesliswap.com/ https://twitter.com/MuesliSwapTeam/status/1549101020239859713 https://twitter.com/JacobNdelaRosa/status/1549046830914478080
41. Ardana is hinting at long awaited announcements this week. https://twitter.com/ArdanaProject/status/1549031244104704000
42. The founder of Compound thinks all NFTs are Veblen goods. It’ll be interesting watching this play out in Cardano and elsewhere. https://twitter.com/rleshner/status/1548776604402421761 https://en.wikipedia.org/wiki/Veblen_good
43. Time magazine is running a cover about how the metaverse will change everything. https://time.com/6197849/metaverse-future-matthew-ball/
44. The Virtua NFT claim for certain early minters will begin on Wednesday, 20 July at 4pm UTC and run for 24 hours. https://twitter.com/VirtuaMetaverse/status/1549470446046908417
45. The MuesliSwap public mint will be going down on Wednesday, 20th of July, minting requests can be sent between 12 and 8 PM UTC. Minting starts after 8 PM UTC. Similar to the previous whitelist drop, this will be a fair request mint. https://medium.com/@muesliswap/phase-2-hungry-cows-by-muesliswap-public-mint-882c3c6451fa
46. Apparently, IOHK has joined the American Chamber of Commerce in Mongolia. https://twitter.com/AmChamMongolia/status/1549216741045293056
47. Looks like Dubai is planning to add 40,000 metaverse jobs over the next five years. https://twitter.com/Blockworks_/status/1549335302384353280
48. Virtua gave us a preview of the fancaves for large land plots. https://twitter.com/VirtuaMetaverse/status/1549823956504530948
49. Today, Cardano users were discussing the functionality and implications of sending multiple transactions in one Cardano transaction. https://twitter.com/javifs96/status/1549732735828344833
50. Reports are coming in claiming this video shows tanks protecting a bank in China after the bank declared deposits not subject to withdrawal. Others argue this is just a night rehearsal for a parade. In either case, just another reminder about what the crypto space has always said about keys. https://twitter.com/BitcoinMagazine/status/1549808472618926082 https://twitter.com/CarlBMenger/status/1549790500516990979 https://amp.cnn.com/cnn/2022/07/10/china/china-henan-bank-depositors-protest-mic-intl-hnk/index.html
51. Things are heating up between Congress and the SEC and it looks like certain members of Congress are actually on our side. https://twitter.com/RepTomEmmer/status/1549414157925195779
52. There is a new twitter account called Cardano Heroes tracking the movement of whales from multi-pool stake pool operators to single pool operators. https://twitter.com/ADAHeroes
53. Looks like CFTC Commissioner Caroline D. Pham is publicly opposing the SEC’s take on asset categorization in the Coinbase insider case. https://twitter.com/CarolineDPham/status/1550159347984044033
54. Coti has released a medium article on the Djed fee structure. https://twitter.com/COTInetwork/status/1550088008254251011
55. It looks like the MuesliSwap Hungry Cows mint was phenomenally successful. https://twitter.com/MuesliSwapTeam/status/1550085557732139008
56. Stake with Pride and Emin Gun Sirer remind everyone that staking in a blockchain with slashing is definitionally unsafe. https://twitter.com/StakeWithPride/status/1550152521275953152
57. Polina Vinogradova on babel fees. https://twitter.com/timbharrison/status/1550557249868816384
58. The 3AC Founders were interviewed by Bloomberg. https://twitter.com/PastryEth/status/1550521333691387905
59. Lyn Alden makes an interesting thread about crypto being a separation of “money and state”. https://twitter.com/LynAldenContact/status/1550960304472956930
60. Here’s an article from SundaeSwap covering the perspective of a dApp team preparing for the upcoming fork. https://sundaeswap-finance.medium.com/the-vasil-hard-fork-from-a-dapp-builders-perspective-9ee454758c16
61. Elizabeth Warren and five other members of the US Congress have asked the EPA to “require reporting of energy use and emissions from cryptominers.” https://www.warren.senate.gov/imo/media/doc/2022.07.15%20Letter%20to%20EPA%20and%20DOE%20Re%20Cryptomining%20Environmental%20Impacts.pdf
62. FutureFest is already working on a plan to have actual humans working in Cardano Metaverses. https://twitter.com/futurefestxr/status/1551607701385318400
63. There is now a “blockchain-in-a-box” project for Java devs to create blockchain solutions that Ergo, IOG, and Hyperledger have been involved in. https://twitter.com/IOHKMedia/status/1551593026568523778 https://www.bitcoininsider.org/article/176881/blockchain-tool-will-allow-java-developers-build-blockchain-solutions
64. Apparently Solana is embracing its “open for business only sometimes” history with actual physical stores. https://twitter.com/Scott_eth/status/1551539635137953793
65. While Cardano’s eras are named after historically significant figures like Voltaire, Basho, Byron, & Shelley; the Ethereum roadmap labels are more like a parody of a reproductive health class. https://twitter.com/VitalikButerin/status/1551603545752870912
66. Is security the biggest challenge facing the mass adoption of Web 3? FYEO thinks so. https://twitter.com/InputOutputHK/status/1551672421769519115
67. Plutus Core programs generated from Typescript are now a thing. https://twitter.com/MicheleHarmonic/status/1551261395295080449 https://www.typescriptlang.org/
68. SpaceBudz has laid out the path to migrate to new art. https://twitter.com/spacebudzNFT/status/1552042478085308418
69. Cardano 360 will be this Thursday (July 28). https://twitter.com/InputOutputHK/status/1551968626470690816
70. Kraken apparently forgot that doing business with Iran is a hot button issue for the US government. https://www.reuters.com/technology/us-crypto-exchange-kraken-suspected-violating-sanctions-nyt-2022-07-26/
71. Senators Toomey and Sinema think you shouldn’t have to pay taxes on crypto purchases or trades under $50. https://seekingalpha.com/news/3860821-us-senators-introduce-bill-that-would-end-taxes-on-small-crypto-transactions

