LeverFi’s OmniZK SDK is a powerful tool for developers looking to build decentralized applications on Bitcoin. It simplifies the process of creating and deploying Discreet Log Contracts (DLCs) by utilizing zkOracles for secure event data. The SDK enables developers to construct interoperable Bitcoin DeFi apps with ease, making it possible to harness verified event data from various EVM networks. This flexibility could be a game-changer for developers aiming to bring complex DeFi functionalities to the Bitcoin blockchain.
Saturday, September 14, 2024
The Role of zkOracles in LeverFi’s OmniZK Protocol
zkOracles play a pivotal role in LeverFi’s OmniZK Protocol by providing secure and reliable event proofs for Bitcoin-based applications. These oracles generate proofs for complex computations performed off-chain, which are then relayed to the Bitcoin network for settlement. This mechanism ensures that Bitcoin can support advanced DeFi functionalities while maintaining its core principles of security and consistency. The integration of zkOracles could significantly enhance Bitcoin’s ability to handle more sophisticated financial applications.
Friday, September 13, 2024
Good evening, for tonight's entertainment, a simple Panda sits through one of the most boring, monotonous and tediously dull livestreams so you don't have to. New recap is up! 💖 you all 💖
Friday night recap is a go!
I’m so impressed by Joe’s ability to unprepared for a livestream that only he controls when it starts. I can’t decide if it’s general incompetence or Joe is doing that thing kids do when they think it’s “cool” to not do homework or classwork.
Someone remind me, but didn’t Joe trying to do this last time drive people away? Also, as someone who has been involved in various types of RP your enjoyment is greatly affected by the quality of the RP. Sorry Joe, I don’t trust your ability to paint a picture with your words, or with pictures, but let’s see where this goes.
“This thing has costed a pretty penny too” Dear ATM Army, how you feeling about those superchats now? Maybe you thought you were helping Joe pay off his taxes, help for HIS SON, or whatever. Did you think it was going to pay some dude to develop a game server?
LOL, this server is gonna be popular? Hey Siri, set a reminder for 30 days from now when the server is abandoned.
You know, this whole gaming server scam, sorry, million dollar idea is interesting. On an unrelated note, there was a guy in the midwest who was trying to hire a hitman to kill his wife and they recommended setting up a gaming server to launder their bitcoin through to conceal the source of funds. No reason why that story just popped into my head. For more information, legit, check out Barely Sociable’s video on Besa Mafia.
“Everything I’m doing, I hope I make him proud.” That ship has sailed, come back, sailed again, then was retired because steam ships were invented.
“Let me fill some space.” Would you look at that, Joe’s already succeeding.
Joe’s decided that this is the future of APS, well, for now. I’m sure it’ll be replaced by something else.
I don’t think there’s enough weed to make this idea interesting. It’s just taking scenes from True Lies and Saw and combining them.
I can’t believe I’m gonna do this, ok Joe, you want your guys with “bad bad charges” here’s an interesting story idea.
Jose Gutierrez is a rogue, undercover cop investigating crimes against children. Has to go deep undercover and finds out that there’s staff at this prison who are in on it, in fact, they’re orchestrating it by using the gangs inside prison to do the bad bad stuff outside. Jose gets arrested and now has to survive against the prisoners who wanna punish him and the guards trying to kill him.
Watching three people talk over each other on Discord while they play the video game equivalent of an opening QuickTime event is truly riveting. Christ this is dull.
God I want this to be a dream.
Something interesting: Joe gets into a fight in game, throws a sucker punch to start and still loses.
And Joe’s getting bullied. This really must take him back.
Joe keeps wanting to go the showers. Christ this is dull. You know, it was at the start of this that he wanted his son to be proud of him and that he was doing all this for MAH SON. Dude, your kid will die from embarrassment when someone shows up to school with APS clips.
“We had no game plan with that whatsoever.” Ladies and gentlemen, I give you the JPG Boss Man Life Philosophy
🌍 What’s the Best Bitcoin Conference You’ve Been To? 🌍
Hey, Bitcoiners! 👋
We know there are tons of amazing Bitcoin conferences happening all around the world (in fact, we have 33 confirmed upcoming conferences listed at bconf.org), and we want to hear from YOU! Whether it was an epic keynote, unforgettable networking, or just the overall vibe, tell us:
💬 What’s the best Bitcoin conference you’ve attended, and why?
Share your stories, favorite moments, and why that event stood out for you. Did you leave with game-changing insights, or maybe you just had a great time meeting fellow Bitcoiners?
Let’s hear it! Drop your experiences in the comments below and help others discover the must-attend events in the Bitcoin space. 🌟
Thursday, September 12, 2024
Market Analysis: Bitcoin and S&P Divergence - Friday 13 💀
Lately, we’ve seen the S&P 500 (SPX) break through key resistance levels, including the H4 100 MA, but Bitcoin (BTC) has failed to follow suit. This divergence is concerning, as BTC is still stuck between major resistance and support zones, with multiple moving averages coming into play:
- H1 100 MA, H1 200 EMA, H1 300 MA are all clustered around 56.8k.
- The H4 100 MA sits at 57.5k, while the H4 13 EMA is at 57.6k.
- Major resistance is found at the H4 200 EMA (58.7k).
Key Levels to Watch:
- The range of 56.8-57.6k needs to hold to prevent a more extended consolidation or a harsh downtrend rejection, especially if SPX starts pulling back.
- On the flip side, breaking through 58.5-59.0k could give BTC the momentum to fill the gap up to the D1 100 MA.
In the meantime, the market is likely to chop in this range, with volatility expected once we see more data, particularly from the FOMC next week. The Producer Price Index (PPI) report was largely a non-event, so all eyes are now on the FOMC meeting for the next major move.
