• Breaking News

    Sunday, May 2, 2021

    Home Unlabelled Crypto Currency Markets Weekly Discussion Megathread - May 2, 2021 (GMT+0)

    Crypto Currency Markets Weekly Discussion Megathread - May 2, 2021 (GMT+0)

    May 02, 2021

    Crypto Currency Markets Weekly Discussion Megathread - May 2, 2021 (GMT+0)

    Weekly Discussion Megathread - May 2, 2021 (GMT+0)

    Posted: 02 May 2021 06:00 AM PDT

    Welcome to the /r/CryptoMarkets Weekly Discussion thread. The thread guidelines are as follows:

    ***

    The thread guidelines are as follows:

    * Discussion topics include, but are not limited to, events of the day, technical analysis, and minor questions.

    * Breaking news or other important content should be submitted as a separate post.

    * Cryptocurrency discussion not related to trading should be referred to the r/CryptoCurrency general discussion thread, [see here](https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly_general_discussion_april_01_2017/).

    * Follow the golden rule and be excellent to each other.

    ***

    Resources and Tools:

    * Consider joining one of the r/CryptoMarkets chat groups, [see here](https://www.reddit.com/r/CryptoMarkets/wiki/chat).

    * If you are using RES, please click the subscribe button below to be notified when new comments are posted.

    * To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com.

    ***

    Thank you in advance for your participation. Enjoy!

    submitted by /u/AutoModerator
    [link] [comments]

    All newbies gotta learn the hard way

    Posted: 02 May 2021 10:38 AM PDT

    ETH officially passes 3000$ USD!

    Posted: 02 May 2021 06:48 PM PDT

    WhatsApp competitor Signal plans to offer payment features with cryptocurrencies soon

    Posted: 02 May 2021 01:53 AM PDT

    Bingbon Inches Closer to Becoming the Top Social Trading Platform

    Posted: 02 May 2021 10:46 AM PDT

    NFTs Combat Bubble Burst Claims As Real Life Use Cases Push Forward

    Posted: 02 May 2021 10:25 AM PDT

    Ethereum (ETH) Hits $3,000 All-Time High for the First Time in History

    Posted: 02 May 2021 09:58 PM PDT

    Morphose - Privacy on Binance Smart Chain

    Posted: 02 May 2021 03:48 PM PDT

    SERIOUS NEW PROTOCOL. Basically tornado cash (103m market cap on eth) on Binance Smart Chain at ~700k market cap.

    Website: MORPHOSE[.]CASH

    Twitter + TG: morphosecash

    CA: https://bscscan.com/token/0x2b15bc62d1FB46ADE4763A3c5ea0917460bb25F1

    PLATFORM IS LIVE

    WORKING PRODUCT + AUDITED : Fully Decentralized Protocol for Private Transactions on BSC

    It's an audited decentralized privacy protocol using zk-SNARK like Tornado.cash, but it's not a clone. It doesn't rely on an off-chain relayer which makes it more decentralized. It breaks the on-chain link between transactions on Binance Smart Chain (it also works for ETH and is polkadot ready). The token is on BSC. The dev went around eth abstraction not being live and designed a faucet, which despite not having and off chain relayer, will allow brand new fresh wallets to withdraw from the contract as long as the deposit was over 1bnb.

    100k max supply

    50k circulating

    14$ per token

    700k~ market cap

    100% Liq locked for a year

    Not yet on coingecko and CMC.

    Price has been holding around 9-10$ for a while now and today 3 whales (3x 500k+ usd wallets) have come in and bought all at once, doubling the price. Already has settled a bit lower, but I can't stop thinking they must know something. Listing? Influencer? YouTube? Something must be coming up.

    Team is anonymous considering the privacy nature of the protocol (want to dissociate from hackers that will use it, for example). Team claims to have experience in crypto currency and point of sale dev.

    Similar project: Tornadocash is a mixer for privacy on ethereum. It takes a higher fee than Morphose (3% IIRC instead of 1% like Morphose). It has been around for a long time and obfuscates a decent amount of transactions on ethereum. It currently has 102M market cap.

    submitted by /u/Gaboury
    [link] [comments]

    Dogecoin Rises 10% After Elon Musk Confirms Coin Will Get SNL Treatment

    Posted: 02 May 2021 04:59 AM PDT

    Over time, DeFi have the ability to change the traditional finance world

    Posted: 02 May 2021 02:46 AM PDT

    Cryptos Are a Threat to Central Banks. Why It Goes Beyond Bitcoin.