~Army of spies

New Crypto Fud | Why Crypto Market Sudden Down | Bitcoin 2022 Event Newcryptocurrencynews.com

https://newcryptocurrencynews.com/new-crypto-fud-why-crypto-market-sudden-down-bitcoin-2022-event/?feed_id=177922&_unique_id=62e2237ba289c

MT Gox. Ltd Exchange Abandoned? returns 150K bitcoins creates the whale effect...

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https://preview.redd.it/xnoy8wui83e91.png?width=1280&format=png&auto=webp&s=c8b82df04bc832b9e16ca3b00f4ac89b867f9d4f

After eight years of being on the hook, creditors of the reputed, defunct bitcoin (BTC) exchange might soon receive at least a portion of their losses. While that may sound like good news at a time when the cryptocurrency market could use some, some people are concerned about the possibility of Mt. Gox customers selling their recently recovered BTC. Such concerns might be exaggerated, but the situation warrants monitoring.

Was Mt. Gox an exchange cryptocurrency company or what? 

Between 2010 and 2014, Mt. Gox was established as a Tokyo-based cryptocurrency exchange able to operate. At its peak, it was involved in more than 70% of all Bitcoin transactions.

The exchange is sometimes referred to as MtGox or MtGox, even though it is more frequently known as Mt. Gox. The exchange declared bankruptcy in 2014, but litigation and false accusations about it held firm for years.

Initially, it served as a platform for online card trading among fans of the card game "Magic: The Gathering."

Mt. Gox, short for "Magic: The Gathering Online Exchange," was coined. In 2011, Mark Karpeles acquired the website in exchange for revenue for six months. Karpeles progressed to become CEO and the largest shareholder.

At its peak, Mt. Gox was considered the greatest Bitcoin exchange on the planet. It maintained between 70% and 80% of the trading volume.

Due to the sheer volume of transactions it processed, Mt. Gox had a disproportionate influence on the market activity for bitcoin. For instance, it stopped trading for several days in 2013 to stabilize the market.

Also read Whale effect on Solend, how it affects Crypto-Market.

In 2014, the largest Bitcoin exchange in the world at the time went bankrupt after being hacked and having $500 million worth of cryptocurrency stolen.

Karpeles wants MT GOX. to become the Moody of the cryptocurrency world by making it the first global rating agency for cryptocurrency exchanges.

