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The cryptocurrency market has been in a state of turmoil in recent weeks, with Bitcoin (BTC) and other altcoins losing significant value. BTC, which had been on a recovery trajectory after a sharp decline in early 2023, has fallen back below $30,000. This has left investors and enthusiasts concerned about the future of the cryptocurrency.The sell-off in BTC has been accompanied by a decline in other altcoins, with some losing even more value than BTC. Ethereum (ETH) and Solana (SOL) have both lost over 50% of their value in the past month. This has led to concerns that the altcoin market may be in a bubble that is about to burst.However, there are some altcoins that may have overcorrected or crashed unjustly. These altcoins have strong fundamentals and are likely to recover in the long term. Some of these altcoins include Cardano (ADA), Avalanche (AVAX), and Terra (LUNA).Cardano is a proof-of-stake blockchain platform that is designed to be more scalable and efficient than Bitcoin. It has a strong development team and a growing community. Avalanche is a scalable and secure blockchain platform that is designed to support a wide variety of applications. It has a fast transaction speed and low fees. Terra is a stablecoin platform that is designed to maintain a stable price. It has a strong backing from the Luna Foundation Guard.The current turmoil in the crypto market is a reminder of the volatility of this asset class. However, it is also an opportunity to buy into strong altcoins at a discount. Investors who are bullish on the long-term prospects of cryptocurrency should consider adding these altcoins to their portfolios.The future of Bitcoin and the altcoin market is uncertain. However, the long-term fundamentals of cryptocurrency remain strong. Investors who are willing to take on the risk should consider investing in this asset class.Here are some other altcoins that could be considered undervalued at the current time:Polkadot (DOT): A multi-chain platform that is designed to connect different blockchains.Cosmos (ATOM): A decentralized network of independent blockchains.Algorand (ALGO): A scalable and secure blockchain platform.Investors should do their own research before investing in any cryptocurrency.
Do Kwon, cofounder of Terraform Labs, discusses the charges against him, gives a message to Terra victims, answers allegations about potential fraud and non-transparent business practices, and much more. Show highlights: whether Do finds the charges based on the Capital Markets Act legitimate why he doesn't want to discuss his location whether the South Korean government is lying about the accusations against him what happened with the BTC held by the Luna Foundation Guard whether Do regrets being so arrogant in his tweets what he would say to the people who lost huge amounts of money in Terra or family members of people who committed suicide due to its collapse the decision to set Anchor's yield near 20% why Terra had a large SDT pre-mine that was not proactively disclosed whether Do's actions show he didn't think that the algorithmic mechanism was sufficient to keep UST pegged to the dollar whether Terraform Labs cashed out $2.7 billion using Degenbox why there were no disclosures about Chai terminating its agreement with Terra why the Terra blockchain went through a hard fork without a public discussion the failure of the basis cash stablecoin, also worked on by Do Kwon whether an algorithmic stablecoin can work the week of the UST depeg and what happened to the funds held by LFG where the 3 million Luna unlocked per month by Project Dawn went when the LFG will return funds to UST holders what Do would do differently if he had the chance to go back Thank you to our sponsors! Crypto.com Chainalysis web3 with a16z Episode Links Do Kwon: Twitter Previous Coverage of Unchained on Do Kwon and Terra: How Will the Legal Case Against Do Kwon Play Out in South Korea? Do Kwon Is Backing UST With Bitcoin – And Here's What Else He Is Building The Legal and Regulatory Fallout From Terra's Collapse: Who Will Pay? The Chopping Block: Does the New Terra Have Any Chance? Hester Peirce's Former Counsel on Terra 2.0, XRP and a Bitcoin Spot ETF Why Terra Collapsed and Whether an Algo Stablecoin Can Ever Succeed Devastating Stories One man commits suicide Fat Man Terra's thread with several stories SDT pre-mine CoinDesk Korea article Anchor yield JTBC article reporting core devs wanted a lower yield Chai WSJ article Do's tweets about Chai: 2.5 million users Tweet in May 2021 Tweet in May 2021 #2 Tweet in January 2021 Abracadabra Degenbox $2.7 billion cash out TFL Exit Liquidity dashboard on Dune Project Dawn Launch The Defiant article Basis Cash CoinDesk article Luna Foundation Guard Ergo-BTC on-chain evidence of more than 313 BTC Dumps BTC LFG postpones compensation Allegations against Do Kwon SBS news reporting Do moved funds to the Virgin Islands. Seoul Police Probe Allegation of Embezzlement by Terraform Staff South Korea Launches Investigation into Company Behind Luna Crypto Crash Class action against Do Kwon Was LUNA a Security? Korean prosecutors are looking into Terra Red Notice “Not on the run” Kwon's Passport SEC Actions Against Terra SEC Investigating UST Stablecoin Blowup in Fresh Threat to Terra Terraform Labs Loses US Appeal over SEC Subpoena
If you enjoy and learn from DeFi Lunch, please take a moment to rate/review us on Apple Podcasts, because it can dramatically increase our and advance our mission to grow DeFi. To discuss this episode or anything related to DeFi, please join our amazing community on Reddit: https://www.reddit.com/r/MissionDeFi/ Video is here: https://youtu.be/DvTVnwg07bk DeFi Llama still cranking - Llama Lend - borrow against lesser NFTs - https://twitter.com/0xngmi/status/1578923010509393920 / https://github.com/LlamaLend/contracts New portfolio manager Merlin has a nice UI - https://mymerlin.io/overview DeBank to launch messaging platform - Hi - https://debank.com/hi Forget Geeq. Patent for their "innovative" chain - Obviously do not share the ethos of the community ARK Extends An Open Letter To The Fed - https://ark-invest.com/articles/market-commentary/open-letter-to-the-fed/?hss_channel=tw-2398137084 Machinations for games/tokenomics - https://machinations.io/web3/ TreasureDAO sounds cool - https://twitter.com/javierang_/status/1578383507302203392?s=46&t=J8dWfIEfEdW7dxhFETwNLA Quantum technology research in Chicago - https://www.washingtonpost.com/technology/2022/10/09/quantum-internet-chicago-argonne/ Distribution of assets is ‘not possible at this time:' Luna Foundation Guard - https://cointelegraph.com/news/distribution-of-assets-is-not-possible-at-this-time-says-luna-foundation-guard Zuckerberg's Metaverse App on 'Quality Lockdown' as Even Employees Won't Use It: Report - Decrypt - https://decrypt.co/111483/zuckerberg-meta-metaverse-quality-lockdown-employees-wont-use-it Decentraland's 38 Daily Active Users in a $1.3B Ecosystem - https://www.coindesk.com/web3/2022/10/07/its-lonely-in-the-metaverse-decentralands-38-daily-active-users-in-a-13b-ecosystem/ We're early - Hackers access $570 million in crypto with attack on Binance - CBS News - https://www.cbsnews.com/news/binance-hack-100-million-cryptocurrency-blockchain/ Mt. Gox repayments pushed to 2023 - https://twitter.com/krugermacro/status/1578500001109377025 #VyperOTC, the first trustless OTC platform - https://twitter.com/VyperProtocol/status/1578330492012986368 NFT Race to zero - https://twitter.com/richerd/status/1578516353908379650 --- Support this podcast: https://anchor.fm/missiondefi/support
In this week's episode, we discuss everyone's favorite subject: the bear market. I got Mark's take on the current bear, how it compares to previous bear markets in crypto, and what we should expect over the coming year. Next, we took a look at who has been selling Bitcoin in May and June. The largest (forced) seller was the Luna Foundation Guard, closely followed by Elon Musk's Tesla. We spent some time discussing Tesla's sale and why Elon may have decided to do that today. Next, we explain why things feel so divided today. Mark and I gave our take on wealth equality, the media, and hidden sets of incentives around ESG. Finally, we added a new "positivity segment - you'll have to tune in to find out more! Also, if anyone wants to watch my grandpa's interview, here's the link. -- Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Follow On The Margin: https://twitter.com/OnTheMarginPod Follow Mark Yusko: https://twitter.com/MarkYusko Follow Mike: https://twitter.com/MikeIppolito_ Follow Blockworks: https://twitter.com/blockworks_ -- (00:00) Introduction (00:40) Is the worst of the crypto bear behind us? (16:54) The Reason Tesla Liquidated Their BTC (22:25) The Greatest Polarization in History (34:48) The One Metric We Should All Optimize -- Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
Las monedas estables descentralizadas son difíciles. Pero a pesar de los acontecimientos de las últimas semanas, seguimos creyendo en su potencial. Se nos ocurrió la idea de USDD después de presenciar el espectacular ascenso de Terra. En su apogeo, el suministro de UST circulante eclipsó a todos los competidores descentralizados en casi 2 veces . En la superficie, Terra parecía haber ganado la guerra de las monedas estables, pero detrás de la cortina, UST todavía estaba en riesgo extremo. A pesar de los mejores esfuerzos de Luna Foundation Guard, la mayoría de la garantía de UST consistía en LUNA, un activo altamente volátil, y menos del 15 % de UST estaba garantizado por Bitcoin. Fuimos testigos de las consecuencias de estos pasos en falso durante las últimas dos semanas. Después de analizar los desafíos que enfrentó UST y aprender de ellos, nos propusimos construir una moneda estable mejor descentralizada. A diferencia de Terra, la cadena de bloques TRON alberga el mayor suministro comercial de USDT de cualquier cadena de bloques a nivel mundial. TRON tiene el mayor suministro de monedas estables con respaldo fiduciario emitidas en cadena, y hemos logrado un enorme éxito y adopción en nuestro ecosistema DeFi, ayudados por nuestro enfoque en la liquidez y adopción de monedas estables. Construido sobre la base del próspero ecosistema de monedas estables de TRON, USDD será una nueva moneda estable descentralizada totalmente respaldada por una combinación de activos estables y volátiles. Inicialmente, USDD estará garantizado en exceso por activos de alta calidad y baja volatilidad, incluidos USDT, USDC y BTC. La tasa de colateralización se encuentra actualmente en el rango de 180-200%. Al aumentar lentamente la oferta de USDD, seremos cautelosos con la expansión. USDD permitirá a los titulares de TRX beneficiarse de su éxito, mientras que el valor inherente de TRX derivado de casos de uso práctico generalizados ayudará a contener el riesgo para los titulares y usuarios de USDD. Sobre estos principios, hemos reunido un equipo de clase mundial formado por los mejores investigadores y desarrolladores bajo la Reserva TRON DAO para cumplir con esta visión para USDD. Entonces, ¿qué es USDD? USDD es una criptomoneda vinculada al dólar estadounidense. En la Fase Uno (detalles a continuación) de nuestra hoja de ruta de lanzamiento, la moneda estable solo será emitida y canjeada por miembros incluidos en la lista blanca de TRON DAO Reserve (TDR). La emisión y el canje se realizan a través de un intercambio dinámico entre TRX y USDD. Este intercambio permite a los usuarios quemar $1 de TRX a cambio del derecho a acuñar 1 USDD. Los canjes funcionan de manera similar, solo que en la dirección opuesta (los detalles completos se pueden encontrar aquí ). Esto permite que USDD tenga una política monetaria receptiva, como miembros de TDR incluidos en la lista blanca y, eventualmente, cualquiera puede estabilizar USDD frente a las fluctuaciones de precios y consolidar su uso como una moneda de liquidación real. ¿Qué hemos aprendido de Terra? 1. El crecimiento inorgánico e insostenible es malo. Terra creció sobre la base de Anchor , un protocolo de préstamos de rendimiento fijo del 20% que en su punto máximo atrajo más de $14 mil millones en depósitos de UST. Anchor fue la única razón del crecimiento explosivo de UST, pero desequilibró todo el sistema Terra. A medida que más y más usuarios buscaban beneficiarse del atractivo rendimiento de Anchor, la acuñación de UST explotó. Los depósitos de ancla crecieron casi 10 veces solo en el último año. Fue este crecimiento insostenible lo que condujo a la caída de Terra. Nosotros, por otro lado, planeamos adoptar un enfoque más sostenible para aumentar la oferta de USDD. Durante la Fase uno (descrita aquí ), planeamos garantizar que todos los participantes de LP en Curve, Ellipsis, SunSwap, SUN.io, JustLend, etc. (la lista crece), así como los usuarios que apuestan USDD en intercambios centralizados , reciben una TAE fija del 30% sobre sus depósitos a cambio de aportar liquidez en las mencionadas plataformas. Sin embargo, esta fase tendrá un tope, con un máximo de 2b USDD minable . Este límite de suministro de 2b USDD se levantará en la Fase Dos después de un mecanismo de participación basado en el tiempo. En esta fase, los prestamistas y participantes que se comprometan a bloquear la liquidez de USDD en intercambios descentralizados durante 1 año seguirán recibiendo un alto rendimiento, mientras que los usuarios que prefieran mantener sus tokens bloqueados durante un período de tiempo más corto recibirán una tasa más baja. El límite para USDD a largo plazo estará determinado por la demanda comercial del token en intercambios centralizados y descentralizados, ya que queremos que USDD sea una moneda de liquidación para otros pares comerciales de activos. La liquidez es una característica primordial y queremos compensar a los primeros usuarios con un amplio rendimiento por la liquidez que brindan. En última instancia, el límite en el suministro de USDD estará vinculado al volumen total de USDD negociado. 2. La sobregarantía transparente es fundamental para evitar la desvinculación. Terraform Labs estableció Luna Foundation Guard (LFG) para diversificar la garantía de UST y evitar eventos de desvinculación. Pero este intento fue demasiado pequeño, demasiado tarde. La reserva consistía en solo $ 3 mil millones de BTC en su punto máximo, apenas suficiente para garantizar el suministro de casi 19 mil millones de UST. Durante la corrida bancaria de las últimas dos semanas, la garantía de LFG apenas hizo mella en la abrumadora presión de venta de UST. La Reserva TRON DAO planea garantizar que el USDD siempre esté garantizado en exceso por una canasta de monedas estables con garantía fiduciaria (por ejemplo, USDT y USDC), así como Bitcoin y TRON, entre otros activos . Ya hemos dedicado más de $550 millones de activos a la reserva y planeamos continuar con esto a medida que crece la oferta de USDD. Planeamos mostrar de manera transparente todas las garantías en el sitio web de la Reserva TRON DAO pronto. Aparte de la cantidad equivalente de TRX quemado como tapa dura para el USDD circulante total emitido hasta la fecha, la reserva actualmente mantiene aproximadamente $ 295 millones USDT, $ 82 millones BTC y $ 181 millones TRX. La Reserva TRON DAO planea continuar comprometiendo capital a la reserva a medida que crece el suministro de USDD y apuntará a una reserva de $ 2 mil millones para el final de la Fase Uno, con planes para comprometer hasta $ 10 mil millones en total para respaldar el proyecto a largo plazo.