Ethereum (ETH) Outlook:
ETH is currently compressing on the H1 timeframe, mirroring BTC's lack of clear direction. Until BTC makes a decisive move, ETH is expected to follow a similar choppy path.
BTC continues to grind against the 58.2k resistance, and there’s still potential for a spike to 60-62k. However, this could turn into a bull trap, leading to a rollover and new lows, catching traders off guard.
Charts to Watch:
Stay cautious, as these levels could determine the next big move.
Debate Avoids Crypto and Bitcoin, Trump No Longer Leading on Polymarket
The first presidential debate between Donald Trump and Kamala Harris on September 10 did not address topics related to cryptocurrency or Bitcoin. Despite discussing the economy, the candidates focused on more traditional issues like foreign policy, immigration, and abortion rights. Before the debate, Trump held a narrow lead on Polymarket, a crypto-based prediction market, with a 53% chance of winning compared to Harris' 46%. However, following the debate, both candidates were tied at 49%, reflecting a seven-point shift. At the time of reporting, over $865 million had been wagered on the election outcome. On PredictIt, a non-crypto prediction market available in the U.S., Harris' chances rose to 56%, while Trump’s fell to 47% post-debate. Traditional betting markets also showed Harris with a slight edge. The debate seemed to have a negative effect on Bitcoin’s price, which dropped by about 3% from $58,000 to $56,100 after the event. Bitcoin's value later recovered to around $56,800. Notably, Bitcoin had previously experienced an 8% drop on September 6, when Trump held his largest lead on Polymarket. Although no direct discussions on crypto were made during the debate, market reactions suggest that investors are closely monitoring the election's potential impact on the crypto industry. Trump has expressed support for crypto, whereas Harris has not clearly articulated her stance on digital assets, and crypto remains absent from her policy documents.
How to Start Trading: A Beginner’s Guide
Trading can be an exciting way to grow your wealth, but for beginners, it can also be intimidating. With the right approach, though, you can ease into it and start building your portfolio without too much risk. Here's a guide to help you understand the basics of how to start trading.
1. Understand the Different Types of Trading
Before you start, it’s important to know the different forms of trading available. Here are the main types:
- Stock Trading: Buying and selling shares of companies. This is the most common form of trading, where you purchase a portion of ownership in a company.
- Forex Trading: This involves trading currency pairs (like USD/EUR) and capitalizing on fluctuations in exchange rates.
- Options Trading: You buy or sell the right to trade stocks at a specific price before a certain date. It’s more complex and carries higher risk but can bring substantial profits.
- Cryptocurrency Trading: Trading digital assets like Bitcoin or Ethereum. It’s highly volatile but has gained massive popularity.
- Commodities Trading: Trading physical assets like oil, gold, or agricultural products. This can be a great way to diversify your portfolio.
2. Set Your Financial Goals and Risk Tolerance
Before diving into trading, it's important to understand your financial goals and how much risk you're comfortable with. Are you looking for long-term investments or short-term gains? Some forms of trading are more volatile than others, so knowing your risk tolerance is key to building the right strategy.
3. Educate Yourself
The more knowledge you have, the better. There are many resources available online to help you understand the basics of trading. Study financial markets, trends, and the specific asset class you're interested in. Consider these steps:
- Learn the fundamentals: Understand how supply and demand affect prices.
- Study technical analysis: This involves looking at charts and using various indicators to predict market movements.
- Follow financial news: Markets can move dramatically based on economic news, company earnings, and geopolitical events.
4. Choose a Trading Platform
You'll need to sign up for a broker or trading platform. Some popular options include:
- E*TRADE: A great platform for stock trading with solid tools for beginners.
- Robinhood: Known for its user-friendly interface and commission-free trading.
- TD Ameritrade: Offers a wide range of trading tools and educational resources.
- Binance or Coinbase: If you're interested in cryptocurrency trading.
Make sure to pick a platform that fits your trading style. Some platforms offer more advanced features, while others cater to beginners.
5. Start with a Demo Account
Before risking real money, try out your trading strategies with a demo account. This allows you to simulate real trading conditions without the financial risk. Most trading platforms offer demo accounts, so you can practice buying and selling without any pressure.
6. Start Small
When you’re ready to trade with real money, start with a small investment. Avoid jumping in with large sums right away—it's easy to lose money quickly when you’re still learning. As you get more comfortable and gain experience, you can gradually increase your investments.
7. Diversify Your Portfolio
One of the best ways to manage risk is to diversify your investments. Don’t put all your money into one stock or asset. Spread it across different stocks, commodities, or currencies. This way, if one investment goes bad, it won’t ruin your entire portfolio.
8. Create a Trading Plan
Having a solid plan is crucial for success in trading. A trading plan helps you stay disciplined, setting out clear rules for when to buy and sell, how much to invest, and how to manage risk. Stick to your plan to avoid emotional trading decisions, which can often lead to losses.
9. Keep Emotions in Check
Trading can be emotional. The ups and downs of the market might make you feel like you need to react immediately, but it’s important to stay calm and stick to your strategy. Letting fear or greed drive your decisions is a recipe for disaster. Be patient and trust your research.
10. Monitor and Learn from Your Trades
Once you’ve made some trades, track your performance. Analyze which strategies worked and which didn’t. Learning from your mistakes is one of the best ways to improve as a trader. Over time, you’ll gain more experience and develop a better understanding of the markets.
Final Thoughts
Starting your trading journey can be both exciting and challenging. With the right mindset, education, and tools, you can begin trading and slowly build your wealth. Remember to start small, manage your risk, and continue learning as you go. Trading isn't about getting rich quickly—it's about making informed decisions and growing steadily over time.
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