More than 200,000 Bitcoin and Bitcoin Cash were held by the estate in which Mt. Gox’s assets were put. Mt. Gox trustee Nobuaki Kobayashi extended the deadline for submitting claims to March 31, 2020. There was conjecture that Russian hackers were responsible for the theft and that some of the stolen Bitcoins may be recovered.  CoinLab, a major creditor of Mt. Gox, has continued to pursue its multibillion-dollar breach of contract action against the company. Mark Karpeles, the CEO of Mt. Gox, was found guilty of manipulating data in order to inflate holdings in 2019.

So what's happening now?

Even though their Bitcoin is now worth less than half of what it was six months ago, let alone just a few months ago when it was worth more than three times what it is now, their return on investment is still respectable given that it was less than INR 80,000 before Mt. Gox closed.

The Rehabilitation Trustee is currently getting ready to make payments (the "Repayments") in accordance with the rehabilitation plan that has been approved and whose confirmation order by the Tokyo District Court.

The abundance of Bitcoins on the market and the eagerly anticipated Ethereum merger in August have sparked rumors about the "Flippening," a term used in the cryptocurrency industry to describe the fictitious event when Ethereum surpasses Bitcoin to become the largest cryptocurrency in terms of market capitalization.

Casein maintained his skepticism, stating that despite a close correlation between the two cryptocurrencies, it is impossible to predict the impact of the switch to Ethereum 2.0 in advance. 

Accounts for the exchange's bitcoin-

Mt. Gox only holds around 141,686 BTC, 142,846 bitcoin cash (BCH), and 25600 Crore INR (~$3.2 billion). So instead of a one-time 850,000 BTC liquidation, a worst-case scenario would look like this: 100% of creditors opt for the trustee to liquidate, and the trustee opts to do that all in one fell swoop and sell 141,000 BTC. That represents 8.8% of the total daily exchange volume.

It also suspended all trading and went offline in February 2014 after losing about 850,000 Bitcoin valued at about $500 million at the time. Some of its holdings have subsequently been found. The coins are currently valued at more than INR 16800 Crores, based on Bitcoin trading at close to $21,000.

The only requirements were for McCaleb to receive a 12 percent stake and for Karpeles to give him a six-month revenue share of the exchange in exchange. Mt. Gox joined Tibanne, a web hosting, and development company that Karpeles had established in 2009.

The only conditions were that Karpeles had to share the exchange’s revenues with McCaleb for six months, not hold him legally responsible for any problems and give him a 12 percent stake.

Conclusion

Customers of Mt. Gox may actually turn out to be luckier than those whose investments vanished during the recent market crash.

Keep those who invested their savings in the worthless algorithmic stablecoin Terra in your thoughts, as well as those whose money was entangled in other recent collapses. 

It also now shows that MT. Gox, the people invested in it would get their cash as BTC in the accounts.

This worries people about its effects on the market have been anticipated for a while. Maybe a whale effect would be in action again. The price of Bitcoin at the time was a small portion of the current 20,900 BTC, which raised concerns that recipients could instantly sell significant amounts of BTC on the market, pushing prices.

Kobayashi would need to do the repayments to the official board members.

Tron producer Donald Kushner creates Web3-inspired Cryptosaurs NFT collection

"NFTs can aid in the documentation of the creator community through smart contracts," said Kushner.

It's been 40 years since the classic sci-fi adventure film Tron hit movie screens around the world. Produced by Donald Kushner and released by Walt Disney Productions, its highly original futuresque concept made history by revolutionizing the use of computer animation in film while introducing audiences to one of the earliest interpretations of a digital metaverse.

Reflecting on the movie's success, Donald Kushner sat down with Cointelegraph reporter Sean Moore to discuss the success of the film, his new nonfungible token project Cryptosaurs and his thoughts on the future of the metaverse.

Cointelegraph: How do current metaverse implementations compare to what you may have envisioned during the creation of the original Tron film?

Donald Kushner: This is exactly what we envisioned — that the personal computer would overtake that of the mainframe computer. Games and intellectual property would become engines of wealth in a global creator community, and we'd see a battle between centralized and decentralized control of intellectual property, between an ownership economy and a creator economy.

But Kushner has also kept himself up-to-date on navigating the next wave of the digital revolution. "My colleague Mike Bonifer and I invested in crypto in 2018 as a learning experiment. It was his idea. Mike is a quantum storyteller who began as the publicist on Tron and wrote the book The Art of Tron."