In tonight's nightly crypto news wrap-up, I take a look at the current happenings in the crypto landscape, including Ray Dalio's Cash is Trash campaign, South Korea freezing the Luna Foundation Guard's assets, and crypto taking center stage at the World Economic Forum.
Today's blockchain and cryptocurrency news Brought to you by watchthiscards.com Bitcoin is down .5% at $29,210 Ethereum is down 1% at $1959 and Binance Coin is down 1% at $321 Police in Korea ask exchanges to freeze Luna Foundation Guard assets. Coinbase added to Fortune 500 list. Optimism removes 17k addresses from airdrop eligible list. Central African Republic teases Project Sango. Lockheed Martin is working with the Filecoin foundation to for open-source blockchain network in space.
Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news in the digital asset industry. On this episode, Kevin Zhou, the CEO of Galois Capital and long-time critic of UST, also joined the conversation. Show topics: the UST depeg and Terra collapse Kevinon what it was like being one of the earliest naysayers of LUNA why Kevin believes that UST initially depegged and became a “fear cascade” how Galois Capital traded the UST depeg, from shorting LUNA to keeping their UST in Anchor until the last moment why Kevin was disappointed in the lack of transparency in how Luna Foundation Guard attempted to defend the UST peg the implications of UST's collapse across the crypto and traditional financial markets whether Terra's decline will lead to more regulation in the crypto industry why Anchor was the “cancer” of the Terra system why VCs are reticent to say something bad about protocols they don't believe in why grifting is so much more prevalent in crypto what Jump Trading had to do with the Terra collapse the difference between the way trading and VC firms interact with crypto the issues with the Terra 2 proposal without UST which chains are receiving the people leaving the Terra ecosystem why Haseeb compared the collapse of UST to the collapse of the Soviet Union who Kevin believes should be reimbursed in the aftermath of the UST collapse how political considerations might affect how Terra continues to develop going forward why Terra NFTs were skyrocketing during the Terra meltdown whether crypto is in a bear or bull market Hosts Haseeb Qureshi, managing partner at Dragonfly Capital https://twitter.com/hosseeb Tom Schmidt, general partner at Dragonfly Capital https://twitter.com/tomhschmidt Tarun Chitra, managing partner at Robot Ventures https://twitter.com/tarunchitra Robert Leshner, founder of Compound https://twitter.com/rleshner Guest Kevin Zhou, CEO of Galois Capital https://www.linkedin.com/in/kevin-zhou-82938324/ Previous Unchained Coverage Nic Carter, Erik Voorhees, and Eric Wall on the collapse of UST https://unchainedpodcast.com/why-terra-collapsed-and-whether-an-algo-stablecoin-can-ever-succeed/ Do Kwon on backing UST with BTC https://unchainedpodcast.com/do-kwon-is-backing-ust-with-bitcoin-and-heres-what-else-he-is-building/ Kevin Zhou on the risk of UST's death spiral https://unchainedpodcast.com/heres-why-usdn-depegged-from-the-dollar-and-why-ust-might-too/ Jon Wu on how Terra got depegged: https://unchainedpodcast.com/did-someone-deliberately-attack-terra-luna-to-kick-off-a-death-spiral/ Do Kwon on The Chopping Block https://www.youtube.com/watch?v=0xl8u7-KVwM Haseeb's summary of the Terra collapse: https://medium.com/dragonfly-research/the-reign-of-terra-the-rise-and-fall-of-ust-208dabbc8e6e Jon Wu's write-up on the UST Depeg Article: https://www.notboring.co/p/terra-to-the-moon-and-back Thread: https://twitter.com/jonwu_/status/1523793482850050048?s=20&t=lvB1zdz98wu5TE5emh4fCw Terra Background Info Twitter: https://twitter.com/terra_money UST Mechanics: https://angelprotocol.medium.com/how-does-ust-work-ec7b2f6e2c2c UST Bank Run: https://www.wsj.com/articles/crash-of-terrausd-shakes-crypto-there-was-a-run-on-the-bank-11652371839 Speculation of a deliberate attack: https://onchainwizard.substack.com/p/how-to-make-800m-in-crypto-soros?s=r Do Kwon's Proposed Terra's Revival: https://www.coindesk.com/tech/2022/05/13/do-kwon-proposes-restart-of-terra-blockchain-as-ust-luna-plummet/ Anchor: https://twitter.com/anchor_protocol Terra 2.0: https://unchainedpodcast.com/do-kwon-has-a-new-plan-again/ LFG Purchases Luna Foundation Guard: https://lfg.org/team/ Pomp – the $10B Bitcoin Bet on Stablecoins https://pomp.substack.com/p/the-10-billion-bitcoin-bet-on-stablecoins?s=w 3/10 BTC purchase https://twitter.com/LFG_org/status/1503680315969060864 $1 BTC billion purchase https://twitter.com/terra_money/status/1496162889085902856 TFL x LFG relationship https://twitter.com/stablekwon/status/1502225674840555523 Galois Twitter threads https://twitter.com/Galois_Capital/status/1511455703642394628 https://twitter.com/Galois_Capital/status/151119893095193804 Tarun's thoughts on algorithmic stablecoins https://twitter.com/Unchained_pod/status/1512465290910736391
Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news in the digital asset industry. On this episode, Kevin Zhou, the CEO of Galois Capital and long-time critic of UST, also joined the conversation. Show topics: the UST depeg and Terra collapse Kevin on what it was like being one of the earliest naysayers of LUNA why Kevin believes that UST initially depegged and became a “fear cascade” how Galois Capital traded the UST depeg, from shorting LUNA to keeping their UST in Anchor until the last moment why Kevin was disappointed in the lack of transparency in how Luna Foundation Guard attempted to defend the UST peg the implications of UST's collapse across the crypto and traditional financial markets whether Terra's decline will lead to more regulation in the crypto industry why Anchor was the “cancer” of the Terra system why VCs are reticent to say something bad about protocols they don't believe in why grifting is so much more prevalent in crypto what Jump Trading had to do with the Terra collapse the difference between the way trading and VC firms interact with crypto the issues with the Terra 2 proposal without UST which chains are receiving the people leaving the Terra ecosystem why Haseeb compared the collapse of UST to the collapse of the Soviet Union who Kevin believes should be reimbursed in the aftermath of the UST collapse how political considerations might affect how Terra continues to develop going forward why Terra NFTs were skyrocketing during the Terra meltdown whether crypto is in a bear or bull market Hosts Haseeb Qureshi, managing partner at Dragonfly Capital https://twitter.com/hosseeb Tom Schmidt, general partner at Dragonfly Capital https://twitter.com/tomhschmidt Tarun Chitra, managing partner at Robot Ventures https://twitter.com/tarunchitra Robert Leshner, founder of Compound https://twitter.com/rleshner Guest Kevin Zhou, CEO of Galois Capital https://www.linkedin.com/in/kevin-zhou-82938324/ Previous Unchained Coverage Nic Carter, Erik Voorhees, and Eric Wall on the collapse of UST https://unchainedpodcast.com/why-terra-collapsed-and-whether-an-algo-stablecoin-can-ever-succeed/ Do Kwon on backing UST with BTC https://unchainedpodcast.com/do-kwon-is-backing-ust-with-bitcoin-and-heres-what-else-he-is-building/ Kevin Zhou on the risk of UST's death spiral https://unchainedpodcast.com/heres-why-usdn-depegged-from-the-dollar-and-why-ust-might-too/ Jon Wu on how Terra got depegged: https://unchainedpodcast.com/did-someone-deliberately-attack-terra-luna-to-kick-off-a-death-spiral/ Do Kwon on The Chopping Block https://www.youtube.com/watch?v=0xl8u7-KVwM Haseeb's summary of the Terra collapse: https://medium.com/dragonfly-research/the-reign-of-terra-the-rise-and-fall-of-ust-208dabbc8e6e Jon Wu's write-up on the UST Depeg Article: https://www.notboring.co/p/terra-to-the-moon-and-back Thread: https://twitter.com/jonwu_/status/1523793482850050048?s=20&t=lvB1zdz98wu5TE5emh4fCw Terra Background Info Twitter: https://twitter.com/terra_money UST Mechanics: https://angelprotocol.medium.com/how-does-ust-work-ec7b2f6e2c2c UST Bank Run: https://www.wsj.com/articles/crash-of-terrausd-shakes-crypto-there-was-a-run-on-the-bank-11652371839 Speculation of a deliberate attack: https://onchainwizard.substack.com/p/how-to-make-800m-in-crypto-soros?s=r Do Kwon's Proposed Terra's Revival: https://www.coindesk.com/tech/2022/05/13/do-kwon-proposes-restart-of-terra-blockchain-as-ust-luna-plummet/ Anchor: https://twitter.com/anchor_protocol Terra 2.0: https://unchainedpodcast.com/do-kwon-has-a-new-plan-again/ LFG Purchases Luna Foundation Guard: https://lfg.org/team/ Pomp – the $10B Bitcoin Bet on Stablecoins https://pomp.substack.com/p/the-10-billion-bitcoin-bet-on-stablecoins?s=w 3/10 BTC purchase https://twitter.com/LFG_org/status/1503680315969060864 $1 BTC billion purchase https://twitter.com/terra_money/status/1496162889085902856 TFL x LFG relationship https://twitter.com/stablekwon/status/1502225674840555523 Galois Twitter threads https://twitter.com/Galois_Capital/status/1511455703642394628 https://twitter.com/Galois_Capital/status/151119893095193804 Tarun's thoughts on algorithmic stablecoins https://twitter.com/Unchained_pod/status/1512465290910736391