    Posted: 02 May 2021 09:47 PM PDT

    Me holdin the dip

    Posted: 02 May 2021 03:42 AM PDT

    Retrieving Amazon S3 objects using BitTorrent - Amazon Simple Storage Service. Amazon uses BTT

    Posted: 02 May 2021 06:43 AM PDT

    Ethereum developers have launched an ETH 2.0 Testnet called Steklo. Ethereum is gradually moving from Proof-of-Work to Proof-of-Stake. Ethereum recently reached a new all-time high of just under $3,000.

    Posted: 02 May 2021 10:00 AM PDT

    Shark Tank's Kevin O’Leary Says Bitcoin Will Always Be Gold

    Posted: 02 May 2021 03:53 AM PDT

    I wonder if anyone relates

    Posted: 02 May 2021 10:04 AM PDT

    Imagine that, an old rich investor doesn't like Bitcoin.

    Posted: 02 May 2021 03:48 PM PDT

    sometimes its harder to hold in profit

    Posted: 02 May 2021 12:31 PM PDT

    [Stealth Mode] Beyond Protocol - project from Stanford University

    Posted: 02 May 2021 05:05 PM PDT

    Hi everyone,

    I am on the founding team of Beyond Protocol's Street Team. It's a stealth project started by leaders in Silicon Valley. Please let me know if I can be helpful in any way. Info below.

    Overview
    Beyond Protocol was started by Silicon Valley-based technologists in January 2018 to harness the explosive power of merging distributed ledger technology and IoT. Beyond Protocol eliminates hacks and facilitates machine-to-machine value transfer.

    With security as a given, Beyond Protocol allows us to feel comfortable opening up our devices for collaboration. Using them like threads of yard, the dreamers among us can weave together inventions we would have not thought to conceive.

    From the smart phone -- a camera, a touch screen, GPS, an internet connection -- applications were built which revolutionized entire industries (e.g. Uber and Instagram). From Beyond Protocol, mega applications can be engineered on top of any combination of IoT devices: from smart pills to satellites. Imagine a Nest smoke alarm paying a drone to put out a fire, and the drone making micropayments to weather towers along the way to determine the best route. Beyond Protocol sets out to be the ethical language of machines.

    After over a year of R&D, in early 2019, the Beyond Protocol team put forth the first iterations of its novel technology to a handful of partners. The technology allows its partners, with one line of code, to i. enable secure message brokering between devices through hardware signatures ii. equip devices with a cryptocurrency-based payment gateway. At present, there are no out-of-box solutions for either capability.

    Beyond seeks to build real, practical solutions for device security and payments from consumers to devices, and soon, among an economy of devices. Beyond envisions a future where good triumphs over evil and technology can work to create an exponentially more safe and more beautiful world.

    Project Resources
    - Website: http://beyond.link
    - Overview: https://docsend.com/view/upvdx52
    - Beyond Protocol (video): https://vimeo.com/258860331
    - Token Metrics: https://docsend.com/view/32kgadc

    Technical Resources
    - White Paper: https://docsend.com/view/si72wby
    - Technical Overview: https://docsend.com/view/bujtxem

    FAQ
    Q: Do you plan to ICO/IEO?
    A: To fund our project, and to seed our cryptocurrency, Beyond will sell its tokens from time to time ahead of a public listing. To date, Beyond has sold 4.96% of its token supply to project backers and allocated 6.07% to advisers. Beyond last sold its tokens in a private sale with a market capitalization of $100,000,000.00.

    Q: When do you plan to launch?
    A: Beyond is mostly in stealth. We plan to unveil key partnerships in Q3 2021 ahead of a token generation event (TGE).

    Q: Who are your key advisors?
    A: Some of our advisors include:
    - Anoop Nanna (Global Blockchain Practice Leader at Amazon; Formerly: Global Head of Blockchain, Cisco)
    - Stephen DiFranco (Former SVP/GM IoT, Broadcom)
    - Brian Forde (Sr. White House Advisor to Obama; Co-Founder Digital Media Initiative, MIT Media Lab)
    - Greg Silverman (Co-Founder/CEO of Stampede Ventures; Formerly: President, Warner Bros)
    - Brian Weinstein (President/COO, Bad Robot)
    - Peter Boni (Managing Principal, Kedgeway)

    Q: How does Beyond compare to other blockchain-based IoT projects?
    A: At launch, the core team and its advisers were deeply concerned about the integrity of existing solutions in the marketplace, which scores of its professional and academic associates deemed as being technologically nonviable (See: MIT Media Lab: "Our response to 'A Cryptocurrency Without a Blockchain Has Been Built to Outperform Bitcoin').

    submitted by /u/MafiaSweetie
    [link] [comments]

    I presume we'll see LOCG in the kucoin trading market today? I'm ready.