As told by Kushner, Bonifer believed that films and streaming content could be financed by crypto and "pre-collectible NFTs." So in 2021, Kushner and Bonifer, along with industry veteran John Scheele, came together to form Gumbotron — a Web3 studio dedicated to Metaverse storytelling.

The firm's newest NFT project Cryptosaurs, developed in conjunction with Forj and Animoca Brands, features collectible digital dinosaur NFT characters, starting with an egg drop in Fall 2022. Each egg is a mystery box containing a line of code. A "gene randomizer" determines a sequence of "freeze-or-hatch" events in early 2023, in which holders of the eggs will be awarded a particular species of Cryptosaur with different uses in the Metaverse. The production team's goal is for holders of the Cryptosaur characters to eventually showcase their NFTs in play-to-earn games, fine art, feature films, virtual reality exhibits, as Metaverse avatars and in other forms of media.

The idea for Cryptosaurs came from the childhood experiences of co-founder John Scheele, who also worked on Tron as a visual effects artist. Scheele's father was the director of the Cleveland Museum of Natural History for 40 years, and family vacations consisted of dinosaur digs. And so, fellow co-founder Mike Bonifer pointed out: "If we can get John to recall the wonder he had as a child on those dino digs, we will have a story."

#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #tron

How to Become a Blockchain Developer? Heres what you need to know!

Blockchain is one of the top emerging technology domains in the current scenario of the IT world. Statistically, the global market of blockchain technology is all set to grow around $20 billion by the year 2025. Meanwhile, Blockchain is not only about Bitcoin but it is something much more enormous than that and the technology is revolutionizing the functioning of the digital world in a more secure and efficient manner. There are various IT giants like Samsung, IBM, Capgemini, etc. that offer ravishing career opportunities for Blockchain Professionals and you can consider becoming a Blockchain Developer to build a worthwhile and successful career!

Blockchain Developers can be majorly classified into two types- Blockchain Software Developer and Core Blockchain Developer. Let’s take a look at the roles & responsibilities of both the profiles:

Core Blockchain Developer:

• Design the Blockchain protocols and consensus protocols.
• Design & monitors the network architecture
• Implement various blockchain features & functionality, etc.

Blockchain Software Developer:

• Develops APIs for blockchain integration
• Develop the frontend & backend of Decentralized Applications
• Develop & Implement Smart Contracts, etc.

1. Start with the Academics

First and foremost, you’re recommended to have an academic background in Computer Science / Information Technology field. You can opt to earn a Bachelor’s or Master’s degree in a particular stream. However, it is not compulsory to have any specific academic background for becoming a Blockchain Developer but it will help you to understand the fundamentals and will lay your foundation to learn Blockchain Technology effectively. Apart from the degree programs, you can opt for several recommended training programs, etc. to get more exposure in the particular technology. Furthermore, almost every IT giant demands these educational qualifications as prerequisites hence it’ll help you to get some ravishing career opportunities as well.

2. Get Proficient with required Tech Skills

Before getting into the Blockchain Development Domain, you’re required to become proficient with several prerequisites technical skills. Let’s take a look at these tech skills:

1. Programming Languages: You’re required to learn the programming concepts (especially OOPs concepts) to become a Blockchain Developer. The sound knowledge of programming languages will help you to develop applications for blockchain and various other tasks conveniently. You can opt for programming languages like Java, C++, Python, etc.
2. Data Structures: Along with the programming languages, you’re required to command over the Data Structure concepts as well. Data Structures are used by Blockchain Developers to develop the immutable and efficient system. You’re required to have a thorough understanding of various data structures such as linked lists, binary trees, heap, hashing, graphs, and many more.
3. Databases & Networking: Furthermore, you’re also required to have some fundamental knowledge of Databases & Networking concepts to start your Blockchain Developer’s journey. It’ll help you to understand the mechanism of distributed systems and other crucial concepts for Blockchain Development.
4. Cryptography: Cryptography is one of the must-have technical skills to become a Blockchain Developer. You’re required to learn about various Cryptographic concepts such as digital signatures, hash functions, RSA algorithm, and many more to lay your foundation for the Blockchain Development.