In this episode of Understanding Crypto, Paul Abercrombie and James Burtt explore the intricacies of the UST/Luna crypto crash, highlighting the geopolitical and crypto-specific influences. They provide a systematic breakdown of the events leading up to UST devaluation and the subsequent death spiral. They explain why investors have started to sell off their crypto assets and why there is more anti-stablecoin sentiment and calls for regulation in the crypto market. Geopolitical Influences Paul gives a brief overview of the digital landscape before the crash, explaining the functions of the US Terra stable coin and its 25% devaluation. He highlights the major global geopolitical issues. "We are in a massive Covid hangover," Paul says while exploring the ways in which China's zero-free policy has messed up global supply chains, subsequently increasing prices internationally. This, coupled with the World Bank's decision to initiate economic stimulus measures in an attempt to rejuvenate the economy, has led to inflation. The current dip is a result of anti-inflationary measures which are rooted in the ideology that the only remedy to curb inflation is to raise interest rates. The Federal Reserve's decision to increase the base rate by 0.5% was as predictable as investors' decision to "liquefy... sell... get rid of UST," Paul says. This, coupled with media forecasts of an impending recession, is making investors nervous, causing them to sell their crypto assets. [Listen from 4:09] Luna and UST In an attempt to demystify the crash, James provides a systematic breakdown of the events leading to the UST devaluation. He begins by exploring the relationship between Luna, a burn mint token which is the native currency of Terra and UST. The function of the burn mint token is to replace the traditional dollar in the digital marketplace. He points out that a token is generated as the mechanism for creating and liquidating crypto assets. As such, it becomes the governance token or major currency of a specific blockchain. "So it's a bit like our own creator coin that we have,” James points out. “Rally is the burn mint token of our Winner's Club token…In order to buy our currency, you've got to buy Rally. " Likewise, in Terra, cash is first exchanged for Luna burn mint tokens, which are in turn exchanged for USTs and vice versa. So when UST loses its peg, they create more Luna, similar to "printing money and inflation in the real world". [Listen from: 9:35] Anchor Both James and Paul agree that one of the major causes of the crash was the Luna Foundation Guard's (LFG) decision to decrease Anchor's (Terra's high interest savings account) interest rate from 20% to 4%. This singular act caused the liquidation of over 2 billion USTs within two days. Consequently, "the liquidity pools are going to run out," Paul highlights, "which just kept the price tumbling out of control, both the prices of UST and Luna, because the same effect was happening everywhere." LFG's injection of $1.5 billion worth of Bitcoin to provide liquidity in Luna and UST to prop up the market was a temporary fix but shortly after that came "the death spiral". The compounded effects of these decisions have caused "investors to start looking at crypto assets generally and starting to spark a sort of sell off across all digital assets, just because of market uncertainty." [Listen from 14:07] The unstable "stablecoin" The current crypto crash has strengthened the anti-stablecoin sentiment. Paul explores these concerns, stating that the UST "stable coin is controlled by a central entity which is the Luna Foundation Guard, not a decentralized organization". He questions, "Who's in charge of the liquidity?" Who provides the reserves? Is it backed by the dollar really? Is there a pool of dollar reserves? " Paul predicts that, "The result of this is going to be regulation big time in stablecoins and across other digital assets regulation around retail investors." Interestingly, though Web3's main tenet is decentralization, the current crash is a good argument for some measure of regulation, especially after the rapid rate of capitulation. As crypto asset owners, James and Paul both discuss the ways in which the crash has affected The Winners Club (TWC) coin on Rally. They tell listeners, “You just have to ride out, stay calm, keep calm and carry on". Current and potential investors should understand that crypto is here for the long term, despite frequent fluctuations in the market. [Listen from 23:50] Key Takeaways The crypto crash is because of geopolitical and crypto-specific influences. The current crash has given rise to anti-stablecoin sentiment. Crypto asset owners are encouraged to “ride out, keep calm and carry on.” Resources James Burtt on Twitter | LinkedIn | Instagram | Clubhouse Paul Abercrombie on Website | Twitter | LinkedIn | Instagram Decrypt Article
Nic Carter, general partner at Castle Island Venture, Eric Wall, former Chief Investment Officer of Arcane Assets, and Erik Voorhees, founder of ShapeShift, discuss what happened with the TerraUSD (UST) and LUNA fiasco, Do Kwon's responsibility, the impact on the crypto ecosystem, and much more. Show highlights: how Erik used to feel that algo stablecoins were impossible and why he changed his mind why Eric considers that the demand for UST was tied to a sh*tcoin why Nic didn't think LUNA would work how a stablecoin could theoretically be decentralized whether Nic, Eric, and Erik think this was a deliberate attack why they think whether or not there was a deliberate attack is not even relevant how the de-peg started with a liquidity issue on Curve why Nic thinks that Terra's biggest mistake was the 19.5% APY on Anchor whether pursuing a decentralized stablecoin is a worthy goal what aspects of UST were decentralized, according to Erik whether algo stablecoins are dead or whether in the future, death spirals of algo stablecoins can be avoided why Erik believes that everything in the crypto space is an experiment, even BTC what it says that the VCs behind Terra knew were so reputable why Do Kwon's arrogance and inexperience might have caused this chaos whether Terra can be rebuilt whether this collapse imposes risks on other blockchains and other assets why the Luna Foundation Guard's purchase of Bitcoin might have made the UST collapse even worse what Erik thinks about the global financial system and the US dollar how this event could trigger more regulation in the crypto space and why it might hurt the entire ecosystem how regulators might use the Terra case to impose CBDCs. Thank you to our sponsors! Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021 Coinchange: https://coinchange.io Beefy Finance: https://beefy.finance Episode Links Erik Vorhees Twitter: https://twitter.com/ErikVoorhees Eric Wall Twitter: https://twitter.com/ercwl Nic Carter Twitter: https://twitter.com/nic__carter Previous Unchained Coverage of Terra Do Kwon on backing UST with BTC https://unchainedpodcast.com/do-kwon-is-backing-ust-with-bitcoin-and-heres-what-else-he-is-building/ Kevin Zhou on the risk of UST's death spiral https://unchainedpodcast.com/heres-why-usdn-de-pegged-from-the-dollar-and-why-ust-might-too/ Jon Wu on how Terra got de-pegged: https://unchainedpodcast.com/did-someone-deliberately-attack-terra-luna-to-kick-off-a-death-spiral/ Terra Twitter: https://twitter.com/terra_money UST Mechanics: https://angelprotocol.medium.com/how-does-ust-work-ec7b2f6e2c2c Luna Foundation Guard: https://lfg.org/team/ UST Bank Run: https://www.wsj.com/articles/crash-of-terrausd-shakes-crypto-there-was-a-run-on-the-bank-11652371839 Speculation of a deliberate attack: https://onchainwizard.substack.com/p/how-to-make-800m-in-crypto-soros?s=r Do Kwon's Proposed Terra's Revival: https://www.coindesk.com/tech/2022/05/13/do-kwon-proposes-restart-of-terra-blockchain-as-ust-luna-plummet/ Terra Blockchain Halted: https://www.coindesk.com/business/2022/05/12/luna-issuer-terra-halts-blockchain-after-week-of-losses/ Upcoming Regulation https://www.protocol.com/bulletins/terra-stablecoin-loses-peg https://www.theblockcrypto.com/linked/146583/yellen-says-the-stablecoin-market-is-still-too-small-to-pose-systemic-risk
On today's episode, Kallaway and Roman break down:(1:29) Luna/Terra recap of events(7:08) Do Kwon pitches Terra fork idea(10:12) Luna Foundation Guard dumps 80k Bitcoin reserve(15:06) Yieldasaurus makes the worst tweet of the year(19:07) Portugal rethinking stance on crypto(21:55) Spotify starts dabbling with NFTs(27:31) Logan Paul pump and dumps schemes uncovered(31:35) Hot takes & predictionsWatch on YouTube: https://youtu.be/ZxES-7Ki4G0 Sunday:Drip is a member-owned lifestyle brand built on web3 rails.Translation: We're using NFTs, blockchains and tokens to enable members, designers and builders of our brand to earn a piece of the upside.Become a Sunday:Drip member - https://sundaydripsociety.comJoin Sunday:Drip Discord - https://discord.gg/Nhm2b5PvpATwitter - https://twitter.com/sundaydripsNewsletter - https://sundaydrips.substack.com/Youtube - https://www.youtube.com/c/sundaydripFollow Kallaway - https://twitter.com/kallawavyFollow Roman - https://twitter.com/romanlecavalierLegal Disclaimer: No information shared in Cryptoland is financial advice. All content is for entertainment and informational purposes only. Wavy Labs, LLC is not a registered investment, legal, or tax advisor or a broker/dealer.