    Posted: 02 May 2021 08:47 PM PDT

    If you’d told us in April of 2018, that an India startup would seriously make a mark in the blockchain space, we’d ask for a sip of the tea you’d been drinking. An Indian Startup is Now a Crypto Unicorn: Polygon(Matic)’s Journey is an Inspiration.

    Posted: 02 May 2021 05:19 AM PDT

    Reddit crypto subs

    Posted: 02 May 2021 12:41 PM PDT

    What are your thoughts on the sudden influx of crypto investors?

    Posted: 02 May 2021 07:14 PM PDT

    Just had a look at my FB feed and saw so many people I would have never thought be into crypto, start liking crypto related posts from exchanges and making crypto trade analysis posts. Is this the signal that we are entering a overhyped market now, and the beginning of the top like in 2017?

    What are your opinions and thoughts on all these newbies getting into crypto now because of Elon hype and memes?

    submitted by /u/DoomKnight45
    [link] [comments]

    Proposed legislation could shift $425bn to crypto in Germany...there's an interesting German company going public in Canada shortly that I'm definitely starting to watch called Coin Analyst

    Posted: 02 May 2021 07:10 PM PDT

    Due Diligence Deep Dive BAX

    Posted: 02 May 2021 11:06 AM PDT

    Hidden Small Cap Gem?

    $BAX is currently available on KUCOIN at .0009 as of May 2nd 2021

    BABB, a company that aims to become the World Bank for the Micro-Economy, stands for Bank Account Based Blockchain. It offers a hybrid decentralised financial service system using a utility ERC-20 token on the Ethereum network. Their vision is to increase businesses on a global scale by improving financial support in communities, help improve living conditions, and have an overall impact on countries and the global economy especially those underserved by traditional financial systems.

    BABB Launching Cash-Out Fiat Gateways in 36 New Regions

    The app will enable users to convert fiat currency into BABB's native token throughout Europe, which can be sent abroad.

    According to the official announcement, users can convert fiat currency (£/€) into BAX, which is the BABB's native token, and then be sent without having to go through interbank networks, in addition to not carrying FX conversion fees.

    The tokens can then be converted to fiat and withdrawn to a bank account in 36 new countries in Europe, including Switzerland, Germany and the U.K.

    An alternative to the traditional remittance system

    Regarding the measure, the company clarified that the new feature solves the slowness of the traditional P2P remittance system, in addition to the operational expenses that this has, along with "poor" exchange rates.

    Speaking with Cointelegraph, David Taylor, BABB's chief marketing officer, commented on the traditional remittances system:

    BABB clarified that BAX tokens can be purchased via credit/debit cards and highlighted that they could later be purchased via bank transfers "in the near future."

    And The future looks like for the next quarter - BABB Will be testing their new services, as well as improve the conversion facility. -The app size will be compacted (so they keep the app as effective as they can for users with old generation smartphones). -They will be phasing out the Fundraising section and make a few design changes to the app. -They will be adding Multi-tokenised wallets. We will be testing the integration of tokenised FIAT to Blockchain (ERC-20, Solana, Algorand, Stellar, etc).

    *UK Bank Partner (ClearBank) *Swiss Bank Partner (Sygnum) *SWIFT Code *Bank Code (BIC) *FCA Registered and Regulated *FCA Crypto License pending *Bank Accounts & eMoney license is pending *UK eMoney license FCA application complete (SEMI) *EU eMoney license application coming soon *Application for EU Bank License Dec 2021

    According to to road map Babb/Bax has delivered on every one of its promises and continues to be a pioneer for this concept of being a blockchain based bank account for everyday retail investors.

    If Babb delivers on everything it's claiming to accomplish I'm not sure due to lack of its marketing anyone is going to foresee how huge this project is going to be .

    In essence, BABB is building a decentralized bank powered by the blockchain, operating a full reserve and integrating digital currencies all around the world.