Moreover, apart from these tech skills, you’re required to be familiar with the web designing and development process as it is one of the core aspects of Blockchain Development and will help you while developing Dapps, handling APIs, etc.

3. Understand the Basics of Blockchain

Once you’ll get done with the prerequisite tech skills, now you’re required to understand the fundamentals of Blockchain Technology. You need to know about blockchain technology in detail such as its working, applications, etc. You’re required to have a sound knowledge of Blockchain architecture and understand the concepts like Consensus, Hash functions, Distributed ledger technology, etc. Furthermore, you need to learn about Bitcoin and other crucial concepts such as public and private approaches, Decentralization, and many more. You can opt for various online and offline resources such as tutorials, journals, training & sessions, etc. to get a clear understanding of Blockchain technology.

4. Learn about Cryptonomics

Now let’s move to another crucial aspect for getting into Blockchain Development – Crytponomics!! The word ‘Cryptonomics’ is generated by combining the two terms – Cryptography & Economics. It is concerned with the process of understanding the economical concepts and methodologies behind the cryptocurrencies. You’re required to learn about various crucial concepts such as transaction fees, mining, transaction lifecycle using Bitcoin, and many more to cover the Cryptonomics curriculum. However, Cryptocurrency is just a minor part of entire blockchain technology but you need to understand its mechanism in detail to understand the fundamentals of blockchain.

5. Get Knowledge of Ethereum and DApps

Here comes one of the most prominent parts of Blockchain Development – Ethereum. Ethereum is an open-source decentralized Blockchain network that is used for running smart protocols and allows developing Smart Contracts & Distributed Applications (DApps) without the usual issues like downtime, fraud, third-party interference, and various others. Meanwhile, Decentralized Applications are the software systems that are developed on blockchain platforms such as Ethereum, etc. Moreover, there are several other renowned platforms as well like EOS, Hyperledger, etc. that can be considered for Blockchain but you’re recommended to start your journey with Ethereum due to its versatile functionalities.

6. Learn about Smart Contracts & Solidity

Let’s dive deeper into the domain of Blockchain and learn about other required concepts such as Smart Contracts, Solidity, etc. When it comes to Smart Contracts, it is concerned with the protocols or instructions that are used for automation purposes and there is not any third party interference in this transaction event. Smart Contracts work on 3 major components – Deterministic, Terminable, and Isolation. Furthermore, Solidity is a statically typed, high-level language used to write smart contracts and is majorly influenced by JavaScript. There are several other specific languages as well for writing smart contracts such as Vyper, Simplicity, and many others.

7. Get Some Hands-On Experience

Now what you need to do is gain some hands-on experience in the Blockchain Development domain. It’ll help you to implement all your theoretical learning into the practical world to gain more exposure and become more proficient with the particular technology and respective tools & platforms. You can prefer to write smart contracts, develop your own Dapps, etc. Also, you can apply for various internship or training programs as there you’ll get all the required resources and the environment. Moreover, you can join several recommended discussion groups such as Reddit Forums, Stack Exchange, etc. to connect with the Blockchain professionals and get some useful insights & information.

Furthermore, after going through the above-mentioned skills and approaches, you can opt for several relevant certifications such as IBM Blockchain Certification, Certified Blockchain Solution Architect (CBSA), etc. These certifications will not only help you to analyze and validate your learnings & skills but can also land you various ravishing career opportunities in the particular domain. Moreover, there are several most recommended books mentioned below that you can consider for making your journey of becoming a Blockchain Developer more worthwhile and convenient:

• The Blockchain Developer by Elad Elrom
• The Book of Satoshi by Phil Champagne
• Blockchain Revolution by Don and Alex Tapscott
• The Basics of Bitcoins and Blockchains by Antony Lewis

Farms are buying ETC to keep protitavility high

100% month before supposed MERGE and ETC is only $27 per coin. At this price Short Squeeze is very viable and price can be manipulated up to $80. I doubt merge will happen, however Vitaly Buterin insinuates that ETC is viable PoW blockhain after merge. What you guys think? Can ETC be in top of 8 highest market cap coins?

tltd: world's largest #Bitcoin mining pool #AntPool announced a $10 million investment in the #EthereumClassic (#ETC ) ecosystem at an event last night.