Nic Carter, general partner at Castle Island Venture, Eric Wall, former Chief Investment Officer of Arcane Assets, and Erik Voorhees, founder of ShapeShift, discuss what happened with the TerraUSD (UST) and LUNA fiasco, Do Kwon's responsibility, the impact on the crypto ecosystem, and much more. Show highlights: how Erik used to feel that algo stablecoins were impossible and why he changed his mind why Eric considers that the demand for UST was tied to a sh*tcoin why Nic didn't think LUNA would work how a stablecoin could theoretically be decentralized whether Nic, Eric, and Erik think this was a deliberate attack why they think whether or not there was a deliberate attack is not even relevant how the de-peg started with a liquidity issue on Curve why Nic thinks that Terra's biggest mistake was the 19.5% APY on Anchor whether pursuing a decentralized stablecoin is a worthy goal what aspects of UST were decentralized, according to Erik whether algo stablecoins are dead or whether in the future, death spirals of algo stablecoins can be avoided why Erik believes that everything in the crypto space is an experiment, even BTC what it says that the VCs behind Terra knew were so reputable why Do Kwon's arrogance and inexperience might have caused this chaos whether Terra can be rebuilt whether this collapse imposes risks on other blockchains and other assets why the Luna Foundation Guard's purchase of Bitcoin might have made the UST collapse even worse what Erik thinks about the global financial system and the US dollar how this event could trigger more regulation in the crypto space and why it might hurt the entire ecosystem how regulators might use the Terra case to impose CBDCs. Thank you to our sponsors! Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021 Coinchange: https://coinchange.io Beefy Finance: https://beefy.finance Episode Links Erik Vorhees Twitter: https://twitter.com/ErikVoorhees Eric Wall Twitter: https://twitter.com/ercwl Nic Carter Twitter: https://twitter.com/nic__carter Previous Unchained Coverage of Terra Do Kwon on backing UST with BTC https://unchainedpodcast.com/do-kwon-is-backing-ust-with-bitcoin-and-heres-what-else-he-is-building/ Kevin Zhou on the risk of UST's death spiral https://unchainedpodcast.com/heres-why-usdn-de-pegged-from-the-dollar-and-why-ust-might-too/ Jon Wu on how Terra got de-pegged: https://unchainedpodcast.com/did-someone-deliberately-attack-terra-luna-to-kick-off-a-death-spiral/ Terra Twitter: https://twitter.com/terra_money UST Mechanics: https://angelprotocol.medium.com/how-does-ust-work-ec7b2f6e2c2c Luna Foundation Guard: https://lfg.org/team/ UST Bank Run: https://www.wsj.com/articles/crash-of-terrausd-shakes-crypto-there-was-a-run-on-the-bank-11652371839 Speculation of a deliberate attack: https://onchainwizard.substack.com/p/how-to-make-800m-in-crypto-soros?s=r Do Kwon's Proposed Terra's Revival: https://www.coindesk.com/tech/2022/05/13/do-kwon-proposes-restart-of-terra-blockchain-as-ust-luna-plummet/ Terra Blockchain Halted: https://www.coindesk.com/business/2022/05/12/luna-issuer-terra-halts-blockchain-after-week-of-losses/ Upcoming Regulation https://www.protocol.com/bulletins/terra-stablecoin-loses-peg https://www.theblockcrypto.com/linked/146583/yellen-says-the-stablecoin-market-is-still-too-small-to-pose-systemic-risk
The Luna Foundation Guard revealed Monday that it had spent almost all of its Bitcoin reserves in its failed attempt to restore UST's peg. LFG said that it plans to use its remaining reserves, worth around $81 million in total, to compensate UST's remaining users, starting with the smallest wallets. What other crypto stablecoins are next?~This episode is sponsored by iTrust Capital~iTrustCapital | Get $100 Funding Reward + No Monthly Fees when you sign up using our custom link! ➜ https://bit.ly/iTrustPaul#TerraLuna #Cryptocurrency #Bitcoin~Terra Luna Officially Dead | Final Crypto Sentiment Analysis~⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺Become a Diamond Circle Member FREE! ➜ https://bit.ly/PBDiamondCircleSubscribe on YouTube ✅ https://bit.ly/PBNYoutubeSubscribeFacebook
Jon Wu, head of growth at Aztec Network, recaps a historically chaotic week in the Terra ecosystem that saw $UST depeg, Anchor depositors flee, and $LUNA fall 99%. Show highlights: how $UST, $LUNA, Luna Foundation Guard (LFG), and Anchor Protocol are supposed to work why Jon compares the Terra blockchain with VISA, LFG with the Fed, and Do Kwon with Jerome Powell how a previous $UST de-peg foreshadowed this week's dystopian price action how a bitcoin short seemed to have kickstarted $UST's depeg and why Jon thinks it was a deliberate attack why Luna Foundation Guard originally purchased Bitcoin – and how that plan backfired and made the Terra death spiral even more violent why $UST had such low liquidity this week – making it more susceptible to a bank run what Jon's predictions are for $UST and $LUNA going forward what were the reasons behind Terra halting why Jon does not think this will be the end of algorithmic stablecoins why Jon thinks this should not affect ETH directly, even though there is a high amount of staked ETH in the Terra ecosystem Thank you to our sponsors! Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021 Coinchange: https://coinchange.io Episode Links Jon Wu Twitter https://twitter.com/jonwu_ Jon's Write-Up on the UST Depeg Article: https://www.notboring.co/p/terra-to-the-moon-and-back Thread: https://twitter.com/jonwu_/status/1523793482850050048?s=20&t=lvB1zdz98wu5TE5emh4fCw Previous Unchained Coverage of Terra Do Kwon on backing UST with BTC https://unchainedpodcast.com/do-kwon-is-backing-ust-with-bitcoin-and-heres-what-else-he-is-building/ Kevin Zhou on the risk of UST's death spiral https://unchainedpodcast.com/heres-why-usdn-de-pegged-from-the-dollar-and-why-ust-might-too/ Terra: Terra proposal to accelerate the burn of UST and increase the base pool: https://station.terra.money/proposal/1164 https://www.theblockcrypto.com/post/146254/terraform-labs-ceo-do-kwon-unveils-plan-to-restore-ust-peg Terra halting the network: https://twitter.com/terra_money/status/1524785058296778752?s=20&t=FUJkFuN8PyxRoF9TCPgrGg Terra going live again: https://twitter.com/terra_money/status/1524812171179327488?s=20&t=FUJkFuN8PyxRoF9TCPgrGg Regulatory risks: https://www.theblockcrypto.com/post/146426/the-sec-has-already-sued-terraform-labs-it-has-every-reason-to-investigate-ust-lawyers-say Other Recaps on Terra: CoinDesk on how Do Kwon was behind previous algorithmic stablecoin: https://www.coindesk.com/tech/2022/05/11/usts-do-kwon-was-behind-earlier-failed-stablecoin-ex-terra-colleagues-say/ Rekt: https://rekt.news/luna-rekt/
Henry Elder is portfolio manager for all of Wave Financial's decentralized finance investment products and manages $250 million in stable coin and crypto-asset investment strategies. That means he's perfectly placed to explain the crypto story that everyone's talking about—the implosion of crypto coin Terra Luna and the $41 billion that got vaporized overnight. Henry does a masterful job of setting the scene that led up to this crypto crisis. He lays out what stable coins are, explains the difference between collateralized stable coins and algorithmic stable coins like UST, and describes the relationship between UST and Luna. Henry then takes us through the crisis that developed in the past week and how a paradoxical announcement by the Luna Foundation Guard—think of it as centra bank to UST—broke the stable coin's peg to the dollar. We talk about how won and lost in the crisis' wake, how Luna's collapse is reflected in the pricing of bitcoin and Ethereum, and the prospect of a comeback for Luna. We then zoom out and talk about the timing of this crisis, coming as it does during a recession, a war in Europe, and a lull in enthusiasm for crypto generally. Henry tells us why he remains bullish on crypto generally and describes how the US can establish dollar dominance in crypto via US dollar-pegged stable coins.
Jon Wu, head of growth at Aztec Network, recaps a historically chaotic week in the Terra ecosystem that saw $UST depeg, Anchor depositors flee, and $LUNA fall 99%. Show highlights: how $UST, $LUNA, Luna Foundation Guard (LFG), and Anchor Protocol are supposed to work why Jon compares the Terra blockchain with VISA, LFG with the Fed, and Do Kwon with Jerome Powell how a previous $UST de-peg foreshadowed this week's dystopian price action how a bitcoin short seemed to have kickstarted $UST's depeg and why Jon thinks it was a deliberate attack why Luna Foundation Guard originally purchased Bitcoin – and how that plan backfired and made the Terra death spiral even more violent why $UST had such low liquidity this week – making it more susceptible to a bank run what Jon's predictions are for $UST and $LUNA going forward what were the reasons behind Terra halting why Jon does not think this will be the end of algorithmic stablecoins why Jon thinks this should not affect ETH directly, even though there is a high amount of staked ETH in the Terra ecosystem Thank you to our sponsors! Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021 Coinchange: https://coinchange.io Episode Links Jon Wu Twitter https://twitter.com/jonwu Jon's Write-Up on the UST Depeg Article: https://www.notboring.co/p/terra-to-the-moon-and-back Thread: https://twitter.com/jonwu_/status/1523793482850050048?s=20&t=lvB1zdz98wu5TE5emh4fCw Previous Unchained Coverage of Terra Do Kwon on backing UST with BTC https://unchainedpodcast.com/do-kwon-is-backing-ust-with-bitcoin-and-heres-what-else-he-is-building/ Kevin Zhou on the risk of UST's death spiral https://unchainedpodcast.com/heres-why-usdn-de-pegged-from-the-dollar-and-why-ust-might-too/ Terra: Terra proposal to accelerate the burn of UST and increase the base pool: https://station.terra.money/proposal/1164 https://www.theblockcrypto.com/post/146254/terraform-labs-ceo-do-kwon-unveils-plan-to-restore-ust-peg Terra halting the network: https://twitter.com/terra_money/status/1524785058296778752?s=20&t=FUJkFuN8PyxRoF9TCPgrGg Terra going live again: https://twitter.com/terra_money/status/1524812171179327488?s=20&t=FUJkFuN8PyxRoF9TCPgrGg Regulatory risks: https://www.theblockcrypto.com/post/146426/the-sec-has-already-sued-terraform-labs-it-has-every-reason-to-investigate-ust-lawyers-say Other Recaps on Terra: CoinDesk on how Do Kwon was behind previous algorithmic stablecoin: https://www.coindesk.com/tech/2022/05/11/usts-do-kwon-was-behind-earlier-failed-stablecoin-ex-terra-colleagues-say/ Rekt: https://rekt.news/luna-rekt/
Bitcoin traded below $30,000 on Monday, amid market uncertainty brought about by the ‘depegging' of UST—an algorithmic stablecoin whose value is supposed to remain equivalent to $1. At publication, UST is trading at $0.92, although the ‘stablecoin' saw lows of $0.6050 on the Binance UST/USDT trading pair. In this breaking episode of The Scoop, host Frank Chaparro spoke with crypto researcher Mika Honkasalo, who appeared on the podcast to provide a detailed look at how the UST drama is unfolding. As Honkasalo explained, while UST has experienced depegging before, this time around is structurally different: “I think people at first didn't really realize that it would be a real thing, because they had seen something similar before and they didn't realize that the structure of the market had become a lot more averse to UST than it previously had. And I think what you're seeing today is sort of that just escalating or going further.” Although the Luna Foundation Guard announced plans yesterday to support the UST peg with $1.5 billion worth of assets, whether or not UST returns to its peg will likely come down to whether the buyers or sellers win out. As Honkasalo noted during the interview, “Whether or not it maintains the peg today is very much a question of: if the sellers sort of run out of tokens and the buyers have more, the buyers will live to fight another day here in the mid-term.” As for the future fate of Luna and UST, Honkasalo thinks much of its success will rest on macro forces outside of its control. “I think that if the market turns positive, it will be much easier to keep the whole Luna ecosystem going. But if it continues to be more negative than this, the next wave of sells could be even much worse.” Episode 41 of Season 4 of The Scoop was recorded remotely with The Block's Frank Chaparro and Mika Honkasalo, Crypto Researcher. Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests to podcast@theblockcrypto.com. This episode is brought to you by our sponsors Fireblocks, Coinbase Prime & Cross River Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves over 725 financial institutions, has secured the transfer of over $1.5 trillion in digital assets, and has a unique insurance policy that covers assets in storage & transit. For more information, please visit www.fireblocks.com. About Coinbase Prime Coinbase Prime is an integrated solution that provides institutional investors with an advanced trading platform, secure custody, and prime services to manage all their crypto assets in one place. Coinbase Prime fully integrates crypto trading and custody on a single platform, and gives clients the best all-in pricing in their network using their proprietary Smart Order Router and algorithmic execution. For more information, visit www.coinbase.com/prime. About Cross River Cross River is powering today's most innovative crypto companies, with banking and payments solutions you can rely on, including fiat on/off ramp solutions. Whether you are a crypto exchange, NFT marketplace, or wallet, Cross River's API-based, all-in-one platform enables banking as a service, ACH & wire transfers, push-to-card disbursements, real-time payments, and virtual accounts and subledgers. Request your fiat on/off ramp solution now at crossriver.com/crypto.
Rentabilidad de la minería de Bitcoin cae a mínimos de 2020 Luna Foundation Guard presta $ 750 millones en Bitcoin Bitcoin cae al precio más bajo desde julio de 2021 https://www.criptonoticias.com/mineria/rentabilidad-mineria-bitcoin-cae-minimos-2020-precios-rojo/ https://decrypt.co/99757/luna-foundation-guard-loans-1-5b-bitcoin-ust-protect-stablecoin https://www.coindesk.com/markets/2022/05/09/bitcoin-tumbles-to-lowest-since-july-2021-as-market-panic-grows/ A mediodía de hoy, el precio de Bitcoin estaba en más de 32 mil dólares, con una variación a la baja en 24 horas de casi el 6% El Hashrate es de 220 Exahashes por segundo Sigue a Satoshi en Venezuela en Redes Sociales: Twitter: https://twitter.com/satoshienvzla Instagram: https://instagram.com/satoshienvzla Únete a nuestro canal de Telegram: https://t.me/satoshien
Jeremy from the Bitcoin Cash Podcast comes on the Digital Cash Rundown to talk all things crypto, including of course Binance's half-billion investment into Twitter and all the nefarious implications this may or may not carry, considering CZ's history of having his tentacles in everything. We also cover Gucci accepting crypto payments in-store and the ever-increasing growth of decentralized digital money as money. We also hit on the Luna Foundation Guard buying even more Bitcoin to back up the UST stablecoin, and what red flags that may raise, as well as the NFT boom, where collectors have already spent more on NFTs this year than all of last year. Finally, we go into Bitcoin Cash's community preferring SmartBCH over THORChain, and why that may represent a giant missed opportunity.