    Multi Tokenized Economies

    Black Card The BABB Black Card is a secure payment card that links directly with your BABB bank account via a QR code or NFC. It allows both a debit-like functionality, or it can be issued as a pre-paid card for your friends and family. This approach allowed us to design a simple yet elegant card with no need for a chip and pin. With the BABB Black Card you will be able to spend your funds within your BABB bank account in shops and in-person (peer-to-peer). Retailers can accept payment using the BABB card by simply downloading the BABB app and scanning the QR code or via NFC. Payment is made instantly into the retailer's bank account and the funds can be used immediately.

    The BABB Black Card is the first card of its kind, containing no personal information on the card itself, which greatly improves card security. If the card is lost, it can be easily unlinked from your bank account, preventing anyone else from using it. Should you find your card again, simply scan the QR code on the card via your BABB app and it will link to your BABB bank account once again. If the card is lost permanently, new cards will be available very cheaply from certain major online retailers with next day delivery. Alternatively, you can pick up a spare from a friend, or even print a less durable - but equally functional

    Use cases: BABB's primary use cases are: Payments — Enable payments from payers to payees using the BABB's infrastructure, mobile apps, and the BABB the black card. "Payments" include scenarios like paying a merchant for goods, a small company using BABB for making payroll payments to employees, etc.

    Peer to Peer Cash — Enable users to withdraw and deposit cash from their accounts when interacting with other users or agents. Users can withdraw a currency from their account that is different from the currency held in the customer account.

    Peer to Peer Borrowing/Lending — Users can use the BABB app to lend and borrow money. BABB is used to set the loan's terms via smart contracts.

    Coding Activity: Did not detect a BABB related repository or coding activity in Github. BABB's CTO is a founder of Seegno. Most of the technical team members listed on the BABB web site are affiliated with Seegno which is a Portugal based web application development firm that has an active presence in Github.

    Team: From the web site — "Our team includes successful blockchain entrepreneurs with a proven track record, central bankers, investment bankers, data scientists, crypto investors, researchers and engineers." The review of the BABB team's LinkedIn profiles (starting with Rushd Averroes) indicates a team mostly experienced in fintech, payments and banking.

    BABB's unique vision for the future of banking is both radical and feasible. BABB will empower each individual and business within the microeconomy, by creating a decentralised and inclusive financial system. BABB intends to usher in a new paradigm of Fair Banking, by embracing emerging technologies and applying a 'people first' approach. The BABB platform has huge potential for growth, through the three main touch points of the BABB app, the Black Card and Social KYC. By maintaining a physical and digital presence and implementing a natural viral growth mechanism, we expect to see exponential uptake throughout our target markets.

    Advisors/Investors: The advisor team members are mostly based in London and have experience in the areas of fintech, banking, academics and marketing. General Thoughts: BABB is an ambitious project whose objective is to help people in the developing world improve their lives via access to first rate banking services. What I think the most interesting aspects of BABB are: BABB will make available a UK compliant bank account to any eligible person or business in the world without the need for a UK address or credit history. This means a farmer in Bangladesh could be a holder of UK bank account through BABB and have access to sophisticated financial services via the BABB app on her mobile phone.

    BABB will tokenize fiat and make the fiat available for saving, payments, loans, etc. This means that users will not be required to perform any payments, loans, savings with BAX tokens — they will instead be using relatively nonvolatile fiat currency (INR, USD, EUR, etc.) for these transactions. BABB's fiat will be held in reserve at BABB and accounted for via BABB's smart contract logic running on Ethereum. My assumption is that BABB's tokenized fiat will function in a manner like what Tether (USDT) does today with USD held in reserve to keep the price of Tether constant at $1. My bias is to see a multi year vesting schedule for the project team. The BABB team's token vesting schedule indicates that the team is thinking long term and that BABB is not a founder's get rich quick scheme like some other recent ICOs.

    My biggest concern about the development roadmap is how aligned are BABB's goals with UK banking regulations? My assumption is that the BABB team has a solid understanding of how to comply with the Know Your Customer (KYC ) requirements needed for BABB's customers to meet UK banking regulations. But the degree of gaps between BABBs goals and UK banking regulations is an unknown for me. This unknown is concerning because not complying with the UK's banking regulations could prevent BABB from realizing its goals.

    submitted by /u/CoolNameHere321
    [link] [comments]

    Crypto Exchange Hotbit HACKED: Funds Are Safe, But Network is DESTROYED - How Long Is It Expected To Be Offline?

    Posted: 02 May 2021 04:09 AM PDT
    Read more
    at

    No comments:

    Post a Comment