Today's blockchain and cryptocurrency news Brought to you by watchthiscards.com Bitcoin is up slightly at $40,470 Ethereum is up slightly at $3,045 and Binance Coin is down slightly at $416 Tornado Cash to block sanctioned addresses. President Biden nominates former Ripple advisor Michael Barr as Fed regulator. Terraform labs has given $820M in Luna tokens to the Luna Foundation Guard. Emirates plans NFTs and expanded activity in metaverse
Coinstack - For Smart Crypto Investors - Bitcoin, Ethereum, DeFi & The Future of Money
This week in crypto, Janet Yellen shared an updated and balanced tone on the crypto ecosystem, EU member states agreed to ban the provision of high-value crypto-asset services to Russia, the LFG seeks to build a $10 billion reserve in bitcoin for backing the UST.
"The Hash" team discusses today's top stories, including Elon Musk reversing his decision to join Twitter's board of directors, Coinbase suspending 'buy' orders in India, and the Luna Foundation Guard's bitcoin buying spree. This episode has been edited by Michele Musso. Our theme song is Neon Beach. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today's blockchain and cryptocurrency news Brought to you by ungrocery.com Bitcoin is down 1% at $41,019 Ethereum is down 1% at $3,041 and Binance Coin is down 1% at $403 Crypto exchange traffic increased in March. Multiple Indian political and governmental entities had their Twitter accounts compromised. The Luna Foundation Guard picks up $173M more in Bitcoin. US Senate republicans issue policy paper on crypto.
In deze Hup Bitcoin bespreken we de laatste bitcoin nieuwtjes. Deze aflevering is mede mogelijk gemaakt door Knaken.nl, een Nederlandse broker waar je je bitcoin kunt kopen (of verkopen). Strike brengt bitcoin betalingen naar 1,5 miljoen webshops Noord-Koreaanse Yeonmi Park praat over de rol van bitcoin voor vrijheid Tesla gaat in Texas bitcoin minen met zonne-energie Madeira en stad in Honduras naar bitcoin standaard, plannen in Mexico Jordan Peterson waarschuwt voor 'grenzeloos enthousiasme' over bitcoin Bank of America: bitcoin kan aandelen overtreffen in potentiële door Fed veroorzaakte recessie MicroStrategy koopt voor $190 miljoen aan bitcoin Luna Foundation Guard koopt 4.130 extra bitcoin, totaal op bijna 40.000 BTC Check de (gesloten) liveblog van het Miami 2022 event Wil je op de hoogte blijven over alle ontwikkelingen? Kom dan eens langs in onze Telegram chat, en download ook vooral onze Android Nieuws appof iOS Nieuws app!
Today's blockchain and cryptocurrency news Brought to you by watchthiscards.com Bitcoin is down .5% at $44,902 Ethereum is down 1% at $3,311 and Binance Coin is down .5% at $436 Sky Mavis has raised $150M to reimburse victims of Ronin hack. Marathon Digital Holdings will move its bitcoin miners from a coal-powered facility in Montana to a more sustainable location. The Luna Foundation Guard picks up another $230M in bitcoin. Hivemapper has raised $18M in a series A.
With bitcoin dropping as bond yields continue to rise, the Luna Foundation Guard buying the dip and a look at the crypto lifeline to Ukraine, CoinDesk's Markets Daily is back with the latest news roundup.This episode is sponsored by Kava, BCB Group and Koinly.Today's Stories...Read the full show notes here.Featured Story: The Growing Digital Asset Lifeline in Ukraine-Kava lets you mint stablecoins, lend, borrow, earn and swap safely across the world's biggest crypto assets. Connect to the world's largest cryptocurrencies, ecosystems and financial applications on DeFi's most trusted, scalable and secure earning platform with kava.io.-BCB Group is the leading business banking partner for the digital assets industry. We provide the rails to move money and a gateway for crypto to FX markets at scale. Our mission is to connect and bank the global crypto industry. Find out more by visiting bcbgroup.com/coindesk.-Koinly calculates crypto taxes accurately and fast to save you time, and keep you from paying too much in taxes. Koinly connects to 600+ exchanges to analyze all your trades, and is able to handle DeFi, liquidity, NFTs & more. Simply download Koinly's IRS form 8949 report and file! Get started with a free plan at koinly.io.-Consensus 2022, the industry's most influential event, is happening June 9–12 in Austin, TX. If you're looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code MarketsDaily15 to get 15% off your pass at www.coindesk.com/consensus2022.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
As the 19 millionth bitcoin is mined, several large public buyers have sparked renewed interest in Bitcoin as pristine collateral. Shrimps and Whales are leading widespread coin accumulation, alongside the Luna Foundation Guard who added over 21k BTC to their balance in nine days. Let's review how far BTC has come in its short history.
Do Kwon is the CEO of Terraform Labs and a director at Luna Foundation Guard. On Unchained, he explains why LFG is spearheading a plan to partially back Terra's $15 billion stablecoin UST with Bitcoin. He also dives into another project idea that would transform developer salaries into financial assets that, as far as I can tell, he has not yet spoken about publicly. Part 1: Everything you need to know about Terra, UST, and BTC. how Terra works and why Do thinks UST will soon be the third-largest stablecoin why Do and LFG decided to back UST with bitcoin why Do thinks LUNA's price will continue to appreciate despite UST's new dependence on bitcoin how UST might perform if the price of a bitcoin were to crash why diversifying UST with different types of collateral could help Terra politically how LFG plans to use bridges, smart contracts, and an AMM reserve pool to secure its bitcoin why Do thinks Terra is now a Layer 2 project for Bitcoin who is deciding to purchase bitcoin and who determines what other assets to purchase as collateral for UST how a bitcoin reserve pool would help UST not de-peg from the dollar whether Do thinks Anchor's 19%+ yield is sustainable and why Anchor is moving to other chains Part 2: Do, the self-described “toymaker” of DeFi. why Do is fascinated with creating a fungible labor market how developer working hours could become a token traded on an AMM and used to take out loans why Do thinks developer salaries in crypto should be cyclical how on-chain identity and history will be similar to credit scores why Do is a personal fan of Thorchain – but is reticent to use it as a bridge for LFG why Do is interested in Prism Protocol what Do thinks the impact of a pro-crypto president will have on South Korea Book events Keep up on all the latest events here! https://www.laurashin.com/book/#tour-dates Thank you to our sponsors! Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021 Beefy Finance: https://beefy.finance Cross River Bank: https://crossriver.com/crypto Upcoming Book Events Wednesday, March 30: I'll be speaking (remotely) with Six Senses about The Cryptopians at 2 pm ET. Be sure to save your spot soon – space is limited! Tuesday, April 5: I will be doing a reading and signing hosted by the City of Miami Beach and Future Perfect Ventures at Sky Yard from 6-8 pm. Jalak Jobanputra, CEO of Future Perfect Ventures will be interviewing me. You need to RSVP by April 1 to dianafontani@miamibeachfl.gov. Saturday, April 9: I will be on a panel at the Annapolis Book Festival at 11 am. Tuesday, April 12: I will be at StartupGrind's global event in Redwood City, which is focused this year on Web3 (time → TBD). May 4-7: I will be in conversation with author Jimmy Soni at the PBS Seattle Crosscut Festival, which takes place from May 4-7. May 23-25: I will be at the Oslo Freedom Forum which takes place from May 23 to 25. Details on these events are TBD. Episode Links Do Kwon https://twitter.com/stablekwon Previous Unchained appearance: https://www.youtube.com/watch?v=683fXfedOZY Terra Twitter: https://twitter.com/terra_money Luna Foundation Guard: https://lfg.org/team/ LFG Purchases Pomp – the $10B Bitcoin Bet on Stablecoins https://pomp.substack.com/p/the-10-billion-bitcoin-bet-on-stablecoins?s=w 3/10 BTC purchase https://twitter.com/LFG_org/status/1503680315969060864 $1 BTC billion purchase https://twitter.com/terra_money/status/1496162889085902856 TFL x LFG relationship https://twitter.com/stablekwon/status/1502225674840555523 Terraform Labs proposal to make Terra inter-chain https://agora.terra.money/t/ust-goes-interchain-reasonable-strats-part-five/5024 Anchor Going Cross Chain to Avalanche https://twitter.com/CryptoHarry_/status/1504309092411920387 Jump's BTC reserve proposal https://twitter.com/terra_money/status/1506736478449127425 Recent worries about Anchor APY being sustainable Do said Anchor yield shouldn't be sustainable (marketing scheme) https://twitter.com/stablekwon/status/1503154137420079107 Arca + Polychain proposal: https://twitter.com/jdorman81/status/1502024302526304262 South Korea's new President https://asia.nikkei.com/Spotlight/Cryptocurrencies/South-Korea-s-incoming-president-vows-big-cryptocurrency-push SEC subpoena https://www.coindesk.com/policy/2021/12/10/most-influential-2021-do-kwon/
Do Kwon is the CEO of Terraform Labs and a director at Luna Foundation Guard. On Unchained, he explains why LFG is spearheading a plan to partially back Terra's $15 billion stablecoin UST with Bitcoin. He also dives into another project idea that would transform developer salaries into financial assets that, as far as I can tell, he has not yet spoken about publicly. Part 1: Everything you need to know about Terra, UST, and BTC. how Terra works and why Do thinks UST will soon be the third-largest stablecoin why Do and LFG decided to back UST with bitcoin why Do thinks LUNA's price will continue to appreciate despite UST's new dependence on bitcoin how UST might perform if the price of a bitcoin were to crash why diversifying UST with different types of collateral could help Terra politically how LFG plans to use bridges, smart contracts, and an AMM reserve pool to secure its bitcoin why Do thinks Terra is now a Layer 2 project for Bitcoin who is deciding to purchase bitcoin and who determines what other assets to purchase as collateral for UST how a bitcoin reserve pool would help UST not de-peg from the dollar whether Do thinks Anchor's 19%+ yield is sustainable and why Anchor is moving to other chains Part 2: Do, the self-described “toymaker” of DeFi. why Do is fascinated with creating a fungible labor market how developer working hours could become a token traded on an AMM and used to take out loans why Do thinks developer salaries in crypto should be cyclical how on-chain identity and history will be similar to credit scores why Do is a personal fan of Thorchain – but is reticent to use it as a bridge for LFG why Do is interested in Prism Protocol what Do thinks the impact of a pro-crypto president will have on South Korea Book events Keep up on all the latest events here! https://www.laurashin.com/book/#tour-dates Thank you to our sponsors! Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021 Beefy Finance: https://beefy.finance Cross River Bank: https://crossriver.com/crypto Upcoming Book Events Wednesday, March 30: I'll be speaking (remotely) with Six Senses about The Cryptopians at 2 pm ET. Be sure to save your spot soon – space is limited! Tuesday, April 5: I will be doing a reading and signing hosted by the City of Miami Beach and Future Perfect Ventures at Sky Yard from 6-8 pm. Jalak Jobanputra, CEO of Future Perfect Ventures will be interviewing me. You need to RSVP by April 1 to dianafontani@miamibeachfl.gov. Saturday, April 9: I will be on a panel at the Annapolis Book Festival at 11 am. Tuesday, April 12: I will be at StartupGrind's global event in Redwood City, which is focused this year on Web3 (time → TBD). May 4-7: I will be in conversation with author Jimmy Soni at the PBS Seattle Crosscut Festival, which takes place from May 4-7. May 23-25: I will be at the Oslo Freedom Forum which takes place from May 23 to 25. Details on these events are TBD. Episode Links Do Kwon https://twitter.com/stablekwon Previous Unchained appearance: https://www.youtube.com/watch?v=683fXfedOZY Terra Twitter: https://twitter.com/terra_money Luna Foundation Guard: https://lfg.org/team/ LFG Purchases Pomp – the $10B Bitcoin Bet on Stablecoins https://pomp.substack.com/p/the-10-billion-bitcoin-bet-on-stablecoins?s=w 3/10 BTC purchase https://twitter.com/LFG_org/status/1503680315969060864 $1 BTC billion purchase https://twitter.com/terra_money/status/1496162889085902856 TFL x LFG relationship https://twitter.com/stablekwon/status/1502225674840555523 Terraform Labs proposal to make Terra inter-chain https://agora.terra.money/t/ust-goes-interchain-reasonable-strats-part-five/5024 Anchor Going Cross Chain to Avalanche https://twitter.com/CryptoHarry_/status/1504309092411920387 Jump's BTC reserve proposal https://twitter.com/terra_money/status/1506736478449127425 Recent worries about Anchor APY being sustainable Do said Anchor yield shouldn't be sustainable (marketing scheme) https://twitter.com/stablekwon/status/1503154137420079107 Arca + Polychain proposal: https://twitter.com/jdorman81/status/1502024302526304262 South Korea's new President https://asia.nikkei.com/Spotlight/Cryptocurrencies/South-Korea-s-incoming-president-vows-big-cryptocurrency-push SEC subpoena https://www.coindesk.com/policy/2021/12/10/most-influential-2021-do-kwon/
On this episode of Empire's Weekly Roundup, Jason is joined by Blockworks Co-founder and On The Margin podcast host Mike Ippolito, Blockworks Markets Strategist Byron Gilliam, and Matthew Hepler, vice president of portfolio management at Arca. Matt joins the show to discuss Anchor, its upcoming protocol proposal and the sustainability of the protocol's 19% APY. He also chats about the differences in governance in equities versus crypto. Jason, Mike and Byron then dive into the hottest stories of the week: the Luna Foundation Guard's burning of 4.2 million LUNA, Biden's crypto executive order, Andre Cronje & Anton Nell's DeFi departure and if we in a bear market as sentiment & Crypto narratives begin to fade. Avalanche: Thank you to Avalanche for sponsoring Empire. Avalanche is one of the best and fastest growing smart-contract platforms in the industry. Learn more about them at https://www.avax.network/ --- Empire is brought to you by Blockworks, a financial media brand delivering breaking news and premium insights about digital assets to millions of investors. For more content like Empire, visit http://blockworks.co/podcasts Follow me on Twitter @JasonYanowitz and let me know what you thought of the show!
Terra (LUNA) emerged as one of the best performing financial assets in February, a month mired by geopolitical conflicts and their negative impacts on the crypto market. LUNA's price surged by a little over 75% to reach $91.50 at the month's UTC close. In comparison, the percentage performance of other top tokens, mainly Bitcoin (BTC) and Ether (ETH), in the same period came out to be around 12.25% and 9%, respectively. Terra and the Luna Foundation Guard have completed a $1 billion sale that sold LUNA tokens to venture capital groups. The funds raised will go toward establishing a Bitcoin reserve that protects against unforeseen black swan events. Terra is a decentralized algorithmic stablecoin, unlike Tether (USDT) and other competing centralized stablecoins.~This episode is sponsored by iTrust Capital~iTrustCapital | Get $100 Funding Reward + No Monthly Fees when you sign up using our custom link! ➜ https://bit.ly/iTrustPaul00:00 intro01:03 Terra LUNA rally01:47 LUNA decline soon?02:50 TerraUSD Stablecoin04:14 LUNA Price 05:21 Bitcoin Price05:48 UST gets $1Billion08:12 Terra Staking Rewards08:55 Terra Ecosystem11:02 iTrust Capital12:13 Terra + CHAI Wallet13:47 Terra Station15:51 DeFi16:29 Do Kwon18:41 SEC22:02 UST Airdrop + Yield Farming23:36 LUNA Sentiment Analysis27:01 LUNA Metaverse?29:04 outro#LUNA #Crypto #Altcoins~Terra LUNA Skyrockets Past Crypto Market | UST Climbs Stablecoin Ranks~⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺Become a Diamond Circle Member FREE! ➜ https://bit.ly/PBDiamondCircleSubscribe on YouTube ✅ https://bit.ly/PBNYoutubeSubscribeFacebook
Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news in the digital asset industry. Show topics: their thoughts on The DAO hacker reveal the importance of The DAO and why it made Robert fall in love with crypto how the alleged attacker was found (feat. a deep dive into the Morden testnet and Wasabi) dumb DAOs: why the guys are unimpressed with DAOs seeking to purchase, among other things, the Denver Broncos and fast-food restaurants how to fix price discovery for DAO mergers and acquisitions whether Anchor's 20% yield on UST is sustainable in light of Luna Foundation Guard's decision to backstop its reserves with $1 billion in BTC why deploying funds from a large treasury is difficult why the BlockFi fine was not a surprise what lessons the BlockFi settlement taught crypto companies why Tarun still loves Olympus DAO and OHM how EthDenver has changed since the NFT boom Hosts Haseeb Qureshi, managing partner at Dragonfly Capital https://twitter.com/hosseeb Tom Schmidt, general partner at Dragonfly Capital https://twitter.com/tomhschmidt Tarun Chitra, managing partner at Robot Ventures https://twitter.com/tarunchitra Robert Leshner, founder of Compound https://twitter.com/rleshner Show Topics: The DAO attacker revealed https://www.forbes.com/sites/laurashin/2022/02/22/exclusive-austrian-programmer-and-ex-crypto-ceo-likely-stole-11-billion-of-ether/ DAO trying to buy the Denver Broncos https://www.buythebroncos.com/ Fries DAO https://fries.fund/ BlockFi Agrees to Pay $100 Million in Penalties and Pursue Registration of its Crypto Lending Product https://www.sec.gov/news/press-release/2022-26 Terra and UST receiving backstopped funds https://www.theblockcrypto.com/post/134871/luna-founation-guard-token-sale OHM bonds as Vol-reduction strategy https://twitter.com/tarunchitra/status/1495807277978341385 Eth Denver https://thedefiant.io/ethdenver-scene-cryptopunks-community/
Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news in the digital asset industry. Show topics: their thoughts on The DAO hacker reveal the importance of The DAO and why it made Robert fall in love with crypto how the alleged attacker was found (feat. a deep dive into the Morden testnet and Wasabi) dumb DAOs: why the guys are unimpressed with DAOs seeking to purchase, among other things, the Denver Broncos and fast-food restaurants how to fix price discovery for DAO mergers and acquisitions whether Anchor's 20% yield on UST is sustainable in light of Luna Foundation Guard's decision to backstop its reserves with $1 billion in BTC why deploying funds from a large treasury is difficult why the BlockFi fine was not a surprise what lessons the BlockFi settlement taught crypto companies why Tarun still loves Olympus DAO and OHM how EthDenver has changed since the NFT boom Hosts Haseeb Qureshi, managing partner at Dragonfly Capital https://twitter.com/hosseeb Tom Schmidt, general partner at Dragonfly Capital https://twitter.com/tomhschmidt Tarun Chitra, managing partner at Robot Ventures https://twitter.com/tarunchitra Robert Leshner, founder of Compound https://twitter.com/rleshner Show Topics: The DAO attacker revealed https://www.forbes.com/sites/laurashin/2022/02/22/exclusive-austrian-programmer-and-ex-crypto-ceo-likely-stole-11-billion-of-ether/ DAO trying to buy the Denver Broncos https://www.buythebroncos.com/ Fries DAO https://fries.fund/ BlockFi Agrees to Pay $100 Million in Penalties and Pursue Registration of its Crypto Lending Product https://www.sec.gov/news/press-release/2022-26 Terra and UST receiving backstopped funds https://www.theblockcrypto.com/post/134871/luna-founation-guard-token-sale OHM bonds as Vol-reduction strategy https://twitter.com/tarunchitra/status/1495807277978341385 Eth Denver https://thedefiant.io/ethdenver-scene-cryptopunks-community/
Click on the link below for more... https://www.trustthelink.com/is-anchor-protocol-crazy-interest-sustainable-2-reasons/ Hey wutzup, When it comes to crypto there are a lot of different ways to earn money. With something called the Anchor Protocol someone can earn 19.46% interest on a stablecoin. A stablecoin means it's stable and usually pegged to the dollar. Think about that? That's a crazy interest rate, right? You might be wondering what's the catch right? There are 3 risks with this project that I wanted to talk about. Everything is risk and reward and knowing both is a good thing. The "largest" risk with this project is the fact it has enough money to pay out the "Anchor" interest rate at 19.46%. You can see how the yield reserves have been slowly going down until you see a LARGE increase. This large increase is because members voted on filling the reserve with 450 million UST from the Luna Foundation Guard, it's a fund used to support projects on the Terra blockchain that is what this project runs on. You might be wondering where the money comes from. One source is they sell Luna crypto and they purchased stable coins. The interest will probably go down due to the yield reserve being reduced and also staking rewards being reduced. With Ethereum when more gets staked the yield gets reduced and this will impact how much money the Anchor Protocol earns. You see to borrow money someone has to deposit Luna or Ethereum and this is staked. The staked income helps pay the interest rate. Plus the fees for when someone borrows. The second risk involves a bug in the smart contract and this does happen at times. There is a crazy story about Ethereum getting split into 2 where there is Ethereum and Ethereum classic due to mistakes in the code. The rule of thumb is the more complicated something is the higher the chance of something going wrong right? This reminds me of the first time I tried windsurfing and there are a lot of moving parts with it and man did I suck. If a bug makes you nervous you can actually get insurance with the protocol. Then you can insure either smart contracts or the stable coin (for a fee of course). The third risk is with the stablecoin UST and there is even insurance for it. UST is pegged to the dollar so 1UST is 1 dollar, right? Actually, it's a little more complicated. UST is paired to the coin LUNA with a mint and burn system. This means 1 dollar in Luna can be converted to created 1 dollar in UST. If UST is trading above 1 dollar then this motivates Luna holders to burn $1 of Luna into $1 into UST and they would earn some quick money. This then drives the price of UST back down to $1. So far UST has been "very" stable, but there is a risk that the value with it drops. Of course, there are more risks with regulations, but these are the big 3. If you want to learn more click on the link in the description or go to my website trusthelink.com I created a post about the Anchor protocol. I talk about how to exactly earn the interest and walk you through it. I also talk more about how stable the interest rate is and more ways a higher yield from popular cryptocurrency coins that you may be hodyling or holding now. I hope this video or podcast was helpful. Bye for now.
Cryptocurrency & FinancialMarkets News, Stats& Data for 20th Jan 2022specific coins very cheap here Today I talk about the following:1. Market Stats, Trading models, Technical analysis, Sector performances & liquidity2. Fiat markets, Economics, Central Banks, Regulators and Government news3. Social media, & Greed and Fear index4. Derivative Positions & Leverage & Risk Metrics5. General news· Google Pay Partners With Cryptocurrency Exchanges To Accept Their Digital Cards https://www.newsbtc.com/crypto/google-pay-partners-with-cryptocurrency-exchanges-to-accept-their-digital-cards/7· Cryptocurrency derivatives exchange Deribit is rolling out SOL derivatives — the latest indicator of strong institutional investor interest in the Solana protocol.https://blockworks.co/exclusive-crypto-derivatives-exchange-deribit-planning-solana-futures/8· The Judge presiding over the SEC v Ripple case, Judge Netburn has now ruled in favor of Ripple in the lastest court session. Judge Netburn granted Ripple's request for privileged SEC documents That determines the classification of XRP as securities.https://coinpedia.org/ripple/judge-rules-in-favour-of-ripple-in-the-hot-sec-vs-ripple-lawsuit/9· CEO of Financial Services Giant Charles Schwab Calls Cryptocurrencies ‘Hard to Ignore'“We would welcome the chance if the opportunity presents itself from a regulatory standpoint,” said Charles Schwab's CEO on Wednesday https://blockworks.co/ceo-of-financial-services-giant-charles-schwab-calls-cryptocurrencies-hard-to-ignore/Regulations10· Russia has joined the league of countries that have proposed a total ban on all cryptocurrency-related activities. In a press conference report on Thursday, the Director of the Bank of Russia's Financial Stability Department Elizaveta Danilova made this known.https://coinquora.com/bank-of-russia-proposes-complete-ban-on-all-crypto-activities/Funding11· The nonfungible token marketplace Autograph co-founded by Super Bowl champion Tom Brady has announced it closed on a $170 million funding round.https://cointelegraph.com/news/tom-brady-s-nft-platform-autograph-raises-170m-to-scale-operations12· Decentralized betting protocol Azuro has officially closed its seed round funding amounting to $3.5 million. This successful raising of funds is made possible with the help of true value adds on the venture and the strategic partner side.https://coinquora.com/azuro-successfully-closes-seed-round-amounting-to-3-5-million/13· African gaming platform Carry1st has announced a $20 million Series A extension led by Andreessen Horowitz, with participation from Avenir and Google. A wide range of additional investors also took part in the round, including the founders of Axie Infinity and rapper Nas. The valuation was not disclosed.https://www.theblockcrypto.com/linked/130766/carry1st-raise?utm_source=cryptocompare&utm_medium=rss14· Andreessen Horowitz (also known as a16z) is planning to raise up to $4.5 billion for two new crypto funds, according to a report by the Financial Times. Last week, the Silicon Valley venture capital firm reportedly told investors that it will raise $3.5 billion for its venture fund, while another $1 billion will be raised for its seed investments in the web3 space, with plans set to be confirmed in March. The Block has contacted a16z for comment but did not receive a response by press time.https://www.theblockcrypto.com/linked/130954/andreessen-horowitz-plans-to-raise-4-5-billion-for-new-crypto-funds?utm_source=cryptocompare&utm_medium=rss15· BlockFills, a digital asset electronic market making, trading and prime brokerage, has announced the completion of a $37 million Series A funding round. Institutional investors, including Susquehanna Private Equity Investments LLLP, CME Ventures, Simplex Ventures, C6 Ventures, and Nexo Inc., led the round. Since its inception in 2018, the firm has received a total of $44 million from institutional investors in two funding rounds.https://cointelegraph.com/news/blockfills-raises-37-million-to-support-global-expansion`16· Gate Ventures, the venture capital arm of global digital asset exchange Gate.io, has announced its participation in SEBA Bank's $119M Series C round as a consortium member with Altive. SEBA Bank, founded in 2018 and headquartered in Zug Switzerland, is a FINMA-licensed bank that offers digital banking, trading, and custodial services for institutional investors and High Networth Individuals (HNWIs).https://coinpedia.org/press-release/gate-io-venture-capital-invests-in-seba-bank/17· Terraform Labs, the company behind the Terra blockchain, has announced today the formation of the Luna Foundation Guard—a non-profit created to foster the growth of the Terra ecosystem.https://cryptobriefing.com/terraform-labs-launches-nonprofit-luna-foundation-guard/?utm_source=main_feed&utm_medium=rssAcquisitions/partnerships18· Crypto exchange Gemini continues to put to work its war-chest of capital, acquiring trading platform Omniex to offer more institutional services to its clientele.https://www.theblockcrypto.com/linked/130845/gemini-acquires-crypto-trading-platform-in-push-to-offer-prime-services?utm_source=cryptocompare&utm_medium=rss19· The Adelaide Football Club, called “the Crows” in Australia, is a professional club based in Adelaide. This team is led by John Olsen, Chairman, and Tim Silvers, CEO. The Adelaide Crows are the pride of South Australia, a club with over 30 years of existence and the only club to have won multiple premierships in the AFLW competition.https://thenewscrypto.com/crypto-com-and-the-adelaide-crows-announce-long-term-partnership/Hires20· Google Hires PayPal Executive to Expand Crypto Footprinthttps://decrypt.co/90736/google-hires-paypal-executive-expand-crypto-footprintEth killers21. With its 2000 transactions per second, TRON wants to make blockchain technology more accessible. Justin Sun, a well-known tech entrepreneur, started it in September 2017. Last year, Sun stepped down and declared his intention to legitimize blockchain technology in Latin America. Since then, he hasn't engaged much in any regular TRON activities. With 67 million TRON accounts and 2.72 billion transactions up from 1.41 billion, marking an increase of 1.31 billion, TRON is the fastest-growing public chain. TRON's native coin, TRX, is utilized to access the platform's applications. Moreover, last year TRON reached $14.06 billion in TVL and ended the year at $9.98 billion TVL, thus topping other public chains and making it one of the most popular DeFi protocols.https://thenewscrypto.com/tron-trx-annual-statistics-represent-an-excellent-track-record/Sports22· Sport legends Jackie Joyner-Kersee, Cynthia Cooper-Dyke, and Jayna Hefford join forces with Parity and Aventus to headline first NFT marketplace exclusively dedicated to women athleteshttps://dailycoin.com/sport-legends-jackie-joyner-kersee-cynthia-cooper-dyke-and-jayna-hefford-join-forces-with-parity-and-aventus-to-headline-first-nft-marketplace-exclusively-dedicated-to-women-athletes/Nfts23· Puppy Bowl Is Going Crypto With NFTs to Benefit Ariana Grande's Animal Rescue Charityhttps://decrypt.co/90615/discovery-puppy-bowl-nfts24· a Solana-based "move-to-earn" startup that rewards users for exercising, has raised $5 million in a seed funding round. Sequoia Capital India and Folius Ventures co-led the round, with Solana Ventures, Alameda Research, 6th Man Ventures, Sfermion, and others participating.https://www.theblockcrypto.com/post/130953/solana-move-to-earn-stepn-funding?utm_source=cryptocompare&utm_medium=rss25· After finding success with NBA Top Shot and inking subsequent deals with the NFL and LaLiga, Dapper Labs announced today that it will launch an NFT platform for the popular mixed martial arts organization Ultimate Fighting Championship later this week.https://decrypt.co/90755/nba-top-shot-dapper-labs-nft-platform-ufc-strikeHacks/scams25· Crypto.com CEO confirms 400 accounts were compromised in recent hackhttps://www.theblockcrypto.com/post/130857/crypto-com-ceo-confirms-400-accounts-were-compromised-in-recent-hack?utm_source=cryptocompare&utm_medium=rss26· Hacker steals $200,000 through Multichain bug, offers to return 80% to victimhttps://www.theblockcrypto.com/post/130818/hacker-steals-200000-through-multichain-bug-offers-to-return-80-to-victim?utm_source=cryptocompare&utm_medium=rssExchange news27· Poloniex celebrates its 8th anniversary in the crypto space!https://ambcrypto.com/poloniex-celebrates-its-8th-anniversary-in-the-crypto-space-2/28· In a statement on Thursday, Crypto.com revealed that “4,836.26 ETH, 443.93 BTC and approximately US$66,200 in other currencies” had been taken from clients' accounts without their permission. The overall loss is presently valued at around $33.8 million, per the current market value.https://cointelegraph.com/news/crypto-com-finally-speaks-out-483-user-accounts-compromised29, Russia & Ukraine
Cryptocurrency & FinancialMarkets News, Stats& Data for 20th Jan 2022specific coins very cheap here Today I talk about the following:1. Market Stats, Trading models, Technical analysis, Sector performances & liquidity2. Fiat markets, Economics, Central Banks, Regulators and Government news3. Social media, & Greed and Fear index4. Derivative Positions & Leverage & Risk Metrics5. General news· Google Pay Partners With Cryptocurrency Exchanges To Accept Their Digital Cards https://www.newsbtc.com/crypto/google-pay-partners-with-cryptocurrency-exchanges-to-accept-their-digital-cards/7· Cryptocurrency derivatives exchange Deribit is rolling out SOL derivatives — the latest indicator of strong institutional investor interest in the Solana protocol.https://blockworks.co/exclusive-crypto-derivatives-exchange-deribit-planning-solana-futures/8· The Judge presiding over the SEC v Ripple case, Judge Netburn has now ruled in favor of Ripple in the lastest court session. Judge Netburn granted Ripple's request for privileged SEC documents That determines the classification of XRP as securities.https://coinpedia.org/ripple/judge-rules-in-favour-of-ripple-in-the-hot-sec-vs-ripple-lawsuit/9· CEO of Financial Services Giant Charles Schwab Calls Cryptocurrencies ‘Hard to Ignore'“We would welcome the chance if the opportunity presents itself from a regulatory standpoint,” said Charles Schwab's CEO on Wednesday https://blockworks.co/ceo-of-financial-services-giant-charles-schwab-calls-cryptocurrencies-hard-to-ignore/Regulations10· Russia has joined the league of countries that have proposed a total ban on all cryptocurrency-related activities. In a press conference report on Thursday, the Director of the Bank of Russia's Financial Stability Department Elizaveta Danilova made this known.https://coinquora.com/bank-of-russia-proposes-complete-ban-on-all-crypto-activities/Funding11· The nonfungible token marketplace Autograph co-founded by Super Bowl champion Tom Brady has announced it closed on a $170 million funding round.https://cointelegraph.com/news/tom-brady-s-nft-platform-autograph-raises-170m-to-scale-operations12· Decentralized betting protocol Azuro has officially closed its seed round funding amounting to $3.5 million. This successful raising of funds is made possible with the help of true value adds on the venture and the strategic partner side.https://coinquora.com/azuro-successfully-closes-seed-round-amounting-to-3-5-million/13· African gaming platform Carry1st has announced a $20 million Series A extension led by Andreessen Horowitz, with participation from Avenir and Google. A wide range of additional investors also took part in the round, including the founders of Axie Infinity and rapper Nas. The valuation was not disclosed.https://www.theblockcrypto.com/linked/130766/carry1st-raise?utm_source=cryptocompare&utm_medium=rss14· Andreessen Horowitz (also known as a16z) is planning to raise up to $4.5 billion for two new crypto funds, according to a report by the Financial Times. Last week, the Silicon Valley venture capital firm reportedly told investors that it will raise $3.5 billion for its venture fund, while another $1 billion will be raised for its seed investments in the web3 space, with plans set to be confirmed in March. The Block has contacted a16z for comment but did not receive a response by press time.https://www.theblockcrypto.com/linked/130954/andreessen-horowitz-plans-to-raise-4-5-billion-for-new-crypto-funds?utm_source=cryptocompare&utm_medium=rss15· BlockFills, a digital asset electronic market making, trading and prime brokerage, has announced the completion of a $37 million Series A funding round. Institutional investors, including Susquehanna Private Equity Investments LLLP, CME Ventures, Simplex Ventures, C6 Ventures, and Nexo Inc., led the round. Since its inception in 2018, the firm has received a total of $44 million from institutional investors in two funding rounds.https://cointelegraph.com/news/blockfills-raises-37-million-to-support-global-expansion`16· Gate Ventures, the venture capital arm of global digital asset exchange Gate.io, has announced its participation in SEBA Bank's $119M Series C round as a consortium member with Altive. SEBA Bank, founded in 2018 and headquartered in Zug Switzerland, is a FINMA-licensed bank that offers digital banking, trading, and custodial services for institutional investors and High Networth Individuals (HNWIs).https://coinpedia.org/press-release/gate-io-venture-capital-invests-in-seba-bank/17· Terraform Labs, the company behind the Terra blockchain, has announced today the formation of the Luna Foundation Guard—a non-profit created to foster the growth of the Terra ecosystem.https://cryptobriefing.com/terraform-labs-launches-nonprofit-luna-foundation-guard/?utm_source=main_feed&utm_medium=rssAcquisitions/partnerships18· Crypto exchange Gemini continues to put to work its war-chest of capital, acquiring trading platform Omniex to offer more institutional services to its clientele.https://www.theblockcrypto.com/linked/130845/gemini-acquires-crypto-trading-platform-in-push-to-offer-prime-services?utm_source=cryptocompare&utm_medium=rss19· The Adelaide Football Club, called “the Crows” in Australia, is a professional club based in Adelaide. This team is led by John Olsen, Chairman, and Tim Silvers, CEO. The Adelaide Crows are the pride of South Australia, a club with over 30 years of existence and the only club to have won multiple premierships in the AFLW competition.https://thenewscrypto.com/crypto-com-and-the-adelaide-crows-announce-long-term-partnership/Hires20· Google Hires PayPal Executive to Expand Crypto Footprinthttps://decrypt.co/90736/google-hires-paypal-executive-expand-crypto-footprintEth killers21. With its 2000 transactions per second, TRON wants to make blockchain technology more accessible. Justin Sun, a well-known tech entrepreneur, started it in September 2017. Last year, Sun stepped down and declared his intention to legitimize blockchain technology in Latin America. Since then, he hasn't engaged much in any regular TRON activities. With 67 million TRON accounts and 2.72 billion transactions up from 1.41 billion, marking an increase of 1.31 billion, TRON is the fastest-growing public chain. TRON's native coin, TRX, is utilized to access the platform's applications. Moreover, last year TRON reached $14.06 billion in TVL and ended the year at $9.98 billion TVL, thus topping other public chains and making it one of the most popular DeFi protocols.https://thenewscrypto.com/tron-trx-annual-statistics-represent-an-excellent-track-record/Sports22· Sport legends Jackie Joyner-Kersee, Cynthia Cooper-Dyke, and Jayna Hefford join forces with Parity and Aventus to headline first NFT marketplace exclusively dedicated to women athleteshttps://dailycoin.com/sport-legends-jackie-joyner-kersee-cynthia-cooper-dyke-and-jayna-hefford-join-forces-with-parity-and-aventus-to-headline-first-nft-marketplace-exclusively-dedicated-to-women-athletes/Nfts23· Puppy Bowl Is Going Crypto With NFTs to Benefit Ariana Grande's Animal Rescue Charityhttps://decrypt.co/90615/discovery-puppy-bowl-nfts24· a Solana-based "move-to-earn" startup that rewards users for exercising, has raised $5 million in a seed funding round. Sequoia Capital India and Folius Ventures co-led the round, with Solana Ventures, Alameda Research, 6th Man Ventures, Sfermion, and others participating.https://www.theblockcrypto.com/post/130953/solana-move-to-earn-stepn-funding?utm_source=cryptocompare&utm_medium=rss25· After finding success with NBA Top Shot and inking subsequent deals with the NFL and LaLiga, Dapper Labs announced today that it will launch an NFT platform for the popular mixed martial arts organization Ultimate Fighting Championship later this week.https://decrypt.co/90755/nba-top-shot-dapper-labs-nft-platform-ufc-strikeHacks/scams25· Crypto.com CEO confirms 400 accounts were compromised in recent hackhttps://www.theblockcrypto.com/post/130857/crypto-com-ceo-confirms-400-accounts-were-compromised-in-recent-hack?utm_source=cryptocompare&utm_medium=rss26· Hacker steals $200,000 through Multichain bug, offers to return 80% to victimhttps://www.theblockcrypto.com/post/130818/hacker-steals-200000-through-multichain-bug-offers-to-return-80-to-victim?utm_source=cryptocompare&utm_medium=rssExchange news27· Poloniex celebrates its 8th anniversary in the crypto space!https://ambcrypto.com/poloniex-celebrates-its-8th-anniversary-in-the-crypto-space-2/28· In a statement on Thursday, Crypto.com revealed that “4,836.26 ETH, 443.93 BTC and approximately US$66,200 in other currencies” had been taken from clients' accounts without their permission. The overall loss is presently valued at around $33.8 million, per the current market value.https://cointelegraph.com/news/crypto-com-finally-speaks-out-483-user-accounts-compromised29, Russia & Ukraine
Cryptocurrency & FinancialMarkets News, Stats& Data for 20th Jan 2022specific coins very cheap here Today I talk about the following:1. Market Stats, Trading models, Technical analysis, Sector performances & liquidity2. Fiat markets, Economics, Central Banks, Regulators and Government news3. Social media, & Greed and Fear index4. Derivative Positions & Leverage & Risk Metrics5. General news· Google Pay Partners With Cryptocurrency Exchanges To Accept Their Digital Cards https://www.newsbtc.com/crypto/google-pay-partners-with-cryptocurrency-exchanges-to-accept-their-digital-cards/7· Cryptocurrency derivatives exchange Deribit is rolling out SOL derivatives — the latest indicator of strong institutional investor interest in the Solana protocol.https://blockworks.co/exclusive-crypto-derivatives-exchange-deribit-planning-solana-futures/8· The Judge presiding over the SEC v Ripple case, Judge Netburn has now ruled in favor of Ripple in the lastest court session. Judge Netburn granted Ripple's request for privileged SEC documents That determines the classification of XRP as securities.https://coinpedia.org/ripple/judge-rules-in-favour-of-ripple-in-the-hot-sec-vs-ripple-lawsuit/9· CEO of Financial Services Giant Charles Schwab Calls Cryptocurrencies ‘Hard to Ignore'“We would welcome the chance if the opportunity presents itself from a regulatory standpoint,” said Charles Schwab's CEO on Wednesday https://blockworks.co/ceo-of-financial-services-giant-charles-schwab-calls-cryptocurrencies-hard-to-ignore/Regulations10· Russia has joined the league of countries that have proposed a total ban on all cryptocurrency-related activities. In a press conference report on Thursday, the Director of the Bank of Russia's Financial Stability Department Elizaveta Danilova made this known.https://coinquora.com/bank-of-russia-proposes-complete-ban-on-all-crypto-activities/Funding11· The nonfungible token marketplace Autograph co-founded by Super Bowl champion Tom Brady has announced it closed on a $170 million funding round.https://cointelegraph.com/news/tom-brady-s-nft-platform-autograph-raises-170m-to-scale-operations12· Decentralized betting protocol Azuro has officially closed its seed round funding amounting to $3.5 million. This successful raising of funds is made possible with the help of true value adds on the venture and the strategic partner side.https://coinquora.com/azuro-successfully-closes-seed-round-amounting-to-3-5-million/13· African gaming platform Carry1st has announced a $20 million Series A extension led by Andreessen Horowitz, with participation from Avenir and Google. A wide range of additional investors also took part in the round, including the founders of Axie Infinity and rapper Nas. The valuation was not disclosed.https://www.theblockcrypto.com/linked/130766/carry1st-raise?utm_source=cryptocompare&utm_medium=rss14· Andreessen Horowitz (also known as a16z) is planning to raise up to $4.5 billion for two new crypto funds, according to a report by the Financial Times. Last week, the Silicon Valley venture capital firm reportedly told investors that it will raise $3.5 billion for its venture fund, while another $1 billion will be raised for its seed investments in the web3 space, with plans set to be confirmed in March. The Block has contacted a16z for comment but did not receive a response by press time.https://www.theblockcrypto.com/linked/130954/andreessen-horowitz-plans-to-raise-4-5-billion-for-new-crypto-funds?utm_source=cryptocompare&utm_medium=rss15· BlockFills, a digital asset electronic market making, trading and prime brokerage, has announced the completion of a $37 million Series A funding round. Institutional investors, including Susquehanna Private Equity Investments LLLP, CME Ventures, Simplex Ventures, C6 Ventures, and Nexo Inc., led the round. Since its inception in 2018, the firm has received a total of $44 million from institutional investors in two funding rounds.https://cointelegraph.com/news/blockfills-raises-37-million-to-support-global-expansion`16· Gate Ventures, the venture capital arm of global digital asset exchange Gate.io, has announced its participation in SEBA Bank's $119M Series C round as a consortium member with Altive. SEBA Bank, founded in 2018 and headquartered in Zug Switzerland, is a FINMA-licensed bank that offers digital banking, trading, and custodial services for institutional investors and High Networth Individuals (HNWIs).https://coinpedia.org/press-release/gate-io-venture-capital-invests-in-seba-bank/17· Terraform Labs, the company behind the Terra blockchain, has announced today the formation of the Luna Foundation Guard—a non-profit created to foster the growth of the Terra ecosystem.https://cryptobriefing.com/terraform-labs-launches-nonprofit-luna-foundation-guard/?utm_source=main_feed&utm_medium=rssAcquisitions/partnerships18· Crypto exchange Gemini continues to put to work its war-chest of capital, acquiring trading platform Omniex to offer more institutional services to its clientele.https://www.theblockcrypto.com/linked/130845/gemini-acquires-crypto-trading-platform-in-push-to-offer-prime-services?utm_source=cryptocompare&utm_medium=rss19· The Adelaide Football Club, called “the Crows” in Australia, is a professional club based in Adelaide. This team is led by John Olsen, Chairman, and Tim Silvers, CEO. The Adelaide Crows are the pride of South Australia, a club with over 30 years of existence and the only club to have won multiple premierships in the AFLW competition.https://thenewscrypto.com/crypto-com-and-the-adelaide-crows-announce-long-term-partnership/Hires20· Google Hires PayPal Executive to Expand Crypto Footprinthttps://decrypt.co/90736/google-hires-paypal-executive-expand-crypto-footprintEth killers21. With its 2000 transactions per second, TRON wants to make blockchain technology more accessible. Justin Sun, a well-known tech entrepreneur, started it in September 2017. Last year, Sun stepped down and declared his intention to legitimize blockchain technology in Latin America. Since then, he hasn't engaged much in any regular TRON activities. With 67 million TRON accounts and 2.72 billion transactions up from 1.41 billion, marking an increase of 1.31 billion, TRON is the fastest-growing public chain. TRON's native coin, TRX, is utilized to access the platform's applications. Moreover, last year TRON reached $14.06 billion in TVL and ended the year at $9.98 billion TVL, thus topping other public chains and making it one of the most popular DeFi protocols.https://thenewscrypto.com/tron-trx-annual-statistics-represent-an-excellent-track-record/Sports22· Sport legends Jackie Joyner-Kersee, Cynthia Cooper-Dyke, and Jayna Hefford join forces with Parity and Aventus to headline first NFT marketplace exclusively dedicated to women athleteshttps://dailycoin.com/sport-legends-jackie-joyner-kersee-cynthia-cooper-dyke-and-jayna-hefford-join-forces-with-parity-and-aventus-to-headline-first-nft-marketplace-exclusively-dedicated-to-women-athletes/Nfts23· Puppy Bowl Is Going Crypto With NFTs to Benefit Ariana Grande's Animal Rescue Charityhttps://decrypt.co/90615/discovery-puppy-bowl-nfts24· a Solana-based "move-to-earn" startup that rewards users for exercising, has raised $5 million in a seed funding round. Sequoia Capital India and Folius Ventures co-led the round, with Solana Ventures, Alameda Research, 6th Man Ventures, Sfermion, and others participating.https://www.theblockcrypto.com/post/130953/solana-move-to-earn-stepn-funding?utm_source=cryptocompare&utm_medium=rss25· After finding success with NBA Top Shot and inking subsequent deals with the NFL and LaLiga, Dapper Labs announced today that it will launch an NFT platform for the popular mixed martial arts organization Ultimate Fighting Championship later this week.https://decrypt.co/90755/nba-top-shot-dapper-labs-nft-platform-ufc-strikeHacks/scams25· Crypto.com CEO confirms 400 accounts were compromised in recent hackhttps://www.theblockcrypto.com/post/130857/crypto-com-ceo-confirms-400-accounts-were-compromised-in-recent-hack?utm_source=cryptocompare&utm_medium=rss26· Hacker steals $200,000 through Multichain bug, offers to return 80% to victimhttps://www.theblockcrypto.com/post/130818/hacker-steals-200000-through-multichain-bug-offers-to-return-80-to-victim?utm_source=cryptocompare&utm_medium=rssExchange news27· Poloniex celebrates its 8th anniversary in the crypto space!https://ambcrypto.com/poloniex-celebrates-its-8th-anniversary-in-the-crypto-space-2/28· In a statement on Thursday, Crypto.com revealed that “4,836.26 ETH, 443.93 BTC and approximately US$66,200 in other currencies” had been taken from clients' accounts without their permission. The overall loss is presently valued at around $33.8 million, per the current market value.https://cointelegraph.com/news/crypto-com-finally-speaks-out-483-user-accounts-compromised29, Russia & Ukraine